cost accounting

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Cost Accounting

A television station airs network programming between 9am and 10pm. Between 10 p.m. and 9 a.m., they broadcast programming of their choice . This costs them $500 in additional costs per night. During the night slots they sell airtime to infomercials at the following selling prices: TimeslotSlot TimesHours per slotSelling Price per hour of airtimeTotal timeslot airtime revenues (hrs x selling price)Night10pm to 1am3 hours$150$450Late Late night1am to 4am3 hours$20$60Pre-dawn4am to 6am2 hours$1$2Morning6am to 9am3 hoursNote 1Note 1 Instead...
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cost Accounting

Variable costing is similar to absorption costing in that A-Both recognize fixed costs as period costs. B-Standard costs may be used with either method. C-Both may be used for tax purposes. D-They produce the same amount of pretax net income.
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Cost accounting

Cost Accounting

Jacob Corporation is a manufacturer that produces cosmetics. The following information has been taken from the company’s production, sales, and cost records for the just-completed year:Production in units100,000Sales in units?Ending finished goods Inventory in units?Sales in RupeesRs 2,000,000Costs :Other selling and administrative expensesRs 40,000Other factory overhead costsRs 22,000Selling and administrative salariesRs 240,000Maintenance FactoryRs 50,000Utilities-factoryRs 60,000Building Rent (Production Uses 80% of the Space; administrative and sales offices use the rest)Rs 100,000Royalty paid for use of Production patent, Rs 0.5 per unit...
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COST ACCOUNTING

ITS AN INCOME STATEMENT INCLUDES COST OF GOODS MANUFACTURED AND COST OF GOOD SOLD

COST ACCOUNTING

Job 434 was recently completed. The following data have been recorded on its job cost sheet: The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour.Required: Compute the unit product cost that would appear on the job cost sheet for this job.