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Question - A work measurement study was carried out in a firm for 10 hours and the following information was generated. Units produced: 350 Idle time: 15% Performance rating: 120% Allowance time: 10% of standard time. What is the standard time for task?
Explain the essential differences between perpetual and periodic inventory systems. Give your own examples of products/situations suited to each
Prepare the journal entries for the year ended 30 June 2012 to account for the above transactions.
How create a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.
What is the material price variance at point of purchase? During the year the company acquired direct materials at P8 per unit for a total cost of P15,000.
Understand how fixed and variable costs behave and how to use them to predict costs, analyze a mixed cost using the high-low method and prepare an income statement using the contribution format.
Estimate the lowest selling price that the company can sell all monthly production and achieve the target profit set by the cost accounting manager.
Suppose that in addition to the basic contract, Brown Thumb will be paid an additional $3,000 if its city landscape design wins the annual designer competition next year. Should Brown Thumb accrue $3,000 revenue this year? Why or why not?
Find per unit overhead cost of Product D if ABC costing were used is? Overhead costs include setups P450,000; shipping costs P700,000 and engineering costs P900
Find What is the amount as joint product cost to be allocated to the joint products if Walker, Inc., allocates joint costs to joint products
cost pool systems classify some direct costs as indirect costs
Morton Graphics successfully bid on a job printing standard, Last year had a healthy income." What could explain the company's loss in income this current year?
Find How can a company with multiple products compute its breakeven point? Discuss the question and find solution. Provide the suitable example.
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