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In 2010, Tarlo Company agrees to construct a highway for Brice County over a three year period (2010 through 2012). The contract price is $1,200,000 and the construction costs (both actual and estimated) total $705,000 for the three years. The percentage completed at the end of each year is as follows: 2010, 20%; 2011, 75%; 2012, 100%.Required:1. Prepare a schedule showing the amount of gross profit that Tarlo Company recognizes each year using the percentage of completion method.2. Prepare a schedule showing the amount of gross profit that Tarlo Company recognizes each year using the completed contract method.
benkarts tire store has fixed costs of 220000. tires sell for 95 each and have a unit variable cost of 45. what is
In which of the following industries are economies of scale exhausted at relatively low levels of output?
Timmer Bachman founded the Bachman Corporation over 25 years ago. The company's genesis was the unique climbing apparatus developed by Timmer, an avid mountaineer.
1. depreciation on hire purchased asset is claimed by a hire vendor b hire purchaser c either the hire vendor or the
If the cost of an item of inventory is $75, the current replacement cost is $64, and the selling price is $95, the amount included in inventory according to the lower of cost or market concept is?
The general ledger of Banner corporation
supreme sales company which sells only on account had a 100000 balance in its accounts receivable and a 4000 balance in
the mountain springs water company has two departments purifying and bottling. the bottling department had 8000 liters
What is the danger in allocating common fixed costs among product lines or other segments of an organization?
mo-kan company incurs a 6 per unit cost for product a which it currently manufactures and sells for 9 per unit. instead
princess cruise lines has the following service departments concierge valet and maintenance. expense for these
petco makes 2 products dog collars and cat collars. each passes through the cutting machine which is the binding
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