What amount must be remitted to the state
Morgan Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $19,080. If the sales tax rate is 6%, what amount must be remitted to the state for February's sales taxes?
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Labor 17,000 hours at $2.50 per hour. Actual units produced 9,000. Compute the following: materials purchased price variance, labor efficiency variance, materials quantity (usage) variance and labor rate variance.
Complete the following departmental income statements, showing projected results of operations for the three sales departments. (Round amounts to the nearest whole dollar.)
Calculate the current break-even point in units and the break-even point in units if the new production machine is purchased. Show your answers in the spaces provided and use the space below the answer blocks to show your calculations.
Indicate whether each of the following actions is primarily related to (a) acquisition of long-term assets, (b) evaluating the adequacy of financing of long-term assets, or (c) applying the matching rule to long-term assets.
An outside supplier has offered to sell Gargoyle the 20,000 widgets necessary to meet production needs this period for a lump-sum of $150,000. What should Gargoyle do if it wants to maximize its profit for the period?
Information about the selling price per unit and variable costs per unit of each product is shown. Which products should be produced and filled first, then second, and then third? Show supporting calculations.
Beazer's capacity is sufficient to produce the extra 350 units. No selling expenses would be incurred on the special order. Should Beazer's management accept the offer? What will be the net change to profits?
How much is the budgeted balance for Accounts Payable at October 31, 2013?
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