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Canyon reported $106,000 of net income for the year by using variable costing. The company had no beginning inventory, planned and actual production of 50,000 units, and sales of 47,000 units. Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. If there were no variances, net income under absorption costing would be:A. $52,000.B. $97,000.C. $106,000.D. $115,000.E. $160,000.
The annual interest rate on the mortgage payable was 7.75 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. What should the correct adjusting entry b..
on dec 31 2007 jamfest travel inc. had 450000 shares of no-par common stock issued and outstanding. all shares were
vulcan molding produces molded rubber components. at the start of the year the company estimated that it would incur
bloom corporation had the following 2014 income statementsales
chatham mae is single age 35 and wants to make a contribution to an ira for the year ended december 31 2013. she is an
the acctual cash recieved from cash sales was 11279 and the amount indicated by the cash register total was 11256 what
for several years a number of food lion inc. grocery stores were unprofitable. the company closed and continues to
Calculate depreciation expense for the first three years and calculate depreciation expense for 2015
Monica (not in the loan business) loaned Lateisha $25,000 two years ago. During the current year, Lateisha declared bankruptcy.
nbspnbspnbspnbspnbspnbsp nbspnbsprodriguez corporation nbspnbspissues 6000 shares of its common stock for 81800 cash
Dove Corporation manufactures and sells climate controlled wine cabinets. Its most popular model sells for $3,000 and comes with a basic 90-day warranty/ For am Extra $150 this warranty is extended to three years, and for $300 the warranty is extende..
On January 1, 2012, the truck was overhauled at a cost of $20,000, which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation fo..
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