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Estimating costs based on behavior patterns. The following information provides the amount of cost incurred in May for the cost items indicated. During May 16,000 units of the firm's single product were manufactured.
Raw Materials: $83,200Factory depreciation expense: $81,000Direct labor: $198,400Production supervisor's salary: $12,200Computer rental expense $8,400Maintenance supplies used $1,600
Required:
A. How much cost would you expect to be incurred for each of these items during June when 19,200 units of the product are planned for production?
B. Calculate the average total cost per unit for the 16,000 units manufactured in May. Explain why this figure would not be useful to a manager interested in predicting the cost of producing 19,200 units in June.
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Amy, Beth, and Meg each own 100 of the 300 outstanding shares of Theta Corporation stock. Amy wants to sell her shares, which have a $40,000 basis and a $100,000 FMV. Either Beth and/or Meg can purchase Amy's shares (50 shares each) or Theta can r..
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Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $120,000.
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