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How many units must be sold to achieve a target profit of $5,000?Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales?
Sutherland manufactures and sells 110,000 laser printers each month. A principal component part in each printer is its paper feed drive. Sutherland's plant currently has the monthly capacity to prod
Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $6,000 and the total fixed expens
On July 25, 2010, Karen, who is single, gives stock with a FMV of $7,500 and a basis of $8,000 to Bill. Karen had purchased the stock on March 18, 2010. Bill sold the stock on April 18, 2011 for $6,
For 2010, Omaha Mechanical has a monthly overhead cost formula of $42,900 + $6 per direct labor hour. The firm's 2010 expected annual capacity is 78,000 direct labor hours, to be incurred evenly eac
Melody inherited 1,000 shares of Corporation Zappa stock from her mother who died on March 4 of the current year. Her mother paid $30 per share for the stock on September 2, 1995.
Multiplastics purchased a machine in January 1 that cost $300,000, has a residual value of $20,000 and a useful life of seven years. The amount of depreciation expense for the third year, under the
A certain government passed its budget for the fiscal year ended December 31, 2014. Estimated Revenues amounted to $13,000,000; Appropriations amounted to $11,900,000.
Bell Company, a manufacturer of audio systems, started its production in October 2012. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system m
An office building was purchased on December 9th several years ago for $2,500,000. The purchase price was allocated as follows: building $2,000,000, landscaping $100,000, and land $400,000.
Calculate Smith's maximum depreciation expense for 2013, rounded to the nearest whole number (ignore bonus depreciation for 2013).
Allcell Manufacturing is a division of Birch Communications, Inc. All cell produces cell phones and sells these phones to other communication companies, as well as to Birch.
Dexter Corporation, which uses a job costing system, had two jobs in process at the end of 20x0: job no. 59 (WIP balance = $90,000) and job no. 60 (WIP balance = $39,500).
Bombadier Industries manufactures aircraft-related electronic devices. Bombadier borrows heavily to finance operations. Often Bombadier is profitable because it can earn operating income much higher
Lindsey operates a small chain of ski/snowboard shops in Colorado. In November of 2013, she decided to attend a two-day management training course. Lindsey could choose to attend the course in Denve
Western Bank & Trust purchased land and a building for the lump sum of $3 million dollars. To get the maximum tax deduction, Western allocated 90% of the purchase price to the building and only
Palmer Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data.
Bill Hildebrand and Melissa Nordhaus opened Party-Time T-Shirts to sell T-shirts for parties at their college. The company completed the first year of operations, and the owners are generally please
Prepare an analysis showing the total contribution margin if the additional hours are allocated entirely to the product identified above assuming 1,530 additional machine hours are available.
Wiengot Antennas,Inc produces and sells a unique type of TV antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been provided fo
Sally is a 16-year-old dependent of her parents. During 2013, Sally earned $1,800 working part time jobs and she received $1,650 of interest income from corporate bonds that were given to her last y
Toby worked as an employee during the first half of 2013 earning $80,000 of salary. Toby's employer withheld $4,960 of Social Security tax and $1,160 of Medicare tax.
Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $110 per unit. Variable expenses are $77 per stove, and fixed expenses associated with t
Purchased airline tickets for $300 in December 2010 for a trip will not take place until 2011.What is Wilton's 2010 net income using accrual accounting?
Amfac Company manufactures a single product. The company keeps careful records of manufacturing activities from which the following information has been extracted?