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The following standards for variable overhead have been established for a company that makes only one product.
How would this application rate change if the secretarial costs, staff benefits, and telephone and mailing costs were reclassified as direct costs instead of overhead, and overhead was assigned base
In June the company produced 5,400 units using 34,190 grams of the direct material and 2,700 direct labor-hours. During the month the company purchased 25,300.
Linda wants to use the $241,300 proceeds ($163,000 + $20,000 + $58,300 = $241,300) from sale of the securities to open a retail store under a 12-year franchise contract.
The statement of shareholders' equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively.
Preferred stock was purchased at its par value of $24,000. The stock paid a 7% dividend (based on par value) each year for 3 years. At the end of 3 years, the stock was sold for $20,000.
All of the above items, except for depreciation, represent cash flows. The company's required rate of return is 12%.Compute the project's internal rate of return to the nearest whole percent. Ignore
A total of 30,000 units were sold last year. The contribution margin per unit was $2, and fixed expenses totaled $20,000 for the year. This year fixed expenses are expected to increase to $26,000.
Last year, Farrer Corporation had sales of $1,500,000, variable expenses of $900,000, and fixed expenses of $400,000. What would be the dollar sales at the break-even point?
Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2015, comparing the two approaches. Assume all net income earned in 2013-2015 was distributed to shareholders a
Washington industries had budgeted MOH of $90,000 and anticipated using 25,000 machine hours during the period. Actual MOH was $95,000 and OH added to jobs was $97,000. How much OH was overapplied o
Fixed expenses are $913,000 per month. The company is currently selling 9,000 units per month. Management is considering using a new component that would increase the unit variable cost by $6.
Pool Company's variable expenses are 36% of sales. Pool is contemplating an advertising campaign that will cost $20,000. If sales increase by $80,000, the company's net operating income should incr
The company is currently selling 5,000 units per month. Fixed expenses are $302,000 per month. Consider each of the following questions independently.
Prepare the company's statement of owner's equity for the year ended June 30, 2014. Assume that there were no contributions made by the owner during the year.
This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order.
What are the acceptable inventory valuation methods under the U.S. Generally Accepted Accounting Principles (GAAP)?How does each affect the valuation of inventory?How does each affect cost of goods
Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day of sales in accounts receivable require?
Discuss how and why interest expense is allocated between measurement periods.As a business manager should you be concerned when notes payable are used in funding the operations of the business.
On February 5, land, building and equipment were purchased for a total amount of $1,220,000. The assessed values of these purchases were, Land - $793,000; Building - $305,000; Equipment - $427,000.
Foyert Corp. requires a minimum $7,500 cash balance. If necessary, loans are taken to meet this requirement at a cost of 2% interest per month (paid monthly).
Write a short story about the company based on the information from the financial statements you just prepared. You may want to include comments about the profitability and debt load of the company.
Should ROI be the only gauge a company uses to evaluate investments? Also, is it wise for a company to lose money on one product if that product is vital to the sale of another extremely profitable
Sunkiss Corporation has $4 billion in assets, $3 billion in equity, and earned a profit last year as the economy boomed of $100 million. Senior management proposed paying them a large cash bonus in