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Playtime Ltd produces jigsaws for sale in model shops. The following information relates to the sales and costs of producing the jigsaws.Selling price per unit is £20Variable cost per unit is £10Fixed costs of the period are £800Volumes of production and sales are as follows for periods 1, 2 and 3.Period 1 Period 2 Period 3 unitsunitsunitsProduced 250 200 180 Sold 210 210 210 Held in stock at end of period 40 30 nil 124Part 1Dening, reporting and managing costsRequired(a) Using absorption costing, what is the profit of Period 2?(b) Using marginal costing what is the profit of Period 2?(c) Compare the profit of Period 1 under absorption costing with that calculated under marginal costing and explain the difference.(d) Using absorption costing, calculate the value of closing stock at the end of Period 1. (e) Using marginal costing, calculate the value of closing stock at the end of Period 1.
Compute the predetermined overhead rate using traditional costing with machine hours as the basis and what is the manufacturing cost per stairway under traditional costing?
converse a support department from current or former place of business being sure to address the subsequent points1.
Provide at least 2 examples of internal control procedures, and explain how these procedures can be implemented.
Prepare a cash budget for December, January and February. When will Jodie products be able to repay the loan?
In a probability-proportional-to-size sample with a sampling interval of $10,000, an auditor discovered that a selected account receivable with a recorded amount of $5,000 had an audited amount of $4,000.
Calculate the total fixed costs and write the equation and calculate the operating costs for 800 inspections.
Its earnings are expected to grow forever at a rate of 4% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be?
Prepare First on Alerts bank reconciliation at December 31 - The bank statement also shows a $30 service charge and $20 of interest revenue that First on Alert earned on its bank balance.
Prepare a revised balance sheet for the business giving effect to these differences and Accumulated depreciation would have been $300,000 lower
Prepare a cash budget in good form for June. Clearly show any borrowing needed during the month - Compute the budgeted cash receipts for June.
What is the profit on the position if, at the expiration date of the options, and what is the profit (loss) on the position if, at the expiration date of the options, the price of the stock is $40?
Construct a balance sheet after a two for one stock split. What will be the new price of the stock and construct a balance sheet after a 5% stock dividend. What is the new price of the stock?
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