HORNGREN'S FINAN.+MNGRL...:FINAN.CHAP.
7th Edition
ISBN: 9780136505310
Author: MILLER-NOBLES
Publisher: RENT PEARS
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Assume that none of the fixed overhead can be avoided. However, if the robots are purchased from Tienh Inc., Crane can use the
released productive resources to generate additional income of $375,000. (Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g. (45).)
Direct materials
Direct labor
Variable overhead
1A
Fixed overhead
Opportunity cost
Purchase price
Totals
Make
A
Buy
$
SA
Net Income
Increase
(Decrease)
$
Based on the above assumptions, indicate whether the offer should be accepted or rejected?
The offer
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- The following is a list of balances relating to Phiri Properties Ltd during 2024. The company maintains a memorandum debtors and creditors ledger in which the individual account of customers and suppliers are maintained. These were as follows: Debit balance in debtors account 01/01/2024 66,300 Credit balance in creditors account 01/01/2024 50,600 Sunday credit balance on debtors ledger Goods purchased on credit 724 257,919 Goods sold on credit Cash received from debtors Cash paid to suppliers Discount received Discount allowed Cash purchases Cash sales Bad Debts written off Interest on overdue account of customers 323,614 299,149 210,522 2,663 2,930 3,627 5,922 3,651 277 Returns outwards 2,926 Return inwards 2,805 Accounts settled by contra between debtors and creditors ledgers 1,106 Credit balances in debtors ledgers 31/12/2024. 815 Debit balances in creditors ledger 31/12/2024.698 Required: Prepare the debtors control account as at 31/12/2024. Prepare the creditors control account…arrow_forwardSolnarrow_forwardSolution neededarrow_forward
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