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Candies Inc. manufactures and sells two products, marshmal low bunnies and jelly beans. The fixed costs are $350,000, and the sales mix is 70% marshm allow bunnies and 30% jelly beans. The unit selling price and the unit variable cost for each product are as follows:Products Unit Selling Price Unit Variable Cost
Marshmal low bunnies $2.40 $1.00Jelly beans $1.80 $0.90a. Compute the break-even sales (units) for the overallproduct, E. ?b. How many units of each product, marshmallow bunnies and jellybeans, would be sold at the break-even point?
SealCoat Company made $50,000 in 2010 and paid no dividends. Primer Company's separate income in 2010 was $625,000. The controlling interest in consolidated net income for 2010 is:
instructionsa enter the balances in ledger accounts. allow five lines for each account.b from the trial balance and the
What do you need to find out before next tax season?
Prepare a schedule indicating cash collections from sales for May, June, and July.
Cash dividends were $43. The company sold equipment for $61 that was originally purchased for $28 and that had accumulated depreciation of $25. The net cash provided by (used in) operations for the year was:
Objective questions in accounting, Accounting is an information and measurement system that identifies, records, and communicates financial information to users. External users of accounting information include
explain three issuesproblems that a company could face when trying to determine the actual cost of a good or service to
Techno Designs produces head covers for golf clubs. The company expects to generate a profit next year. It anticipates fixed manufacturing costs of $126,500 and fixed general and administrative expenses of $82,030 for the year. Variable manu..
Jodz Company had the following stockholders' equity as of January 1, 2004. Prepare the journal entries to record the treasury stock transactions in 2004, assuming Jodz uses the cost method.
Balance sheet data for the Dover Hot Tub Company on December 31,the end of the fiscal year are as follows:
What's wrong with this strategy if they want their kids to enjoy their wealth after they are gone? What other things can you suggest to them to minimize their gift taxes?
A mail order company finds 18% of the purchases of a particular item are returned. The company estimates each return costs $0.70 in transportation and extra handling. What is the expected extra cost due to returns per unit of this item?
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