Apart from the basic costs to build up a unit rate, explain FIVE other factors you will consider in adjusting a reference unit rate to a new unit rate.

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A: In vertical analysis income statement, each items of income statement is listed as a percentage of…

Q: Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable…

A: Differential analysis is done to select between one or more alternatives, the benefit of one or more…

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A: Average age of inventory means the number of days the company will take to sell its inventory. The…

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A: Bonds are an instrument issued by the company on which interest is payable till maturity or…

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A: Useful life: Assets Year Computer 5 year Desk 7 year Depreciation in 1st Year = Cost x (1…

Q: Why would an investigator interview the prime suspect last in the interview proces

A: Fraud investigation is an important area in accounting especially after big fraud scandals like that…

Q: Africa Traders is a registered VAT vendor and uses the periodic inventory system. Africa Traders…

A: VAT is the value added tax is clear as its name, that tax is levied on each stage, when value is…

Q: ABC Company uses a backflush costing system with three trigger points: Purchase of direct materials…

A: Backflush costing is one of the costing system used for Just in time inventory system. Under costs…

Q: Sheffield Corp. had the following information in its financial statements for the year ended 2020…

A: Payout Ratio - This ratio shows the amount of dividend paid out from net income.

Q: Teeth whitening Prescription drugs Acupuncture Installing a handicap chair lift for the pool*…

A: GIVEN     Teeth whitening $500Prescription drugs $600Acupuncture $2,000Installing a handicap chair…

Q: Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet…

A: The average operating assets are calculated as sum of account receivables, cash, inventory, plant…

Q: Joy, a sole proprietor involved in AirBnB, needs to sell almost all of his apartments. The selling…

A: Introduction           Depreciated replacement cost refers to the current replacement cost after…

Q: 57. Ansel Corp. has provided the following data from its activity-based costing system: Activity…

A: The predetermined overhead rate for ABC costing is calculated as different activity rates for…

Q: Based on the rules issued by the FASB, mandatorily redeemable preferred stock has to be classified…

A: Mandatorily Redeemable preferred stock is the preferred stock which will be redeemed in future.

Q: Assume the following production data taken from the records of CONEY Manufacturing   Co:…

A: Equivalent units under weighted average method = Units completed and transferred out + Units in…

Q: On January 1, 2022, ABC Company signed a note payable to a bank for P3,000,000 with a stated rate of…

A: The notes payable are generally considered a long-term liability because it is issued normally for a…

Q: Assume the cost of a company’s long-term asset is $20,000, expected salvage value is $1,000, and…

A: Working Note: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/10…

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A: The bonus method is used to grant a new partner additional capital in a partnership when the person…

Q: Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as…

A: Solution: Milano Pizza Flexible Budget Performance Report For the month ended November 30…

Q: The two machines shown are being considered for a chip manufacturing operation. Assume the MARR is a…

A:

Q: On March 1, 2022, ABC Co. was contracted to construct a building for a customer at a total contract…

A: Solution: Under percentage of completion method, revenue is recognized based on % work completed…

Q: Acme Company's production budget for August is 17,500 units and includes the following component…

A: Formula: Variable overhead spending variance =  (Standard variable overhead rate per hour - Actual…

Q: There are two consumers and two goods (A and B) in a competitive economy. At the competitive…

A: Introduction:- The following basic information as follows under:- Two consumers and two goods (A…

Q: ABC Company operates a production process to convert a single material into three separate items,…

A: The net realizable value approach is a method to allocate joint cost. Under this approach, the joint…

Q: ush and by issuing its own shares with a fair value of P1,350,000. Parent acquired si hs, Parent…

A: The goodwill or gain on bargain purchase refers to the excess or short amount paid for the…

Q: Explain why depreciation and interest should not be included as costs in a discounted cash flow…

A: The company makes several investments and an evaluation of investment is necessary. Therefore, the…

Q: The Apollo Company conducted a physical count on December 31, 2021 which revealed in inventory with…

