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Gabby’s Wedding Cakes creates elaborate wedding cakes. Each cake sells for $600. The variable cost of making the cakes is $250, and the fixed cost per month is $8,750.
Required
a. Calculate the break-even point for a month in units.
b. How many cakes must be sold to earn a monthly profit of $7,000?
During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year?
The following standards for variable manufacturing overhead have been established for a company that makes only one product: What is the variable overhead efficiency variance for the month?
An asset costs $80,000 and has a salvage value of $7,000. It has a four-year life. Using double-declining-balance depreciation, Year 2 depreciation would be:
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If Gruden accepts the offer, its fixed overhead will increase from $46,512 to $51,412 due to the purchase of a new imprinting machine. No sales commission will result from the special order.
Explain how technology has influenced price-setting practices and explain the role of the management accountant in ensuring that optimal price setting strategies are implemented.
The asset is sold at the end of 2008 for $130,800. What are tax aspects of this transaction for Mark Farris, a 60% owner of the company?
Determine equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory. Show all of your work.
At the end of the year, the firm's records revealed the following actual cost and operating data for all cases handled during the year.
objective of financial reporting by business enterprises and Short term investment would be classified as an assets and would appear on the income statement
Last year Burford Company's cash account decreased by $19,000. Net cash used in investing activities was $9,000. Net cash provided by financing activities was $16,000. On the statement of cash flows, the net cash flow provided by (used in) operating ..
Evaluate the basic and diluted consolidated EPS for the year ended 31 st December, 2014. Use quarterly share averaging.
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