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Using the information below, list profit statements for June and July using (a) margincosting and (b) absorption costing.
A company produces and sells 1 product only which sells for Rs. 50 per unit. There were no stocks at the end of May and other information is as follows: Rs. Standard cost per unit Direct material 18 Direct wages 4 Variable production overhead 3 Budgeted and actual fixed costs per month Fixed production overhead 99,000 Fixed selling expenses 14,000 Fixed administration expenses 26,000 Variable selling expenses 10% of sales value Normal capacity is 11,000 units per month. The number of units produced and sold was: June July Units units Sales 12,800 11,000 Production 14,000 10,200
The total demand (marginal benefit) curve for visiting Yosemite is as follows: Price = 5000-10*NumberOfTrips -10*TonsOfVisibleTrash. a. Suppose the quantity of trash=100 tons. D
mojor elements of cost sheet
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All transfer-pricing methods give the similar division operating income. Do you agree? Describe.
Methods Required To Allocate Joint Costs 1) Physical/Unit Measure 2) Constant gross margin rate 3) Net realizable value.
1) Jodie received a $2000 college entrance scholarship. Nine month later Brian was awarded a $2100 academic proficiency scholarship for his outstanding grades in the first year of
Overhead Costs Introduction Overhead costs may be defined like the net cost of indirect materials, indirect expenses and indirect labour. They may happen or be charged to
Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual fixed costs are $630,000. (1) Use t
Your company completed the East Side subdivision. The costs are shown in Figure 11-4. The site concrete labor and outside lighting were done by subcontractors. The grading and exca
on june 2005 20 units of the product in stock the following is extracted from the companys books direct material-200 per unit,direct labour 150 per unit, variable production overhe
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