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The follow data relates ot year 20XX for Plano Manufacturing Company:Units produced - 2,000Units sold - 1,800 Selling price - $200 / per unitDirect material costs - $80,000Direct labor costs - $26,000Variable overhead - $18,000Variable selling costs - $6,000Fixed overhead - $40,000Fixed selling costs - $60,000Required:a) Calculate cost of goods sold under throughput costing, variable costing, and absorption costing.b) Calculate ending inventory under throughput costing, variable costing, and absorption costing.c) Calculate operating income under throughput costing, variable costing, and absorption costing.
Describe the manner in which a materials usage variance is divided into mix and yield component variances.
Daisy Ltd has a net profit after tax of $3 400 000 for the year ending 30 June 2012. For the entire financial year Daisy Ltd had two million $1.00 cumulative preference shares on
Using labour cost as the focus, discuss the differences in the measurement of labour efficiency / effectiveness where (i) total quality management techniques and (ii)
A small company employing around 25 people manufactures and sells anthropometric measuring equipment - equipment used mainly in hospitals to measure the height and other dimensions
(i) In terms of cashflow, which month will be the most costly for your project? (ii) If the 3rd and 4th months are more expensive by 25% each because the outsourced labour took
A company is considering the following alternatives: Alternative 1 Alternative 2 Revenues $240,000 240,000 Variable costs 120,000 140,000 Fixed costs 70,000 70,000 Which of the fol
Process of Setting Standards in Standard Costing Establishing correct a standard is extremely important due to the accuracy of the standards usually finds out the success of t
are eploration costs of a mining industry regarded as an asset or expense or both?
how does idle capacity effect cost behavior patterns and factory overhead application methods
draw up statements of affairs to show the profit or loss for the year
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