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Problem 1: James worked a total of 186 hours for the month of June 2020. His rate per hour is working hours of the 450 per hour. Overtime premium is 30%. The company is 8 hours a day. The company's regular working days is from Monday to Friday or 5 days a week. Overtime was due to customer's specifications / order. What is the amount of labor cost charged to WIP?
Prepare strategy map that illustrates the likely causalWhat is a balance scorecard? How does balance scorecard improve the performance for IAMI Company?
You need to produce the Profit & Loss Account and Balance Sheet for the company and also to calculate the Net Profit to Turnover ratio and the ROCE (Return on Capital Employed).
Using the same markup percentage as in Requirement a, calculate the new selling price.
Materials cost of P27,000 and conversion costs of P40,000 were charged to Department A in October. What were the total costs transferred to Dept. B?
Determination of appropriate inventory flow method for Perpetual System and journalization and Posting to T accounts of Daily transactions
How are the unused resources measured? How does activity-based management use the hierarchy of costs? Would you expect companies that adopt ABC to add value to shareholders?
Variable Costs 176,000. What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable?
Advise the company whether it would be more economical to buy or make the new parts and Would your answer be different if the requirement of new parts was only
A corporation is considering purchasing a plant asset. The present value of these future net cash flows is $90,919. Calculate the net present value
How does cost accounting differ from financial accounting and how, if at all, does the difference impact the ethics involved in serving in either role?
Enciso Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $31,000. Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000.
Compute the physical units of production and compute equivalent units of production for materials and for conversion costs and determine the unit costs of production.
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