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1. Let's take that we also produce the plastic bottles for containing the water. Would the production of plastic bottles be considered a step within the bottling process, or would the production of plastic bottles be considered its own separate production process?
2. What would incomplete units physically look like at the end of any given part of the process? For example, at end of the distillation process and then at end of the final bottling process
Describe how it is different to statutory income and exempt income and determining whether a fringe benefit
Prepare a report showing the spending variances and company's revenue for December.
Calculation of Contribution margin and gross margin using Marginal costing - The company had no beginning or ending inventories and evaluate gross margin for December
Purpose an income statement showing the byproduct (1) as a cost reduction during production, and (2) as a revenue item when sold.
Evaluate the gain of loss on sale of the 20% interest and prepare the journal entry to record the sale. the balance in purple's investment in Silver account as December 31, 2010.
Determine the rate and efficiency variances for the variable overhead item power cost and point out whether those variances are unfavorable or favorable.
Determine the amount reported as net receivables using the percentage of sales method
Preparation of journal for various transactions in corporate accounting - Purpose the journal entries for the following 2008 transactions. Place your answers below the rest of these questions.
Explain what non-cash transactions does the company have on its cash flow statement? Explain what are some other examples of non-cash transactions?
Evaluate the amount of net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL). Evaluate the amount of net long-term capital gain (NLTCG) or net long-term capital loss (NLTCL).
Decision making as to process further or sale out - Should MSB and CBL be processed further or sold immediately after initial milling
Analysis of acceptance of special order w.r.t relevant - Irrelevant cost analysis. was not considered, is it likely that a correct special order analysis would have been made? Explain your answer.
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