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Question - X Co. manufactures textiles. Among X's 2021 manufacturing costs were the following salaries and wages:
Machine operators P120,000
Factory foreman 45,000
Machine mechanics 30,000
Required - What was the amount of X's 2021 direct manufacturing labor?
Prepare a classified balance sheet as of December 31, 2012 - Net loss for the year was $2,500.
Assets of the partnership were overvalued instantly prior to MaryAnn's investment.
The equipment has an economic life of 8 years, with an unguaranteed residual value of $10,940. Woods depreciates all of its equipment on a straight-line basis.
What was the effect of the production volume variance on plant operating income? If White's bonus is based on operating income, what concerns should Smith have at this point?
Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.
Why does the four-step process of variance analysis enhance a cost center's ability to control costs? What should be included in a management report to further understandability and comparability when evaluating a cost center?
What is the balance in Dowell's lease liability? An amortization schedule will be helpful in determining this amount.
What direct labor cost should have been incurred to prepare 6,000 meals? How much does this differ from the actual direct labor cost?
The Prepaid Expense account includes a two-year insurance policy purchased on January1, 2015 for $12,000. Claudia has been properly recognizing insurance expense eachmonth (up through August).
Prepare profit/loss account for sales of 200 peices, 300 pieces. Purchase cost 1100 per peice. Sales cost 1800 per piece. Expenses per month
Leaving unchanged the selling price per unit, variable expense per unit, and total fixed expenses. Would you advise adopting this plan?
Brenda has been tasked with creating the cash flow statement for her company. What would total cash from operations be for the year?
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