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Comp. uses a job costing system. The following cost data are available from the books for the year ended 31st, December, 2012: Direct materials I.D 900000 Direct wages I.D 750000 Selling & distribution expenses I.D 525000 Administrative exp. I.D 420000 Manufacturing O.H I.D 450000 Profit I.D 609000 a-Prepare a cost sheet indicating the prime cost, manufacturing cost, cost sales and sales value. b- In 2013 the comp. received an order for a number of jobs.
It is estimated that the direct materials would be I.D 1200000 and direct labor would cost I.D 750000.What would be the price for these jobs if the comp. intends to earn the same rate of profit on sales, assuming that the selling and distribution expenses has gone up 15%. The comp. recovers manufacturing overhead as a percentage of direct wages and administrative and selling and distribution expenses as a manufacturing cost, based on the cost rates prevalent in the previous year.
A violation of the profession's ethical standards most likely would have occurred when a CPA:
Which method is approved by GAAP? Why? What are the positives and negatives of each? Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not? What transactions might fall under a dual me..
Explain whether the ratios are leverage or profitability ratios. If a leverage ratio, is it coverage or capital structure? What is the difference between the two? If a profitability ratio, discuss why it is not completely satisfactory for measurin..
During 2001, Company A actually repaired 4,100 players at an average cost of $11.50. What is te amount of product warranty expense that Company A should recognize in 2008?
xyz company sold 30000 units last month and sales totaled 1500000 usd. total variable monthly expenses were 600000 and
four different competent accountants independently agree on the amount and method of reporting an economic event. the
1. on january 1 2013 bishop company issued 10 bonds dated january 1 2013 with a face amount of 20 million. the
The benefits of comparing actual performance of the operations against planned goals include all of the following except:
In our real life, the value of assets cannot be estimated perfectly because we cannot be certain for the future cash flows that the asset generates, and also we cannot be certain for the discount rate.
On this date the company concludes that the equipment has a remaining useful life of two years with the same salvage value. Compute the revised annual depreciation.
write a 750- to 1050-word paper in apa format including citations and references summarizing your ideas about internal
Go Blue's excellent record in account receivable is expected to continue, with 60 percent of the billings collected in the month of the sales and the remaining 40 percent collected two months after the sales.
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