1.A company assigns overhead cost to completed jobs on the basis of 125% of direct labor cost. The job cost sheet for Job 313 shows that $10,000 in direct materials has been used on the job and that $12,000 in direct labor cost has been incurred. A total of 1,000 units were produced in Job 313.

what is the manufacturing cost?

What is the unit product cost?

2.What circumstances cause an increase goodwill? Explain

3.Explain a company's budgeting process and describe what it looks like

4.What are the components of a good financial model?

5.At the beginning of the financial year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased by $74 and liabilities decreased by $38. At the end of the year, retained earnings totalled $1,700. During the year, net profit was $250 and dividends of $120 were declared and paid. Retained earnings at the beginning of the year totalled:

6.on Lumber sells lumber and general building supplies to building contractors in a medium sized town in Montana. Data regarding the store's operations follow :

Sales are budgeted at $340,000 for November, $350,000 for December , and $370,000 for January.

Collections are expected to be 55% in the month of sale, 44% in month following sale, and 1% uncollectible.

The cost of goods sold is 75% of sales.

The company desires to have ending merchandise inventory equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.

Other monthly expenses to be paid in cash are $21,100.

Monthly depreciation is $19,000.

Ignore Taxes.

Statement of Financial Position : October 31

Assets:

Cash : $13,000

Accounts Receivable (net of allowance for uncollectible accounts) : $82,000

Inventory : $153,000

Property , Plant , and Equipment (net of $598,000 accumulated depreciation) : $1,138,000

Total Assets : $1,386,000

Liabilities and Stockholders Equity :

Accounts Payable : $257,000

Common Stock : $600,000

Retained Earnings : $529,000

Total Liabilities and Stockholders Equity : $1,386,000

Question : The net income for December would be

7.Assume selling price per unit is $30, the contribution margin ratio is 40%, and the break even point is 5,000 units. What is total amount of fixed costs ?

8.A company's variable cost per unit is $2. It sold 20,000 units and earned $15,000 operating income after a total cost of $55,000. What would be the total operating income the company can earn at a sales volume of 35,000 units, assuming that is within the relevant range?

9.Mehmet Company sold 60,000 units and earned $40,000 operating income in the current month. Margin of safety in the current month was 20,000 units. The firm's marketing manager suggests that, if the company runs TV commercial at a cost of $10,000 per month, the sales volume could reach 75,000 units next month without the need to lower the sales price. If marketing manager's suggestion is taken, what will be the net operating income for next month?

10.What is working capital