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Problem 1: A worker takes 13 hours to complete work on daily wages and 8 hours on a scheme of payment by results. The worker's day rate is $90 per hour. The cost of material of the product is $300 and the overheads are recovered at 200% of the total wages. The company has an incentive plan of giving bonus for the time saved in a certain job. Bonus is computed as time saved over time allowed to complete the job multiplied by the time taken by the worker multiplied by the rate per hour. Mr. Canon completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. Canon?
How much must sales volume change compared with the original budgeted level in order to achieve the original profit for the period?
Using the traditional system where overhead cost are allocated using Direct labor hours as the allocation base, determine the Allocation rate
Schroeder Corporation had the stock outstanding - Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation.
How many passenger train cars must Springfield Express operate to earn pre-tax income of $ 120,000 per month on this route and What qualitative factors should be considered by Springfield Express in making its decision about acquiring this route?
What is the minimum amount of bonds it would have to issue to do so?- what is the minimum amount it would have to borrow?
Prepare a contribution format income statement for September using variable costing. Prepare an absorption costing income statement for September.
Assume that finished goods inventories are valued at the current unit manufacturing cost.
Explain how it could implement an activity-based costing (ABC) system. When you are deciding on a company to use, consider the costs
Explain how activity-based costing is different from job costing. Give examples of each costing approach and how they can be applied to different industries.
Research a good web article on impairment of goodwill or other intangibles. What types of factors might impact the recognition of a write-down?
What are some of the overhead costs at your company, or at a Middle Eastern company with which you are familiar?
we have grown a lot and done well in the past three years. most of our shoes are hand made using very little in the way
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