Homework Answers
QUESTION NO :14
ANSWER
IN ORDER TO FIND OUT STANDARD COST ,ADD ALL PER UNIT COSTS;
MATERIAL : 15LB + LABOR 12/HR+ FIXED OVERHEAD 31/UNIT*+ VARIABLE OVERHEAD 11/UNIT = $69
FIXED OVERHEAD 31 IS CALCULATED BY DIVIDING TOTAL FIXED OVERHEAD OF 62000 BY THE NUMBER OF UNIT ,IE, 2000
QUESTION 21
ANSWER
ADJUSTMENT MADE TO NET INCOME WHEN CALCULATING RESIDUAL VALUE FOR ACCOUNTING DISTORTIONS
QUESTION 24
ANSWER
ACCOUNTING DISTORTIONS
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