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The following data are for the two products produced by Tadros Company. Product A Product B Direct materials $ 14 per unit $ 27 per unit Direct labor hours 0.3 DLH per unit 1.5 DLH per unit Machine hours 0.2 MH per unit 1.1 MH per unit Batches 115 batches 230 batches Volume 10,000 units 2,000 units Engineering modifications 11 modifications 55 modifications Number of customers 500 customers 400 customers Market price $ 35 per unit $ 95 per unit The company's direct labor rate is $10 per direct labor hour (DLH). Additional information follows. Costs Driver Indirect manufacturing Engineering support $ 24,000 Engineering modifications Electricity 21,000 Machine hours Setup costs 43,000 Batches Nonmanufacturing Customer service 74,000 Number of customers Required: (Round your per unit cost answers to 2 decimal places.)
Which method of product costing gives better information to managers of this company? Activity-based costing method Departmental overhead rate method Plantwide overhead rate method.
calculate the missing amounts for each of the following firms do not round your intermediate calculations. negative
lauer company reported net income of 66800 on sales of 300000. the company has total assets of 500000 and total
Cardon's Boat Yard, inc repairs store and cleans boats for customers. It is completing the accounting process for the year just ended November 30, 2912, The transactions during 2012 have been journalized and posted. The following data with respect..
1. which of the following is not a financial market?a. bond marketb. a market in which small business owners buy and
The company's accountant determined that an appropriate allowance of $9,000,000 should be established. Ignore income taxes. i) Is this a change in accounting principle, change in estimate, or a correction of an error?
The cost of the cloth is $3 per yard. The standard direct material cost for cloth per unit of finished product is:
The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be
What happens if a company is completely wrong and they lose a huge lawsuit from actions from a prior period. Should they go back and amend that prior year to show the estimated liability? Why or why not?
after the accounts are closed on february 3 2014 prior to liquidating the partnership the capital accounts of william
A firm leases equipment under a capital lease (analogous to an installment purchase) that calls for 12 semiannual payments of $39,014.40. The first payment is due at the inception of the lease. The annual rate on the lease is 6%. What is the value..
assume that 80 of the cost of revenue and 30 of the selling general and administrative expenses are variable to the
After taking a physical count, we find that we have 14 units on hand. Determine the ending inventory cost by the (a) FIFO method, (b) LIFO method and (c) weighted average.
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