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the following activities relating to indirect production costs:Activity Activity Costs Cost DriversMachine Setup $180,000 1,500 setup hoursMaterials Handling $50,000 12,500 pounds of materialsElectric Power $20,000 20,000 kilowatt hoursCompany has obtained the following data concerning two products:
ProductsSpeedy1 Speedy2Number of units produced 4,000 20,000Direct materials cost $20,000 $25,000Direct labor cost $12,000 $20,000Number of setup hours 100 120Pounds of materials used 500 1,500Kilowatt-hours 1,000 2,000Required:Using the activity-based costing approach, calculate the manufacturing cost per unit for Speedy1 and Speedy2.
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CONTRIBUTION : It is the variation between the marginal cost of sales and sales and it contributes towards fixed profit and expenses. It is differ from the profit which is the net
explain advantages of marginal costing
#purchase price R45 order costs R175 lead time 6 days cost of capital (after taxation) 20% direct inventory holding costs R25 annual demand 8500 units business operational 330day p
discuss the problems of installing a costing system
Valuation of Work In Progress The concept of Equivalent units It is a notional quantity of completed goods in the production process. This is a collection of work applic
Derive a truth table for a combinational logic circuit that is to decode a 4-bit BCD representing a number in the range 0-9 and generate an appropriate 7-bit output to illuminate t
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PROFIT VARIANCES Sales variances are important as they have a direct bearing on profits earned by the organization. thus, they can be used as the basis of determining profit
HOW DOES IDLE CAPACITY EFFECT COST BEHAVIOR PATTERNS AND FACTORY OVERHEAD METHODS?
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