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For the current year, PMM Inc., had sales of 75,000 units and production of 103296 units. Other information for the year included: Direct manufacturing labour $225813Variable manufacturing overhead $84648Direct materials $132549Variable selling expenses $100,000Fixed administrative expenses $100,000Fixed manufacturing overhead $220936
There was no beginning inventory.
Question 1: The ending finished goods inventory under absorption costing is
Briefly discuss the features of standard costing as a planning and control system and Discuss what target costing is and compare and contrast it from standard
Assuming that 90,000 drums are needed each year, what is the financial advantage (disadvantage) of buying the drums from an outside supplier?
GH are arguing about the best way to calculate the break-even point in this multi-product scenario. Each has their own method they would like to use.
Proposals L and K each cost $500,000, Compute the cash payback period for each proposal. Round your Proposal K answer to one decimal place.
Demonstrate and Calculate cost of goods manufactured. During the year, the company purchased $100,000 of raw material and incurred $340,000
Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No. 407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
A. Use the high/low method to determine the company's utility cost equation. B. What would be the expected utility cost of producing 120,000 units? (The relevant range is 85,000 to 125,000 units of production.) C. Using the data shown and a sprea..
1.Refer to Piaggio's financial statements in Appendix A. Compute its debt ratio as of December 31, 2011, and December 31, 2010.
Prestige Computers is trying to decide whether to produce and sell a new home computer software package that includes the ability to interface with a sewing machine and a vacuum cleaner. There is no such software currently on the market.
The project will be considered an on-going project going on forever. If the cost of financing this project is 6%, then the NPV of the project is
Should the company make or buy the engines? Explain your approach to the problem, perform relevant calculations and analysis, and formulate
What are the classifications of operating assets? How do they differ from one another? How does the cost concept affect accounting for operating assets? Under this concept, what is included in the cost of a fixed asset?
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