How do accounting books handle over and under absorption of overheads?
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A: GIVEN Pretax financial income $ 480,000 Estimated litigation expense 325,000 Installment sales…
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A: Debt Amortization Schedule: A loan amortisation schedule is a comprehensive table of periodic loan…
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A: Net Present Value (NPV) Net Present Value (NPV) is the value of all future cash flows (positive and…
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A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
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A: Adjusting entry means where some adjustment need to be made at the end of specified period for…
Q: maintenance costs: Total Total Month Maintenance Costs Machine Hours January $2,750 2,850 February…
A: Solution... Highest point Machine hours = 8,300 Maintenance costs = $5,693 Lowest point…
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A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual direct labor hours…
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A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
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A: Calculation of Contribution margin ratio Contribution margin ratio = Contribution margin per unit/…
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A: Carrying amount of the assets is the value of the assets which has been computed when the…
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A: Times-interest earned = Earnings before interest and tax / Interest expense where, Earnings before…
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A: Since the contract term is FOB shipping point. Therefore, the ownership seems to be transferred on…
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A: FIFO - First in First out method of inventory valuation is based on the concept that oldest units…
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A: Rate of the note determine the payment amount in form of interest to the holder. Interest payment is…
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A: Solution: Dividend per share declared = $1.53 Nos of outstanding shares = 250000
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A: According to PAS 1 Presentation of Financial Statements the dividends declared by the company will…
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A: Accounting Rate of Return - It shows the rate of annual return from the investment made by the…
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Q: The total depreciation for the year ended December 31, 2020 is
A: Since you have asked two questions and as per our protocol we provide solution to the one question…
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Q: Problem 16-18 (IAA) Emerald Company reported net income for 2021 at P1,550,000 hefore any…
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A: Calculation of Total Sales Revenue Total Sales Revenue = Cost of goods sold/ (100% - Gross Profit…
Q: 2. Calculate the total budgeted contribution margin for Greiner Company by month and in total for…
A: Contribution Margin The Calculation of Contribution Margin is the total sales revenue which is…
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A: Closing inventory (finished goods) = opening finished goods +units purchased- units sold
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A: Gain on equipment sale = selling price - Adjusted basis For first equipment = 17000 - 15500 = 1500
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Q: A home office ships inventory to its branch at 125% of cost. The required balance of the Deferred…
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- How do you define an accounting information system and what are its components? Give an example.Explain the relationship between the Cost Management System and the Financial Accounting SystemWhich transaction cycle includes interactions between an organization and its suppliers? Select one: O a. HR/Payroll cycle O b. Revenue cycle O c. Expenditure Cycle O d. General Ledger & Reporting system