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Question 1: Prepare Cost Sheet from the following information of Cost land Ltd for the period from July 1 to December 31st, 2013.
Particulars July-13 Dec-13
Cost of raw materials 75000 30,000
Cost of work-in-progress 28,000 23,000
Cost of stock of finished goods 40,000 9000
Transactions during six months are:
Purchase of raw materials 2, 50,000
Wages paid 44,000
Factory overheads 30,000
Selling and Distribution overheads 18,000
Sales 12, 00,000
At sales volume of $400,000, return on sales is 10%; at a $600,000 volume, return on sales is 20%. What is the break-even volume?
Respond to assertions by the IRS and counter those assertions with your own and make a convincing argument that information/documentation your client possesses justifies and supports valuation claim.
Compute the most profitable combination of products to be produced next year and prepare an income statement using the contribution margin format for the product volume computed
Show whether each of the costs described would be relevant or not to Swenson's Meats decision about whether to purchase the new machine or to keep the old machine.
Need to build a project safety Monitoring System for Elderly use for project is: room temperature sensor body temperature sensor
Complete the bank statement reconciliation for Acorn Plumbing - The Cash account on Acorn's books showed an amount of $9,816.
Vertical analysis - Use the income statement from Color Copy to perform a vertical analysis with sales as the base.
Prepare journal entries for each of the following events that took place during 2012 and determine the amount of cash received by the Club from the above transactions during the year ended September 30, 2012.
Gross profit
Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied.
Advise the management of Santana Corporation on the potential benefits and costs associated with implementing an Activity Based Costing system.
What is the breakeven level in car seats, assuming the selling price goes up by 10%, fixed selling costs decline by 10%, and other fixed costs decline
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