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Briar Tek has fixed costs of $700,000. Selling price per unit is $180 and Variable cost per unit is $110. How many units must Briar Tek Sell to earn a profit of $560,000?
. Average production was 20,000 units per month. Utilities cost was $8,250 in May and $10,500 in October.what The variable utility cost per unit, to the nearest cent, is:
A company is using the high-low method and has determined the following production for the months of January, February, March, and April of 6,000, 5,000, 5,550, and 2,000, respectively. During the s
Stroud resold the land to an unrelated party for $100,000 on September 2Refer to Scenario 4-1. The land will be included in the December 31, 20X2 consolidated balance sheet of Pennie, Inc. and Subsi
A company sells two products - X and Y. Product X is sold at a price of $50 and has a variable cost of $25. Product Y is sold at a price of $25 and has a variable cost of $20. Product X and Y are so
John's Camera will lower its fixed to $80,000 but raise its variable costs to $90 per unit. Should John's Camera go forward with the change in production process?
In making the decision about buying the new machine, how much are total sunk costs?
Materials and labor are the only variable costs. Under what situation should the company lower the price of its windows?
In June they plan to produce 3,000 units. What is their production cost per unit for May and total production costs for June?
At its present level of operations, a small manufacturing firm has total variable costs equal to 65% of sales and total fixed costs equal to 20% of sales. If sales change by $1.00, how operating inc
Rumper Company has 2,000 obsolete ratchers in its inventory which have a cost of $22 each. If the ratchers are reworked they could be sold for $37 each. If sold as-is, the revenue would be only $10
What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Alice, and Pat of $20,000 each ($60,000 total). How much will Marcie's adjusted gross income increase as a result of the above items?
what Kaylyn reports the income from KKM during the current tax year:
At the end of the year, Roger's share of partnership liabilities increased by $20,000. what Roger's basis in the partnership interest at the end of the year is
Alexandra took the land subject to the $270,000 liability. What is Alexandra's basis in the land?
Cynthia owns 10% of the stock of Fitness Design Corporation (a regular C corporation), and is its manager. Fitness Design reports taxable income of $70,000 and pays $60,000 in dividends to sharehold
at the beginning of the period, the cutting department budgeted direct labor of 30,000 and supervisor salaries of 20,000 for 4,000 hours or production. the department actually completed 5000 hours o
In a memo to your new assistant, Sally Jones, explain to her the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports she could
Carner Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:
During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%. Instructions: Compute the proper earnings per share for 2010.
Prepare a comparative income statement, with vertical analysis, stating each item for both 2006 and 2005 as a percent of sales.
Prepare a comparative balance sheet, with horizontal analysis, for December 31. 2006 and 2007. (Round percents to one decimal point.)
On December 31, 2010, Wolfe retired $240,000 of these bonds at 101 plus accrued interest.
Any excess of cost over fair value was attributed to goodwill, which has not been impaired. Emery Co. reported net income of $400,000 for 2008 and paid dividends of $200,000 during that year.