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Jack Company sells its product for $6,600 per unit. Variable costs per unit are: manufacturing, $3,600, and selling and administrative, $75. Fixed costs are: $18,000 manufacturing overhead, and $24,000 selling and administrative. There was no beginning inventory at 1/1/10. Production was 20 units per year in 2010-2012. Sales was 20 units in 2010, 16 units in 2011, and 24 units in 2012.
Why would you use the percentage of sales method for calculating doubtful accounts as opposed to the percentage of receivables method?
Describe the problems, if any, at Reed Park. Specifically, discuss items related to decision making, cost allocation, and incentives.
In several companies, a performance standard for maintenance technicians is to have relatively few demands for service from the manufacturing department. Explain the logic behind this performance standard.
the accounting records of bronco company revealed the following informationraw materials used 78000direct
Joan Reed exchanged commercial real estate that she owned for other commercial real estate plus cash of $50,000. The following additional information pertains to this transaction.
1. ekman company issued 1400000 13-year bonds and agreed to make annual sinking fund deposits of 70700. the deposits
abc company sold the rights to use one of their patented processes that will result in them receiving cash payments of
If we refinance for the remaining 10 years at 7% how much interest expense will we save over the remainder of the loan?
entries for bonds payable.prepare journal entries to record the following transactions related to long-term bonds of
you want to be a millionaire when you retire in 40 years. you can earn a 12.5 percent annual return. how much more will
Explain why the quantity purchased is used in computing the direct materials price variance, but the actual quantity consumed is used in computing the direct materials quantity variance.
The total equivalent units for direct materials and conversion are 38,000 liters and 40,000 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Round all answers to nearest cent.
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