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1.Compute cost of goods sold for year 2013 using the following information.
Finished goods inventory, Dec. 31, 2012 . . . . . . . . . . . . $ 345,000Goods in process inventory, Dec. 31, 2012 . . . . . . . . . . 83,500Goods in process inventory, Dec. 31, 2013 . . . . . . . . . . 72,300Cost of goods manufactured, year 2013 . . . . . . . . . . . . 918,700Finished goods inventory, Dec. 31, 2013 . . . . . . . . . . . 283,600
What is the standard cost of a single blanket, what was the actual cost per blanket produced during March and what was the direct materials price variance for March
Calculate the break -even point for the year 2007 and calculate the break -even point under each alternative course of action above.
During the recession, the company suffered losses and it was pointed out that the lack of management accounting system was one of the reasons. Implementing Strategic Management Accounting system has been given in the solution
Franklin glass works production budget was based on 200,000 units. Each unit requires two standard hours of labor for completion,. Total overhead was budgeted at $900,000 per year, and fixed rate was estimated to be $3 for each unit.
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part one chimanga changa ltd makes one product in a single process. the details of the process for period 2 were as
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Recognize the decision variables, exogenous variables, performance measure and intermediate variables. Illustrate the relationships between variables identified in part 1. Compute the break-even point
Discuss the advantages and disadvantages of a standard costing system in which the standard direct labour rates per hour are not changed during the year to reflect events such as a new labour contract.
How should the money be distributed - Assuming that the partnership has only $300 instead of $1,500, do any of the three partners have a capital deficiency?
Explain why the uncollectible accounts expense amount is different from the amount that was written off.
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