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Question 1: Per FAR's instructions for submitting cost/price proposals when certified cost or pricing data, when a contractor is required to provide certified cost and pricing data, it must provide breakdown for which of the following basic cost elements, as applicable.
a. Training and recruiting costs, and retention bonuses.
b. Indirect costs, charitable contributions, royalties
c. special tooling, contributions to local commercial organizations, materials and services
d. Materials and services, direct labor , facilities capital cost of money (FCCOM))
A factor to be considered in deciding the kinds of departments required for establishing accurate departmental overhead rates with which to control costs is?
Explain the difference between production overheads that have been 'allocated' and those which have been 'apportioned' to cost centres.
advertising activities can be related to products by using activity-based costing. Would allocating these activities to products for financial statement reporting be acceptable according to GAAP?
What is meant by the statement, my company has good operating leverage? How does good operating leverage magnify earnings results with modest revenue increase?
Early in the year we wrote off $65,000 of receivables. Nick, Ray, and I agreed we would lose another $30,000 from the open accounts as of December 31, 20X4. That's reflected in the listing of S&A costs. The allowance for bad debts was just a "squee..
What extent do the actual costing, normal costing and standard costing systems go beyond merely providing cost information, and assist management
What is the current ratio for 2010, what is the quick ratio for 2010 and what is the inventory turnover for 2010?
Describe the effect of the errors on the income statement and balance sheet and is this company profitable? How do you determine whether or not this is the case?
Evaluate how much of the exploration cost will be capitalized and shown as an asset on the company's balance sheet as of December 31, 2013 and repeat process using the full cost method
By appraisal, the fair value was estimated to be $500,000 for the land and $2,000,000 for the building. At what amount should Schwartzkopf report the land and the building at the end of the year?
Wilson is the controller of Apex Picture, Describe Wilson's ethical dilemma. What should Wilson do if Leonard gives him a direct order to include the inventory?
Prepare a bank reconciliation in good form - record the necessary journal entries on the company's books resulting from the bank reconciliation prepared in part (1) above.
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