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Alexander S. Corporation uses a standard costing system and applies its fixed manufacturing overhead (FMO) costs to products based on the number of machine hours. Last year Alexander S. incurred a total actual FMO $53,000 when produced 12,000 units. The FMO was over-applied by $7,000. When analyzing the cost variances, the chief accountant determined that there was a favorable $5,835 FMO production volume variance.
Problem 1: What was Alexander S.'s budgeted production level in units for the past year?
Solve the total profit for product CM if further processing is carried out (You may assume that joint costs are allocated on physical unit basis).
How many wedges must Division Z sell each year to generate the desired rate of return on its assets
It should be noted that included in the above costs incurred to date were standard electrical and mechanical materials stored on the job site, but not yet installed, costing $105,000. These costs should not be considered in the costs incurred to d..
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Which Regarding job-order costing and process costing? Job-order costing is better in the long run. / Are not acceptable for external financial accounting need
Due to changing technology, sales department is having difficulty selling product. It cost $500 to scrap the units. The company should consider any price over
Evaluate the annual savings needed to make the investment realize a 12% yield? What would be the allocated costs for each product?
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