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Question 1: A manufacturing company uses 50,000 units per year. The cost per unit is Re.1. Administrative cost per order is Rs.50 per order, carrying cost is 20% on average purchase price. The company currently has optimum purchase policy but has offered 4% discount if they purchase 5 times per year. Should the offer be accepted? If not what counter offer should be made?
A critic of cost allocation noted, ‘‘You can avoid arbitrary cost allocations by not allocating any costs.'' Comment. Discuss reasons for allocating costs to departments.
Prepare a contribution format income statement for thequarter - estimate a cost formula for shipping expense.
Through the year, Designs, Inc. made estimated tax payments of $1,500 each quarter to the IRS.
Prepare the entry necessary to achieve this reporting objective. How would Fuzzy Monkey's 2016 statement of cash flows be affected by this investment?
ACT503 - What is the balance of the deferred tax liability and deferred tax asset, if any, as at 30 June 2018? - Calculate ShouldBeMyOwnWork Ltd's taxable inc
How many units were completed and transferred to the next department during the month - What was the cost per equivalent unit for materials during the month
special revenue fund voluntary non-exchange transactionsthe city of eldon applied for a competitive grant from the
How many units of the new game VCI needs to sell in order to break-even and how much profit each unit of the new game sales will generate?
Prepare a consolidated statement of cash flows for White Ltd Group for the year ended 30 June 2015 in accordance with AASB 107 using the direct method. Show all workings.
Determine equivalent units and the costs per equivalent unit for materials and conversion for the year. Determine the amount of cost that should be assigned to the ending work in process and finished goods inventories.
Journalize the transactions on page J1 of the journal and post the transactions using the standard account form.
What is the cost of the inventory at January 31, 2015 under the FIFO metho?
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