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Kimm Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.40 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.60 pounds. Materials cost $1 per pound, but Kimm always takes the 4.53% cash discount all of its suppliers offer.
Freight costs average $0.34 per pound. Direct labor. Each unit requires 2.60 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Kimm's employees is $10.10. Payroll taxes and fringe benefits are an additional $3.20 per hour. Manufacturing overhead. Overhead is applied at a rate of $7.40 per direct labor hour. Compute Kimm's total standard cost per unit.
the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income
brandon company completed an aging of its accounts receivable and came up with an estimated amount of 6342. the credit
Determine operating income for 20X7, assuming the firm uses the variable-costing approach to product costing. (Do not prepare a statement.)
Betty dies on February 20 of the current year. Her estate consisted of the following assets, all valued as of her date of death:
Analyze the agency's compensation for employees. Provide a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In your forecast, (a) discuss the effects of the increase ..
markus inc. produces a specialized machine part used in forklifts. for last years operations the following data were
Kern Company purchased bonds with a face amount of $400,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of..
Peasant's investment account balance at teh beginning of 2006 was $581.000. during 2006 slave reports a net loss of $60,000 yet pays dividends totaling $25,000. Calculate the balance in the investment in peasant account at the end of 2006?
Post the above transactions to T-accounts. Determine the cost of goods sold for the period.
Alternatively, ABC can sell 9.5 percent coupon bonds with a 2-year maturity and $1,000 par value at a price of $950.00. How many percentage points lower is the interest rate on the less expensive debt instrument?
Statistical sampling should always be used in tests of general controls, such as inspecting logs that document program changes, were the auditor wants to review the entire population but uses sampling to choose specific items to investigate a samp..
Compute the margin of safety and margin of safety ratio.
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