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Sprint Manufacturing Company produces two products, X and Y. The following information is presented for both products: X Y Selling price per unit $30 $20 Variable cost per unit 20 5 Total fixed costs are $292,500. Required: a. Calculate the contribution margin for each product. b. Calculate breakeven point in units of both X and Y if the sales mix is 3 units of X for every unit of Y. c. Calculate breakeven volume in total dollars if the sales mix is 2 units of X for every 3 units of Y.
Fulton will report investments in its current assets section of :
If I can reduce my costs by $40,000 during this last quarter, my division will show a profit that is 10% above the planned level, and I will receive a bonus of $10,000.
While examining cash receipts information, the accounting department determined the following information: opening cash balance $178.24, cash on hand $1,134.46, and cash sales per register tape $1,156.35.
Identify the components of internal control to which each policy or procedure relates. For each item, identify one other policy or procedure for that internal control component that is not on the preceding list.
Solutions Corporation, a computer vendor and consulting company, uses the accrual method of accounting. Its tax year is the calendar year. The following are three of the corporation's transactions during the current year:
An auditor determines that management integrity if high, the risk of account misstatements is low, and the client's internal controls are effective. Which of the following conclusions can be reached regarding the need to perform direct tests of ac..
Doug purchased a new factory building on January 15, 1987, for $4,000,000. On March 1, 2009, the building was sold. Determine the cost recovery deduction for the year of the sale assuming he did not use the MACRS straight-line method.
Miss Nadia has to choose the better of two equally costly cash flow streams, annuity A and annuity B. Find the future value at the end of year 6, FVA6, for both annuities.
In a balanced scorecard for a large financial bank ,do the different measures carry different weights? And if so, what measure has the largest weighting (counts the most)and why?
A performance report for direct labor shows a variance between the budget and actual amounts. This difference is a:
part of the total outstanding shares but not part of the total issued shares of a corporation
Which below may solve Dave's concern and still maintain the integrity of a standard costing system and not impact the company's operations. A) Use variable costing to calculate the overhead variances.
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