Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are required to construct a selling-overhead budget from the following details:
Establishment expenses of the sales department
30,000.
Other expenses of the sales department
12,000.
Advertisement
9,000.
Salaries to counter-salesmen
Commission to counter-salesmen at 2% on their sales.
commission to travelling salesmen at 5% on their sales and out-of-pocket expenses at 3% on their sales.
The following are the likely sales range for a year.
Sales as counter
Sales by travelling salesmen
Rs. 3,00,000
Rs. 30,000
Rs. 4,00,000
Rs. 40,000
Rs. 5,00,000
Rs. 50,000
Use the following format to classify each cost as a product cost or a general, selling, and administrative (G,S,A) cost. Also indicate whether the cost would be recorded as an asset or an expense. The first is shown as an example.
As the management accountant, you are responsible for setting costs for your manufacturing company's products, prior to setting the budget for the upcoming year.
johnson companys costs for the month of august were as follows direct materials 25000 direct labor 30000 sales salaries
Identify the bottlenecks in Mick's production process and suggest how they might be overcome to meet the customers' requirements.
1. outline the effect of perspective on the development of a conceptual framework for financial accounting. give an
Prepare journal entries to summarize the 2009 transactions. As your final entry, dispose of the year-end under- or over allocated manufacturing overhead as a write-off to Cost of Goods Sold.
For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?
What is the overhead cost assigned to Product S5 under activity-based costing? (Round your intermediate calculations to 2 decimal places.)
The job costing system of Johnsons custom shop has five activities which are employed as indirect cost pools
Is it a violation of the Canons of Ethics for an attorney, who is engaged in the practice of criminal and civil law to be engaged in the business of making bail bonds under an assumed company name and to advertise such business in the telephone di..
Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.
AC 505 Case Study I, Determine the amount of cost in the Raw Materials, Work in Process, and Finished Goods Inventory as of the date of the storm. ( Hint: You may wish to reconstruct the various schedules and statements that would have been affecte..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd