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You are the management accountant of MB plc, a company producing electrical goods. The MD has asked you to analyse the performance of one of its products the 'Toastie', which has performed poorly in the financial year just ended.The budgeted information for the year is as follows:
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A young entrepreneur who has developed a new innovative product has been invited to pitch on the BBC TV programme 'Dragons Den'. The product is called 'Boot Magic' and is de
A company manufactures two products, X & Y. It uses three materials in its manufacture, A, B and C and both unskilled and skilled labour are used. The standard costs for bot
A monopolist firm faces a demand with constant elasticity of -2.0. It has a constant marginal cost of $20 per unit and sets a price to maximize profit. If marginal cost should
What would the equilibrium price and quantity be in a competitive industry? What would the social gain be if this monopolist were forced to produce and price at the competitiv
If Mowen Company offers to buy the special order units at $65 per unit, the effect of accepting the special order on Melville's operating income next year should be a what?
Sally and Tom decide to go into business, selling discounted merchandise through their website e-buy.They sign a partnership agreement that requires Sally to contribute $12,00
A manufacturing company produces 80,000 units of product A at a total cost of $2.4 million. Total fixed costs are $1.4 million. If the company increases production by 25% and
A manufacturing company produces and sells 40,000 units of a single product. Variable costs total $80,000 and fixed costs total $120,000. If unit is sold for $8, what markup p
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