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Determine the minimum price Hopkins would want to receive if the goal is to increase before tax profits by $30,000 on the special order of 1,000 units.
Complete the following three exercises and submit to your instructor. Be sure to show your work for calculations to earn full credit.Sales and Production Budgets.
Manufacturing overhead cost was applied to production on the basis of 40,000 machine-hours actually worked during January.
Obtain company reports and company financial statements from public sources. LexisNexis and annual reports from corporate Web sites for public companies are sources that may be useful.
During 2009, their credit sales were $1,173,000 and collections on A/R were $1,150,000. The following additional transactions occured during the year.
What is the overall change in working capital resulting from the following changes? $100 increase in inventories, $50 increase in accounts payable, $40 decrease in accounts receivable, $20 decrease
This company is considering purchasing a new sewing machine at a cost of $2.5 million. Its existing sewing machine was purchased 5 years ago at a price of $1.8 million.
How much cost should have been assigned to the units completed and transferred to finished goods? (Omit the "$" sign in your response.)
Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.
Mancuso Corporation amended its pension plan on January 1, 2010, and granted $160,000 of unrecognized prior service costs to its employees.
Ashley Adams and Michael Rovell formed a partnership in which the partnership agreement provided for salary allowances of $45,000.00 and $35,000.00, respectively.
In preparing an adjusting entry for depreciation, an accountant debited depreciation expense and credited accumulated depreciation $500. The adjusting entry means (i) the value of the equipment dec
Brighten Company applied overhead using machine hours as the allocation base, at a rate of $16 per machine hour. Job 324 requires $620 worth of material, 7 hours of labor at $18 per hour and 10 mach
Calculate the manufacturing overhead cost per metal casement manfufactured during the period.Comment on the adequacy of costing system
Journalize the entries for the issuance of the note and the four annual note payments. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
What is the dollar value of the widget inventory at the end of the year using full costing?What is the dollar value of the widget inventory at the end of the year using variable costing
Carol Keene, corporate comptroller for Dumaine Industries, is trying to decide how to present "Property, plant, and equipment" in the balance sheet.
Ending inventory in the assembly department consists of 700 units which are 50% complete with respect to conversion costs. The beginning inventory consisted of 2,000 units.
The ending Work in Process inventory in the mixing department contains 300 units that are 30% complete with respect to labor costs. How many equivalent units are in the ending inventory?
Compute the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs.
Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in-process. During May, 11,000 units were completed and 3,000.
An investor sells short 200 shares of stock at $15 per share. The initial margin requirement is 60%. The investor earns no interest on funds in the margin account and no dividends are paid.
Department Alpha had no beginning inventory. The department added direct materials of $100,000 and conversion costs of $150,000 during the month of July. Materials are added at the beginning of the
Receive Brokerage advice from Edwards Jones for purchase of 500 shares of Microsoft at $49.20 per share plus $400 broker's commission. Prepare transaction and record the payment in journal and ledge
The Nazareth Company's mixing department incurred conversions costs of $650,820 during January, after recording a beginning Work in Process inventory of $30,430 for conversion costs.