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Question - Polytechnic University of the Philippines - Manila purchased 50 units of Inverter-type Airconditioning units from a supplier on April 01, 2021 at an invoice price amounted to P3,000,000 intended for various offices to replace all unserviceable units and was operational only on July 17, 2021 after inspected, tested and installed. The estimated useful life of the asset is 5 years.
Required -
1. Compute the carrying value of the airconditioning units on December 31, 2023.
2. How much is the depreciation expense for 2021?
Calculate Actual number of direct labour hours incurred, Labour efficiency variance, Materials quantity variance, Fixed overhead budget variance
Grape Company paid $5,000 cash for wages of production workers. The business event would? increase one asset account and decrease another asset account.
Minstrel's beginning and ending Work in Process Inventory are $15,500 and $27,000 respectively. Compute cost of product transferred to Finished Goods Inventory
Why, under absorption costing, the operating profit for Year 2 was higher than for Year 1, although the same number of units was sold in each year.
Fixed manufacturing overhead costs are $82,500 and variable overhead costs are $6 per unit. Calculate the required sales in dollars to break even.
Lincoln Incorporated is expected to pay a $4.5 per share dividend at the end of this year. What is the estimated value per share of Boehm stock
Calculate budgeted cash disbursements for November and December (budgeted total sales for January of the coming year equals $163,000)
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Porter owns none of these bonds. What are the earnings per share amounts that Porter should report in its current year consolidated income statement?
What financial information ( ratios or otherwise) would you think would be relevant irrelevant from the viewpoint of possible investors in this company?
Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned)
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