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Inman Manufacturing Company makes a product that it sells for $60 per unit. The company incurs variable manufacturing costs of $24 per unit. Variable selling expenses are $12 per unit, annual fixed manufacturing costs are $189,000, and fixed selling and administrative costs are $141,000 per year. Required A.Equation method. B.Contribution margin per unit. C.Contribution margin ratio. D. Confirm your results by preparing a contribution margin income statement for the break-even sales volume.
One year from the issue date (July 1, 2012), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.
The appropriate working paper elmination for pong and subsidiary for the fiscal year ended March 31, 2007, includes a credit to depreciation expense pong in the amount of how much
kazaam company a merchandiser recently completed its calendar-year 2011 operations. for the yearall sales are credit
Rent income should be shown on the income statement : a. Pretax as part of income from continuing operations before tax. b. net of tax as part of income from continuing operations before tax
mustaine company sells only one product at a regular price of amp7.50 per unit. variable expenses are 60 of sales and
on 714 the corporation sold 25000 shares of 5 par value common stock for 30 per share. please give the journal entry to
1. employees of harding fabricators inc. earned gross wages of 140000 during a recent two-week period. employee
Mr. Qamar keeps his books under single entry system; his position on 31 December 2002. You are required to prepare Statement of affairs as on 31st December 2002.
answer needed only1. accounting is an information and measurement system that identifies records and communicates
Sarah transfers property with an $80,000 adjusted basis and a $100,000 FMV to Super Corporation in a Sec. 351 transaction. Sarah receives stock with an $85,000 FMV and a short-term note with a $15,000 FMV. Sarah's basis in the stock is:
1. panther co. had a warranty liability of 345000 at the beginning of 2013 and 309000 at the end of 2013. warranty
What will be A' gross profit amount if she sells 500 Sedonas?
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