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The Devon Motor Company produces motorcycles. During April,the company purchased 8,000 batteries at a cost of $10 per battery.Devon withdrew 7,600 batteries from the storeroom during the month.Of these, 100 were used to replace batteries in motorcycles beingused by the company's traveling sales staff. The remaining7,500 batteries withdrawn from the storeroom were placed inmotorcycles being produced by the company. Of the motorcycles inproduction during April, 90% were completed and transferred fromwork in process to finished goods. Of the motorcycles completedduring the month, 30% were unsold at April 30. (There were noinventories of any type on April 1).1. Determine the cost of batteries that would appear in eachof the following accounts at April 30.
a) raw materialsb) work in processc) finished goodsd) cost of goods solde) selling expanse
2. Specify whether each of the above accounts would appear onthe balance sheet or on the income statement at April 30.
Managment wants to lower the firm's break-even point to 52,000 units all other thing being equal. what must happen to fixed costs to archieve this objective?
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the devon motor company produces motorcycles. during april the company purchased 8000 batteries at a cost of 10 per
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If it distributes its after-tax income to its shareholders whose dividend tax rate is 15 percent, what is the total tax and the combined effective tax rate on this corporate income?
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