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Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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Accountancy Department College of Business and Accountancy Notre Dame University Cotabato City‚ Philippines CPA – MOCK BOARD EXAMINATION AUDITING PROBLEMS MR. RONALD GERMO MAMARIL INSTRUCTION: Select the correct answer for each of the following questions. Mark only one answer for each item by shading the box corresponding to the letter of your choice on the sheet provided. STRICLY NO ERASURES ALLOWED. Use pencil no. 1 only. CASE 1: STOCK INVESTMENT IN SAN
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Level. Revenue Variable costs Contribution Margin Fixed Costs Operating Income (loss) From the case we know that intracompany work was billed at $400 per hour‚ and commercial sales were billed at $800 per hour. Commercial 138*$800=$110‚400 138*$28.70=$3960.60 ($800-28.7)*138= $106‚439.40 Intracompany 205*$400=$82‚000 205*$28.7=5883.5 (400-28.7)*205= $76116.50 Overall $192‚400 $9844.10 $182‚555.90 $212‚939 ($30‚383.10) 4. Assuming the intracompany demand for service
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Complete Problem 4-8A. P4-8A Dana La Fontsee opened Pro Window Washing Inc. on July 1‚ 2012. During July the following transactions were comple July 1 Issued 12‚000 shares of common stock for $12‚000 cash. 1 Purchased used truck for $8‚000‚ paying $2‚000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1‚800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3‚700 for cleaning services. 18 Paid $1‚000 cash on amount owed
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distribution is composed for each potential level of production. For example‚ if 200 plain cheese pizzas are produced and 200 are demanded‚ the potential profit is $400. This profit consists of $1800 in sales revenue minus $1400 in costs ($900+$500 fixed). This profit will result regardless of whether more than 200 are demanded. Accordingly‚ if 400 cheese pizzas are produced and only 200 demanded‚ there is a potential loss of $500. Using these distributions‚ we are then able calculate the distribution’s
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At point D (0‚ 160) Z = 2560 At point B (500/3‚ 0) Z = 2166.67 At point C (900/7‚ 400/7) Z = 2585.71 Point C would become an optimal solution if profit for basketballs changed from $12 to $13. What would be the effect if the profit for a football changed from $16 to $15? Z = 12x1 + 16x2 becomes Z = 12x1 + 15x2 At point D (0‚ 160) Z = 2400 At point B (500/3‚ 0) Z = 2000 At point C (900/7‚ 400/7) Z = 2400 Either point D or C would be an optimal solution if profit for football changed
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Investigating the effect of pH on amylase activity Aim The aim of the experiment is to determine the effects of different pH and the rate of reaction on fungal amylase and starch. Introduction The enzyme amylase is found in the human body‚ it catalyses the hydrolosis of internal glycosidic bonds in polysaccharides‚ the breakdown of starch into sugars. Amylase is present in human saliva‚ where it initiates the chemical process of digestion. Enzymes work best at an optimum pH of 7 which
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