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Selling price is computed by adding a 20% markup to full cost. How much should the selling price be per unit for 300,000 units?
Short-run pricing decisions include (a) pricing a main product in a major market (b) adjusting product mix and volume in a competitive market while maintaining a stable price if demand fluctuates fr
Major influences of competitors, costs, and customers on pricing decisions are factors of:
Major influences of competitors, costs, and customers on pricing decisions are factors of (a) supply and demand (b) activity-based costing and activity-based management (c) key management themes tha
Sondra deposits $2,000 in an IRA account on April 15, 2009. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2019
Mayberry Gas Corp. sells $200,000 of bonds to private investors. The bonds are due in five years, have an 8% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 6%. What pr
Assuming the business maintains a periodic inventory system, calculate the cost of merchandise sold and ending inventory under the following assumptions:
Company X sells $400 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's c
The company produces two products, Gert and Mill. Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using acti
Raven Corporation owns three automobiles that it uses in its business. It no longer needs two of these cars and is considering the possibility of distributing them to its two shareholders as a prope
The company plans to sell 22,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 100 and 400 units, respectively. Budgeted direct labor costs for
At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is:
ABC Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete). During the period, 110,000 units were started and the ending Work-in-Process Inventory consisted of 20,000 units
What would be the total variable maintenance cost at an activity level of 8,000 machine-hours in a month? Assume that this level of activity is within the relevant range.
The company's accountant concluded that the year's building depreciation should be allocated as follows: selling activities, 20o/o; admnistrative activities, 35oh; and manufacturing activities ,45oh
A company acquires a subsidiary and will prepare consolidated financial statements for exteral reporting purposes. For internal reporting purposes, the company has decided to apply the initial value
Define the concepts of present value, payback method, internal rate of return, or net present value and elaborate on your interpretation of their value as assessment tools for an accountant.
Dubois inc wishes to accumulate $1,300,000 by dec 31, 2020 to retire bonds outstanding. the company deposits $200,000 on december 31, 2010, which will earn interest 10% compounded quarterly, to help
Production workers for Kirby Manufacturing Company provided 280 hours of labor in January and 500 hours in February. Kirby expects to use 4,000 hours of labor during the year. The rental fee for the
Concerning a taxpayer's requirement to make quarterly estimated tax payments:
Ron, a calendar year taxpayer subject to a 35% marginal tax rate, claimed a charitable contribution deduction of $500,000 for a sculpture that the IRS later valued at $150,000. The applicable overva
Silver Corporation has average gross receipts of $5.6 million, $4.6 million, and $4.7 million in 2008, 2009, and 2010, respectively. Silver is:
Roosevelt Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. (a) Prepare the journal entry at the date
James received a check for $1,000 from one of his clients for work he performed in a prior accounting period. How should he record the receipt of this check?
During September 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were