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Question 1 - Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for? $19 each and used a budgeted selling price of? $19 per unit.
Actual
Budgeted
Units sold
? 48,000 units
?39,000 units
Variable costs
?$167,000
?$152,000
Fixed costs
?$41,000
?$50,000
What is the static-budget variance of? revenues?
Question 2 - Castleton Corporation manufactured? 41,000 units during March. The following fixed overhead data relates to? March:
Production
?41,000 units
?Machine-hours
?6,020 hours
?5,850 hours
Fixed overhead costs for March
?$125,500
?$117,000
What is the amount of fixed overhead allocated to? production?
Prepare the entry to record the disposal of the milling machine on January 5 under each of the following independent situations.
Job # 143 was completed at the end of the year. Overhead is applied based on machine hours Compute the total machine hours used in the production.
What is the payback period of the project? What is the profitability index of the project? What is the IRR of the project? What is the NPV of the project? How sensitive is the NPV to changes in the price of the new smart phone? How sensitive is the N..
The patents were purchased by the company at a cost of $40,000 and are being amortized on a straight-line basis.
For Product A, what is the total Inventory Holding Cost? For Product B, what is the EOQ? (please enter it in the following format xxx, xxxx, or xxxxx)
Determine What are the equivalent units of production for materials under average method for the month of january 2013? Work in process, 1/1/2013
Adjust net income of $70,000 for changes in operating assets and liabilities to arrive at cash flows from operating activities.
Margins for Do and Re are P2.50 and P1.20, respectively. Considering the company as a whole, what is the number of composite units to breakeven?
In X1, Plus Company purchases 75% of the outstanding shares of Minus Company. What would be the net impact of these two transactions
Compute the variance and standard deviation in the monthy rates of return for Patch Ltd. Convert the closing price series into holding period rates of return
Yarra Fabrication estimates that its manufacturing overhead will be $2,240,000 in year 1. Prepare entry to allocate the over- or underapplied overhead
Adriana Lopez is considering the purchase of equipment for Success Systems that would allow the company to add a new product to its computer furniture line.
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