How much is the conversion cost per unit
Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
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The Durn Company began operations at the beginning of 2010. At the end of 2010 the company reported taxable income of $9,800 and financial income of $11,200, because of a single temporary difference.
At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $34,000. How much is the selling price per unit?
In 2010, Thornton sold 3,000 units at $500 each. Variable expenses were $250 per unit, and fixed expenses were $200,000. The same selling price is expected for 2011.
Use the following information to decide whether the this lease qualifies as an operating or capital lease for Keller, and give an explanation using the four classification criteria.
The equipment has an estimated economic life of seven years and has zero residual value at the end of this time. Straight-line depreciation is used for similar assets.
Prepare the net cash flow from operating activities section of the 2010 statement of cash flows for the Hyde Company.
Franco and Elisa share income equally. During the current year the partnership net income was $40,000. Franco made withdrawals of $12,000 and Elisa made withdrawals of $17,000.
Hibbett company does not segregate sales and sales taxes on its cash register. its register total for the month is $259,700, which incluses 6% sales tax.compute sales taxes payable, and make the entry to record sales and sales taxes payable.
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