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An executive from a large merchandising firm has called your vice-president for production to get a price quote for an additional 100 units of a given product. The vice-president has asked you to prepare a cost estimate. The number of hours required to produce a unit is 5. The average labor rate is $12 per hour. The materials cost is $14 per unit. Overhead for an addition 100 units is estimated at 50% of the direct labor cost. If the company wants to have a 30% profit margin, what should be the quoted price, for the 100 units? [This is not target costing]
A partial adjusted trial balance for Dodgers Co at 9/30/15 shows the following, with each account having a normal balance: If $4,182,000 was collected in September for services performed in September and $596,000 was collected in September for servic..
Prepare a table with the column headings. Use the table to show how to distribute net income of $450,000 for the calendar year under each of the alternative plans being considered(Round answers to the nearest whole dollar).
when market value is $40 per share. Prior to split, Abbott had 50,000 shares of $10 par value common stock issued and outstanding. After split, Find the par value of the stock
What is the relevant sales level to consider when deciding whether to introduce Crunch Stuff n' Stars and captin's Cereal is considering introducing a variation of its current breakfast cereal, Crunch Stuff.
If an initial bank deposit of $5,000 yields an account value of $12,000 at the end of 10 years, what is the interest rate at work? If an initial deposit of $250,000 is made into an escrow account that pays 9% interest annually, what is the maximum am..
Read each definition and compare and contrast the FASB and IASB versions and then compare to the Boards' definition and what is the best definition and why?
Price consists of land $10,000; building $22,000; and equipment $6,000. (Make one compound entry.) 5 Advertised the opening of the driving range and miniature
The Intramural Sports Club reports sales revenue of $1,090,000. Inventory at both the beginning and end of the year totals $190,000. The inventory turnover ratio for the year is 4.9. What amount of gross profit does the company report in its income s..
A patent was purchased from Craig Company for $4,000,000 on June 1, 2010. Lewis estimated the remaining useful life of the patent to be eight years. The patent was carried in Craig's accounting records at a net book value of $3,500,000 when Craig ..
mr.arvind has good amount of savings he wanted to start a business which can give him a good margin of profit. he
the land was purchased for 450000 and construction costs including the installation ofconcrete lining and multiple
kelly company paid current months rent 2000.prepare a double entry accounting system finding out the two accounts
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