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Question - On July of the current fiscal year ended December 31 stone co acquired a patent for $75000 and mineral rights for $250000 the patent which expires in 7 years is expected to have value for 5 years the mineral deposit is estimated at 500000 tons of pre of uniform grade present entries to record the following for the current year (a) amortization of the patent. (b) depletion .assuming that 75000 tons were mined during the year.
Critically discuss the criticisms of traditional budgeting and evaluate the two approaches. A good report is one that meets both the descriptive.
If the price of the big board is $175 and the small for $140, calculate the profit per unit and the profit margin (return per unit).
30% of the fixed costs allocated to that division could be eliminated. The impact on operating income for eliminating this business segment would be
What percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations and final answers)
Oscar's Outdoor Signage employs, How large must the contribution margin on a sign be to make it profitable to offer the bonuses?
Find what is highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)?
What is the amount of the difference between the variable costing and absorption costing net operating incomes? What is the cause of this difference?
Why might the May 2018 information on total manufacturing costs per kilogram be misleading when predicting total manufacturing costs in June 2018
Calculate the average amount of time that an order for ZeroDirt will wait in line before it is processed (i.e., waiting time). Show your calculations
Explain how traditional cost systems, using a single unit-level cost rate, may distort product costs.
Jewelita had $3950 in manufacturing overhead costs for February. What was the cost of the direct materials used in production during February
Which activities are done each time a wafer is produced (unit-level activities)? Which activities are done each time a batch is produced? Which activities are done to enable production to take place (product-level activities)?
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