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Question:
A company produces and sells a single product, the standard unit cost details of which are as follows:
Direct material 2 kilos x Rs4.5 per kilo Direct labour 3 hours x Rs5 per hour Variable overhead 3 hours x Rs3 per hour
The total fixed overhead is budgeted at Rs90,000 per month and is absorbed on a rate per unit basis. The budgeted output per month is 15,000 units. The product has a standard selling price of Rs50 per unit.
The following activity took place during January and February:
There is an opening stock on 1 January of 3,000 units. Required: a) Calculate the standard cost and profit for one unit of output. b) Prepare profit statements for each month using: (i) Marginal costing (ii) Absorption costing c) Prepare a statement reconciling the marginal with the absorption profit for each month.
Define Accruals or accrued charges What are Accruals or accrued charges - Expenses that are done for the current accounting period which have not yet been paid. These are someti
Q. Evlaute Expected value of sales volume? (17500 × 0·3) + (20000 × 0·6) + (22500 × 0·1) = 19500 units Expected NPV = (((19500 × 1·35) - 10000) × 3·605) - 50000 = $8852 W
received 16,000 contribution in exchange for common stock
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Alexandria Co. Ltd has an authorized capital of Rs 25,000,000 divided into 250,000 equity shares of Rs 100 each. 100,000 shares were issued to public and Rs 80 per share were paid.
Interest on Zeroes: Tesla Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 25-year zero coupon bonds to raise the money. The required
DISCLAIMER OF ONEROUS PROPERTY 1) Effect of disclaimer The trustee may disclaim onerous property consisting of: Land burdened with onerous covenants; Stocks and shares;
Q. What do you mean by Married Taxpayers? Married Taxpayers - Taxpayers who are married may file a JOINT RETURN, thus combining their INCOME and expenses. Individuals would be
Options with discontinuous payoffs are called Binary options. An example is the cash-or-nothing callwhich pays nothing if the stock price at the maturity of the option is below the
Trust There is no generally accepted definition of a trust, although many have attempted. Underhill defines a trust as"an equitable obligation binding a person (who is called a
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