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Comp. uses a job costing system. The following cost data are available from the books for the year ended 31st, December, 2012: Direct materials I.D 900000 Direct wages I.D 750000 Selling & distribution expenses I.D 525000 Administrative exp. I.D 420000 Manufacturing O.H I.D 450000 Profit I.D 609000 a-Prepare a cost sheet indicating the prime cost, manufacturing cost, cost sales and sales value. b- In 2013 the comp. received an order for a number of jobs.
It is estimated that the direct materials would be I.D 1200000 and direct labor would cost I.D 750000.What would be the price for these jobs if the comp. intends to earn the same rate of profit on sales, assuming that the selling and distribution expenses has gone up 15%. The comp. recovers manufacturing overhead as a percentage of direct wages and administrative and selling and distribution expenses as a manufacturing cost, based on the cost rates prevalent in the previous year.
1. .which terms would make the following sentence true? manufacturing companies that benefit the most from
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If the residual value of a leased asset is greater than the amount guaranteed by the lessee, the lessee:
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the international auditing and assurance standards board iaasb is an independent standard-setting body that serves the
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How have the Australian courts approached the issue of which which proceeds of a business will constitute the 'ordinary incidents' orordinary proceeds' of a business?
Suppose instead that SSC has just made a $50 million distribution in the form of a stock repurchase. Now what is SSC's intrinsic value of equity? How many shares did SSC repurchase? How many shares remained outstanding after the repurchase? What i..
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