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Top Disc manufactures frisbees. The following information is available for 2013 , the company's first year in business when it produced 325,000 units. Revenue of $450,000 was generated by the sale of 180,000 frisbees.
Variable Cost Fixed CostProductiondirect material $150,000 direct labor 100,000overhead 75,000 $112,500Selling & Admin. 90,000 100,000
a. what is the variable production cost per unit?b. what is the total contribution margin per unit?c. prepare a variable costing income statement.
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While US GAAP requires assets to be valued at the lower of cost or market, there is a belief that assets with value fluctuations should be valued at market and adjusted on a regular basis. Create an argument supporting the use of market value for ..
Crawford Company has the following equivalent units for July: materials 10,000 and conversion costs 9,000. Production cost data are:
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Godert pharmaceutical company has several scientists working in the labs trying to prepare an anti-aging drug. The cost of this research and development
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Explain what a Flat Income Tax System is and how it differs from progressive tax system?.What are advantages and disadvantages of a Flat Income Tax?
The accountant of Whitney Houston Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2007- Prepare a multiple-step income statement. Prepare a single-step in..
Analyze the budget variance by calculating the direct labor efficiency and rate variances for June. What alternatives to the preceding monthly report could improve control over the stamping department's direct labor?
Explain the difference between absorption and variable costing income statements and discuss which method has a greater chance of manipulation by management.
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