1. Calculate the overhead allocation rate for each of the model years 2003 through 2005. Are the changes since 2002 overhead allocation rates significant? Why have these changes occurred? Overhead Allocation refers to the process of identifying specific overheads of a particular cost centre and charging them. For example‚ in this case wages paid to truck drivers is an overhead cost which is directly identifiable with the Cost Centre i.e. ACF. In case of expenses which cannot be directly identified
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1. How does Quickfix’s average compound growth rate in sales compare with its earnings growth rate over the past five years? Quickfix’s sales have increased by an average compound rate of 14% per year over the past five years. In comparison‚ its net income has declined from over $16‚600 in 2000‚ to a loss of $102 in 2004. 2. Which statements should Juan refer to and which should he construct so as to develop a fair assessment of the firm’s financial condition? Explain why? Juan should refer
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| | | 275 | | | | | | Fixed | | | 770 | | | | | | Total unit marketing costs | | | 1‚045 | | | | | Total Unit Costs | | | | $3‚500 | | | | | | | | | | | | | | | | | | | | | 1) | What is the break-even volume in units? In sales dollars? | | | | | | | | | | | | | Fixed overhead | 660 | | Sell Price | $4‚350 | | | | | Fixed Mktg | 770 | | VC | 2‚070 | | | | | | 1‚430 | | Cont. Margin
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NORTH COUNTRY AUTO‚ Inc. Case Background Each of the departments of North Country Auto‚ Inc. namely‚ the new cars sales and used cars sales‚ service‚ parts‚ body shop and oil change “operated as part of one business” before George Liddy bought into the dealership. The Department Managers were paid salaries and a year-end bonus. However‚ feeling that this system would not motivate employees‚ he devised a system wherein he could track effectively the departmental performance. For this‚ he developed
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Historical cost accounting Advantages • Historical cost accounts are straightforward to produce • Historical cost accounts do not record gains until they are realized • Historical cost accounts are still used in most accounting systems Disadvantages • Historical cost accounts give no indication of current values of the assets of a business • Historical cost accounts do not record the opportunity costs of the use of older assets‚ particularly property which may be recorded at a value based
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LEASE PAYMENTS FOR LEMON LTD. Includes bargain purchase option. Note: There is a rounding error of $1. PREPARE A SCHEDULE OF LEASE PAYMENTS FOR PURPLE LTD. Note: There is a rounding error of $1. JOURNAL ENTRIES For Lemon Ltd: (Depreciation expense = [$29‚568 - $3‚600] / 5 years = $5‚194) For Purple Ltd: (Net Method) For Purple Ltd: (Gross Method) FINANCIAL STATEMENTS OF BOTH COMPANIES FOR YEAR ENDING 30 JUNE 2009 Lemon Ltd Extract of
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Business Research Methods Part I Sara Gonzalez QNT/561 March 19‚ 2013 Business Research Methods Part I A business organization must make tough decisions when faced with a dilemma. They could be rising costs‚ employee turnover‚ or in the case of British Petroleum (BP)‚ safety. The recent explosion‚ deaths‚ and environmental impact of the deepwater Horizon oil drilling platform in the Gulf of Mexico brought the question of drilling platform safety to the forefront of the news‚ continuing
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HISTORY OF THE PROJECT Fuji Auto Supply started since 1987 is managed by Melchora C. Francisco at # 109 Kamias Road Quezon city. The company have 3 workers and more than 50 suppliers. They sell their products through phone and walk-in and the target of this company is near by area.how do they records they record their products? Fuji Auto Supply also encounters many problems concerning their way of recording and tracking their sales and inventory. Another concern of the business is having some miscalculations
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------------------------------------------------- G R O U P C A S E 3: H O S P I T A L S U P P L Y‚ I N C Given Information: Hospital Supply‚ Inc.’s Normal Volume (in units per month) | 3‚000 | Regular Selling Price (per unit) | 4‚350 | Costs per Unit for Hydraulic Hoists | | | Unit Manufacturing Costs: | | | Variable Materials | 550 | | Variable Labor | 825 | | Variable Overhead | 420 | | Fixed Overhead
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anyone would say that the ABC Auto Parts and Auto Zone Co. didn’t entered into a proper written agreement and neither of them signed any legal contract. So‚ it’s a clear indication that there no legal contract signed by both parties. Furthermore‚ a presentation by ABC of its good at Auto Zone premises and Auto Zone places an order verbally‚ it doesn’t create a valid contract when the contract amount is more than $500. So‚ if ABC brings a lawsuit against the Auto Zone than Auto Zone as a buyer in their
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