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Konerko Company sells two types of computer chips. The sales mix is 30% (Q-Chip) and 70% (Q-Chip Plus). Q-Chip has variable costs per unit of $30 and a selling price of $50. Q-Chip Plus has variable
The same selling price is expected for 2011. Logan's variable cost per unit will rise by 10% in 2011 due to increasing material costs, so they are tentatively planning to cut fixed costs by $10,000.
Prepare a balance sheet for this subsidiary in stickles and then translate these amounts into U.S. dollars.
Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income?
Assume that the company produced the equivalent of 10,000 units of product during the year just completed. What was the average cost per unit for direct materials? What was the average cost per unit
What is the estimated amount of the firm's Accounts Receivable that will prove to be uncollectible?
At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders' equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholde
If my begining inventory is $62,000 and the ending inventory is $87,570, plus there where purchases of $138,400 and purchases discounts for $2,140 how should I perform the adjusting entries using th
Alamos Co. exchanged land and $18,000 cash for equipment. The book value and the fair value of the land were $82,000 and $90,000, respectively. Alamos would record equipment at which of the followin
The cost of title insurance was $900 and attorney fees for reviewing the contract was $500. Property taxes paid were $3,000, of which $250 covered the period subsequent to the purchase date. The cap
Compute the estimated volume in sales dollars that would be required for the year ending December 31, 20x4, to yield the same net income as projected in the budgeted income statement, if management
What was the fixed manufacturing overhead budget variance for the month?
REQUIRED: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
freight-in, $6,800; purchase returns and allowances, $4,800. Sales are made at 25% above cost and totaled 200,000 to March 9. Goods costing $21,800 were left undamaged by the fire; remaining goods w
Cesar's Bottlers can increase volume by opening and staffing additional shifts. The company has the following three choices:
What is the rebate expense and liability, respectively, shown on the 2010 financial statements dated December 31?
the stock dividend is just as good as a cash dividend," he orders. "Just watch our stock rise when we announce the stock dividend; it must be a good thing if that happens."
Prepare the correcting entries at December 31. (For multiple debit/credit entries, list amounts from largest)
What amounts should be reported for prepaid insurance and insurance expense in Roro's financial statements for the three months ended March 31, 2010?
XYZ wrote off uncollectible accounts totaling $20,000 during 2010. Under the cash basis of accounting XYZ would have reported 2010 sales of ?
Providing bookkeeping services to a public company. The services were preapproved by the audit committee of the company.
social security tax rate, 6.0% on maximum of $108,222; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid the employee?
Cost of goods manufactured equals $88,000 for 2009. Finished goods inventory is $4,000 at the beginning of the year and $11,000 at the end of the year. Beginning and ending work in process for 2009
On April 18, 2010, Jane Juniper purchased 30 shares of Bryan Corp. stock for $1210, and on September 29, 2010, she purchased 90 additional shares for $900. On November 28, 2010, she sold 48 shares,