Best dollar conversion rate
[DOC File]Chapter 7--Standard Costing and Variance Analysis
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Standard fixed OH rate per DLH $1 Standard variable OH rate per DLH $4 Budgeted monthly DLHs 40,000 Actual DLHs worked 39,500 Standard DLHs allowed for actual production 39,000 Overall OH variance-favorable $2,000 The total applied manufacturing overhead for August should be. a. $195,000. b. $197,000. c. $197,500. d. $199,500. ANS: A
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Net present value is considered the most dominant method. A higher rate of return will result in a lower net present value and vice versa. It shows the total value of the investment minus the initial investment cost. It takes into consideration the concept ‘a dollar is worth more today than a dollar tomorrow’.
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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1. Budgeted indirect-cost rate = $13,000,000 ÷ $5,000,000 = 260% of professional labor costs. 2. At the budgeted revenues of $20,000,000, Taylor’s operating income of $2,000,000 equals 10% of revenues. Markup rate = $20,000,000 ÷ $5,000,000 = 400% of direct professional labor costs. 3. Budgeted costs. Direct costs: Director, $200 ( 3 $ 600
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Adjusted income tax for 2020 estimates a 23.0% effective rate Adjusting items includes the following: loss on impairment, Sunseeker net income/(loss), stock compensation expense, amortization of debt issuance costs, (gain)/loss on disposal of assets, tax provision - in …
[DOC File]OVERVIEW OF THE CONVERSION PROCESS
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Limit and reasonableness tests should be done on inventory quantity and dollar amounts. Entry of redundant data, such as inventory number and description, provides high rejection rate for invalid entries. 5. Processing Controls. a. batch controls / batch balancing. record counts. control totals / control logs. cross footings. hash totals. b.
[DOC File]ANSWERS TO QUESTIONS
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(a) Adis Abeba Wholesalers Inc. Computation of Internal Conversion Price Index for Inventory Pool No. 1 Double Extension Method Current inventory at current-year cost 2006 2007 Product A 17,000 X $35 = $595,000 13,000 X $40 = $520,000 Product B 9,000 X $26 = 234,000 10,000 X $32 = 320,000 $829,000 $840,000 Current inventory at base cost Product ...
[DOCX File]Appendix D - Sample Budget and Justification
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Indirect cost rate: Indirect costs can only be claimed if your organization has a negotiated indirect cost rate agreement or cost allocation plan. ... UNDER THIS SECTION REFLECT OTHER NON-FEDERAL SOURCES OF FUNDING BY DOLLAR AMOUNT AND NAME OF FUNDER e.g., Applicant, State, Local, Other, Program Income, etc. Other support is defined as all ...
[DOC File]Chapter 17 Foreign Exchange Risk
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Assume that sterling and the US dollar are at PPP equilibrium, at the current spot rate of $1.50/£, i.e. the sterling price x current spot rate of $1.50 = dollar price. The spot rate is the rate at which currency can be exchanged today. The US market. The UK market. Cost of item now. $3,000. $1.50. £2,000 Estimated inflation. 5%. 3%. Cost in ...
[DOC File]Bangladesh Bank Home
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The Statements made above are true to the best of my knowledge and belief. 6. (In case of purchase of Bond abroad); I select.....branch of your banks as the paying office . 7. I hereby agree to abide by the U.S. Dollar Premium Bond Rules, 2002. Yours faithfully, Signature of purchaser. Name in …
[DOC File]1 - CPA Diary
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Thus, the company is considering a 1-year bank loan for $9,800 (98% of the invoice amount). If the effective annual interest rate on this loan is 12%, what will be the net dollar savings over the year by borrowing and then taking the discount on the materials? A. $3,624 B. $1,176 C. $4,800 D. $1,224 Answer Sheet. Theory Problems. 1. C 16. B 1 ...
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