Madison industries has equivalent units
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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John's Camera is currently selling cameras at a price of $100. The cameras have a variable cost of $75 per camera and John's Camera has a total fixed cost of $100,000.
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.
A publicly owned corporation, the company's outstanding stock consisted of 5,000 shares of $2 cumulative Preferred Stock and 10,000 shares of Common Stock in the years 2005 - 2010.
Conan Company's monthly activity level ranged from a low of 17,000 units in May to a high of 26,000 units in October. Average production was 20,000 units per month.
If the only current assets shown on the balance sheet for Arch Company are Cash, Accounts Receivable, and Merchandise Inventory, how much does the firm have in Merchandise Inventory?
The Lemon Company made a credit sale of $20,000. The invoice was sent today with the terms, 3/10 net 30. This customer normally pays at the net date.
What percentage increase in sales would enable the company to reach its goal? Support your answer with a pro forma income statement.
Tyler's Consulting Company has purchased a new $15,000 copier. This overhead cost will be shared by the purchasing, accounting, and information technology departments since those are the only departments.
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