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BLUE Company needs 10,000 units of a certain part to be used in production. If BLUE buys the part from RED Company instead of making it, BLUE could not use the present facilities for another manufacturing activity. Sixty percent (60%) of the fixed overhead applied will continue regardless of what decision is made. The following quantitative information is available regarding the situation presented: Cost to BLUE to make the part: Direct materials $ 7 Direct labor 24 Variable overhead 12 Fixed overhead applied 15 $58 Cost to buy the part from RED company $53 38. In deciding whether to make or buy the part, BLUE' s total relevant cost to make the part is a. $352,000. b. $490,000. c. $540,000. d. $580,000. 39. SunDevil Co. plans to sell 200,000 special Rose Bowl footballs with fixed costs of $400,000 and variable expenses at 60% of sales. To have a net income of $100,000 SunDevil management must set the sales price at a. $3.75 b. $4.17 c. $5.00 d. $6.25 40. What effect would a decrease in wage rates (applicable to direct, strictly variable, labor) have on the break-even point and the contribution margin?
Break-even Point Contribution Margin a. Increase Increase b. Increase Decrease c. Decrease Increase d. Decrease Decrease
At year-end, the price-earnings ratio of General Motors was 11.3, and the price-earnings ratio of Microsoft was 28.14. Which company did the stock market favor?
LO.4, 6 In each of the following cases, distinguish between the terms. Offer in compromise and closing agreement. Failure to file and failure to pay.
In most cases, prices are set by the
On October 1, 2014, Sanford Consulting Services, Inc. was started by James and a group of investors and during the month of October the company completed the following transactions. How much cash does Sanford Consulting Services, Inc. have at October..
What cost figure should be used as the basis for the depreciation charge for the year on the machine purchased in (1)? Show your workings and explain your answer.
Is it important for an accountant to be competent in performing the audit of the client’s record? What does this mean?
Billy Bob Supply Company uses four special journals: purchases, sales, cash receipts, and cash disbursements, along with a general journal. The following transactions were incurred during August: Record the above transactions in the appropriate speci..
Posey Corporation distributes land with a Fair Market Value of $20,000 and a basis of $12,000 to Brock, a shareholder. Posey's earnings and profits are $125,000. What must Brock report as income from the property distribution?
A taxpayer, age 64, purchases an annuity from an insurance company for $50,000. She is to receive $300 per month for life. Her life expectancy 20.8 years from the annuity starting date. Assuming that she receives $3,600 this year
question batch processing arises when similar transactions are accumulated over time and processed mutually. real time
a describe the concepts of functional and presentational currencies in the context of accounting for overseas
Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated?
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