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Problem 1. If the high-low points method is used, the results when compared to those under the method of least squares are
Variable cost per unit Total fixed costs
a. Equal Equalb. Higher by P1.26 Lower by P2, 850c. Lower by P1.26 Higher by P2, 850d. Higher by P5 Lower by P1, 500
Problem 2. Which of the following costs is not a product?
a. Wages paid to workers for rework on defective productsb. Wages paid to truck loaders who load finished goods onto outgoing delivery trucksc. Fringe benefits paid to factory workersd. Wages paid to workers to idle time due to machine breakdown in a production department
If the drill press costs $10,000 determine the expected benefit to cost ratio of the project using a MARR of 15%. Should the automated drill press be purchased?
bsu inc. wants to purchase a new machine for 41200 excluding 1400 of installation costs. the old machine was bought
How is an extranet different from the Internet?
Peyton is to pay the $9,000 in points charged by the lender. The broker's commission on the sale is $75,000. What is Peyton's amount realized
Townes Realty Co. pays weekly salaries of $15,000 on Friday for a five-day week ending on that day. What is the adjustment at the end of the accounting period.
What is your opinion of Randy's reasoning? Explain the circumstances under which Randy's decision would be acceptable under GAAP and circumstances under which it would definitely be unacceptable.
Bonita Industries has a product with a selling price per unit of $100, the unit variable cost is $30, How much is Bonita's contribution margin ratio
Shortly after this meeting, Mr. Reynolds informed the company's controller of the decision to lease. Calculate the net increase / decrease in annual costs.
Prepare journal entries to record the following merchandising transactions of Mason Company, which applies the perpetual inventory system.
Compute the company's CM ratio and its break-even point in unit sales and dollar sales. Compute the new CM ratio and the new break-even point
Financial reporting of Social Security has been a controversial subject in the federal government. Current federal accounting standards require.
Identify audit procedures that should have brought the item to the auditor's attention, and determine the treatment required in the financial report
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