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Question - Sioux Corporation is estimating the following sales for the first four months of next year:
Jan - $260,000
Feb - $230,000
March - $270,000
April - $320,000
Sales are normally collected 60% in the month of sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sioux expect to collect during the month of April?
Prepare the journal entry or entries, with explanations, that should be recorded on December 31, 2011, by Ludwick. (Prepare the lease amortization schedule for all five payments.)
The activity variance was $228 unfavorable and the spending variance was $68 favorable. How many units were produced during the month
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For the past year, LaPrade Company had fixed costs of $70,000, Determine the break-even sales (in units) for the coming year.
Variable manufacturing overhead costs $1,900,000 Fixed manufacturing overhead costs $1,600,000 Manufacturing overhead application base Expected Direct Labour hours
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Now assume that 20% of the fixed overhead can be avoided if the ingredient is purchased externally. Which alternative is more cost effective and by how much?
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