Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
ICI Ltd produced soda ash. That product uses in differentindustries. The property of this product is highly inflammable. Theposition of university at the beginning of year 2007 is as follows.
Inventories at Jan 1, 2007 consisted of:
Particulars Rs
Rs.
Finished
8,000
Work-In-Process
6,000
Material
1,200
Total
15,200
A fire broke out in a factory at July 31, 2007 destroying allwork-in -process inventories.
After the fire, the inventories were valued as follows:
4,000
Finished Goods
7,000
In 2007 the amount of Gross profit is based on average GP tosale ratio of last 5 years 2002 to onward 2006. An analysis of past financial statements reflected as follows.
Year
Sale
Gross Profit
2002
40,000
11,555
2003
45,000
11,132
2004
50,000
13,452
2005
52,000
12,897
2006
60,000
17,654
Date for 7 months to 2007 is given as follows:
Particulars
Sales
20,000
Material Purchase
56,00
Direct labor
FOH
3,000
Required: Calculate the value of work-in-process destroyed by fire in2007. Calculate the value Gross profit in 2007.
tiger computers inc. of singapore is considering the purchase of an automated etching machine for use in the production
kahane co has an inventory conversion period of 51.75 days an average collection period of 41.50 days and a payable
pascal corporation purchases 90 of the stock of salzer company for 2070000 on january 1 2009. on this date fair value
albertville inc produces leather handbags. the production budget for the next four months is july 5000 units august
company has a joint pro- duction process that converts zeta into two chemicals alpha and beta. the company purchases
in 2011 masset sold 3000 units at 300 each. variable expenses were 210 per unit and fixed expenses were 120000. the
There are four important purposes of analytical procedures. Identify one of these four purposes and give a specific example of an analytical procedure that an auditor might perform.
in a crecent period 13000 units were produced and there was a favorable labor efficiency variance of 23000. if 40000
express dining inc. edi is a food delivery service which connects consumers with several restaurants. customers call
What are the issuer's cash proceeds from issuance of these bonds? What total amount of bond interest expense will be recognized over the life of these bonds? What amount of bond interest expense is recorded on the first interest payment date?
lipex ltd. of birmingham england is interested in cutting the amount of time between when a customer places an order
The Division is considering purchasing equipment for $40,000 that will increase sales by an estimated $10,000, with annual amortization of $10,000. If the equipment is purchased, what will happen to the return on investment for the division?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd