1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48 hours per week during 50 weeks in the year). From the particulars given below calculate the prime cost and works cost of a work order No. 54 which passes through both shops:

(1) Material consumed `1,000.

(2) Direct labor hours shop A -8hrs at '6.00 per hour

Shop B-5hrs 7.50 per hour

3) Works overheads are to be levied by means of a direct hour rate

2.How can consumer satisfaction be measured using perspectives of financial and non-financial measures.

3.What is just in time technique for managerial accounting.

4.How do you measure impact of managerial control on employees behavior

5.What are some alternative methods of measuring value of intangible assets

6.What impacts do managerial accounting for operation managers have in decision making and planning.

7.Discuss the need of database logical structures and their significance in effective management of database.

8.Why are retained earnings not distributed to shareholders in a public company.

9.State and explain when a company should report a balanced sheet

10.Why is volume a totally independent variable from price in the market

1. (Endowment Economies) When will countries trade? Assuming 2 goods, food and clothing, and two countries with homothetic preferences, determine whether these two countries will trade in each of the following situations: (a) Countries have identical preferences and identical endowments. (b) Countries have identical preferences, their endowments differ, and their endow- ments are not in the same ratio of food to clothing. (c) Countries have identical preferences, their endowments differ, but the ratio of food to clothing is the same in both countries. (d) Countries have identical endowments but different preferences. (e) Countries have both different preferences and different endowmentsIn the attached diagram, what is the factor endowment ratio for Microland? Graph 5.0 Resource Endowments for Two Countries: Macroland and Microland Total Capital (million units) Macroland Resource Endowment Box 1600 Microland Resource Endowment Box 800 200 400 Total Labor (million Units) a. 2 b. 4 c. 6 Od. 8Instructions Chart of Accounts General Journal Instructions X On September 1, Frika Company purchased land for $47,500 cash. Required: Provide the journal entry for this transaction. Refer to the Chart of Accounts for anact wording of account Mes.Instructions Chart of Accounts General Journal Instructions Chart of Accounts X Or CHART OF ACCOUNTS Erika Company General Ledger ASSETS REVENUE 11 Cash 41 Foos Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance B1 Wages Expense 15 Land 83 Rent Exponge 16 Office Equipment 34 Ublocs Expense 17 Building 55 Maintenance Expense 18 Truck 50 Miscellaneous Exponso LIABILITIES 21 Notes Payable 23 Accounts Payable 23 Unearned Revenue EQUITY 31 Erika Jones, Capital 32 Erica Jones, Drawing All work boredructions Chart of Accounts General Journal actions X Chart of Accounts General Joumal Provide the journal entry for the purchased land for the company on September 1. Refer to the Chief of Accounts for scact wording of account PAGE I JOURNAL DESCRIPTION POST. BOF. DEBIT CREDIT Allmark Saved MacBook Air