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Question - Write the variable cost income statement & absorption cost income statement for the below situation.
Variable manufacturing costs: $30.00/unit
Variable selling costs: $10.00/unit.
Fixed manufacturing costs: $16.00/unit at an output of 10,000 units.
Fixed selling costs: $60,000.
The beginning of the year, this company produced 8,000 units and sold 7,000 at a price of $100 per unit.
On January 1, 2013, Poole Company had a balance of $178,000 in its Land account. During 2013, Poole sold land that had cost $71,000 for $95,000 cash.
Based on past demand (sales) data of the firm, forecast the demand equation for the product/service using Excel to derive the demand equation.
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Direct materials and direct labor are 100% variable. Overhead is 70% fixed. Calculate the incremental costs of making and buying component RX5
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A coworker says to you, "We can get our cost per unit down if we just make more." Explain how this might be, and also how it might not be.
What is the net income, Units Sold (selling price per unit $60) 300 Salary $4,000 Cost of Goods Sold $4,500 Cost/Unit of Depreciation $10 Rent $2,000
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