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!
Orchid Ltd. is a small furniture manufacturer. It was established as a family-owned business 30 years ago and prides itself on high-quality products. Most of its products are made to order as a result of direct orders from Internet-based sales. Typically the company has been profitable, operating at the top end of the market; recently, however, costs appear to have been increasing and the company has also seen a decline in its sales. The workforce is highly skilled and recently several of the experienced craftspeople who make the products have retired, and the company has had problems recruiting, training and retaining suitably skilled employees. One of its products, a table, has the following standard costs:
£
Direct materials (8m @ £30/m)
240.00
Direct labour (10 hours @ £25/hr)
250.00
Fixed overheads
160.00
650.00
Selling price
950.00
Standard profit margin
300.00
The table is made from solid oak and the above materials reflect the size of the table in square metres. The labour required to make the table is highly skilled.
The monthly production and sales are planned to be 800 units. The actual results for March were as follows:
Sales revenue
753,300
Less
Direct materials
(192,500)
(7,000m)
Direct labour
(221,000)
(8500 hours)
(130,000)
Operating profit
209,800
There were no opening or closing stocks. The company manufactured and sold 810 tables; this is more than budgeted due to a successful marketing campaign.
Required
Parts 1 and 2 should be submitted as an operating statement, Calculate the flexed and actual budget.
randon house current eps is 6.50. it was 4.42 five years ago. the company pays out 40 of its earnings as dividends and
the same lawyer representing a different client in a civil manner was victorious and will be receiving a contingent fee
dodrill company makes two products from a common input. joint processing costs up to the split-off point total 43200 a
1. Calculate the depreciation that would be reported this year under each of the three methods shown in this chapter. Which of the methods would meet the owner's objective?
in a sect351 transaction ava transfers the following assets to ohagan inc. in exchange for all of its stock asset tax
hanzely corporations balance sheet and income statement appear belowcash dividends were 10. the company sold equipment
at year-end december 31 alvare company estimates its bad debts as 0.40 of its annual credit sales of 945000. alvare
Sarah contributes 25K to a church. Sarahs marginal tax rate is 35%. While her average tax rate is 25%. After considering her tax savings, sarah's contribution cost are?
Calculate net sales, cost of goods sold, gross profit and net income.
Cost flow assumptions FIFO and LIFO using periodic and perpetual systems. The inventory records of Cushing, Inc., reflected the following information for the year ended December 31, 2013:
when you are preparing journal entries and the event is 4000 in supplies were used how do you record that as a debit
In the U. S. Equal Employment Opportunity Commission (EEOC), they got their wireless carrier to agree to the bundled rate plan with shared minutes.
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