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Question - The following particulars relate to a contract account:
Materials sent to site 95,500
Labour 84,200
Direct expenses 4,165
Establishment charges 3,152
Materials returned to store 542
Plant 15,000
Work certified 1,95,000
Work not certified 4,500
Materials in hand at the end 1,890
Wages accrued 2,400
Direct expenses accrued 240
Value of plant at the end 11,000
Contract price 2,50,000
Cash received 1,80,000
Required - Prepare contract account, contractee's account and show how relevant items will appear in the Balance sheet.
The company obtained land, build a production facility, and invited selected vendors on site.What can be the benefits of adopting the industrial park concept?
Evaluate the cut off score for gaining admission and evaluate the probability that they have a mean height greater than 63.0 in.
Prepare the consolidated financial statements of Eco Ltd at 1 July 2017, immediately after the business combination and Prepare the consolidation worksheet
Find the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the revenue to allocate administrative costs.
Explain the statement by elaborating different qualitative and quantitative methods of demand forecasting
Determine the value of the companys inventory under the lower-of-cost-or-market approach - Bardell Company sells three different categories of tools
What is the balance in Paid-in Capital from Sale of Treasury Stock on December 31, of the current year
Any difference between book value and the value implied by the purchase price relates to Smith Company"s land. Peters Company uses the cost method to record its investment.
Balance sheet and briefly explain the proper treatment of any item criticized - balance sheet of Rubber Industries:
ACC207 Cost Accounting Assignment, Southern New Hampshire University, USA. Complete schedule of expected cash collections from sales
Purpose the Income Statement for the year ended December 31, 2008 and Prepare the Statement of Retained Earnings for the year and purpose the Balance Sheet at December 31, 2008.
Recommend one (1) approach that your selected company can take to lower either the direct labor or direct material costs of technology products
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