Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The following costs result from the production and sale of 4,050 drum sets manufactured by Vince Drum Company for the year ended December 31, 2011. The drum sets sell for $255 each. The company has a 30% income tax rate.
Variable production costs
Plastic for casing
$72,900
Wages of assembly workers
336,150
Drum stands
109,350
Variable selling costs
Sales commissions
64,800
Fixed manufacturing costs
Taxes on factory
10,500
Factory maintenance
21,000
Factory machinery depreciation
81,000
Fixed selling and administrative costs
Lease of equipment for sales staff
Accounting staff salaries
71,000
Administrative management salaries
151,000
Required:
Prepare a contribution margin income statement for the company.
Compute its contribution margin per unit.
Compute its contribution margin ratio.
a company has 2 categories of overhead maintenance and inspection. costs expected for these categories for the coming
avery inc. is a wholesale distributor supplying a wide range of moderately priced sporting equipment to large chain
these financial statement items are for barone corporation at year-end july 31 2010.salaries payable 2080salaries
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2010. On May 1, 2010, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares
on january 1 2011 morrow inc purchased a spooler at cost of 40000. the equipment is expected to last 8 yrs and have a
Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months. (Input all amounts as a positive value.
following are examples of control deficiencies that may represent significant deficiencies or material weaknesses. for
You have been hired as a managerial accountant by Mr. Smith of Wilson-West Manufacturing, a start-up company that produces several different product lines. He would like you to set up the cost accounting system for the cabinet division. Listed bel..
Provide journal entries to record the transactions using the accrual method of accounting. Determine Green's net income for the first quarter using the accrual method of accounting. Prepare Green's Balance Sheet for the First Quarter
PepsiCo's financial statements are presented in Appendix A. Coca-Cola's financial statements are presented in Appendix B.
what is fund accounting? how does it compare to proprietary accounting? why is fund accounting necessary? what are the
snipes construction paid for earth-moving equipment by issuing a 300000 3-year note that specified 2 interest to be
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd