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Question - The general ledger of LA Manufacturing Company showed these balances at the end of July: Factory labor of P480,000 which includes P288,000 of direct labor; P66,000 of indirect labor; sales salaries of P72,000; and office salaries of P54,000.
The following rates are available for payroll distribution.
Withholding Tax 1%
SSS Contributions 10% (40% employee and 60% employer)
Employees' Compensation Contributions 2% (employer only)
Phil. Health Contributions 2% (50% employee and 50% employer)
PAG-IBIG Contributions 3% (50% employee and 50% employer)
What the journal entry to record labor distribution and the related employer's contribution will include a debit to work in process in the amount of?
Who are the main users of financial reports on profit and financial position of an organisation? Are manufacturing statements an example of periodic or perpetual inventory systems? Explain.
Why use cash flow and not income statement for cost distribution? What is a cash flow diagram and Provide the suitable example.
Determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.
Calculate the overhead cost-allocation rate. Calculate the allocated overhead costs for the job#323? Calculate the total manufacturing costs for the job#323?
Question - A manufacturer reports the following for the month: 1,000 advertising. Determine cost of goods manufactured for the month
The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed costs of new plant is expected to Rs. 4000. The new plant will increase the sales volume by Rs. 40,000. It can be assumed that the ratio bet..
Build a Balance Scorecard for the Finance team at Zynga. Be sure to include what you will measure the teams success on
How many people must attend in order to break even for all five years, in addition to the margin of safety (in attendees) for each year based on projections.
Dawson elects to use the fair value option whenever possible. Assuming that Dawson's net income is $100,000 in 2012 before reporting any securities gains or losses, determine Dawson's net income for 2012.
XYZ estimates that if it issues new common stock, the flotation cost will be 15%. XYZ incorporates the flotation costs into the DCF approach. What is the estimated cost of newly issued common stock, considering the flotation cost
Articles of Partnership stipulated that losses and profits be assigned in the subsequent manner and every partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.
q. aysha development corp. has three divisions. chosen financial information in millions of rials for 2003 and 2004
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