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Question - Hepras, Inc., has two product lines: routers and ethernet switches. During the current month, the two product lines reported the following results.
Routers
Switches
Sales
$620,000
$760,000
Variable costs (as a percentage of sales)
40%
45%
Traceable fixed costs
$250,000
$125,000
In addition, fixed costs common to both product lines amounted to $212,000.
Required - Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each product line.
Compare and contrast the key responsibilities of certified management accountants and certified public accountants. Select the career path that you plan to pursue, and explain why you chose that path.
Company Filings and type, determine which company has performed the best and worst. Use 3-5 ratio calculations and analysis to support your opinion.
If quantity of materials is 84,500 units @ $0.15 per unit and the actual quantity is 95,000 units @ $0.12 per unit, then the total materials cost variance is
GHI Company makes light-weight canoes for campers. The president, George Ingalls, enlists your help in predicting the effects of some changes he is contemplating. He gives you the following information:
How do find the predetermined overhead rate for the year; at the beginning of the year, the total estimated manufacturing overhead
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If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be
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