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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
selling price $140
units in begining inventory 0units produces 1,200units sold 800units in ending inventory 400Variable cost per unit:direct materials $25direct labors $41variable manufacturing overhead $6variable selling and administrative $6Fixed cost:fixed manufacturing overhead $24,000fixed selling and administrative $12,000
- What is the net operating income for the month under variable costing?- make variable costong income statement.
what is the different between Financial accounting and management accounting?
The Cash Cycle: so as to deal with the problem of cash management we should have a concept about the flow of cash by a firm's accounts. The entire process of such cash flow is ide
Determine Cost per Unit By Using Marginal and Absorption Costing The given information was extracted from the book of a company for the year ended on date 31/12/2001. Outpu
Labour Variances From our basic data, we can calculate the labour variances as given as: i. Labour Rate Variance = (AH x AR) - (AH x SR)
advanced sums
raw an organization chart of any actual or hypothetical manufacturing organization to show the position of management/cost accounting department within an organization and discuss
XYZ Corporation recieves $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transaction would include a a debit to investment b
Material Price Variance (MPV) This may be described as the difference amoung the actual price and the standard price of the materials consumed. MPV = Actual quantity used (S
Question: Timothy Ltd uses a flexible budget for overhead costs. The company expects to produce 40,000 units of the product it manufactures. Each unit requires 0.40 direct labo
DEFINITION OF BUDGET As per the Institute of Cost & Management (ICMA), London, a BUDGET is 'a quantitative statement and / or financial, prepared and approved prior to a defin
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