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Make journal entries required to dispose off over or under applied manufacturing overhead assuming it is allocated among work in process, finished goods and cost of goods sold based on ending balace
A company recorded for the past year a sales of 500,000 and an operating incme of 40,000. What is the turnover needed to earn in order to achieve an ROI of 20%?
A company has the budget for manufacturing overhead based on direct labor hours. budgeting at 10,000 direct labor hours are as follows. Variable costs= 160000.
Butterfly world's budgeted sales from april were estimated at $500,000, sales commissions at 4% of sales, and the sales manager's salary at $80,000,.
What value can management derive from a Balance Scorecard? How does the management accountant contribute??
A company is considering the purchase of new equipment for $45,000. The projected after-tax net income is $3,000 after deducting $15,000 of depreciation. The machine has a useful life of 3.
What sales volume in dollars is required to have $10,000 in net income? $50,000 in net income? $100,000 in net income.
Talia Corp. produces digital cameras. For each camera produced, direct materials are $24, direct labor is $16, variable manufacturing overhead is $12, fixed manufacturing overhead is $28, variable s
Pert Corporation manufactures state-of-the-art DVD players. It is a division of Vany TV, which manufactures televisions. Pert sells the DVD players to Vany, as well as to retail stores.
Determine the amount of depreciation expense to be recorded on the machine for the years 2012 and 2013 under each of the following methods:
Custom Shoes Co. has gathered the following information concerning one model of shoe:Variable manufacturing costs $50,000
Compute the inventory at December 31, 2005, 2006, & 2007 using the dollar-value LIFO method for each year. (round all computations to the nearest dollar)
Would your answer change if Ellen Electric could use the capacity that would become available to produce additional income of $125,000? Explain
Assume Do It Corp. is taxed at 25% on all of its income. They are considering buying a large amount of new equipment ($800,000). They have determined that the units method would not be realistic. Th
Shannon Company is planning to produce 2,000 units of product in 2014. Each unit requires 3 pounds of materials at $5 per pound and a half-hour of labor at $15 per hour. The overhead rate is 70% of
On June 8, Alton Co. issued an $76,466, 7%, 120-day note payable to Seller Co. Assuming a 360-day year for your calculations, what is the maturity value of the note? TY
Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains twelve quarts of synthetic oil.
What is the highest price that Talboe could pay the outside supplier for each wheel and still be economically in different between making or buying the wheels?
XYZ Company had 500,000 common shares authorized, 250,000 shares issued. They had 22,000 shares in treasury stock. They declared a dividend of 40 cents per share.
A-One HVAC started selling annual maintenance agreements for $100 in January. This entitles the customer to two maintenance calls - one in May and one in October. A-One also performs maintenance c
The management of Freshwater Corporation is considering dropping product C11B. Data from the company's accounting system appear below.
You expect a return of 6%. How much would you be willing to pay for a $1,000, 5 year bond if the stated rate on the bond is 4% and interest is paid annually?
What is the lowest price Austin should be willing to accept for one afghan as long as it can sell spindles of yarn to the outside market for $16 each?
Truck was purchased on 3/1/06 for $30,000. Expected to have a trade in value of $3,000 at the end of its expected useful life of 3 years. What is the amount of depreciation expense for the year endi
The city of Albuquerque would probably not use a capital projects fund for which of the following assets?Construction and installation of new sheslving in the mayor's office.