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Slonaker Inc, has provided the following data concerning its maintenance costs:
April machine-Hours 5,799 & maintenance Cost $30,379. May machine hours 5,782 & maintenance cost $30,289. June machine-hours 5,764 & maintenance cot $30,237. July machine-hours 5,761 & $30,233. August machine-hours 5,717 & $30,078. September machine-hours 5,795 & maintenance cost $30,360. October machine-hours 5,809 and maintenance cost $30,388. November machine-hours 5,801 & maintenance cost $30,378. December machine-hours 5,785 & maintenance cost $30,318. Management believes that maintenance cost is a mixed cost that depends on machine-hours. Required: estimate the variable cost per machine-hour and the fixed cost per month using the high-low method.
We have learned that a positive cash balance is an asset and that an asset’s balance decreases with a credit entry and increases with a debit entry. If this is the case, why do banks refer to these withdrawals (account reductions) as a “debit?” P..
If Ken is required to contribute for his employees and chooses to contribute the maximum amount, what is the maximum amount Ken can contribute for himself?
Current Issues in Financial Accounting - Critically evaluate the assessment topic with a particular emphasis on new Financial Reporting
How does this transaction affect Investment in Ricardo account that appears on DeMilo’s financial records? Investment in Ricardo should be increased by$?
present value and multiple cash flows of a project.seaborn co. has identified an investment project with the following
The "No Credit Refused" used car dealer offers the following automobile finance opportunity. Monthly payments on the loan are 4% of the original loan amount for 36 months. That is, a loan of $10,000 would have a monthly payment of 4% of $10,000 or $4..
During 2011, Adams reported income of $200,000 and paid dividends of $80,000. On January 2, 2012, Watts sold 5,000 shares for $125,000. Illustrate what was the balance in the investment account after the shares had been sold?
Maack Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $54,000. If the company's sales for a month are $319,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses ..
Manufacturing overhead during the year was over applied. If the amount is immaterial, which one of the following is a part of the transaction that should occur to dispose of the over applied amount?
Operating expenses of a not-for-profit organization are recorded in
multiple choice questions related to depreciation.1.nbspa plant asset with a five-year estimated useful life and no
please see attached
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