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Questions -
Q1. Perla Company has projected cost of goods sold of P4,000,000 including fixed cost of P800,000. Variable costs are expected to be 75% of net sales. What will be the projected net sales?
Q2. A company sells a product for $9.00 which has a variable manufacturing cost of $3.00 per unit. Last year, the company needed to sell 20,000 shirts to break even. Assuming the company is subject to a 40% tax rate and wishes to earn $22,500 profit after tax for the coming year, what sales will be required?
Compute the amount of under applied or over applied overhead cost for the year. Purchases of raw materials (both direct and indirect).
What is the name of the variance for the fixed overhead variance? ABC co. has the following standard transportation costs. 1-10,000
The company expects to start the first quarter with 1,800 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 10% of the next quarters budgeted sales.
When the corporation sends out its 1099-DIV forms to its shareholders, how much of the distribution will be taxable to the shareholders as dividends?
Washers, dryers, and other equipment needed to open the laundromat would cost $183,000. In addition, $1,000 in working capital would be required to purchase an inventory of soap, bleaches, and related items and to provide change for change machine..
If BluStar outsources the Accounting Department, what is the maximum it can pay an outside vendor without increasing total costs?
Direct labor peso cost, and 40% of the overhead is fixed cost. A decision to manufacture component X will result in a gain or (loss) for each component of?
For each of the following independent situations, calculate the minimum transfer price, and discuss whether the internal transfer should take place or whether the Personal Communications Division should purchase the pager externally.
How do Prepare a Schedule of Cost of Goods Manufactured in good form for September. Pamer Corporation has provided the data for the month of September
Explain how fixed manufacturing overhead costs are shifted from one period to another under absorption costing.
Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective.
Contract costing- Cost plus Contract and Fixed Price Contract. In today's market condition which method of costing will you adopt and why?
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