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Walman Company is budgeting sales of 42,000 units of product Y for March 19X3. To make one product of Y, three kilograms of direct material A are required. Actual beginning and desired ending inventories of direct material A and product Y are as follows.
March 1 March 31 Direct material A 100,000 Kg 110,000 Kg Product Y 22,000 units 24,000 units
There is no work in process inventory for product Y at the beginning and end of March. For the month of March, how many kilograms of direct material A is Walman planning to purchase?
Evaluate the unit product cost for each month using the absorption, variable and throughput costing approaches. Purpose an income statement for November using the variable costing approach
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Determine the company's return on investment (ROI) and residual income (RI).
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ForCo, a foreign corporation, receives interest income of $100,000 from USCo, an unrelated domestic corporation. USCo has historically earned 85% of its income from foreign sources. What amount of ForCo’s interest income is U.S. source?
Evaluate the Gregson absorption costing gross margin and profit and Gregson variable contribution margin and profit?
Tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day.
Compute the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between incomes computed under variable and full costing.
Assume that fixed costs remain at $630,000. Compute the unit sales to earn the target after-tax net income and (2) dollar sales to earn the target after-tax net income.
What is the current value of the operating cash outflows for the old machine?
The income tax rate is 40%. Vermont would report the subsequent amounts related to deferred taxes on its year end 31st December, 2012 balance sheet :
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