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Question - Econ Pty Ltd produced and sold 45,000 units of a single product last year. Data concerning the year's profit and loss statement are as follows:
Sales revenue $1,350,000
Manufacturing costs
Variable $585,000
Fixed $270,000
Selling costs
Variable $40,500
Fixed $544,000
Administrative costs
Variable $184,500
Fixed $108,000
Econ sells 45,000 units per year, sales revenue is $1,350,000, variable costs are $810,000 and fixed costs are $922,000. What was Econ's total contribution margin for the year?
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $541,000 and the total direct labor would be 33,000 hours..
Determined that the cost of supplies used during the month was $1,100. billed insurance companies for Revenue earned, $12,500.Paid dividends, $5,000.
Charles retired as a partner from Adam & Co two years ago. The firm has carried on business under the two remaining partners Adam and Bernard. Three months ago Adam and Bernard ordered new office equipment using old notepaper bearing the names of ..
Alpha Company expects to use the patent for six years. What does the General Journal entry look like for December 31, 2016 end of the year adjusting entry
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Complete the Bunge's federal tax return for 2015. Use Form 1040, Schedule E, and Form 3903 to complete their tax return
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The question is - what was the beginning balance in accounts receivable account for Warranty Inc
Closing costs were $1,840. An old building was removed at a cost of $11,600. What amount should be recorded as the cost of the land
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Baxter Company reported a net loss of $17,098 for the year ended December 31. During the year, operating activities under the indirect method
You believe you can save $2,500 at the end of each year. What rate of return is needed to attain the needed $50,000
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