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Question
Last year, Gransky Corporation's variable costing net operating income was $52,100, and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the absorption costing net operating income last year?
Lifsey Wedding Fantasy Company makes very elaborate wedding cakes to order. The owner of the company has provided the following data concerning the activity rates in its activity-based costing system:
Activity Cost Pools
Activity Rate
Size-related
$0.94 per guest
Complexity-related
$31.62 per tier
Order-related
$55.70 per order
Data concerning two recent orders are listed here:
Pyburn Wedding
Smith Wedding
Number of reception guests
72
189
Number of tiers on the cake
4
5
Cost of purchased decorations for cake
$29.92
$68.75
Assuming that the company charges $556.96 for the Smith wedding cake, what would be the overall margin on the order?
What is the total amount of the costs listed above that are not direct costs of the Brentwood Store and what was Indiana Corporation's net operating income for the year using variable costing?
The topic is managerial accounting / cost accounting.
A review of Parrish Corporation's accounting records found that at a volume of 144,000 units, the variable and fixed cost per unit amounted to $6 and $2, respectively.
Complete the schedule to compute the pool rates for the different activities.
What is full costing? Define and compare job order costing and activity-based costing.
Two partners who own Progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston.
Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130.
Slatter Corp operates primarily in the United States. However, few years ago, it opened plan in Spain to produce merchandise to sell there. This foreign operation has been so successful that throughout the past 24 months the company started a manu..
Determine the number of days past due for each of the preceding accounts and complete the aging-of-receivables schedule.
Total yards used for production were 3,960. How much is the total materials variance and evaluate annual rate of return expected on this machine
The extent to which the claims of short-term creditors are covered by assets that can be translated into cash in the short term and the extent to which long-term debt is covered by shareholders' funds
Identify a set of criteria for evaluating accounting theories. Drawing on your understanding of accounting as a system of measurement and apply the criteria from part a) to the historical cost approach to accounting measurement.
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