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Problem 1: Backwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $400 per table, consisting of 70% variable costs and 30% fixed costs. The company has surplus capacity available. It is Backwoods' policy to add a 50% markup to full costs. What is the lowest price per unit Backwoods should bid on this long-term order, if company follows cost plus pricing (i.e. full cost + mark-up)?
Explain the justification for including purchased brands in the statement of financial position and how non-purchased brands should be treated.
Explain the concept of a master budget and explain each of the sub-budgets that are created to support the creation of that master budget
Write a 1-2 page paper describing the seven-step approach to job costing and how you would use each step to detail the job costing approach.
Write a research paper describing the issues surrounding the company and describe any company policy or policies in relationship to their impact on public audits/accounting.
Prepare Dolor' operating activities section of its statement of cash flows - most recent Income Statement and comparative Balance Sheet of Dolor Corporation
If annual demand for all products is more than the company can produce next year, which product should the company emphasize?
Actual production in 2019 was 55000 units. To be most useful, what amounts should a performance report for this company compare?
How many baseballs would the company need to sell to break even if its fixed costs increased by $7,865? (Using original data).
Explain, Are any major Capital Projects Funds reported on the Governmental Funds Balance Sheet in the Fund Financial Statements? If so, list them.
ndicate the most negative potential impacts on business operations related to these assumptions. Provide support for your rationale.
Describe the concept of over or under-applied factory overhead by comparing actual factory overhead with applied factory overhead
Define the difference (accounting terms should be used) between direct costs and indirect costs. Reflected dollar-for-dollar in increased net income so long as
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