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Problem - High-low method - Crane Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:
Units Produced
Total Costs
10,000
$700,000
15,000
840,000
22,500
920,000
Required -
a. Determine the variable cost per unit and the fixed cost.
b. Based on part (a), estimate the total cost for 14,000 units of production.
The company"s marketing manager, Chris Ahrentzen, suggests running a promotion selling $50 gift cards for $45. He believes that this would be very popular and would enable the company to meet its targets for revenue and net income. What do you thi..
Unbilled fees earned at August 31, $31,900. Depreciation of equipment for August, $7,500. Journalize the entries to record the omitted adjustments
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Usin Exhibit 6-10 as a guide, compute the prduct margins for the Xactive and the pathbreaker products under the activity based costing system.
Completed work for a client and immediately collected $2,700 cash for the services
Write a 1,000 - 1,250 word paper on the following topic: Describe the role of financial accounting in contemporary business
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drawings are $6,400; revenues, $45,000; and expenses, $35,000. What is the amount of the company's total liabilities
Calculate the total dividends and the dividends per share paid to each class of stock in 2013, 2014, and 2015
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Assuming there are 394 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method
true or false1. the cost method of accounting for the purchase amp sale of treasury stock is a commonly used method.2.
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