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The Super Supply Company manufactures cleaning spray for public schools. During 2012, the company spent $680,000 on prime costs and $540,000 on conversion costs. Overhead is applied at a rate of 150% of direct labor costs. How much did the company allocate (apply) for manufacturing overhead during 2012?
Describe the current costing system and list the potential weaknesses of this system regarding product costing accuracy and cost control and describe the proposed ABC system, the benefits from using it and why those benefits occur.
Theory of Interest- Non-annual interest rates and annuities
Evaluate ending cash balance
Calculate break-even in pounds if the sales price increases by 10% and fixed costs increase by £12,000 and calculate break-even in pounds if total sales increases by 10% and fixed costs increase by 10%.
Is there agreement among the various groups? Describe the issues where there is agreement/disagreement and provide examples.
Discount tables for several different interest (discount) rates that are to be used in any discounting calculations are given below. Assume for questions 2-6 that Hilltop is not subject to income taxes. If Hilltop requires investments to earn an 8% ..
Determine the monthly breakeven sales during the first year of nacho sales, assuming a constant sales mix of 1 hotdog and 2 units of nachos.
Determine the materials price variance (amount and favorable or unfavorable)? Evaluate materials quantity variance (amount and favorable or unfavorable)? Determine the labor rate variance (amount and favorable or unfavorable)?
Bodily had an unused $120,000 net operating loss carry forward from 2011 when the tax rate was 40%. Evaluate bodily's income tax payable for 2013
What is the total estimated manufacturing cost of the by-product using the reversal cost method and what is the estimated manufacturing cost before separation, using the reversal cost method?
What is the breakeven point in (a) sales units and (b) sales dollars and how many units must Peerless Company sell to earn a profit of $600,000 per year?
Determine the equivalent units of production for each cost element in the Creation Dep. for the month just ended and evaluate the average cost per equivalent unit for every cost element.
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