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Preston Wade Preston Wade, a local craftsman, normally sells his handcrafted wooden birdhouses for $145 each. Preston has the capacity to produce as many as 60 birdhouses a week. In a normal week, Preston makes 20 birdhouses with the following costs per unit:
Direct materials $12.00
Direct labor $15.00
Variable overhead $3.00
Fixed overhead $5.00
Refer to the Preston Wade information above. Preston has received a special order from a local plant nursery for 40 birdhouses. The nursery wishes to have the birdhouses engraved with their own logo, therefore, the order would require the rental of a special engraving tool at a cost of $250. Preston requires a minimum $2,500 profit on any special order. The minimum price per birdhouse that Preston should charge the nursery is:
a. $98.75.
b. $145.00.
c. $95.00.
d. $65.00.
Journalize the adjusting entries required at July 31, 2014 and briefly explain the difference between adjusting entries and entries that would be made to correct errors.
Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable - Manatee customer balance for finance charges on unpaid balances
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How much retained earnings do the firm have and find How much long-term debt does the firm have
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Highlight tmpohe three most irtance AIS concepts you learned and how these concepts changed your understanding of AIS. Use examples.
1 the normal selling price of the medical equipment is 260000 and cost of the asset to carl leasing inc. was 135000.2
Collectibility of lease payments is reasonably predictable, and no important uncertainties surround the amount of costs yet to be incurred by the lessor.
Prepare a statement of financial position, income statement and statement of retained earnings in proper financial statement format for Marmidan Corporation Inc.
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