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Several days ago you took your TV set into a shop to have some repair work done. When you later picked up the set, the bill showed a $75 charge for labor. This charge represented two hour of service time-$30 for the first hour and $45 for the second.
When questioned about the difference in hourly rates, the shop manager explained that work on your set was started at 4 o’clock in the afternoon. By the time work was completed two hours later at 6 o’clock, an hour of overtime had been put in by the repair technician. The second hour therefore contained a charge for an “overtime premium” because the company had to pay the repair technician time and a half for any work in excess of eight hours per day. The shop manager further explained that the shop was working overtime to “catch up a little” on its backlog of repairs, but it still needed to maintain a “decent” profit margin on the technician’s time.
Do you agree with the shop’s computation of the service charge on your job?
Bank-Reconciliation-Statement - Purpose a bank reconciliation for December, 2009.
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The remaining hours are worked on a contingency basis. The lawyer wins $300,000 in settlements for his clients of which he receives half. Illustrate what does the lawyer earn during the year after expenses?
What is Phoenix's merge retained earnings balance at 31 st December, 2013?
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Calculate the missing amounts for each division and and provide an example to show how residual income improves decision making at the divisional level
Evaluate the basic and diluted consolidated EPS for the year ended 31 st December, 2014. Use quarterly share averaging.
Based on your experience, you think the unit sales, variable cost, and fixed cost projections given here are probably accurate to ±11 percent. Determine the upper or lower bounds of these projections
What is the amount and character of the profits Dina recognizes as a result of the distribution? Evaluate Dina's basis in the land?
A review of Parrish Corporation's accounting records found that at a volume of 90,000 units, the variable and fixed cost per unit amounted to $8 and $4, respectively. On the basis of this information, illustrate what amount of total cost would Par..
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