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Question - Microhard produces tablets, laptops and televisions. Microhard typically sells 1,000 tablets a year. The tablet information is as follows:
Selling price per unit $70
Direct material cost per unit $30
Direct labor cost per unit $10
Total unavoidable allocated overhead $47,000
Required - How much would Operating Income decrease if Microhard were to eliminate the tablets?
Write a response to the owner explaining why depreciation must be recorded on the company's accounting records
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Marigold Corp. has an opening balance in its supplies account of $1870 and purchases $2340 of supplies during the year.
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