REA Company signed a three-year contract to provide sales training to the employees of Chili Company. The contract price is €1 400 per employee and the estimated number of employees to be trained is 300. The expected number to be trained in each year and the expected training costs follow. Payment is made as €210 000, €126 000 and €84 000 in 2014, 2015 and 2016 respectively 2014 2015 2016 Total Number of employees 100 100 100 300 Training costs incurred €55.000 €40 000 €50.000 €145.000 Requirement For each year, compute the revenue and expenses reported assuming revenue is recognised using the percentage-of-completion method, where percentage- of-completion is determined by the costs incurred. Round the final answer to the nearest integer

Midterm 1- What is the deal?" is a company in West Windsor, NJ operated by Pam Smith. The company has two activities. Here are the facts: A. Subscriptions: The company provides maintenance of the equipment including back-ups and charges $50 weekly. B. Technical repairs: These repair services are priced $100 per hour plus materials. The materials are charged 20% over the purchase price and the employees are paid $30 per hour. The overhead for 2024 was estimated to be $20,000, and the estimated hours of labor 2,000. The company allocates the costs based on the number of hours of labor. Durante the first week of January they sold 10 subscriptions and received four computers to be repaired. The maintenance required 1 each. The information about orders is attached: Materials Labor cost Order 01 $120 $60 Order 02 $200 $120 Order 03 $100 $60 1. Determine the total cost of serving each client. 2. Calculate the profitability of each order and the profitability of the subscriptions. Order 04 $50…

1.3 REQUIRED Calculate the earnings of Amanda for the day using the straight piecework incentive scheme. INFORMATION The standard time to produce a product is 10 minutes. Amanda is paid R120 per hour and the normal working day is 8 hours. If Amanda produces more than her quota, she receives 1.5 times the hourly rate on the additional output. Amanda produced 54 units for the day.

Decision on Accepting Additional Business Brightstone Tire and Rubber Company has capacity to produce 247,000 tires. Brightstone presently produces and sells 189,000 tires for the North American market at a price of $93 per tire. Brightstone is evaluating a special order from a European automobile company, Euro Motors. Euro is offering to buy 29,000 tires for $78.15 per tire. Brightstone's accounting system indicates that the total cost per tire is as follows: Direct materials $35 Direct labor 13 Factory overhead (70% variable) 21 Selling and administrative expenses (40% variable) 19 Total $88 Brightstone pays a selling commission equal to 5% of the selling price on North American orders, which is included in the variable portion of the selling and administrative expenses. However, this special order would not have a sales commission. If the order was accepted, the tires would be shipped overseas for an additional shipping cost of $5 per tire. In addition, Euro has made…

QUESTION 2 The unadjusted trial balance of Rayyan Resources (RR) Bhd based in Kuala Lumpur contained the following accounts on 31 December 2020, the end of the company's fiscal year. Debit (RM) 212,300 30,500 Accounts Credit (RM) Bank Accounts receivable Office supplies Prepaid insurance Merchandise inventory 11,500 18,000 44,700 215,550 235,100 Land Building Accumulated depreciation-Building Store equipment Accumulated depreciation-Store equipment Delivery truck Accumulated depreciation- Delivery truck 75,000 185,350 52,000 158,150 46,000 Goodwill 62,000 Notes payable Accounts payable Unearned revenue 51,000 48,500 36,000 440,000 65,250 Ordinary share capital Capital reserves Retained earnings 225,000 Rent revenue 39,550 Dividends 12,000 Sales 753,950 8,800 397,400 Sales returns and allowances Cost of goods sold Gain on revaluation of properties 13,700 Loss on sale of land 20,400 Salary and wages expenses Advertising expenses Utilities expense Interest expense Delivery expense Repair…