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Question - Eliminate Unprofitable Segment - Lisah Inc. manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $10,000 from sales $200,000, variable costs $180,000, and fixed costs $30,000. If the Big Bart line is eliminated, $20,000 of fixed costs will remain. Prepare an analysis showing whether the Big Bart line should be eliminated.
In a normal costing system, when Manufacturing Overhead is under-applied Work in Process Inventory is overstated and Cost of Goods Sold is understated
The records of Macklin Co. provide the following information for the year ended December 31.
Krossiannes Company wishes to realize Php125,000 in savings annually. To achieve this goal, the minimum annual rent on facility must be
Prepare general journal entries to record the above transactions from 1 July 2014 to 1 July 2018. Narrations are NOT required
Calculate the budgeted multiple-step income statement for the year ending December 31, 2020 for my own own understanding.
The unit selling price is $85 and the variable cost per unit is $32 and the total fixed costs are $264,611. What is the margin of safety in dollars
Company policy is to have a target finished-goods inventory at the end, What Budgeted production for the second quarter of next year would be?
Should ABC Co. make or buy the subassemblies? XYZ Co. has contacted ABC Co. with an offer to sell it 4,000 of the subassemblies for $17/ unit
Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II.
Identify the control weaknesses for each of the independent situations above and the impact on control risk based on the above information.
Galaxy Sports Inc. manufactures, What advice would you give to the management of Galaxy Sports Inc. regarding the profitability of the two products?
Jade Company issues 1,000 shares of $10 par value common stock at $12 per share. What is the journal entry to record the transaction?
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