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Grand Products is a price-setter, and they use cost-plus pricing methodology for pricing their products which are unique, artistically designed architectural decorations. They produce and sell 6,000 units per year, at their maximum capacity. Variable costs are $330 per unit. Total fixed costs are $900,000 per year. The CEO has a target of $50,000 operating income which he wants to hit by year-end. Using the cost-plus pricing method, what price should Grand use?
What is the inventory turnover ratio - Inventory turnover ratio times per year
Prepare the general journal entries to make the necessary adjustments for the information presented to you above. (If you believe a journal entry is not required, please explain why you believe this to be the case).
Perform the accounting required for the elimination of each independent intercompany transaction - Prepare the book calculations
sue is age 73 and has a huge deal of difficulty living independently as she suffers from severe rheumatoid arthritis.
What is the breakeven number of participants that must attend the seminar if a $200 fee is charged to each attendee?
What is the depreciation expense for 2010 using the company's existing method and what is the depreciation expense for 2010 if Mary incorporates her changes to how depreciation expense is calculated?
Prepare journal entries to record the preceding transactions on Adjusto's books, including the adjusting entries at the end of 2007.
Market analysis indicates that their product would probably sell at $48 per unit. Flyer management desires a 12.5% profit margin on sales. Their current full cost per unit for the product is $44 per unit.
Write the appropriate journal entries to record wages and salaries expense and payroll tax expense for the January 2013 pay period.
At the start of November, Penco Refinery had Work in Process inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to coversion costs. Calculate the cost per equivalent unit f..
The wholesale cost of a video game is $459,45. The original markup was 51% based on selling price. Find the final sale price after the following series of price changes:
How was the $135,000 Equity in Income of Small balance computed - How would the worksheet process change? What impact does an impairment loss have on consolidated financial statements?
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