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Question - Mackenzie, Inc. has collected the following data. (There are no beginning inventories.)
Units produced 700 units
Sales price $120 per unit
Direct materials $50 per unit
Direct labor $15 per unit
Variable manufacturing overhead $6 per unit
Fixed manufacturing overhead $19,800 per year
Variable selling and administrative costs $5 per unit
Fixed selling and administrative costs $18,400 per year
Required - What is the ending balance in Finished Goods Inventory using absorption costing if 500 units are sold?
Find What is Jupiter's cost of direct materials used during the year? Beginning work in process inventory 4,000. Ending inventory 12,000
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Natalkuz Industries has prepared a budget for August, with production of 125,000 units of its product. How many hours were actually used during the month
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The actual production of 2,100 units used 1,580 direct labor hours at a cost of Rs. 6.90 per hour. Calculate the labor efficiency variance
Chen Company's Small Motor Division manufactures, Find out the minimum acceptable price for the transfer of smal motor LN233 to the house hold division
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Which of the can be classified as Current Asset? Cash and cash equivalent , Accounts Receivable, Inventory, Prepaid Insurance.
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