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Problem 1: The following transactions and account balances of MARCELO company are as follows: Manufacturing cost of 1,000,000.00 ; Conversion cost of 600,000.00 ; Sales of 2,500,000.00; Selling and admin expenses of 550,000.00 ; Factory overhead control account of 235,000.00 ; Overhead application rate per labor hour of PHP 6 per hour ; Increase in Work in process account of 120,000.00 ; Decrease in Finished Goods Inventory of 250,000.00 ; Direct labor rate per hour of PHP 10 per hour. Applied Overhead is equivalent to 60% of Direct labor cost. What is net income before tax?
Cost-volume-profit analysis cannot be used if which of the following occurs and eveluate the margin of safety expressed as a percentage of sales?
Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock during the year.
Has the company breached its constitution with respect to residential apartment developments?
Find what volume of pizza sticks is he indifferent about renting or buying the cart? Link wants to make $100,000 after tax on his new venture
Luzent Corporation has two departments, Small and Large. Central costs could be allocated to the two departments in various ways.
mary white dialysis clinic is an independent non-profit-service renal dialysis clinic. the clinic provides two types of
Calculate eight relevant measures that would help assess the performance of each salesman. These measures should be developed from the data given under the following five headings.
Discuss the unit cm in equation form. Discuss the CM ratio in units and in total form. What do you understand by contribution margin
The company plans to raise funds in the short-term debt market and invest the entire amount in additional inventory. How much can notes payable increase without the current ratio falling below 1.50?
If 40,000 labor-hours were worked and the standard wage rate was $13 per labor-hour, what would be the standard hours allowed per unit of output?
From the data determine the breakeven level of output and sales at which level of production total revenue is equal to total cost
Sales revenue, $10,000 of variable costs, and $3,600 of fixed costs. What revenue need to be earned to achieve $15,000 of Operating Income?
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