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Question - A company's master budget for October is to manufacture and sell 30,000 units, for a total sales revenue of $270,000, total variable costs of $180,000, and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units, and generated $45,000 of operating income in October.
Required - Determine the sales volume variance, in terms of operating income, for October?
Explain the differences between horizontal and vertical analysis of financial statements
pro-tech software acquired all of the outstanding stock of reliable software for 14 million. the book value of
Brooks can borrow $500,000 by issuing 5%, 10-year bonds at a price of 96. How much will Brooks actually receive in cash under this arrangement?
Willis company is considering the replacement of a truck. the new truck costs $78,000, has a useful life of 6 years, and will have no salvage value.
You are asked to value a large building in northern New Jersey. What value should be assigned to the building?
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walters company produces 15000 pounds of product a and 30000 pounds of product b each week by incurring a joint cost of
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Balance sheet reported total assets of $2.04 million, total liabilities of $0.73 million, and total equity of $1.31 million. Its Debt to equity ratio is
example of a potentially unethical accounting situation?
Classify each of the following processes as either a revenue process, expenditure process, conversion process, or administrative process:
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