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(i) Describe the difference between the balance sheet and the income statement in financial statements of companies.
(ii) Give two examples of intangible assets and two examples of fixed assets
(iii) Which of the following represents a liability:
(a) inventory
(b) accounts payable
(c) Retained earnings
(d) accounts receivable
how marginal cost of a product is determined?
Budgeted direct labour cost 75000 hours @ $16 per hour Budgeted manufacturing overhead 80 000 hours @ $17.50 per hour Actual direct labour cost $997 500 Budgeted manufa
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how do you calculate them
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