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Altuna Products has prepared the following units sales forecast for 2011:Sales 380,000 units, estimated ending finished goods inventories for December 31, 2011 are 20,000 units and beginning ending fnished goods at Jan 1, 2011 are 8,000 units.In order to manufacture a unit, Altuna Products uses 5 pounds of Material A and three gallons of material B. The company has no WIP and projects direct materials ending inventories at 12/31/2011 as follows:Material A 300,000 poundsMaterila B 200,000 gallonsBeg. raw materials inv were 200,000 pounds of Material A and 140,000 gallons of material B.
a) Pepare a Production Budgetb) Prepare a Raw materials purchases budget.
Sharp and Townson had capital balances of of 60,000 and 90,000 respectively at the beginning of the current fiscal year.
Refers to the establishment of a new accounting and reporting basis in an acquired company's parent's financial statements. Is where the purchase price is "pushed down" on the acquirer's financial statements and used to restate the carrying value of..
Assume that you wish to purchase a 25-year bond that has a maturity value of $1,000 and makes semiannual interest payments of $45.
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
Revenues for the year ended 31 January 20X1 were $507,000 and expenses were $330,000. Under plan (b) above prepare the partnership income statement for the year.
Stacy Ann Lynn, the great grand-daughter of the company's founder is the current CEO/President of the company, which is still a family owned business.
A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. What is the minimum transfer price for this company?
The Reedy Company uses a standard costing system. The following data are available for November: The actual direct labor rate for November is:
The total of the individual customer account balances should equal the balance in accounts receivable, which is the
Greetings Online disposed of a van that cost $22000 with accumulated depreciation of $15000. The journal entry would be to:
If you purchased a new model of a digital camera right after it is released, you will likely pay more than if you purchase it six months after release. Explain why this is an example of price discrimination on the part of the firm.
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
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