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Dilts Corporation sells three different models of mosquito "zapper." Model A12 sells for $52 and has variable costs of $44. Model B22 sells for $109 and has variable costs of $72.
Determine the cost of one unit of cobra and asp. assuming department overhead rate are used. Overhead is assinged based on machine hours in both deparments.
Haag Company has a unit selling price of $679, variable costs per unit of $423, and fixed costs of $219,000. Compute the break-even point in units using the mathematical equation and contribution m
For Turgo Company, variable costs are 60% of sales, and fixed costs are $185,000. Management's net income goal is $88,170. Compute the required sales needed to achieve management's target net incom
For Kozy Company actual sales are $1,311,500 and break-even sales are $890,500. Compute the following the margin of safety in dollars and the margin of safety ratio.
An employee earns $50 per hour and 2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week.
Prepare the journal entries needed on the books of Bismarck Company at each of the following dates. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Bill and Mary plan to marry in December of 2012. Bill's salary is $32,000 and he owns a residence. His itemized deductions total $12,000. Mary's salary is $39,000.
Airflow Company sells a product in a competitive marketplace. Market analysis indicates that their product would probably sell at $28.00 per unit. Airflow management desires a profit equal to a 20%
Even though you could treat every single item above separately, it is common to take the recurring annual costs and compute those as a subtotal to use in your computations.
Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings. The following transaction occured in 2011.
A business issued a 30-day, 7% note for $150,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including intere
A check for $1,920.00 returned with the statement was recorded incorrectly in the check register as $1,380.00. The check was for a cash purchase of equipment.
A simple "adiabatic bomb" calorimeter was used to measure the heat capacity of an unknown substance. Fifty-nine grams of the substance, was heated to 808 K and then placed in 3 liters of oil at 25&d
Krispy & Co manufactures a single product that goes through two processes, mixing and cooking. The following data are for the mixing department for June.
ABC Co reported a net income of $95,000 in 2013 and $90,000 in 2014. Assume that no corrections were made and ignore income taxes.
On January 1, 2013, ABC Company purchased a truck for $75,000. The truck was estimated to last five years with a salvage value of $10,000.
List the accounts and amounts that would appear on the income statement for the year ending December 31, 2016.
The agreed purchase price was $2,350,000, and this amount was paid in cash kto the previous owners of the Bell Company.prepare the entry for the Edge Company to record the purchase.
The income tax rate is 40% for all years. Prepare the journal entries for income taxes for the years 2012-2014. Please show work.
You have just been hired by SecuriDoor Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do w
The rental revenue is from rents collected in advance. The $30,000 will be earned evenly over the next two years (per GAAP).
In 2014, Bailey Corporation discovered that equipment purchased on January 1, 2012, for $45,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage va
The cost of equipment purchased by Charleston, Inc., on June 1, 2012, is $217,160. It is estimated that the machine will have a $12,200 salvage value at the end of its service life.
Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $114,953. It will have a useful life of 4 years and no salvage value. Annual cash inflows w