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Bengal Accounting Service is a rapidly growing service. On average, the revenue is $4,000,000 and variable cost is $2,400,000. Fixed cost = $600,000.
WHAT IS THE CONTRIBUTION MARGIN RATIO?
1. 100%
2. 15%
3. 40%
4. NONE OF THE ABOVE
Wood Company has beginning work in process inventory of $128,000 and total manufacturing costs of $477,000. If cost of goods manufactured is $480,000, what is the cost of the ending work in process inventory?
Prepare a journal entries that summarize sales of the awnings (assume all lcredit sales) and any aspects of the warranty that should be recorded during 2011.
Marvin Gaye Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long-term noncancelable purchase commitment with its largest supplier of this raw material on November 30, 2014, ..
Finlon Upholstery Inc. uses a job-order costing system to collect manufacturing costs. The company's work-in-process on 31st December, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no en..
Identify five important guidelines for drawing a flowchart. Select one from your list and describe why it could be the most important one to consider when preparing a flowchart. (Hint: You may want to support your argument with an example.)
Ronald has an investment opportunity that promises to pay him $47,400 in seventeen years. He could earn an 9% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? Use Table 2.
The fixed costs for the plane are $3,000 per day whether it flies or not. A) Should the airline replace its night flight from Los Angeles with a morning flight? b) Should the airline remain in business?
Which of the following is TRUE regarding an indorser's liability on a note?
Another way to look at our objective in regards to Activity based modeling is proper allocation.Can you give some reasons and examples why this is important?
Firm R has sales of $100,000 units at $2.00 per unit, variable operating costs of $1.70 per unit, and fixed operating costs of $6,000. Interest is $10,000 per year. Firm W has sales of $100,000 units at $2.50 per unit, variable operating costs of $1...
WyCo has the following account balances: Purchase Returns $19,000; purchases $812,000; Purchase Discounts $8,000; Begging inventory $21,000; Freight In $30,000; and ending inventory $37,000. WyCo 's cost of goods sold is ?
multiple choice questions on cvp analysis.1. sharp company retailer plans to sell 15000 units of product x during the
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