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XYZ Engineering Services Ltd is asked to provide a quotation to replace the cylinder head for the engine of a machine in a local factory. The items will need to be cast in a foundry and then passed to the finishing shop for machining to specification.
REQUIRED:
Question A. Prepare a job cost sheet showing the estimated cost of the job.
Question B. Describe two (2) other documents that are used with a job costing system.
Question C. Cite two (2) examples of work that may be done using specific order costing and two (2) examples of work that may be done using costing for continuous work.
Question D. For the services listed below, select an appropriate cost unit:
i. programming
ii. electricity generation
iii. function facilities
iv. passenger transport
Question E. Distinguish between job costing and batch costing, citing TWO (2) examples of industries that would employ each.
$1000 at the end of 3 years. What is the aggregate present value of these receipts, assuming a discount rate of (1) 4 percent? (2) 25 percent?
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Discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all.- Prepare a sales budget for the LA Babycakes store for the 4th quarter of 2016.
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Calculate - Debt-to-equity ratio - Times interest earned ratio - Debt service coverage ratio- Cash flow from operations to capital expenditures ratio.
Harrison, Inc. acquires 100% of the voting stock of Rhine Company on January 1, 2010 for $400,000 cash. A contingent payment of $16,500 will be paid on April 15, 2011 if Rhine generates cash flows from operations of $27,000 or more in the next year. ..
free trade credit firm receive during the year.filbeck company buys on terms of 215 net 30 days. it does not take
Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2013. Agasse made payments to the general contractor of $400,000 on April 1, $900,000 on August 31, and $500,000 on December 31. Comput..
What is an operating segment as defined by AASB 8? Who is the chief operating decision maker and how are the reportable segments determined?
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