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liam corporation has a single product value whose selling price is $140 and whose variable cost is $60 per unit. the monthly fixed expense is $40,000.
1. solve for the unit sales that are required to earn a target profit of $6,000.
2. solve for the dollar sales that are required to each a target profit of $8,000.
Determine the total flexible budget materials variance and indicate whether it is favorable or unfavorable and Calculate the materials price variance and indicate whether it is favorable or unfavorable.
At the beginning of 2011, there was $2,000 of materials on hand. During the year, the company purchased $305,000 of materials; however, it paid for only $292,500. Explain how much inventory was requisitioned for use on jobs during 2011?
Determine the pension liability/asset to be recorded and determine the 2012 amortization of the net gain.
Determine the current year's overhead application rate
Elucidate why revenue recognition rules were violated based on the facts of the case. How do such violations relate to the standards for legal liability under the securities acts?
A fund manager states: "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news." Can you think of any alternative interpretation?
In the year of the change they thereby had one fewer pay periods. How would the change affect the reported expenditures of a governmental fund under GAAP?
Provide the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for ..
Evaluate the total Gross estate and determine the total gross deductions?
Evaluate the cost of goods sold using the current, Acid test ratio and current liabilities and evaluate the owner's equity.
How well reported net income of $100,000 in 2010 and $120,000 in 2011 while paying $40,000 in dividends each year. Compute the amount of unrealized intra-entity inventory profit to be deferred on December 31, 2010 and 2011?
The family and friends usually give the clerk cash as a"thank you". Illustrate which procedure will not prevent or detect this fraud?
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