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RedTail Mfg has the following data: selling price $60 variable manufacturing cost $33 fixed manufacturing cost $250,000 per month variable selling and administrative costs $9 fixed sellin and administrative costs $12-000 per month If RedTail has actual monthly sales of $1,500,000 and desires an operating profit of $50,000 per month, what is the margin of safety? $100,000 $266,667 $50,000 $1,130,000
Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
During 2004, Yvo Corp. installed a production assembly line to manufacture furniture. In 2005, Yvo purchased a new machine and rearranged the assembly line to install this machine. The rearrangement did not increase the estimated useful life of th..
techno enterprises is a manufacturer of microchips its production process is complex and involves more than 100 steps
During September 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were:
Assuming no differences between accounting and taxable income other than those described above, prepare the appropriate journal entry to record Case's 2009 income taxes.
Maroon Corporation is considering deferred compensation plans for its executive employees over the age of 55. All of the employees use the cash method of accounting.
Bishop has a capital balance of $ 120,000 in a local partnership, and Cotton has a $ 90,000 balance. These two partners share profits and losses by a ratio of 60 percent to Bishop and 40 percent to Cotton. Lovett invests $ 60,000 in cash in the pa..
what was the character of that gain and what is the corporation's basis in the equipment.
Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $30,000 and $50,000 respectively. Ramsey is admitted to the partnership and is given a 10% interest by investing $20,000. What is Orton's capital balan..
Cost Behavior when costs are semivariable: Data from the payroll department of Dominguez Company for the past two months follow: What is the apparent variable cost per employee paid?
Bettis Bus Company had earnings after taxes of $ 600,000 in the year 2009 with 300,000 shares of stock outstanding. On January 1, 2010, the firm issued 40,000 new shares, Because of the proceeds from these new shares and other operating improvemen..
Limousine Conversion Company purchases ordinary Cadillacs, cuts them in half, and then adds a middle section to the vehicles to create stretch limousines.
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