the computation of cost of goods manufactured on the income statement IS . (ASSUME THERE ARE NO WORK-IN- PROCESS INVENTORY)
In: Accounting
Due to the high cost of fuel on the international and the current downturn in the economy the The Jamaica Light and Power Plant has made the decision to make twenty five positions redundant by the July 31, 2013. Based on the Employment Termination Redundancy and Termination Act advise the affected staff members on the following
i) Define redundancy ( 2 marks)
ii) State clearly the conditions under which redundancy payments will be made and whether these staffs are entitled to redundancy payment.
iii) Advise the staff of their entitlement based on their years of service. ( 5 marks)
iv) Advise the two members of staff who are on maternity leave their entitlement under
the ETRP.
In: Economics
explain how account analysis is used to estimate cost.
In: Accounting
Costs
|
Raw materials purchased |
$ 75,000 |
|
Direct Labor |
55,000 |
|
Indirect labor |
33,000 |
|
Factory equipment maintenance and depreciation |
15,000 |
|
Factory rent |
36,000 |
|
Factory supplies |
6,000 |
|
Selling & administrative expenses |
100,000 |
|
Inventories |
Beginning Balance |
Ending Balance |
|
Raw Materials |
$ 5,000 |
$20,000 |
|
Work in Process |
25,000 |
30,000 |
|
Finished Goods |
20,000 |
35,000 |
Required: Calculate the cost of raw materials used in production.
Required: Calculate the cost of goods manufactured
Calculate the cost of goods sold.
Required: Calculate the prime costs
Calculate the conversion costs.
In: Accounting
In: Accounting
In: Economics
Which of the following is the effect of using lower of cost or market on the liquidity metric? a.An increase in net income b.An increase in the days' sales in inventory c.A decrease in sales d.A decrease in the days' sales in inventory
In: Accounting
In: Economics
The cost of a can of Coca Cola in 1960 was $ 0.10 . The exponential function that models the cost of a Coca Cola by year is given below, where t is the number of years since 1960 . C ( t ) = 0.10 e^0.0576t Find the expected cost of a can of Coca Cola in 1990 , 2000 , 2015 and 2040 (rounded to the nearest cent). They expected the cost of Coca Cola to be $-------- in 1990 , $ --------in 2000 , $-------- in 2015 , and $ -------in 2040 .
In: Math
In: Accounting