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1. Accounting for R&D Costs Martinez Company incurred the following costs during 2010 in connection with its research and development activities.
Cost of equipment acquired that will have alternative uses in future R&D projects over the next 5 years(uses straight-line depreciation) $330,000Materials consumed in R&D projects 59,000Consulting fees paid to outsiders for R&D projects 100,000Personnel costs of persons involved in R&D projects 128,000Indirect costs reasonably allocable to R&D projects 50,000Materials purchased for future R&D projects 34,000
Compute the amount to be reported as research and development expense by Martinez on its income statement for 2010. Assume equipment is purchased at the beginning of the year.
During the past year a company had total fixed costs of $70,000. Its product sold for $9 per unit. Variable costs during this time equaled $5 per unit.
The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one year contract started October 1.
at december 31 2014 navaro company reported the following as plant assets. land 3000000 buildings 26500000 less
houston fashions is considering a new product line that would require an investment of 140000 in fixtures and displays
Using the balance sheets, prepare a vertical common-size analysis for 2011 and 2010. Use total assets as a base. Using the balance sheets, prepare a horizontal common-size analysis for 2011 and 2010. Use 2010 as the base.
the diamond glitter company is in the process of preparing its financial statements for 2012. assume that no entries
Mark's tax adjusted trading profit for the nine-month period ended 31 December 2012 is Kshs 200,700. Thisfigure is before taking account of capital allowances.
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javits amp sons common stock currently trades at 30 a share. it is expected to pay an annual dividend of 1.50 a share
listed below are several transactions that took place during the second two years of operations for rpg consulting.
The following information is available for Castle Company for the month of January 2010. Determine the direct labor cost for January 2010.
listed below are the unadjusted general ledger account balances of franklin co. at december 31 2010 amounts are
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