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You are the vice president of operations for a small manufacturing company that uses the absorptive method of accounting for fixed manufacturing overhead, and you are approaching the end of the year. The accounting manager just visited some of your supervisors and said that the profitability of the company can appear better if more products were produced, even if they are not all sold right away. Many of the supervisors do not understand how this makes sense and asked you to explain it. You decide to meet with all the production supervisors to explain this.
Explain how the profitability of the company can be made to look better if they were to produce more products, even if they are not all sold right away.
Explain how variable costing differs from absorption costing and compute unit product costs under each method, and Identify relevant and irrelevant costs and benefits in a decision situation.
RGF Manufacturing recently signed a $200,000, 138-day note on June 22. The interest rate is 5%. Using a 365-day year, how much interest will be due on the note?
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Evaluate the Polish subsidiary's depreciation expense for the existing year considering the zloty is the functional currency.
Essay Petra industries have a fiscal year of May 31. Prepare the adjusting entries for the 2008 (FYE) based on the following data.
What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30?
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Accounts receivable less allowance for bad debts of $9,500 and $17,900 for 1999 and 1998 respectively and Kinkos wrote off $10,650 of receivables as bad debts during 1999. What amount of bad debt expense was recognized for the year 1999?
What was Lozier's gross profit, What was Lozier's income from operations, What was Lozier's income before income tax and What was Lozier's income from continuing operations
Create an interpretative write up of your financial analysis, explaining trends and items of concern for the directors of FedEx. For each ratio, you should describe ratio, inform the directors about
Identify the key qualitative factors that HMI management should consider with respect to mis special order
Evaluate return on common stockholders' equity - Based on the preceding information, calculate return on common stockholders' equity.
Prepare journal entries for 2010 using the Completed-contract method.
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