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Below is a variable costing income statement for Wilner Glass Company, a maker of bottles for the beverage industry. For the coming year, the company is considering hiring two additional sales representatives at $80,000 each for base salary plus 5 percent of their sales for commissions. The company anticipates that each sales representative will generate $900,000 of incremental sales.Wilner Glass CompanyIncome StatementFor the Year Ending December 31, 2011Octavius Company produces a 10-inch chef knife used by commercial chefs. The knives sell for $50 each. In 2011, the company produced 45,000 units and sold 40,000 units. Below are variable and full costing income statements for 2011.
Required:
Reconcile the difference in profit between the two income statements.
How are the systems different and describe how the selected system would work to track the costs of the product.
Expert Electronics, Inc. (EEI), recognized $3,800 of sales revenue on account and collected $2,100 of cash from accounts receivable.
Develop all of your managerial accounting reports. Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.
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Arundel Company disclosed the following information for its recent calendar year.
Determine the best sales mix and Rank the services offered in order of their profitability and what additional amount of total contribution margin would be generated if your recommendation is accepted?
A single production process converts a single raw material into 5,000 kg of joint product A and 5,000 kg of joint product B at a total cost of $100,000.
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Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Suggs uses
How much overhead was applied to each job in year 2 and what was the over- or underapplied manufacturing overhead for year 2?
Heart and Home Properties is developing a subdivision that includes 600 home lots.
Austin, Inc., produces small scale replicas of vintage automobiles for collectors and museums.
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