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Question - The following data were taken from the records of a company.
Period 1 Period 2 Period 3
Production (units) 30,000 38000 27000
Sales 30,000 27000 38000
Opening stock 11,000
Closing stock ------ 11,000 -------
Per unit cost are as follows:
Direct material $1.5
Direct labor 1.0
Production overhead 3.0
Selling price per unit $9
Administrative overheads are fixed at $25000 and one third of the production overheads are fixed.
Required - Prepare separate income statements for all three year?
Calculate the standard quantity of direct labor for one quilt. Caro-Lind Inc. manufactures personalized baby quilts. An experienced embroiderer can personalize
Calculate the gross profit and gross margin as % of each product , using alternative methods to share the joint cost,They were no opening or closing stock.
the alta company is constructing a production complex which qualifies for interest capitalization. the following
Which of the following would not be a component of cash flows from investing activities? a. Sale of land. b. Purchase of securities. c. Purchase of equipment. d. Dividends paid.
Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate
MFE 6100 -Based on the information available to you, complete the Purchases Budget worksheet below. Check figures are: January Budgeted Purchase for Next Month Sales = $132,470; March Inventory Needed to be Available during Current Month = $194,09..
Discuss the above and explain the difference between payback period, discounted payback period and the Net Present Value (NPV) of a given project.
What current receivable balance? Pepito Company sells on terms of 3/10, net 30. Gross sales for the year are P1,200,000 AND THE COLLECTION DEPARTMENT
Approached the company and proposed a one-time purchase of 3,000 jerseys for $8 each. Should Jerseys, Inc., accept the proposal? Explain
The annual demand is 250 sheets. What should the order size be every time that an order is placed to minimize total annual cost?
Would it be profitable for this company to increase fixed costs by $ 10,000 for advertising campaign in order to increase sales volume by 5%?
This year Best Company earned a disappointing 5.6% after tax return on sales ( net income/ sales) from marketing 100,000 units of its only product.
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