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Inventories Year 1 year 2 year 3Beginning INV. 180 150 160Ending INV. 150 160 200Variable costing net oper. Income $292,400 $269,200 $251,800Fixed manufacturing overhead per unit was constant at $450 for all3 years.
1. Determine each year's absorption costing net operating income
2. In year 4 the company's variable costing net operating income was $240.200 and its absorption costing net income was $267,200 did the inventory increase or decrease during yr 4 and how much Fixed manufacturing overhead cost was deferred or released from inventory during yr 4.
if fixed costs are 490000 the unit selling price is 35 and the unit variable costs are 20 what is the break-even sales
1.nbspnbspnbspnbspnbspnbsp bankston corporation forecasts that if all of its existing financial policies are followed
What impact would the year-end measures have on reported supplies expenditures (per GAAP)? Would your response be different if the city accounted for supplies on the consumption basis?
on january 1 of year 1 arthur and aretha franklin purchased a home for 1.40 million by paying 230000 down and borrowing
Close revenue accounts.
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.)The December 31, 2010 balance sheet of Wolfe Co. included the following items: 7.5% bonds payable due December 31, 2018 $1,200,000
brown corporation had consistently reported its income by the cash method. the corporation should have used the accrual
what are the most important components of the mission statement? what are some skills you possess that will be useful
ramsey automotive ltd. had sales of 2000000 and net operating income of 600000 last year. operating assets last year
vaultonwheels corporation operates a fleet of armored cars that make scheduled pickups and deliveries for its customers
aug 31?submit and record your bill for the accounting services for the month to set up the records for jens tennis
at december 31 2010 tatum company had 2000000 shares of common stock outstanding. on january 1 2011 tatum issued 500000
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