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Gunst Company produces three video games: Android, Bio-Mutant, and Cyclops. Cost and revenue data pertaining to each product are as follows: Android Bio-Mutant Cyclops Selling price $ 100 $ 61 $ 125 Direct labor 48 24 60 Direct materials 9 8 16 Variable overhead 7 4 9 At the present time, demand for each of the company's products far exceeds its capacity to produce them. Thus, management is trying to determine which of its games to concentrate on next week in filling its backlog of orders. Gunst's direct labor rate is $12 per hour, and only 1,000 hours of direct labor are available each week. Determine the maximum total contribution margin the company can make by its best use of the 1,000 available hours. (Do not round intermediate calculations.)
Should any of these events be classified as discontinued operations in the company's income statement? - Explain.
You are a Volkswagen executive deciding which is the best way to improve the environment, after your plans for the sale of large numbers of diesel-powered cars were shelved. Calculate and explain which option produces the least amount of Carbon Dioxi..
There are three main forms of firm's ownership, sole proprietorships, partnerships and corporations in business organizations. Identify and explain these forms in private firms.
An amount of money that a bank is willing to lend a customer upon request is known as
Darron Co. was formed on January 1, 2009 as a wholly owned foreign subsidiary of a U.S. corporation. Darron’s functional currency was the stickle €. The following transactions events occurred during 2007: What was the amount of the translation ad..
It looks like The Butcher Block is going to meet analyst expectations after all. Do you think James Wright's proposal to more accurately reflect the true depreciable life of assets is ethical? What concerns might you have?
Multiple Choice Questions Amortization, impairment of intangibles - what amount should be reported as amortization expense
On January 15, 2014, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specified a delivery date of March 1. The equipment was not delivered until March 31.
When the estate refused to transfer the property to the buyers, they sued for specific performance. Can the estate rescind the contract?
Identify one of the gross income inclusions. Why or why not? You can approach this question from an economic, social, revenue, or political perspective.
Which of these contractual terms would lead a company to account for a lease contract under the capital lease method?
Identify which of the expenses are deductible, and indicate whether they are deductions for or from AGI.
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