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Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%.Required:A) Assume break-even volume in dollars is $1,500,000. What are total fixed costs?B) Assume Corporation wants after-tax net income of $300,000. What volume of sales in dollars is necessary to achieve this net income?
Prepare the Material Cost Budget of products of a Company For a company along with many products, a periodic budget would be developed given as: Assume a firm has 3 products X
Question The statements of comprehensive income for three entities for the year ended 30 September 2009 are presented below: SOT PB UV
ADescribe the impact of different types of standards on motivations, and specifically, the likely effect on motivation of adopting the labor standard recommended for Geeta & Compan
what is marginal costing and explain concept of marginal costing
TYPES OF VARIANCES Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance 1. Direct labour variance 2.
Workmen shoes accumulated the following production and cost data for the past 5 months. i) Using the high/low method calculate the variable cost per unit and the fixed cos
examples of industries using this method
Direct Material Usage Variance Refers to the difference among the actual quantity utilized and the standard quantity particular for the actual production, all valued at the st
Conan O'Brien Logging and Lumber Company owns 3,300 acres of timberland on the north side of Mount Leno, which was purchased in 2000 at a cost of $650 per acre. In 2012, O'Brien be
Support Department Cost Allocations. Riverside Furniture Company manufactures unfinished furniture for sale to retailers. Riverside has two support departments, Maintenance and Hu
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