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Problem - Riley Company would like to estimate production costs on an annual basis. Costs incurred for direct materials and direct labor are variable costs. The accounting records indicate the following production costs were incurred last year for 40,000 units:
Direct materials $60,000
Direct labor 80,000
Manufacturing overhead 200,000 (20% fixed; 80% variable)
Required - Use account analysis to estimate the fixed costs per year, and the variable cost per unit.
Gruner and Company produces golf disks which it normally sells to retailers for 7 dollars each. Prepare and incremental analysis for the special order
Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0.3 44% Normal growth 0.4 14% Recession 0.3 -16% Compute the expected return and standard deviation of the HPR on stocks.
Spa Sources Corp. purchased a machine that had an original cost of $60,000, Prepare the journal entry to record the sale of the machine
unrecaptured sec. 1250 gain and 1231. mr. briggs purchased an apartment complex on january 10 2011 for 2 million with
Wrote off the individual account receivables for the following customers as payment not expected in future
Lily is a cash method taxpayer who changes to the accrual method in 2016. What adjustment is necessary to Lily's income? How should Lily report the adjustment?
Question - Discuss how to prepare the liabilities section of O'Brian's Balance Sheet with the following information
Outline a strategy for companies to spend excess cash and maximize the value of that spend. Provide a rationale for your response.
cane company manufactures two products called alpha and beta that sell for 150 and 110 respectively. each product uses
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brady construction company contracted to build an apartment complex for a price of 5000000. construction began in 2013
Innova Corporation makes a commercial-grade cooking griddle. The company uses a 40% markup percentage on total cost. Compute the total cost per unit
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