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Question - Ice Cold Corporation makes dorm-size refrigerators. The company's records show the following unit costs to manufacture part #15498:
Direct materials - $15
Direct labor - $18
Variable overhead - $23
Fixed overhead - $13
Another manufacturer has offered to supply Ice Cold Corporation with part #15498 for a cost of $60 per unit. Ice Cold uses 1,000 units annually.
Required - If Ice Cold Corporation accepts the offer, what will be the short-run impact on income?
Prepare the journal entries to account for Job No. M102, including spoilage, disposal of spoiled units, and transfer of costs to the Finished Goods account.
The Helper Corporation manufactures one product. You have obtained the following information for the year ended December 31, 19x9, from the corporation's books and records:
During the month, the actual total variable manufacturing overhead was $48,840, What was the variable overhead rate variance for the month
1. what is the fica-oasdi for the er amount based on this total earnings figure a 2864.10 b669.83 c3533.92 d856.83 2.
Compute the net cash inflow (cash receipts less yearly cash operating expenses) anticipated from the sale of the device for each of the 12 years.
gummo company sells many products. guzmo is one of its popular items. below is an analysis of the inventory purchases
The Cash Price of a machine was £1,200. D. George acquired it on 1st January, 1959, and paid a deposit of £400 on that day.
separation of duties is a key feature in an internal control system. why is separation of duties such an important
Project L costs $35,000, its expected cash inflows are $9,000 per year for 7 years, and its WACC is 13%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations. please explain in simple terms
There was no beginning inventory of product at the start of the year. What is the contribution margin for the year
Pendleton Company, a merchandising company, is developing its master budget for 2015. Prepare a budgeted functional income statement for 2015
If you were a banquet manager planning a function six months from now and planning to use this item, what unit cost would you plan for?
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