A: Under FOB destination, titles of goods are transferred to the buyer only when goods are delivered to…

Q: Jo and Malone formed a partnership and have capital balances of P 100,000 and P 200,000,…

A: In the given question, Jo and Malone have capital balances of P 100,000 and P 200,000 respectively.…

Q: 46 ABC Company uses a backflush costing system with three trigger points: Purchase of direct…

A: Backflush cost accounting could be a cost accounting system that omits recording some or all of the…

Q: Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a par value of $10 per…

A: Debit: Cash $45,000 Credit: Common stock $30,000 Credit: Paid in capital in excess of par $15,000

Q: A building is acquired on January 1 at a cost of $1,020,000 with an estimated useful life of ten…

A: DDB rate = 2 / 10 years = 20%

Q: An actual overhead rate can be calculated Group of answer choices anytime during the period. at the…

A: Normally, overhead cost is Applied to units manufactured in the basis of a budgeted predetermined…

Q: Apollo Corp. has the following investment which were throughout 2021-2022: Fair Value Cost 12/31/21…

A: Unrealized gain An unrealized gain is a rise in the value of an asset that has yet to be sold for…

Q: Under conjugal partnership of gains, gross conjugal property is_

A: Firstly, let us understand what are conjugal properties. Conjugal means related to marriage.…

Q: quity h other comprehensive income, w at fair value of P550,000. At Dece lue of the securities was…

A: The answer has been mentioned below.

Q: ck Split Selected transactions completed by Canyon Ferry Boating Corporation during the current…

A: Journal entry is the primary step to record transactions in the books of account. The journal entry…

Q: The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a…

A: Income statement is the financial statement that shows the revenue and expenses of the company which…

Q: pment changes cash flows as fo s $5/pinball $1/pinball st: $1000 per year

A: Break even point unit is minimum number of pinballs necessary to recover the fixed cost of each…

Q: 1b) Banks offer overdraft facilities and term loans, among other services, to their corporate…

A: The answer is stated below:

Q: If a firm changes how they account for long-term contracts, what will be the proper accounting…

A: When accounting for a long-term construction contract for which revenue is recognized over time…

Q: How much is the VAT Payable in April?

A: Vat is a Value added tax, it is a consumption tax on goods and services, Vat is levied at each stage…

Q: 61 If the home office ships merchandise to the branch at an amount above the cost, at what amount…

A: A BRANCH IS A UNIT OF BUSINESS ENTERPRISE LOCATED SOME DISTANCE FROM HOME OFFICE . A BRANCH…

Q: An example of an item which is not a liability is a. The portion of a long termdebt due within one…

A: As per the guidelines, only one question is allowed to be answered. Please resubmit the question…

Q: What amount will be recorded in the trade receivables column of the cash receipts journal of Africa…

A: The cash receipts journal records all the transactions related to the receipt of cash irrespective…

Q: IV. Complete the table. Round to the nearest cent. Last Date to Take Discount Invoice Last Cash…

A: The accounts receivable represents the customers who have purchased the goods or products from the…

Q: 1. Sales revenues should increase by 3% in 2021: 4% in 2022 and decreased by 3% in 2023 and remains…

A: Since you have posted question with multiple sub-parts, we will do the first three sub-parts for…

Q: AA operates a part-time auto repair service. He estimates that a new diagnostic computer system will…

A: Cash inflows is the amount of cash that will be received as a result of the operations. The cash…

Q: Among other select appliances, Lincoln Appliance Company sells high-end refrigerators on a…

A: GIVEN   Among other select appliances, Lincoln Appliance Company sells high-end refrigerators on a…

Q: Required: 1. Determine the following for the years 20Y4 through 20Y8 for each of the graphs below.…

A: Financial ratios are those which provide a summary of the accounts of a company and helps an…

Q: Item 7   Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The…

A: Inventory means the amount of stock which is held for used in production or for resale purpose.…