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B 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.
Assume that the total overhead costs above consist of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 60,000 machine-hour level of activity is:
Peyton's incremental borrowing rate was 12 percent throughout 2011, and the total amount of interest incurred by Peyton during 2011 was $204,000. What amount should Peyton report as capitalized interest at December 31, 2011?. $480,000
the primary operating expenses (such as employee wages, utilities, and repairs and maintenance) for the year were $66347000 with $60200000 paid in cash and the rest on account
break-even. sure care health maintenance organization is seeking a managed care contract with a local manufacturing
Briefly explain the rationale for a sale and leaseback and the advantages for firms engaging in such an exercise.
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
A firm with excess cash and few investment alternatives might logically:
the delivery trucks of italianas pizzeria incurred maintenance costs of 2400 during its busiest month of 2014 in which
Fluent an investor in stocks and bonds wanted to increase his portfolio but wanted to minimize his tax liability on the income from the bonds. He is presented with the following alternative investments: US Series EE bonds, bonds for industrial dev..
1. in 2013 rocio invested 30000 in a cattle-feeding partnership that used nonrecourse notes to purchase 100000
q no.1 on 1st january 2009 white of quetta consignedto green of karachi goods for sale. green is entitled to
A flexible budget for 15,000 hours revealed variable manufacturing overhead of $90,000 and fixed overhead of $120,000. The budget for 25,000 hours would reveal total overhead costs of:
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