Answer: Scenario 1a Requirement 1 Australian division income Transfer at Full manufacturing cost Market price of comparable imports Revenue $ 8,000,000.00 $ 9,500,000.00 Full manufacturing cost $ 8,000,000.00 $ 8,000,000.00 Operating income &...Read More >>
Answers: 1.Under the accrual basis of accounting, revenue is recorded when it is actually earned and not when the cash is received. As per the given case of Linbarger Company, accounts receivables shows a balance of $150,000 by Oconto Distributors which must have been recorded when the sales was made to it. However, the said amount cannot be shown as received in the cash or bank account until and unless it has been actually received unde...Read More >>
Answers: Answer a. The following table shows the profit that a company may have when it produces and sell 40000 boxes. Particulars NO. of units Price per unit Amount Sales 40000 9.5 380000 Less: Variable cost Direct material 40000 4 160000 Direct labour 40000 2 80000 Variable overhead 400...Read More >>
Answers: Answer (a) Computation of Monthly Profit During Summers Particulars Amount No of Boxes 40,000.00 Sales 380,000.00 Less: Manufacturing Cost Direct Material 160,000.00 Direct Labour 80,000.00  ...Read More >>
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