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Question: John needs to show his supervisor how COGS, as reported on the company's income statement, might differ depending on the costing system used. Regardless of which inventory costing system the company uses, standard costs are incorporated into the analysis. The variable manufacturing and variable operating costs were $18 per unit and $4 per unit, respectively. Budgeted and actual fixed-MOH cost was $18,000, while fixed operating costs were $11,500. The company budgeted for 2,000 units but produced and sold 2,100 units this year. Any fixed-MOH volume variance is to be written off directly to COGS. John knew there were no variable cost variances. Show the COGS that would be presented on the company's income statement under (a) variable costing and (b) absorption costing. Variable Costing Absorption Costing COGS
During November, Copperhead Company has not purchased or sold any inventory. Calculate its inventory amount to be reported on the balance sheet (LCNRV)
How much of the unit product cost of $71.70 is relevant in the decision of whether to make or buy the part - what is the net total dollar advantage (disadvantage) of purchasing the part rather than making it?
a. Determine the mean, the median, and the standard deviation of the math scores in the sample. b. Generate and interpret the box-and-whisker plot for the math scores in the sample.
review the information relating to eps found in the walt disney companys 2009 income statement and notes to the
Tropic Company has a standard variable overhead rate of $3.5 per machine hour. How many units did Tropic actually produce during the period
McElwain Corp is a retailing company that stores its merchandise in one warehouse located in Gainesville, What is the amount of merchandise inventory destroyed
You are the audit partner of Bigger and Better, assigned to the audit of Fabulous Ltd. Describe the nature of the activity that the three employees had engaged
(a) Define the terms assets, liabilities, and owner’s equity. (b) What items affect owner’s equity?
Overhead $2,000,000; machine hours 100,000; direct labor hours 50,000 and direct labor cost $500,000. What is the predetermined overhead rate
Placement (distribution)? How will the buyers be reached? Consider both physical distribution/geographic spread and distribution of the message that must reach your target markets. What will be the promotional channel? The media used?
What about the risk of running down the levels of inventory? And how will these changes impact on your strategic priority of product quality?
Books and More currently has 75,000 shares of stock outstanding, net income of $46,000, and a PE ratio of 18.7. What will the firm's PE ratio be if the firm repurchases 15,000 shares?
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