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The Franc Zeppo Venture manufactures a product that goes through two processing departments. Information relating to the activity in the first department during April is given below :Work in process, April 1: 50,000 units (80% completed for materials and 60% completed for conversion.Work in process, April 30: 45,000 units (70% completed for materials and 60% completed for conversion.The department started 380,000 units into production during the month and transferred 385,000 completed units to the next department.Compute and calculate the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs.
What relevant costs might you consider in deciding whether to accept the order at reduced selling price? What costs would you not consider when making your decision? Why are these costs not relevant?
Janice has interest income of $5,000 on certificates of deposit at Second Bank. Janice makes estimated tax payments of $17,000 for 2011 and compute Janice Morgan=s 2011 Federal income tax payable
Calculate the contribution each of the three alternatives will make to Grumbles Industries' pre-tax profits and what is the lowest price Grumbles Industries should accept?
The State Opera Theatre gains significant revenue from ticket sales at each opera performed during the season. The sale of souvenir programs for all performances of each opera also adds to profitability.
Prestige Computers is trying to decide whether to produce and sell a new home computer software package that includes the ability to interface with a sewing machine and a vacuum cleaner. There is no such software currently on the market.
Prepare the journal entry to record the stock split if it is not to be effected in theformof a stock dividend.
Under what method does the balance in allowance for doubtful accounts have no bearing on the journal adjusting journal entry?
"Breakeven analysis isn't very useful to the company because companies require to do more than break even to survive in the long run." Describe why you agree or disagree with this statement.
Investigate and prepare a detailed, yet succinct report, which demonstrates a thorough review of the extant literature.
Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units.
In Excel spreadsheet, show whether this project is economically feasible. Would the majority approve this project (explain)? Does the project meet Pareto efficiency criterion (explain)?
What are the components of a budget? Are they same for every organization? Why or why not? Should every organization forecast its operating budget? Why or why not?
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