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Ralph is considering whether to respond to a customer's appeal for production of a special product. The offered price is 6, 000 and Ralph estimates incremental direct labor will cost 300 and incremental direct material will cost 200. Ralph uses a single overhead pool with LLA given by OV = 150, 000 + 2 · DL$, where DL$ denotes direct labor dollars. Normal, full costing is used, with a normal volume of 10, 000 direct labor dollars.
(a) Determine the unit cost of this special product.(b) What is the net change in Ralph's cost of goods sold as a result of this product being produced and sold. Explain.
Gains and losses appear on which of the financial statements listed below?
Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.
robertson inc. sells its one product for 150 per unit. the variable cost per unit is 50. the fixed cost per year are
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derek purchases a small business from arton september 1 2008. he paid the following amounts for the business.fixed
your uncle promises to give you 500 per quarter for the next five years. how much is his promise worth right now if the
Which of the following is an example of a consideration the government takes into account when creating a tax?
sammys shovels had sales of 84108 in 2010. the cost of goods sold was 22205 operating expenses excluding depreciation
The company's management estimates that 2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of allowance for uncollectible accounts reported on the balance sheet?
Because of chronic water shortage in Santa Fe, new athletic fields must use artificial turf or xeriscape landscaping. If the value of the water saved per month is $6,000, how much can a private developer afford to spend on artifical turf if he wa..
boots r us produces a variety of products for the fashion industry cowboy type boots are among its most popular
Calculate the firm's predetermined overhead rate for the year. Prepare journal entries to record the events described above.
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