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For the year ending December 31, 2014, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin-$700,000 budget, $710,000 actual; controllable fixed costs-$300,000 budget, $302,000 actual. Average operating assets for the year were $2,000,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin.
Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Prepare an analysis of the variance for material and ..
sussman industries purchased a drilling machine for 50000 and paid cash. sussman expects to use the machine for ten
the following define-benefit pension data of doreen corp. apply to the year 2008. projected benefit obligation jan.
Discuss the nature of preventive controls that may be designed into an AIS. Give an example and explain how it may prevent fraud or abuse of the system.
Describe the accounting treatment for discontinued operations. How should an analyst treat discontinued operations?
boyer corporation shows income tax expense of 60000. there has been a 5000 decrease in federal income taxes payable and
When normalizing operating results, non-recurring expenses that are reported within SG&A, CGS or other expense line items on a company's income statement:
Sarah contributes 25K to a church. Sarahs marginal tax rate is 35%. While her average tax rate is 25%. After considering her tax savings, sarah's contribution cost are?
White Corporation, a closely held personal service corporation, has $150,000 of passive losses, $120,000 of active business income, and $30,000 of portfolio income. How much of the passive loss may White Corporation deduct?
whaleco aquired all of the common stock of minnowco early in year 1 for 500000 and minnowco immediately elected to join
mountain states cable co. provides cable tv and internet service to the local community.the activities and activity
How do the provisions of SFAS No. 123(R) differ from the bill introduced by members of Congress (Dreier and Eshoo), which would require expensing for options issued to only the top five officers in a company? Which approach do you think would res..
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