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Question - The accounting records for Eisenhower Manufacturing Company disclosed the following cost information for the current year:
Direct materials$30,000
Direct labor$40,000
Fixed manufacturing overhead$50,000
Variable manufacturing overhead $10,000
Assume the company produced 10,000 of inventory, sold 6,000 of these units in the current year. and that there was no beginning inventory. The cost per unit under variable and absorption costing would be, respectively:
A. $2.50 and $5.50
B. $7.00 and $5.00
C. $8.00 and $13.00
D. $9.50 and $15.00
Fiber-works Company is a manufacturer of fiberglass toy boats. Calculate the actual cost per pound of ?berglass purchased during August
Purnell, Inc., has a semimonthly payroll of $53,900 on September 13. The total payroll is taxable under FICA Taxes HI; $50,400 is taxable under FICA Taxes OASDI; and $7,300 is taxable under FUTA and SUTA.
Issued 5,000 ordinary shares at P45 per share, less cost related to the issuance of the share totalling P7,000.00
Differentiate between the financial advice you would receive from a traditional investment advisor and one of the new online planning and advice sites.
Recovery of Previously Deducted Expense: Fred uses the accrual method for determining his deduction for state income taxes
the following information is available for the first month of operations of korv inc. a manufacturer of art and craft
Low4All Stores establishes a $200 million liability at the end of 2014 for the estimated costs to settle a class-action lawsuit alleging discrimination.
marin company is currently producing 16800 units per month which is 77 of its production capacity. variable
The primary accounting standard-setting body in the United States is the:
With that said, is pursuit of ALL self interest in contract unethical? If not, at what point does it become unethical?
In 2016, Sawyer Corporation, a calendar year, accrual method C corporation had income per books before tax of $350,000.
Which January transaction would not be recorded in a special journal?
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