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Production in 2012 for California Manufacturing, a producer of high-security bank vaults, was at its highest point in the month of June when 47 units were produced at a total cost of $550,000. The lowest point in production was in January when only 22 units were produced at a cost of $347,000. The company is preparing a budget for 2012 and needs to project expected fixed cost for the budget year. Using the high/low method, the projected amount of fixed cost per month is
$183,000
$203,000
$168,360
$158,360
Margaret sells ahnd- knit scarves at a flea market. Each scarf sells for $25. Margaret pays $30 to rent a vending space for one day. The variable costs are $15 per scarf. How many scarves should she sloe each day in order to break even?
Intel Inc. is the pioneer in the manufacture of microprocessor for computers. The company's fiscal year runs from April 1 to March 31. On 4/1/2013, Intel Issued $5,000,000 of 11% Bonds due in 10 years.
Purpose any journal entry required as a direct result of the change or error correction as well as any adjusting entry for 2013 related to the situation described.
WyCo has the following account balances: Purchase Returns $19,000; purchases $812,000; Purchase Discounts $8,000; Begging inventory $21,000; Freight In $30,000; and ending inventory $37,000. WyCo 's cost of goods sold is ?
How much of the long-term capital loss may be deducted in 2011, and how much is carried back or forward under the following circumstances?
Kelley and Wright, Attorneys, have the following budgeted items for the month of May: Fringe benefits $9,200 Depreciation—equipment 5,000 Utilities 2,000 Professional salaries (from budget) 20,000 Travel 2,400 Revenues (from budget) 68,000 Lease expe..
Job costing information is used? a. for internal financial reporting b. to enhance public relations c. to determine target customers d. to calculate the percentage of completion
Suppose your company sells services of $150 in exchange for $120 cash and $30 on account. Depreciation of $50 also is recorded. Prepare the journal entries to record these transactions. Calculate the amount that should be reported as net cash flow fr..
A taxpayer lives in Michigan, in a controversy with the IRS, the taxpayer losses at the trial court level, describe the appeal procedure
assignment cost benefit analysisyou have to prepare a 5-page costbenefit analysis of the sarbanes-oxley act. the focus
Before closing the books for the year ended December 31, 2010, Pitt Corp. prepared the following condensed trial balance:
In 2013, the internal auditors of Development Technologies, Inc., discovered that (a) 2012 accrued wages of $2 million were not recognized until they were paid in 2013 and (b) A $3 million purchase of merchandise in 2013 was recorded in 2012 instead...
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