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!
Q1. In the standard cost formula Y = a + bX, what does the "b" represent?
1. total cost
2. total fixed cost
3. total variable cost
4. variable cost per unit
Q2. Milnes Corporation has provided the following data concerning its direct labor costs for November:
Standard wage rate
$13.40 per DLH
Standard hours
5.0 DLHs per unit
Actual wage rate
$14.00 per DLH
Actual hours
20,120 DLHs
Actual output
4,200 units
The journal entry to record the incurrence of direct labor costs in November would include the following for Work in Process:
1. Debit of $281,400
2. Credit of $281,680
3. Credit of $281,400
4. Debit of $281,680
Q3. A company produces a single product. The following volume and average cost data for two accounting periods have been provided by management:
Number of units
500
$800
Direct materials
$2.00
Direct labor
$1.50
Manufacturing overhead
$2.50
$1.75
Other overhead
$1.00
$0.625
The best estimate for the cost formula for the total cost of producing and selling the product (where X is the number of units produced and sold in a period) is:
1. $1,000 + $1.125 X
2. $1,000 + $3.50 X
3. $1,500 + $3.50 X
4. $1,500 + $4.00 X
Determine the total fixed cost per month
Explain the circumstances under which the retail inventory method would be applied and the advantages of using the retail inventory method.
Purpose an unadjusted trial balance as of April 30, 2007. Set up suitable T-accounts. All accounts begin with zero balances.
Evaluate the total Gross estate and determine the total gross deductions?
Show the Flexible Budget Performance Report
Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.
Evaluate the subsequent amounts for the month of May cost of direct materials used and cost of direct labor used.
Evaluate approximate Activity Cost Driver Rates (ACDR) for the drivers you have chosen.
Determine the payout ratio and the return on common stock equity.
Compute the amount Verna's pension expense for 2013 and prepare the related journal entries.
Prepare a compelling argument to convince a company's partners
Describe the entity's attitude toward systems security and explain its strategies for dealing with systems security issues
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