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Oscar Joyous has sales of 15,000 units of its product at a unit price of $7.50 Actual sales for the years were 14,100 units at $9.00 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $46,000 exceeded budgeted fixed costs by $2,000.
Requirement
Prepare Root’s income statement performance report. What variance contributed most to the year’s favorable results? What caused this variance?
Chris's Cookie toppings makes payment on its inventory purchase as follows: 25% in the month of purchase, 65% in the following month, and 10% in the second month following purchase.
Make income statement and retained earnings statement and balance sheet and calculate certain ratios required by the image file details.
Hansen Construction, Inc., has consistently used the percentage-of-completion method of recognizing income. During 1997 Hansen started work on a $3,000,000 fixed-price construction contract. Explain how much loss should Hansen have recognized in ..
How are general long-term liabilities distinguished from other long-term liabilities of the government? How does the financial reporting of general long-term liabilities differ from the financial reporting of other long-term liabilities?
Are non-profit and governments required to depreciate assets
review the financial statements of merck and novartis to learn additional information. the emphasis of this case is to
a comparative statement of financial position of aqua ltd is presented below30 june 201230 june
The stockholders’ equity section of Tkachuk Corporation appears below as of December 31, 2014. 8% preferred stock, $50 par value, authorized 100,754 shares, outstanding 90,754 shares $4,537,700 Common stock, $1.00 par, authorized and issued 10.40 mil..
Evaluate the effect on Rapid Industries' operating profit if the transfer is made internally? Consider the 50,000 units Austin requires are either purchased 100% internally or 100% externally.
a quaint but well-established coffee shop the hot new cafe wants to build a new cafe for increased capacity. define the
Discuss the merits and limitations of each form of financing proposed and how can these be hedged using and what financial instruments do you propose to use.
On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000. At the time of purchase, Aumont’s balance sheet showed assets of $620,000, liabilities of $200,000, and owners’ equity of $420,000. The fair value of..
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