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XYZ ltd. which absorbs overheads at predetermined rates provides you the following information:
Overheads actually incurred ?200000
Overheads absorbed ?150000
Goods sold 13000 units
Stock of finished goods 10000 units
Stock of work in progress 10000 units (20% complete)
Question 1: Unabsorbed overheads were due to rising price levels. How would under absorbed overheads be treated in cost accounts?
Prepare a schedule of cash receipts for September.
Morse Inc. is a retail company that uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory.
The Latham Company provides the following standard cost data per unit of product.
List you departure-airport and destination-airport. What are the two fares? What is the difference between the two fares? Why do you think there is a difference in the fares?
Acquisition of R&D equipment with a useful life of 4 years in R&D projects $640,000 Start-up costs incurred when opening a new plant 132,000 Advertising.
Compute the net cash provided by operating activities for Year 2 and Compute the free cash flow for Year Briefly explain why cash declined
The following information was obtained from the records of the first processing department of Bapst Corporation for the month of May.
Second is. Made two months van lease payment in advance $2400. Third is. Billed customers for cleaning upholstery $2680. Forth is. Received $1200 from the customers billed on august 21. Please tell me with debit and credit.
What is the gross profit of product Y assuming the physical units method is used
Create a report for the board that either recommends the proposed changes or does not recommend the changes.
if the division is closed, that sales at the Bud division will increase by 20%, and that sales at the Er division will stay the same.
Prepare journal entries for the two stock issues and prepare journal entries for the cash dividend declaration and payment.
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