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Prepare monthly income statements, balance sheets, and cash budgets based on sales increases of 500 units per month and 30-day advance production for January through September. When will the company
Using the perpetual system, costing by the first-in, first-out method, what is the cost of the merchandise inventory of 30 units on September 30?
The Parts Division is now producing and selling 40,000 units of the H56 each year. Production and sales of the H56 would drop by 20% if the new special part is produced for the Machine Products Divi
What is the maximum annual net operating income that Witch's Brew can make each year?
Assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, what amount would the company have to charge for the wedding cakes to just break even?
If the company allocated each month's factory overhead costs to the products made in that month, what would be the factory overhead cost per case in the busy season and in the slack season, respecti
If "interest payable" were credited when the bonds were issued, what should be the amount of the debit to "interest expense" on October 1, 2007?
what Passey's net income to be included in consolidated net income is (disregarding income taxes):
Budgeted machine hours per unit are used to allocate variable and fixed manufacturing overhead and a four-way variance analysis is used. What is the variable overhead spending variance?
ortes Co. uses the following per unit standards in the production of its only product: what is the material purchase price variance ?
Prepare journal entries to transfer overapplied and underapplied overhead to cost of goods sold for each company.
Assume that Sentacks uses a job order cost system. How much manufacturing overhead cost would have been applied to a job that used 400 direct labor hours back in March of 2007?
Xtra Company purchased goodwill from Argus for $144,000. Argus had developed the goodwill over 6 years. How much would Xtra amortize the goodwill for its first year?
On October 1, The Gala Manufacturing Company has 300 units of Product XYZ on hand. The company plans to sell 1,200 units of Product XYZ during October, and plans to have 500 units on hand October 31
If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?
All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
which includes depreciation of $8,120. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermine
The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative ex
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $174,000. The desired
The beginning cash balance will be $6,000 and the company requires a minimum cash balance at the end of the month of $5,000. How much will Francis Manufacturing need to borrow to meet its cash needs
Pitkins Company collects 20% of a month's sales in the month of sale, 70% in the month following sale, and 6% in the second month following sale. The remainder is uncollectible. Budgeted sales for t
January; February; March; April. Total sales $50,000; $60,000; $40,000; $30,000. What is the amount of cash that should be collected in March?
Desired ending finished goods inventory (in units): 28,000 30,000 35,000. How many units should Minorca plan on producing for the month of February?
Each unit of finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw mat
During the year, the warehouse processed 90,000 units for 600 customer shipments. The workers used 225 storage bins on average each day to sort, store, and process goods for shipment. The actual cos