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Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these units at a price of $8.00 per unit. Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs totaled $24,000. What is PeeWee’s net income using full costing? A $48,800 B $32,800 C $41,520 D $39,360
Create a table of entities and activities. Illustrate a context diagram. Illustrate a physical data flow diagram (DFD).
The controller, Dona Ortiz, is preparing a report estimating any expected cost savings and changes to the accounting system resilting from a move to JIT. What are some of costs that should be affected by the introduction of a JIT system?
The booster club sells programs for $1 each. The costs to make the programs are $60 for layout plus .20 for printing each program. If they print 400 programs, how many programs must the club sell to make at least $200 profit?
Juan Company’s output for the current period was assigned a $190,000 standard direct materials cost. The direct materials variances included a $19,000 favorable price variance and a $2,700 favorable quantity variance. What is the actual total direct ..
Illustrate what is the largest variable cost per carton that can be paid and still achieve a profit of $1million.
Determine whether the bonds sold at face value, a premium, or at a discount, and whether interest expense recognized each year for the bonds
Journalize the March transactions - Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Prepare a statement of cash flows-indirect method The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010
Find one recent news article (published within the past three years) relating to internal controls over cash. Search Web sites like those of the New York Times and the Wall Street Journal. Interprets the implications of GAAP in relation to accounting..
the rowdy fun is a limited partnership and was formed on june 1 2005 by thomas kyle its general partner and two other
Under what circumstances might Armstrong use a different cost accounting system - Finding the circumstance might Armstrong use a different cost accounting system.
What and how much of your costs are variable costs? List your manufacturing and non-manufacturing variable cost items and present each of them in cost per T-shirt basis.
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