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(a) Using the existing scheme, determine the overhead application rate and price for Flights A, B, and C.

(b) Is "job" costing appropriate for a "nonmanufacturing" business like Wild Country?

(d) Using engine hours to allocate overhead, and classifying pilot salaries as direct labor and fuel as a direct materials cost, prepare a revised pricing schedule for the three flights (continue to assume that flights are priced at 125% of cost).

(e) If pricing is revised as described in part (d), what is the likely result on profits?

(f) If Vinita indicates that she wishes to build a "lean" organization, to what is she generally referring?

(g) Obviously, safety and quality are important features of air transport. If Vinita embraces "six sigma" concepts, what is her general objective for Wild Count?

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Accounting Basics, Accounting

Category:- Accounting Basics
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