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A study has been conducted to determine if one of the departments in Syles Company should be discontinued. The sales in this department are $80,000 per year and the variable costs are $30,000 per year. Fixed expenses charged to the department are $65,000 per year. It has been determined that $40,000 of these fixed expenses could be eliminated if the department is discontinued. What would happen to Syles Company's overall net income if this department were discontinued? Prepare a Segmented Income Statement (showing Segment Margin to support your answer.)
Compute the depreciation expense for 2011 and 2012 uder straight-line,units of activity,double-declining balance method.
kelm company purchased a new machine on october 1 2010 at a cost of 142300. the company estimated that the machine will
Blue should have taken $455 and $3,636 cost recovery in 2005 and 2006. On January 1, 2007, the asset was sold for $98,000. Calculate the gain or loss on the sale of the asset in 2007.
lindex company uses a process costing system. the following data are available for one department for octoberpercent
broucek inc. makes baby furniture from fine hardwoods. the company uses a job-order costing system and predetermined
on january 1 2012 sammy corp. granted an employee an option to purchase 9000 shares of sammys 5 par value common stock
1. a fully depreciated asset a. must be removed from the booksb. should continue to be depreciated until it is disposed
What are the differences between job cost and process cost systems? When would it be appropriate to use each type of system? What is the effect of each system on the product cost?
Evaluate the reasons for the selection of the cost drivers in the discussion above and the potential impact the cost drivers will have on accurately reflecting costs and overall performance of the business.
JC Accounting performs two types of services, Tax and Consulting. JC's overhead costs consist of computer support, $200,000; and legal support, $100,000. Information on the two services is:
On February 5, 2010, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30, from Midwest Seed Co. Even though the discount period had expired, Lydia DeLay subtracted the discount of $500 when she processed the..
wilton company had the following transactions during 2010. sales of 5400 on sold on account account collected 2400
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