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Pine Street Inc. makes unfinished bookcases that it sells for $59.30. Production costs are $37.21 variable and $10.22 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases and selling them for $74.82. Variable finishing costs are expected to be $7.82 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Pine Street should sell unfinished or finished bookcases. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sell Unfinished Process Further Net Income Increase (Decrease) Sales price per unit $ $ $ Cost per unit Variable Fixed Total Net income per unit $ $ $ The bookcases.
Lowe Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of sales. Assume that sales were $560,000 for June. In July, a customer received warranty repairs requiring $140 of parts and $95 of labor. Journalize the..
multiple-choice questions related to real estate.1.nbspwhat concept is illustrated if the additional easement area is
Prepare journal entries in good form to record the foregoing transactions for the fiscal year ended June 30, 2011 and prepare a statement of activities for the year ended June 30, 2011.
On January 1, 2018, Jerry's sold land to ASP, Inc. and accepted a 2 year, $500,000 face value note as payment. 6% interest is due each December 31. ASP's market rate of borrowing is 12%. Jerry's originally purchased the land for $80,000 in 2011. Show..
Discuss how to incorporate the contingency note into an analysis of Celtics Basketball Holdings, L.P. and Subsidiary.
On December 6, Dewey received a deposit from Heidegger Company for a refrigerator to be used at a charity cookout. The deposit of $3,000 will be returned when the refrigerator is returned, most likely in early January. The Company recorded cash sales..
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May 2012. The company expected to operate the department at 100% of normal capacity of 7,000 hours. Pre..
the production department has been investigating possible ways to trim total production costs. one possibility
At the end of the year Panda Inn owns a fleet of 15 trucks all of which have 10 year useful lives, $1,000 residual values and are depreciated under GAAPs straight-line method. The CEO has authorized the sale of one five-year-old truck whose original ..
Prepare an incremental analysis to decide if Pottery Ranch should buy the finials. Should Pottery Ranch buy the finials? Would your answer be different in
If the selling price is increased to $14 per unit and fixed general and administrative expenses are cut by $33,465, what will the new breakeven point be in units?
Select one local government in your state or area and review the financial statements and audit report for the county or municipality. The financial statements of the government you selected should have at least three funds.
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