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Question - The normal capacity of an entity is 350 000 units per annum. The raw material cost is R220 per unit and direct labour is R250 per unit.
Variable production overheads are R60 per unit and fixed production overheads incurred amounts to R 5250 000. The crossing balance of finished goods is R9500 units (assume there is no opening balance).
Which amount is the correct cost sales figures if the actual production was 280 000 units for the year?
USAco, a domestic corporation, has a branch in Canada. The functional currency of the Canadian branch is the Canadian dollar (C$). The Canadian branch pays C$100,000 of Canadian income taxes during the taxable year. For foreign tax credit purposes, U..
Find Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest)
Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities)
Sales for Harlem Tool & Die during 20X1 were $600,000, 75% of them on credit and 25% for cash. During the year, accounts receivable increased from $56,000 to $67,000, an increase of $11,000. What amount of cash did Harlem receive from customers durin..
Accounting principle changes is an interesting topic to deal in accounting because of its advantages and disadvantages. Please elaborate how the company has handled the change and how it was shown in the financial statements.
A company paid $0.80 in cash dividends per share. Its earnings per share is $4.52 and its market price per share is $26.00. Its dividend yield equals (Round you answer to 2 decimal places)
What is the effect on the existing partners' capital accounts if a bonus is paid to a new partner upon admission into the partnership?
2000 is deposited into a newly opened fund on January 1, 1999.- Calculate the balance of the fund on July 1, 1999, immediately before the deposit is made
A company purchased a delivery van for $30,000 with a salvage value of $6,000 on January one, Year 1. It has an estimated useful life of 6 years or 60,000 miles. The van was driven 13,000 miles in the first year. Using the units of production method,..
If he opens the restaurant at t=0 and sell entire ownership of the restaurant to Peter at t=0, with what price can John sell the ownership?
What is Terry's basis in the sports memorabilia? Terry has basis in Bulldog Bar, a partnership, of $15,000. He received a distribution of a piece of appreciated
How to calculate the Bade debt expense. At the beginning of the current period, Splish Brothers Corp. had balances in Accounts Receivable of $190,800
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