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Direct materials $108,000 Direct labor 156,000 Variable factory overhead 72,000 Fixed factory overhead 168,000 Total costs $504,000 Of the fixed factory overhead costs, $72,000 are avoidable.
Stangle Company manufactures ties. When 28,000 ties are produced, the costs per unit are: Direct materials $0.60 Direct manufacturing labor 3.00 Variable manufacturing overhead 1.20 Fixed manufactur
Pimples and Fluffy are the owners and operators of Spaz, Inc., a Texas corporation selling retail electronic products from a shop in a Dallas mall.
Westin Watercraft's predetermined overhead rate for year 2011 is 200% of direct labor. Information on the company's production activities during May 2011 follows.
A company uses activity-based costing to determine the costs of its three products: A, B and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the fo
Calculate Darby Sporting Goods Inc.'s 2013 depreciation expense, for book purposes, for each of the properties acquired from Encino Athletic Equipment Company.
Scottso Enterprises has identified the following overhead costs and cost drivers for the coming year: Budgeted direct labor cost was $200,000, and budgeted direct material cost was $800,000.
A company has identified the following overhead costs and cost drivers for the coming year: Budgeted direct labor cost was $100,000, and budgeted direct material cost was $280,000.
Based on the onformation below prepare a horizontal analysis?Based on the information below prepare a vertical analysis?
A firm has targeted a 20% growth in sales this year. Last year's cash as a percent of sales was 10%, accounts receivable 30%, and inventory 25%.
A company has a minimum required rate of return of 10%. It is considering investing in a project that costs $50,000 and is expected to generate cash inflows of $25,000 at the end of each year for th
Financial managers must understand variance between budgeted expectations and actual performance. An INTENSITY VARIANCE reflects
Identify any resource conflicts in the above project. State the activities involved, the time frame of the conflict(s), the personnel in conflict, and the number of people involved.
Prepare a schedule computing the threshold for asset amounts that should be used to determine which funds must be reported as major. Identify which funds are major funds.
All expenses of the Maestro and the Classical Music Appreciation Programs are payable from donor restricted resources.
How much tax can be saved if John shifts $1,900 of income to his 18 year old dependent son? John is in the 25 percent tax bracket and his son has no other taxable income in 2012.
Another machine with a book value of $500 was scrapped and was reported as an ordinary loss. No cash was received on this transaction.
The following information is available: Actual Inputs for Actual Price Each Unit of Output Per Unit of Input Direct materials 11 yards $12 per yard Direct labor 4.2 hours $8 per hour Actual output w
Your company is in need of quick cash to afford a project opportunity, so the firm decides to factor $100,000 of its receivables without recourse instead of waiting for collections.
Argonaut Enterprises had 500,000 shares of common stock outstanding on January 1. On june 1, Argonaut issued an additional 60,000 common shares. Argonaut has no treasury stock.
Farah Snack Co. has earnings after taxes of $150,000. Interest expense for the year was $20,000; preferred dividends paid were $20,000; and common dividends paid were $30,000.
Irma Watts and John Lyon are forming a partnership to which Watts will devote one-half time and Lyon will devote full time.
Net income 530,000 Cash dividends declared 80,000 Stock dividends declared 220,000 Prepare a retained earnings statement for the fiscal year ended April 30, 2012.
Boyle's Home Center, a retailing company, has two departments, Bath and Kitchen. The company's most recent monthly contribution format income statemen.
A single stage window at the post office experiences an average arrival rate of 14 people per hour and can service on the average 15 per hour. If the service rate is increased to 18 per hour, an in