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Particulars process A process B
Materials 30000 3000
Labour 10,000 12000
Overheads 7000 8600
Input(units) 20000 17500
Normal loss 10% 4%
Sale of waste rs1 rs1
per unit
There was no opening or closing stock or work in progress.final output from process B was 17000 unit.
Which is not an example of a variable cost? Straight-line depreciation on a machine expected to last 5 years./ Commissions paid to sales personnel.
Determine the budgeted factory overhead allocation rate based on direct labour-hours and compute the amount of under-or-overallocated overheads.
The grandfather did no have any gift taxes due. One year later, Kathleen sold the land for $110,000. What was her gain or loss on this transaction? a) ($5,000) b) $25,000 c) no gain or loss d) $20,000
Compute the revenue effect of the Growth component and indicate favorable or unfavorable.Ratliff Appliances Company make a household appliance with model number
KLM Corporation's quick assets are $5,983,000, its current assets are $12,465,000 and its current liabilities are $8,059,000. Its acid-test ratio equals:
On January 1, Weatherholt Inc. issued $3,000,000, 9% bonds for $2,817,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Jean Loptein uses the effective-interest method of amortizing bond discount..
hasselback inc. produced 175000 units and prepared the following income report using absorption costing numbers in
Compute the tax payable or re-payable by Michael Selby and by Josie Selby for 2013/14
Journalize the entries to record the adjustment of the assets to bring them into agreement with current market prices and the withdrawal of Winner from the partnership.
part a investing in related entities compare the accounting treatment of dividends appropriated from pre-control and
find that the interest charge of $17,000 (or .136*$50000*2.5 years) is added to the $50000 for a total amount of 67000. The payments are $2233.33 a month. What is the approximate effective annual interest rate?
Interest revenue, Cash, Fair value adjustment-AFS (ST), Unrealized gain-equity, Unrealized loss-equity, Short-term investments-AFS(ST), Gain on sale of short-term investments, Loss on sale of short-term investments
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