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The Dollar Store cost structure is dominated by variable costs with a contribution margin ratio of .30 and fixed costs of $30,000. every dollar of sales contributes 30 cents toward fixed costs and p
If the liabilities of a company increased $92,000 during a period of time and equity in the business decreased $30,000 during the same period, did the assets of the company increase or decrease? By
Lundholm Corp. is considering the purchase of a robotic machine that would replace a manual labor production task. This project would require an upfront cash commitment of $2,000,000.
A client billed on November 12 indicated that a $2,000 receivable due Bayou Computer Services Enterprises would not be paid for 90 days.
A company is considering purchasing a machine that costs $320,000 and is estimated to have no salvage value at the end of its 8-year useful life.
For each of the following items, indicate whether it would appear on a statement of cash flow prepared using the direct method (D) or indirect method.
SRB Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do.
At the end of the year, X Company had sold 64,600 units of its regular product for $897,940. A company offered to buy 4,850 units for $11.94 each.
Batista company management wants to maintain a minimum monthly cash balance of $20,000. At the beginning of April the cash balance is $22,000, expected cash receipts for April are $245,000, and cash
The Stamford Times has determined that the annual printing of 900,000 newspapers costs 14 cents per copy. If production were to be increased to 1,500,000.
Mateo Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs).
To maximize Walters Company’s manufacturing contribution margin, how much total separate variable cost of further processing should be incurred each week?
Scheer Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $449,800.
Weller Company's variable manufacturing overhead should be $1.15 per standard machine-hour and its fixed manufacturing overhead should be $33,000 per month. The following information is available fo
8-1-x1 we bought a truck for a company use. the truck cost 195,000. we estimated that the truck would have 5 year life,last 190,000 miles and have a 15,000.
The cost accountant determined $2,700,000 of the communication network's costs were fixed and should be allocated based on the number of calls.
Walters Company produces 15,000 pounds of Product A and 30,000 pounds of Product B each week by incurring a joint cost of $400,000. These two products can be sold as is or processed further.
Kerry Corp purchased a used bottling machine from Bob's Bottling Inc. on Jan 1, 2012 for $2100000. Bob accounted for the sale correctly under the installment sales method. It had a book value of $15
Equivalent Production: Average Costing Method.Using the data in E 4 and assuming that the company uses the average costing method, compute the equivalent units of production for direct materials.
Swanson Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2011, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on Mar
The management of Baggerly Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity.
Prepare a manufactoring overhead budget . duncan compnay combines its operating expenses for budget purposes in a selling and administrative expense budget. for the first 6 months of 2012
Bagley Company has two service departments and two producing departments. Square footage of space occupied by each department follows:
Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes).
Pantanal, Inc., manufactures car seats in a local factory. For costing purposes, it uses a first-in, first-out (FIFO) process costing system. The factory has three departments: Molding, Assembling,