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Question 1 - A Corp produces main products X anu Y. Units produced are 4,000 and 1,000 units, respectively. Both products are processed further by incurring FC or Separable cost of 50 each. Joint Cost is 200 and allocated based on the Qty produced (Physical measurement). What is the total cost of product X?
Question 2 - X Corp uses ABC system. Overhead rates under ABC are: 10 per machine hour; 10 per direct labor hour and 10 per set up. Product X has the following data: 1,000 units produced; 15 direct labor hours, 12 machine hours; Direct labor rate of 8 per hour and 3 set ups. DM used is 100. What is the conversion cost under ABC?
Journalize the adjusting entry to update the Allowance for Doubtful Accounts for the new year using the Analysis of Receivables Method
Annapolis Company completes job #601 which has a standard of 520 labor hours at a standard rate of $19.60 per hour. The job was completed in 620 hours.
Jake has taken out a loan for 4000 dollars and is required to pay it back in 3 years. How much will Jake have to pay back
Write a letter to Paul and a memo for the tax research files explaining the following for the two alternative expenditures
XYZ International has just offered you a position in their office in China. How will you respond? What are your concerns? What about your family? How long will the relocation be?
Coronado Corporation has the following accounts included in its December 31, 2017, Prepare the current assets section of the balance sheet
How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?
Suppose that price of the silver is $26.20 per ounce on May 15, what is the total amount realized by the producer using hedging strategy
Average accounts receivable (net) 64,240. Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables
What are three characteristics of a sole proprietorship? Are these characteristics the same as or different from those of a partnership
superior door company sells pre-hung doors to home builders. the doors are sold for 60 each. variable costs are 42 per
the information below relates to the cash account in the ledger of robertson company.balance september 1-17150 cash
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