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What is transfer pricing in accounting?
Job order costing and process costing are pricing systems. cost accounting systems. cost flow systems. inventory tracking systems.
Job order costing and process costing are O a. pricing systems Ob.cost accounting systems Oc. cost flow systems Od. inventory tracking systems o
Mucky Duck makes swimsuits and sells these suits directly to retailers. Although Mucky Duck has a variety of suits, it does not make the All-Body suit used by highlyskilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sellfor approximately $110. Given it experience, Mucky Duck believes the All-Body suit would have the following manufacturing cost.Direct matierials----$25Direct Labor---$30Manufacturing Overhead-----$45Total costs---$100a. Assume that Mucky Duck uses...
When does Market-based transfer pricing occur in accounting?
What is the overall concept of transfer pricing and the benefits transfer pricing provides to a multinational company.
Messina Company wants to use absorption cost-plus pricing to establish the selling price for a new product. The company plans to invest $650,000 in operating assets that provide the capacity to make 30,000 units. Its required return on investment (ROI) in its operating assets is 20%. Messina’s Accounting Department set a goal of producing and selling 20,000 units during the new product’s first year of availability. It also provided the following cost estimates for the new product: Per UnitTotalDirect materials$12Direct labor$8Variable...
The following are also provided:Tax rate – 30%Interest expenses – P20,000 Administrative expenses – P540,000Beginning Inventories:Raw materials, P610,000; Work in process, P1,065,000, Finished Goods P2,100,000.Units manufactured for the period – 100,000 units2) Cost of Goods Sold3) Total Manufacturing Cost4) Cost per unit under normal costing5) Cost per unit under actual costing6) Cost of Goods Manufactured7) Operating income8) Ending Finished Goods Inventory9) Ending Raw Materials Inventory10) Net Income
Describe the administration of transfer pricing