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Problem 1: Bambie Ltd. applies overheads based on direct labour hours. The company has budgeted 50 000 direct labour hours at a cost of $10 per hour, and manufacturing overhead of $750 000 in the assembly division for the year. The actual direct labour hours used for the year turns out to be 47 000 hours. What is the applied overhead for the year?
Select one:
a. $705 000b. $70 500c. $750 000d. $500 000
Explain the accounting treatment for the cost incurred during the research and development phase in accordance with MFRS138 Intangible Assets.
company doesn't ring up sales taxes separately on cash register total receipts for october amounted to $18900. if sales tax rate is 5%, what amount must be remitted to the state for October's sales tax?
Sproull Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 10,700 Variable costs per unit: Direct materials $ 134 Direct labor $ 72 Variable manufacturing overhead $..
If the sales tax rate is 5% and the register total amounted to $262,500, what is the amount of the sales taxes owed to the taxing agency?
Determine and Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions)
What the company inventory balance at the end of fiscal 2013 is? Beginning Inventory, January 1, 2013: 130 units @ $10.00. Purchase 200 units @ $12.00
Beginning operations in Jan 1, 2012 A corporation completed number of transactions during 2012 and 2013 that involved credit sales, accounts receivable collections and bad debts. Prepare General Journal entries to record 2012 and 2013 transactions, a..
A new raw material is available that will decrease the variable costs per unit by 20% (or $3). However, to process the new raw material, fi xed operating costs will increase by $100,000. Management feels that one-half of the decline in the variable c..
Borkenstick makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have such soles and the Deluxe sandals have cloth covered wooden soles.
Solar Corporation reported taxable income of $400,000 from operations for 20X3. The company paid federal income taxes of $136,000 on this taxable income. During the year, the company made a distribution of land to its sole shareholder, tom soy. Compu..
What isThe firm took more hours than standard hours but controlled machine expenses and The firm controlled machine hours but incurred more expense
Should? Beryl's Iced Tea continue to? rent, purchase its current? machine, or purchase the advanced? machine? To make this? decision, calculate the NPV
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