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Question - Franco, Inc., produces dental office examination chairs. Franco has the capacity to produce 9,000 chairs per year and currently is producing 6,000. Each chair retails for $13,000, and the costs to produce a single chair consist of direct materials of $3,000, direct labor of $3,000, and variable overhead of $1,000. Fixed overhead costs of $1,000,000 are met by selling the first 4,000 chairs. Franco has received a special order from Ghanem, Inc., to buy 700. Each chair is sold for $12,000 (selling price of one chair). There are no additional costs needed for this special order. What is the contribution margin for the special order?
Explain how the amount of goodwill is determined. From a theoretical standpoint, why should consolidated financial statements be prepared?
Calculate the amount of share capital in the statement of financial position of Acacia Ltd as at 30 June 2019 (Show all workings.)
on february 1 2013 fox corporation issued 9 bonds dated february 1 2013 with a face amount of 200000. the bonds sold
Which is NOT excluded from the scope of AASB 118 Revenue? Revenue arising from primary production activities. / Subscriptions.
Did the Movie have a positive contribution margin? Assume that all costs not specifically.What type of business leverage does this contribution margin represent
Acquired $8,800 of direct materials, $3,872 of it paid for with cash, the rest bought on open account. What would total equities be on August 31
Determine the classification of the lease option being considered, and indicate what the effect would be on the statement of financial position
Due to fiscal strategic conservatism, there is typically a post retirement liability for post retirement benefit plans since very few are funded.
Determine the estimated accounting (book) rate of return (to two decimal places) based on average investment for this proposed investment
a company manufactures an electric motor that is uses inseveral of its porducts. management is considering whether to
The following information is available for Ellen's Fashions, Inc. for the current month. What is the adjusted book balance on the bank reconciliation
At the end of the 10 years, Richard withdraws the accumulated amount of money. Compute the amount Richard would withdraw
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