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Levy Corporation had been experiencing a slowdown in business activities in August and September and is considering temporarily shut down its operations during those months. The accounting department has provided the following normal operating data for consideration:
Unit sales price P150 Unit variable production costs 60 Unit variable marketing costs 10 Monthly fixed overhead 500,000 Monthly fixed expense 200,000 Regular sales in units 10,000 per month Estimated sales in units in August and September 5,000 per month
If the company shut down its operations, the following costs are expected to be incurred
Security and safety P200,000 per month Re-start-up costs P100,000 per set up Regular Fixed overhead 40% of total will remain Regular fixed expenses will be reduced by 30% Problem 1: The shutdown cost amount to __________
Problem 2: The shutdown point in two months is
Prepare a statement of total product cost for a batch of 5,000 golf bags which shows prime cost and production overhead cost as subtotals.
you have just been promoted to the position of customer service manager of passport music designs inc. a manufacturer
How do you determine if your government must have a single audit? Where would you find authoritative guidance on conducting a single audit?
Who is responsible for detecting fraud within an organisation? What is the auditor’s responsibility? What should they do to meet their responsibility? Give specific examples.
Which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs
Compute Widget Design's predetermined indirect cost allocation rate for 2011. Compute the total cost of each job. If Widget wants to earn profits equal to 20% of sales revenue, how much (what fee) should it charge each of these two clients?
Golding Company has decided to offer two types of computers: All-in-One desktops and Laptops. Golding provided the following unit data for each product: All-in-One Laptop Price $640 $400 Unit Variable Cost $520 $304 Projected Sales (units) 2,000 1,00..
Distinguish a difference between managerial and financial accounting on the items listed below. In your response, include an example for the items.
What The factory overhead allocated per unit of Blinks is? Ramapo Company uses a single plantwide overhead rate to apply all factory overhead
How does any university use Accounting Information such as students paying tuition and the school paying its employees, its suppliers, and its taxes?
You observe a stock price of $18.75. You expect a dividend growth rate of 5%, and the most recent dividend was $1.50. What is the required return
Review the National Health Care Billing Audit Guidelines. describe the Billing Audit Guidelines
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