Showing 31 to 40 of 2236 Questions
  • 1. If you had to choose between the direct method or the step down method, which would you choose?2. If you were to use the step down method, which user departments would be ranked highest on your list?3. Would you recommend that allocations be made based on actual usage or based on budget usage

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  • 1. Process costing works well whenevera. heterogeneous products pass through a series of processes and receive similar doses of materials, labor, and overhead.b. homogeneous products pass through a series of processes and receive similar amounts of materials, labor, and overhead.c. homogeneous products pass through a series of processes a

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  • 1. The demand for wrappers in a department store’s gift wrapping section is 100 pieces per year. If the ordering cost is P500 per order and annual unit carrying cost is 10% of the unit purchase price, what should the order quantity be given the following unit purchase prices? Unit Purchase Price Order QuantityP5.00 ………………

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  • 1. Using the data in E, prepare a cost of production summary for the month ended January 31, 2016. In E, Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the beginning of the period, two-fifths complete. During the period 7,800 units were received from Mixing, 8,200 units were transferred to the

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  • 1. Using the data in E, prepare a cost of production summary for the month of December for Finishing. In E, Micro Motors Inc. has two production departments. Finishing had 2,000 units in process at the beginning of the period, three-fifths complete. During the period, 14,000 units were received from Assembly, 13,000 units were transferred

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  • 1. What characteristics of the product or manufacturing process would lead a company to use a process costing system? Give two examples of companies that are likely to be using process costing. What characteristics of the product or manufacturing process would lead a company to use a job costing system? Give two examples of companies that

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  • 1. Your manufacturing company is facing intense competition from firms that have already adopted such operational techniques as demand-based management and JIT systems. Before implementing those programs at your company, the CEO has asked you to write a "white paper" covering the following specific topics:How do JIT demand-based systems d

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  • A company has fixed costs of $90,000. Its contribution margin ratio is 30% and the product sells for $75 per unit. What is the company's break-even point in dollar sales?

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  • A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses, etc. (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square feet of the manufacturing warehouse and the bicycle business occupies

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  • A company has two sequential processing departments. On the cost of production reports for the departments, will the cost per unit transferred out of the first department always be equal to the cost per unit transferred in to the second department? Explain.

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