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1) ABC limited sells its product at 3 rupees per unit. The company uses a First-In First-Out actual costing system. A new fixed manufacturing overhead allocation rate is computed each year by dividing the actual fixed manufacturing overhead cost by the actual production costs. The following simplified data are related o its first two years of operation: Year I Year II a) Sales(units) 1000 1200 b) Production(units) 1400 1000 c) Costs: ? ? • Variable manufacturing 700 500 • Fixed manufacturing 700 700 • Variable marketing and Administration 1000 1200 • Fixed marketing And administration 400 400
Required: Prepare income statement based on: Absorption costing
Calculate the goodwill that should appear in the consolidated balance sheet of Pin and Subsidiary at December 31, 2011 and calculate consolidated net income for 2011.
Evaluate the subsequent for Hilton Company: Current cash debt coverage ratio, Cash Debt coverage ratio, Free cash flow
Find what is Justin's adjusted tax basis for his partnership interest immediately after the partnership is formed and evaluate what is the partnership's adjusted basis for the property contributed by Justin?
part-1the following information pertains to the wong corporationspecific
US GAAP follows the Historical Cost Concept in the valuing of long-Term Assets.
Expected sales for the year ended December 31, 2012 are based on actual sales to date and budgeted sales for the duration of the year.
What is the amount of net decrease in cash during the month and what is the amount of net increase in retained earnings during the month?
Discuss the actions of Leo in relation to the new company. Does the new company have to pay the lease and if so what would be the procedure?
Plant capacity in terms of machine hours used will increase by 4,400 hours. Compute the overhead rate for next year.
Prepare an income distribution schedule to show how the $105,000 partnership net income for 2011 should be divided.
What is the annual breakeven point in units sold and revenues - Break-even point in units = Fixed cost/(Selling price per unit
Prepare a cash budget for December, January and February. When will Jodie products be able to repay the loan?
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