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1) Briscoe Company sells it product for $60 per unit. During 2011, it produced 60,000 units and sold 50,000 units (there are no beginning inventory). Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are $720,000 manufacturing overhead, and $90,000 selling and administrative expenses. The per unit manufacturing cost under absorption costing is
2) In 2014, Logan sold 1,000 units at $500 each, and earned net income of $50,000. Variable expenses were $300 per unit, and fixed expenses were $150,000. The same selling price is expected for 2015. Logan's variable cost per unit will rise by 10% in 2015 due to increasing material costs, so they are tentatively planning to cut fixed costs by $15,000. How many units must Logan sell in 2015 to maintain the same income level as 2014?
Gannon, Inc., had 100,000 shares of common stock outstanding. During the current year, the company distributed a 10 percent stock dividend and subsequently paid a $.50 per share cash dividend Calculate the number of shares outstanding at the time ..
1. determine the following.a. predetermine overhead rate for year 2011b. total overhead cost applied to each of the six
yong contributes a machine having an adjusted basis of 20000 and a fmv of 25000 for a 10 partnership interest. yong had
Uncorrected Misstatement and Performance Materiality. Rivers, CPA is auditing the financial statements of Charger Company, a client for the past five years. During past audits of charger, River has only identified some immaterial misstatements (mo..
when is the trial balance prepared? what does the trial balance tell you? what does the trial balance not tell you.
on july 1 2013 dipco bonds issued 750 10-year 1000 par value bonds paying 6 meanwhile other bonds in the market of
What is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan goes to maturity and what is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan is prepaid ..
anita vasquez received 130000 from her mothers estate. she placed the funds into the hands of a broker who purchased
catseye marble co is thinking of replacing a manual production process with a machine. the manual process requires
On January 1, 2010, the board of directors of Goby Inc. declared a $540,000 dividend. The following data are from the balance sheet of Goby on that date:How much is the liquidating dividend
Which of the following items is normally translated the same way under both the current and temporal methods of translation?
environmental landscaping inc. is preparing its budget for the first quarter of 2012. the next step in the budgeting
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