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Williams Inc. produces fluorescent lightbulbs for commercial use. The accounting manager is attempting to estimate the total cost for the next quarter using the high-low method. He has compiled data and found the high and low costs are $65,000 and $38,500, respectively, and the associated cost drivers are 8,600 and 3,300 packs, respectively. He has also determined the variable cost to be $5.00 per pack. What is the value for a (the fixed quantity)?
Fixed quantity
Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and just-in-time manufacturing methods. If required, round percentages to one decimal place.
tara incorporates her sole proprietorship transferring it to recently formed black corporation. the assets transferred
Which of the following statements is NOT correct?
Suppose Green has been using the straight-line method and switches to the sum-of-the-years'-digits method. Ignoring income taxes, what journal entry(s) should Dolley record relating to the machine for 2011?
The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $6,400 of an employee's pay. Assume that an employee earned total wages of $11,900. What is the amount of total unemployment taxes the employer must..
Toto Company reports the following on its year end balance sheet:
Leonard Bailey is one of several partners in a medium sized (50 employees) CPA firm. Wilma Lawrence is the controller of ABC Manufacturing, one of Leonard’s clients. She has been with the company for 28 years and is very protective of what she consid..
campbell runs a clothing store and has produced the following trial balance for the year ended 31stnbsp march 2012. the
Oldham Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $4.00 per machine-hour and fixed manufacturing overhead cost of $87,822 per period. If the denominator level of activity is 4,100 machine-hours, the f..
Discuss the following items this week regarding your pay stub and the payroll process within your current or a former organization: After examining the paycheck stub, are there things that you don't understand? If so, research that deduction? Share w..
On January 1, 2014, SydneyInc. acquired 30% of Elle Corp. Sydney used the equity method to account for the investment. On January 1, 2015, Sydney sold two-thirds of its investment in Elle. Sydney has the option of using either the equity method or th..
During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $2,250. Illustrate what is the total recorded cost of the automatic score keep..
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