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Top managers of marshal industries predicted annual sales of 23,600 units of its product at a unit price of $5.00. Actual sales for the year were 22,800 units at $5.50 each. Variable costs were budgeted at $2.45 per unit and actual variable costs were $2.40 per unit. Actual Fixed costs of $45,00 exceeded budgeted fixed costs by $2,000. Prepare Marshall's flexible budget performance report.
During 2011, Washington paid salaries of $14,000, and on December 31, 2011, the company accrued salaries of $1,200. What would Washington report for service revenue for 2011?
What is the sampling unit when gathering evidence about misstatements in account balances and associated assertions? Provide examples of sampling units in the context of accounts receivable.
what is credit multiplier formular
Determine the inventory cost by the first-in, first-out method, determine the inventory cost by the last-in, first-out method and determine the inventory cost by the average cost method.
Determine the variance between the flexible budget and actual cost for each cost item.
Each facility will cost $2.000.000 to establish. What is the total investment required by Pennington Fitness and if annual revenue remains the same each the investment?
question 1. in two to three paragraphs explain the sarbanes-oxley act and why it is important to the accounting
Purpose the adjusting entry to recognise bad debt expens - Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $500 debit balance before the current year's provision for uncollectible accounts.
How much higher (or lower) would company’s first-year net income have been if absorption costing had been used rather than variable costing? Show computations.
preparation of classified balance sheet from the given data.balance sheet preparation from the following data prepare a
Journalize the transactions and the adjusting entries - Recorded depreciation on the remaining truck. It has an estimated residual value of $15,000 and an estimated useful life of 10 years.
In which step of the audit process do auditors consider what can go wrong
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