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Bill's Cabinets sells a product for $360 per unit. Th e company's variable cost per unit is $60 for direct material, $50 per unit for direct labor, and $34 per unit for overhead. Annual fi xed production overhead is $74,800, and fi xed selling and administrative overhead is $50,480. a. What is the contribution margin per unit? b. What is the contribution margin ratio? c. What is the break-even point in units? d. Using the contribution margin ratio, what is the break-even point in sales dollars? e. If Bill's Cabinets wants to earn a pre-tax profi t of $51,840, how many units must the company sell?
A product sells for $30 per unit and has variable costs of $16.50 per unit. The fixed costs are $891,000. If the variable costs per unit were to decrease to $15.30 per unit and fixed costs increase to $970,200, and the selling price does not c..
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Larson Company issued $500,000 of 8%, 5-year bonds at 106. Assuming straight-line amortization and annual interest payments, what is the amount of the amortization at each interest payment point?
Three years after the contribution date, the land contributed by Cheryl is sold by the partnership to a third party for $90,000. How much taxable gain will Cheryl recognize from the sale?
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U.S. Political Consultants has been in existence for many years. During the month of November, the following events occurred:
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