Job order or a process cost system
Discuss the factors that acompany must consider when deciding whether to use a job order or a process cost system. What might be the consequences to a company if they make the wrong choice?
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Based on the following production and sales data of Concrete Co. for Marchof the current year, prepare (a) a sales budget and (b) a production budget.
Each of the following statements may (or may not) describe one of these technical terms. The amount by which sales revenue exceeds total variable cost expressed as a percentage of sales.
Total costs to account for is: 1. the number of units finished during the period 2. equal to the dollar value offending work in process inventory
You've been saving up for a new car that you think costs $25,000. You already have $10,000 and you think that, with interest and additional savings, the $10,000 will grow to $20,000 in three years.
Sun Inc. factors $2,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments.
Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $51,000; Supervising, $31,600; and Other.
At December 31, 2010, the estimated future costs to complete the project total $3,300,000. Prepare Turner's 2010 journal entries using the percentage-of-completion method.
a. A $1,000 bond has a 7.5 percent coupon and matures after 10 years. If current interest rates are 10 percent, what should be the price of the bond?
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How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?
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