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Lorge Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2011, management estimates the following revenues and costs.
Net sales $1,800,000Selling expenses-variable $70,000Direct materials 430,000Selling expenses-fixed 65,000Direct labor 352,000Administrative expenses-variable 20,000Manufacturing overhead-variable 316,000Administrative expenses-fixed 60,000Manufacturing overhead-fixed 283,000
the town of liberty approved the construction of a special oven to cook the worlds largest apple pie to be financed by
gruden company produces golf discs which it normally sells to retailers for 6.80 each. the cost of manufacturing 17100
you are buying your first house for 220000 and are paying 30000 as a down payment. you have arranged to finance the
The two optional steps in the accounting cycle are preparing? a) a post-closing trial balance and reversing entries b) reversing entries and a worksheet c) an adjusted trial balance and a post-closing trial balance d) a worksheet and post-closing tri..
carbon factors manufactures emission detectors and employs a job-order costing system. during june the companys
fullerton wine company is a retailer which sells vintage wines. the company has established a policy of reordering
Suppose that Badger's 2010 ending inventory, valued at year-end costs, was $143,000 and that the relative cost index for this inventory in 2010 was 1.10. In determining the inventory balance should Badger report in its 12/31/10 balance sheet:
Alapai Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: What was the total of the var..
grading companys cash and cash equivalents consist of cash and marketable securities. last year the companys cash
How would the financial results from using the three alternative inventory costing methods change if Bayhad been experincing declining cost of purchases ofinventory?
last year vaughn corp. had sales of 315000 and a net income of 17832 and its year-end assets were 210000. the firms
assume that on february 1 2005 austin company issues at 109 plus accrued interest 10-year bonds with a face value of
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