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Question - Consider a single job at Company B:
Direct Materials costs were: 6,289
Direct labor was 67 hours at a rate of $16/HR
MOH is allocated to jobs based on labor hours for the year
Budgeted MOH cost is 28,384
Budgeted dl labor hours is 4,204
Actual MOH was 33,272
Actual direct labor hours was 4,930
If actual costing is used, how much overhead is allocated to the job?
If the original cost had been $50,000 and the company could now sell the phones for $25,000 what should Heston do? Should the company scrap them or rework them?
Adjusting entries are prepared once a year, at year-end. The necessary adjusting entry at the company's year-end, 2010 December 31, is?
What is the full absorption cost of the opening finished goods inventory? and how can use it to make budget sheet? any example?
Poullus Limited, a high-tech electronics manufacturing. Calculate the relevant cost of building 200 virtual headsets which may help with the pricing decision.
Estimate the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
Using a service company, explain which financial ratios would be applicable to the company and which would not. State the reasons for your assertions.
The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%, what should be the budgeted sales in units?
Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $134,000
Pharma Unlimited is considering a vaccine for the Covid 19 new cat nip factory with the cash flows, if the discount rate is 7%, what are the PI and the IRR?
The product sells for P15 and has contribution margin of P4. Its fixed costs is P56,000. Compute for the effect on the firm's operating income
Assets totalling $8 million and current liabilities totalling $400 000. The weighted average cost of capital is 10 per cent. What is the economic value added?
Determine the total cost per unit for each product using traditional job-order costing and determine the total cost per unit for each product using activity based costing
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