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Trauscht Corporation has provided the following data form its activity based costing system Activity cost pool, Assembly total cost $704,880, total activity, 44,000 machine hours, processing ordrs total cost $91,428 total activity 1,900 orders, and inspection cost $117,546 with total activity being 1,950 inspection hours. The company makes 360 units of product P23F a year, requiring a total of 725 machine hours, 85 orders, and 45 inspection hours per year. The products sells for $132.10 per unit. Accourding to the activity based costing system what is th eproduct margin for product P23F?
In 2002, Gordon purchased real estate for $900,000 and listed title to the property as "Gordon and Fawn,joint tenants with right of surviorship." Gordon predeceases Fawn in 2009 when the real estate is worth $2.9 million. Gordon and Fawn are husba..
Lemay decides to redeem these bonds at 101 after paying semiannual interest. Prepare the journal entry to record the redemption on July 1, 2008. (List multiple debit/credit entries in descending order of amount.)
a production departments output for the most recent month consisted of 17000 units completed and transferred to the
roland company operates a small factory in which it manufactures two products a and b. production and sales result for
Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, the Macki's capital acc..
In November and December 2007, Lane Co., a newly organized magazine publisher, received $90,000 for 1,000 three-year subscriptions at $30 per year, starting with the January 2008 issue. Lane included the entire $90,000 in its 2007 income tax retur..
tack reported a retained earnings balance of 150000 at dec 312007.in june 2008 tacks internal audit staff discovered
on may 1 2010 empire cosmetics a calandar year taxpayer purchased an apartment building for 1000000 of which 400000 was
50 percent debt and 50 percent equity. If it makes this change, its resulting market value would be $820,000. What would be its new stock price per share?
Hazel purchased a new business asset (five-year property) on November 30, 2009, at a cost of $100,000. This was the only asset acquired by Hazel during 2009. On January 7, 2010, Hazel placed the asset in service. She did not elect to expense any o..
On May 1, Battery, Inc. factored $800,000 of accounts receivable with Quick Finance on a without recourse basis. Under the arrangement, Battery was to handle disputes concerning service, and Quick Finance was to make the collections
collected advanced payments for customers of 5000 during the month of may for future legal services. these advance
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