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Poole Corporation has collected the following information after its first year of sales. Net sales were $1,814,400 on 113,400 units; selling expenses $272,160 (40% variable and 60% fixed); direct materials $579,474; direct labor $323,190; administrative expenses $317,520 (20% variable and 80% fixed); manufacturing overhead $408,240 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
Compute (1) the contribution margin for the current and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.
Compute the break-even point in units and sales dollars for the first year.
The company has a target net income of $351,540. What are the required sales in dollars for the company to meet its target.
Emma Grace acquires three machines for $80,000 which have FMVs of $32,000 $28,000 and $20,000 respectively. The delivery cost is $500 and the installation costs amount to $2,500. What is the basis of each machine ?
Each, evening, a disk, whichwas created during the processing run, is used to print premuimnotices that are sent to the customer. Q: Prepare a table of entities and activities
Phil is advised by his family physician that his dependent son, Tony, needs surgery for a benign tumor in his leg. Phil and his son travel to Rochester, Minnesota, for in-patient treatment at the Mayo Clinic, which specializes in this type of surg..
Answer the following questions using the information below: Oscar Corporation budgeted the following costs for the production of its one and only product for the next fiscal year:
discuss the differences between substantive law procedural law criminal law civil law common law and statutory law.
How should cumulative preferred stock dividends in arrears in a corporation's statement of financial position?
In its 2010 income statement, what amount should James report as total infrequent losses that are not considered extraordinary.
afton co. purchased 24000 of 4 10-year davis county bonds on july 12 2012 directly from the county at par value. the
Corporate Law Case Studies, case for Designco Pty ltd designs, manufactures and distributes craft kits for children, case for Andrew and Belinda are the only shareholders and directors of Sailors Pty Ltd
a lawn care company stated business on january 1 2012. the company billed clients 105000 for lawn care services
illustrate out the term cvp analysis? why is this an important analysis for a company to
what is meant by the net realizable value for accounts receivable?what is aging of accounts receivable and how is it
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