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Model: Wages for financial books and department labour-hour cost. A factory department has 90 workers who are paid on an average of Rs. 35 per week (48 hours),
Define Inventory. What is the objective of inventory control? Explain the costs involved in the context of inventory control
The cost of placing an order is Rs. 18. You are required to determine EOQ and the frequency of order p.a.
The following is the record of receipts and issues of a certain material for the month of December: Prepare a stores ledger account based on FIFO Method.
Describe briefly the different methods of costing together with industries to which they can be applied?
Calculate prime cost, factory cost, cost of production, cost of sales and profit from the following data:
What is Justin"s current level of fixed costs? Assume that Justin"s fixed costs, variable costs, and sales price
What is the maximum net income that Delphi can earn from sales of the new product in the next fiscal year?
What is Picasso"s Pantry"s degree of operating leverage? If sales increase by 5%, what will the new operating income be? 3.
What additional factors should Kip mar"s managers consider before deciding to introduce the new leather briefcase?
How many units of each product must Herzog Industries sell in order to break even?
What price can be expected to result in the highest operating income? What is the markup on variable cost at the price you selected in part (a)?
Which of the following would not be a component of manufacturing overhead for an automobile manufacturer?
How much direct materials were used in production? How much manufacturing overhead was incurred during April?
Why do some companies prefer to use predetermined overhead rates instead of waiting for the actual rates? Give three reasons.
How are job cost sheets used to determine the Work in Process account balance at any particular time?
The predetermined overhead rate is $65 per direct labor hour. What is the unit cost of the motors produced in job 4329?
What is Fashion Headwear"s contribution margin ratio? Its variable cost ratio?
What is the contribution margin ratio for the Stack-o-Choc candy bar? What is the breakeven point in units? In sales dollars?
What is the annual breakeven point in units? In sales dollars? How many frisbees must Reid sell to earn $18,000 in operating income?
What is Math Tot"s contribution margin ratio? Its variable cost ratio? What is Math Tot"s margin of safety?
What is Matoaka"s annual breakeven point in sales dollars? Matoaka currently sells 100,000 blankets per year.
How many hamburgers must Wimpee"s sell per month to make $6,000 in operating income? Prepare a CVP graph for Wimpee"s.
What is Mary"s degree of operating leverage? If Mary can increase sales by 10%, by how much will her operating income increase?
What is Abado"s breakeven point in sales dollars? In an effort to raise the demand for reading tests, managers are planning to lower the price