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Question - Blake inc. has agreed to pay a monthly fixed fee to ABC in return for a reduced per unit price for making copies. The following information is available to you;
Number of copies in March 10,000
Number of copies in May 7,000
Total cash paid to ABC in March by Blake $1,300
Total cash paid to ABC in May by Blake $1,150
Required - Estimate fixed fee paid each month (show work).
Outline the effect of 'perspective' on the development of a conceptual framework for financial accounting. Give an example of how a difference in perspective can inform development of accounting standards within such a framework.
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15,400 laces and 7,680 process hours were used. if the company applies overhead using standard costing. How much was applied during the month?
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How many sales units can be lost per year (from the originally estimated 8,000 units) before the project becomes unattractive? Round to the nearest whole unit.
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