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A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $ 950,000, and direct labor cost is $ 600,000. Prepare the entry to close over or under applied overhead to cost of goods sold.
Task is to make a 10-12 powerpoint presentation on topic of costing. Explaining what needs to be done to project profits using the traditional income statement if sales were to increase 20%
The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $8. Last month, 5,000 units were produced and 24,500 direct labor hours were actually worked at a total cost of $180,000. The direct..
Post the transactions to T accounts and prepare a trial balance at August 31, 2012.
Calculate the total direct labor cost for the quarter if the company follows its no lay-off policy, but pays time-and-a-half for every hour worked in excess of 960 hours in a month?
what are the ways in which cost be be classified to suit management needs.give examples of the
Prepare a balanced scorecard for Resource by stating the college's mission and matching its four objectives to the four stakeholder perspectives.
Calculate the break-even in units - calculate the contribution margin ratio and calculate the break-even in sales dollars.
Compute Arrows direct material variances and compute Arrow's direct labor variances and prepare a flexible budget for 20,000, 22,500, and 25,000 units of activity.
Assume a division of Hewlett-Packard currently makes 12,000 circuit boards per year used in producing diagnostic electronic instruments at a cost of $37 per board, consisting of variable costs per unit of $25 and fixed costs per unit of $12. Further ..
Compute the number of gizmos needed to break even under present price and cost conditions. Compute how many units would have to be sold to meet the profit target for each of suggested options
Costs may be allocated to a product or activity for many purposes, but care must be exercised when using allocated costs because:
Analyse the potential effects of recent developments in the business or public sector environments on the relevance of management accounting systems.
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