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Consider the following information pertaining to a year's operations of Youngstown Manufacturing:Units sold 1,400Units produced 1,600Direct labor $4,200Direct materials used 3,500Fixed manufacturing overhead 2,200Variable manufacturing overhead 300Selling and administrative expenses (all fixed) 700Beginning inventories 0Contribution margin 5,600Direct-material inventory, end 800There are no work-in-process inventories.1. What is the ending finished-goods inventory cost under absorption costing?2. What is the ending finished-goods inventory cost under variable costing?
nbspnbspnbspnbsp1.nbspnbspnbspnbspaccounts that are not closed to a zero balance at the end of each
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Prepaid Insurance $3,600; Cash $15,400; Supplies $5,200, and Short-term Investments $6,700. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
does a state have the authority to require a u.s.-based multinational corporation to compute its state taxable income
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