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Henry's Hoodies produces a variety of sweatshirts for college students. Henry's produces sweatshirts in batches and currently produces five batches per year. The company's controller recently implemented an activity-based costing system and would like to calculate break-even sales for the owner under this new costing system. He has prepared the following representative data: Average sweatshirt sales price $40.00 Direct materials $4.50 Direct labor $5.00 Variable overhead $0.50 Setup costs $2,500 Fixed cost $42,000 Calculate the number of sweatshirts Henry's Hoodies must sell to break even. Round your answer to the nearest whole number.
The beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the currentperiod, is?
A piece of equipment purchased on January 1, 2011, for $16,000 was estimated to have a residual value of $4,000 at the end of its three-year useful life. If the equipment was depreciated using the straight-line method and disposed of on December 3..
Which of the following should not be used as the allocation base in a company that appropriately uses a single plant wide rate?
Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009.
What was Topps inventory turnover ratio and average days to seel inventory for 2006 and 2005?
Octagon Co. appropriately uses the installment sales method of accounting for its installment sales. Prepare journal entries to record the sale, collection, and recognition of gross profit.
Jonathan Milley, the accountant for Bling Sound, Inc. has just completed a review of the General Ledger and is about to begin the adjusting process. His boss, Cantsing has asked to speak to him concerning an outstanding accounts receivable from GG..
Windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.
The following information comes from the accounting records for Santa Cruz, Inc., for March: Compute Total prime costs for the month of March.
A manufacturing company makes the products that it sells. Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determine..
A change in estimate was made in 2011 to reflect these additional data. What amount should Wolverine record as the balance of the accumulated depreciation account for this machine at December 31, 2011?
during the first week in November, Erin Mills worked 451/2 hours and produced 1,275 units under a piece-rate system. The regular piece rate is $0.35 a unit.
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