What is the uses of two types of costing methods
Why cost accountants use two types of costing methods i.e absorption costing and direct costing? Identify a case where absorption costing yields higher net profit than direct coating?
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A company purchased a new truck at a cost of $37,900 on July 1. The truck is estimated to have a useful life of 5 years and a salvage value of $3,900.
The Allowance for uncollecible accounts currently has a debit balance of $200. The companys management estimate that 2.5% of net credit will be uncollectible.
A company's Office Supplies account shows a beginning balance of $540 and an ending balance of $460. If office supplies expense for the year is $3,280, what amount of office supplies was purchased during the period?
A company sells merchandise for 1,000 on account with terms of 2/10, n/30. Defective merchadise of $200 is returned 2 days later. Which of the following entries would be made to record the cash receipt for the sale if the payment is received withi
ABC Corp. is expected to pay a dividend next year of $2.00 per share. Both sales and profits are expected to grow at a rate of 15% in year 2 and 3 and then %5 per year after.
Acme purchased a property that included both land and building for $200,00. Acme hired an appraiser who determined that the market value of the land ws $140,000 and the market value of the building was $50,00.
Sloman Company is considering purchasing a machine that would cost $436,800 and have a useful life of 5 years. The machine would reduce cash operating costs by $132,364 per year.
When you analyze the standard classifications that are used in preparing a classified balance sheet. Should there be others? If so, what?
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