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Question - Cost of production report normal spoilage, Malamud company uses process costing. All materials are added at the beginning of the process. The product is inspected when it is 80 percent converted, and spoilage is identified only at that point. Normal spoilage is expected to be 5% of good output. During march, 10500 units were put into process. Current costs were 52500 for materials, 39770 for labor, and 31525 for factory overhead. The 3000 units still in process at the end of march were estimated to be 90% complete. All spoilage was normal. A total of 7000 units were transferred to finished goods. Make a cost of production report for March.
A company purchased $3,300 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $365 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
11.5%, 18%, -12%, -16.5%, and 28%. What are the arithmetic and geometric average annual returns for MN. Ltd's over the five-year period?
Gross profit
How do calculate what the budgeted sales will be? Assume that COGS is a variable cost and that operating expenses fixed cost. What budgeted sales for 2012?
Assuming that the product mix is the same at the break-even point, compute the break-even point. What is the anticipated level of profits for the expected sales
However, companies often use a different activity to estimate total variable costs. What types of activities might be used to estimate variable costs?
Prepare a 500-750 word written response to the following: In January 2010, Salem Corporation, purchased $350,000 of new MACRS 5-year property in the US. This equipment was placed in service May 1, 2010. Salem wants to take as much depreciation in ..
When the absorption costing approach to cost-plus pricing is used, what is the markup supposed to cover? What assumption does the absorption costing approach make about how consumers react to prices?
What were the three most challenging concepts presented? Explain your choices in a 2-3 paragraph reflective essay and submit to the week 5 discussion area.
Compute the value of k in the Taguchi loss function. Calculate the estimated quality loss for each of the observed measurements.
Differentiate between Multiple Products, Selling Costs and Margin Management
Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2013, Clark earned a salary of $36,000. He paid $3,500 to a housekeeper to care for his children in his home.
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