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The following is Crane Company's income statement for the past year.
Sales revenue $900,000
Cost of goods sold 360,000
Gross margin 540,000
Operating expenses 390,000
Operating income $150,000
Problem 1: What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g. 45%.)
Maintenance cost is $12 000, and at 20 000 units the maintenance cost is $18 000. Using the high-low method, the cost formula for maintenance is
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Alden Co.'s monthly sales and cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs.
The standard cost card for a product shows that the product should use 4 kilograms of material B per finished unit and that the standard price of material B is $4.50 per kilogram.
Based on this information, do you believe Dana's increase in operating income in 2013 is consistent with its goals and strategy? Be sure to justify your answer with specific information.
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P 6,600,000; and QQ paid expenses of P 1,899,150 out of joint operation funds. How much was the joint operation's net income after the bonus to QQ?
How much of the unit product cost of $62.00 is relevant in the decision of whether to make or buy the part and what is the net total dollar advantage of purchasing the part rather than making it
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