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Question: Bungalow Industries manufactures and sells hardware for homes such as door knobs and cabinet pulls. Each door knob sells for $15 per unit and during its first year of operations, Bungalow produced 24,000 units and sold 20,000 units. The company has fixed manufacturing overhead costs of $126,000 and fixed selling and administrative expenses of $32,000. Each door knob has $3.00 of direct materials, $1.00 of direct labor and $0.50 of variable overhead.
How much lower would profit be if the company chose to use direct (variable) costing?
If Allowance for Doubtful Accounts has a $2,000 credit balance, the adjustment to record bad debts for the period will require a
By how much would the company's net operating income increase if Minneapolis increased its sales by $97,500 per year? Assume no change in cost behavior patterns
How many shipments are required under Option B to produce net income of $180,000 per year, given a corporate tax rate of 40%?
Borderbooks Company has two locations, downtown and at a suburban mall. During March, the company reported net income of $271,000 and sales of $1.2 million.
Prepare two contribution statements, one showing the results of operations if these changes are made. Would you recommend that the company do the sales manager
Compute a break even in number of 2.6 gallon fish tanks and compute the degree of operating leverages of last years level of sales.
South division is evaluated based on ROI. Would the South manager choose to do what is in Beatrice's best interest in making this decision?
What Skysong Inc price-earnings ratio is? Skysong, Inc. had net income of $ 1607000 and paid dividends to common stockholders of $ 401750 in 2022.
Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purc..
The payroll register of Konrath Co. indicates $13,200 of social security withheld, Journalize the entry to record the payroll tax expense for the period
AAA-rated, Compute the market value of each bond one year after issue if the market yield for similar risk bonds were 6 percent.
If there are two million shares of stock in the new corporation, what would be the price per share? What is the market value of the firm?
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