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Assume you're a product manager for a large, profit-seeking, manufacturing firm. Specifically, you manage 'product #3'. Information about the firm's product costs is provided below:
Product #1
Product #2
Product #3
Direct Materials
$140,000
$ 70,000
$90,000
Direct Labor
$210,000
$130,000
$60,000
Overhead
?
The three products use 4,200; 3,250; and 3,000 direct labor hours (respectively). Overhead costs are determined based on a single cost driver. Which of the following cost drivers would you select?
a. Direct Materials Dollars -
b. Direct Labor Dollars -
c. Total Direct Costs -
d. Direct Labor Hours -
e. Machine Hours -
What is the overall completion percentage for the WIP as to direct materials at the end of period?
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upward revaluation of non financial assets
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Locate the annual financial statements of a publicly held company on the Internet. Review the balance sheet and the accompanying notes to the financial statements.
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Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)
Compute the price of the bonds on their issue date. The following information is taken from present value tables: Present value of an annuity for 10 periods at 3%..8.5302
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