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Question 1: Cost Behaviour
Classify the following costs as variable or fixed.
Cost1. Oil consumer by sewing machines at Levi Strauss2. Salary of the financial controller of clothing manufacturer R.M. Williams3. Straight line depreciation of factory machine at Toyota4. Grain costs incurred in manufacturing Sanitarium cereals5. Printed circuit boards used in manufacturing Dell notebooks6. Plant insurance costs of glass maker Pilkington
Question 2: Product Costing
Question 3: Cost Categorisation" Classify the following costs as direct/indirect; period/product; variable/fixed "CostCost of grapes purchased by a wineryWages of drill-press operator in a manufacturing plantSalary of a plant manager in a manufacturing facilitySalary of financial controller of clothing manufacturer
Question 4: Product Cost and Pricing
The medallions are identical except for the materials used in their manufacture. What costing system would you advise the company to use?
Huntersvile Inc., For Huntersville Inc.'s year ended December 31, 2019, statement of cost of goods manufactured and an income statement.
Prepare calculations and provide detailed explanation for all relevant costs and irrelevant costs related to the urgent-order of Coved Ltd.
Determine the cost of food wrapping and book covers if the sales method is used for shipping-box inserts and determine the cost of food wrapping and book covers if the production method is used for shipping box inserts.
tobi industries wishes to undertake a project that will cost r2 500 000. the project has already been evaluated and has
Prepare a perpetual inventory record for Classique Designs, to determine the value of ending inventory at December 31, 2013, and the total amount to be assigned to cost of goods sold for the period.
Compute the project profitability index for each proposal and rank the proposals in terms of preference.
Calculate the fixed production costs absorbed by Claud in the first quarter if absorption costing is used. Calculate the profit using absorption costing.
the information given below relates to the forthcoming period for a manufacturers3939 operation. there are four cost
how much money should I withdraw? If my need for cash increases, will I go to the bank more often or less often? If interest rates rise, will I go to the bank more often or less often?
The amount of this melting water damage was $40,000. Would this policy respond to this loss? If so, how much would be paid?
ariba coffee company roasts and packs coffee beans. the process begins by placing coffee beans into the roasting
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