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Question - Surma Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $41,380 per month plus $2,282 per flight plus $14 per passenger. The company expected its activity in August to be 77 flights and 264 passengers, but the actual activity was 78 flights and 261 passengers. The actual cost for plane operating costs in August was $216,740. Determine the plane operating costs in the flexible budget for August?
Calculate and determine if the capital budget project is viable project cost $1.5million, project life 10 years and cost of capital 13% and annual cash flows
On July 15, Mann Company sold $600,000 in accounts receivable for cash of $500,000. The factor withheld 10% of the cash proceeds to allow for possible customer returns or account adjustments. An Allowance for Bad Debts of $80,000 had previously been ..
Sally and Tom decide to go into business, selling discounted merchandise through their website e-buy.They sign a partnership agreement that requires Sally to contribute $12,000 and Tom to contribute $8,000 in capital to start the firm.
Explain What major asset will normally be insignificant for service enterprises and relatively substantial for retailers, wholesalers, and manufacturers?
Calculate the cost per equivalent unit for materials and conversion costs.
During the? month, 140,000 cushions were transferred to finished goods. What is the Carnival Furniture equivalent units
Find What ethical issues do see relating to green marketing? Do you believe Americans' concern for the environment is a stronger value than their materialism?
During the year, Elaine had the College's website completely redone. Prepare memo to Patrick discussing the financial accounting issues
Managerial accounting is more than recording, maintaining, and reporting financial results.
A vacuum manufacturer has prepared the following cost data for manufacturing one of its engine components based on the annual production of 50,000 units.
4,000 two levels of production are as 4,000 Units $20,000 5,000 6,000 Indicate which costs are variable, fixed, and mixed, and give the reason for each answer.
Would an unexpected increase in sales and production result in under applied or over applied overhead? Explain.
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