Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
XYZ Municipality purifies water before it enters the reticulation network. There are presently 3 purification processes available to the municipality. These processes sre referred to as A, B and C. Budgeted costs and purification information for the coming period is as follows:
Service
A
B
C
(all per 1,000 kiloliters)
Costs
Direct materials
R 120
R 100
R 60
Direct labour
R 42
R 28
Equipment hours
6hrs
4hrs
Labour hours
0.1hr
0.02hrs
Output in 1,000 kl
1,200
1,000
800
They are usually produced in production runs of 10,000 kl and distributed to consumers in batches of 5,000 kl. The municipality uses a cost plus 20% mark-up in order to measure prices. Budgeted purification fixed overhead is absorbed using equipment hour rate, and budgeted overhead for the coming period has been analyzed as follows:
Rent, supervision, power and depreciation
R 260,000
Set-up costs
R 150,000
Goods (chemicals) inwards
R 96,000
Quality inspection
R 52,500
Reticulation
R 97,500
Total
R 656,000
Budgeted equipment hours for the period is 16,400 hours
Required:
(i) Measure the budgeted total cost per 1,000 kl for every process, showing clearly the prime
cost, overhead cost and total cost.
(ii) Using your total cost estimates from (a) (i) and a mark-up of 20% on cost, measure the
budgeted price per 1,000 kl of every of the 3 processes.
Trustee's duties in administering the D of A 1) To carry out the trusts of the D of A and to distribute the property assigned to him in accordance with the provisions of the D of
Absorption costing is a cost accounting method that tries to charge all direct costs and all production costs of an organization to specific units of pr
Interest revenue: At the end of 2012, a manufacturer sells machinery to a customer for $90,000. $30,000 is paid immediately, and the customer signs a promissory note for the r
The time t= 0 continuously compounded term structure of interest rates is given by R(0 , T) = 0. 05 - 0. 005 e - 0.10 T . Find the price of a Treasury bond with exactly 3
Changes in accounting estimates In preparing financial statements, it may be difficult to arrive at exact values for certain items to be presented in the financial statements and
I need some guidance in how certain events are to be recorded on both the balance sheet and statement of cash flows.
In this project you will use your many skills to create multiple portfolios, using the Standard and Poor's Mid Cap 400 as your dataset. First, construct an index fund using a st
1) Which inventory methods are used by Lowe's? (Mark all that apply.) a. Weighted-average b. FIFO c. LIFO d. Dollar-value LIFO e. Retail LIFO f. Retail Dollar-value LIFO g. If mult
Q. What is Reconnaisance Survey explain? This item should apply to all rough and rapid investigations of an area with a view to determine the technical feasibility and approxim
how to identify deb who to credit and who to debit
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd