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Problem - Hikan Pharmaceuticals produces many helpful drugs for patients. Tritan is a popular one. Manufacturing overhead costs from the facility are allocated to each product based on the proportion of direct raw material cost for that product to all raw materials in production at the Hikan facility. For this facility, the total manufacturing overhead is $890,000 per year. The direct raw material cost for ALL materials is $780,000 and Tritan's material cost is $320,000. The facility makes 80,000 units of Tritan/year. The labor cost allocated to each unit of Tritan is $6.70. What price would you need to charge for these units to provide a 25% mark-up over the Cost of Goods Sold?
Maz sold for $3,000 the old equipment that had an undepreciated cost of $2,500. Assuming a tax rate of 40-percent, how much was the cash outlay?
The master budget of Benedict Company shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $240,000, Machine sup..
Compute the gross-margin percentage for each product sold in December, using the following methods for allocating the $96,000 joint costs and show the effect on operating income of any changes you recommend
midwest corp completed the following transactions in 2012 the first year of operation.1. issued 20000 shares of 10 par
Beginning and ending prepaid insurance is $36,000 and $26,500 respectively. During the period, $30,500 of insurance expense was recorded.
March of 2009. Fill in the following chart for each of the given years to show the amount of revenue to be recognized on the income statement and the related liability reported on the? year-end balance sheet. Kidz?'s Corp fiscal year end is December ..
A debt of ?$7450.42 is due March ?1, 2023. What is the value of the obligation on March 1, 2018, if money is worth 3% compounded. Provide the calculations
Read headline "Think before you spend" and then, drawing on material covered in this subject, Accounting Theory, identify some ways in which you think corporations would respond to such allegations.
Calculate the amount of depreciation expense recorded on the equipment for 2005.
Robin Corporation would like to transfer excess cash to its sole shareholder, Adam, who is also an employee. Adam is in the 28% tax bracket, and Robin is in the 34% bracket. However, Robin is considering paying Adam a $25,000 dividend because the tax..
Discuss the effect on the financial statements. Year-end was 31 December x4 and the financial statements were authorised for issue on 15 March x5.
Prepare the statement of cash flows of XYZ Ltd for the year to 31 December 2018.XYZ Ltd had cash and cash equivalents at 1 January 2019 of $400,000.
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