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Problem 1: For a fixed cost, as volume increases:
Select one:
a. total fixed costs remain constant and fixed costs per unit decrease.
b. both total fixed costs and fixed costs per unit remain constant.
c. the cost behaviour depends on the type of fixed cost involved.
d. total fixed costs remain constant and fixed costs per unit increase.
The bonds will mature in seven years. Using the PV function in Excel, compute the price Shriver Paid (the present value) for the bond investment.
Create journal entries to record the incurrence of production costs, completion of job number A26 and the shipment of 900 cuddly koalas.
Comment on the change in financial performance between 2011 and 2012. Break ROI down into profit margin and investment turnover.
Prepare a schedule showing the allocation of service department costs to other departments. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Do not round intermediate calculat..
Prepare a flexible budget for output levels of 3,500 locks, 5,000 locks, 7,000 locks and 12,000 locks for the month ended December 23, 2015.
What is the internal rate of return of the investment, assuming an inflation rate of 4 percent applicable to labor and costs other than depreciation? Should the company make the investment if its cost of capital is 10 percent?
How many units must be produced and sold to meet the target cost per unit?
The following information describes a company's usage of direct labor in a recent period.
Identify four (4) issues (accounting or otherwise) in the above case that may have an impact on the planning of the audit of BHP for the year ending 30th June 2012.
Standard machine-hours allowed for the actual output - 5500 machine-hours. Calculate the FOH Budget Variance and FOH Volume Variance
Two comments frequently are mentioned in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances."
What is the break-even point per month in sales dollars? What level of sales dollars is needed for a monthly profit of $60,000?
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