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Question - Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are needed to make one widget. Budgeted production of widgets for the next two months follows:
September25,000 unitsOctober31,000 units
The company wants to maintain monthly ending inventories of sand equal to 20% of the following month's production needs. On August 31, 10,000 pounds of sand were on hand.
How much sand should be purchased in September?
Determine the gross margin mix, selling price, and sales volume variances. Calculate the net gross margin variance directly; then as a check see if it equals the sum of the three variance components you calculated individually.
a company must incur annual fixed costs of 4000000 and variable costs of 400 per unit and estimates that it can sell
Didde Company issues $15,000,000 face value of bonds at 96 on January 1, 2011. What gain or loss would be recognized on the called bonds on September 1, 2014
Do you approve or disapprove of Dobbs's manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason.
on january 2 2013 benson hospital purchased a 105164 special radiology scanner from picard inc. the scanner had a
What are some possibilities for fraud in the property, plant, and equipment accounts? What are some judgments that the auditor needs to make in this account?
What is Cost of raw material issued to WIP, Cost of Goods Manufactured, Cost of Goods Sold and Net Income.
Tax depreciation for the year exceeded book depreciation by $50,000. The tax rate for Year 3 was 30%, and Congress enacted a tax rate of 40% for years after Year 3. What is the deferred tax reported on William's December 31, Year 3, balance sheet?
Upper World Corporation sells tractor trailers on the installment plan. On October 1, 2014, Upper World entered into an installment-sale contract with Lower Sky Inc. for a 5-year period. Equal annual payments under the installment sale are $250,00..
on july 1 browning corporation purchases 550000 shares of its 6 par value common stock for the treasury at a cash price
An addition to the bank balance
Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,200. The division sales for the year were $963,800 and the variable costs were $477,000.
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