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Question - The level of inventory of a manufactured product has increased by 7,518 units during a period. The following data are also available:
Variable
Fixed
Unit manufacturing costs of the period
$12.00
$3.00
Unit operating expenses of the period
4.00
5.00
Required - What the effect on operating income if variable costing is used rather than absorption costing would be a(n)?
a. $60,144 decrease
b. $22,554 increase
c. $22,554 decrease
d. $60,144 increase
Shaw Company, On December 1, Shaw sells the stock investments for $32,500 in cash. Journalize the purchase and sale of the common stock.
Apple Inc. (Apple) is a worldwide provider of innovative technology products and services. Apple's products and services include iPhone®, iPad®, Mac®, iPod®, Apple TV®, a portfolio of consumer and professional software applications, the iOS and OS..
the balance in beginning work in process at bing rubber company for direct labor was 152300. during the month of march
A spring of natural length 12 in. requires a force of 6.0 lb to stretch it 2.0 in. See Fig. 26.64. Find the work done in stretching it 6.0 in. From Hooke's law, we find the constant for the spring, and therefore f(x) as
"A" and "B" are partners who share income in the ratio of 2:1 and who have capital balances of birr $65,000 and $35,000 respectively . If a new partner.
National Truck Company paid cash of $20,000. Determine National's gain or loss on the transaction. Prepare the journal entry to record the trade-in of the old truck on the new one.
Prepare the journal entry by the parent to record the purchase. Acquisitions of additional shares of a subsidiary once control has been achieved
You are doing a bank reconciliation for May, 2010. What dollar amount should be deducted from the balance per bank statement
You purchased 100 shares of a $2 preferred stock 1 year and 1 day ago for $25 per share. You sold the stock today for $30 per share.
Prepare journal entries required for the gas station and the asset retirement obligation at December 31, 2020. Harvey uses straight-line depreciation
What accounts do you debit and credit to move net income to statements of retained earnings? To record the closing entry that effectively moves Net Income
Compare the valuation properties and performance characteristics of in-the-money calls and out-of-the-money calls (from parts a and c).
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