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Spadoni Company had the following data (in thousands) for a given period. Assume there are no inventories. Direct labor $165 Direct materials 160 Variable indirect manufacturing 100 Contribution margin 185 Fixed selling and administrative expenses 105 Operating income 45 Sales 855 Compute the (a) variable manufacturing cost of goods sold, (b) variable selling and administrative expenses, and (c) fixed indirect manufacturing costs.
At January 1, 2015, Alligator Industries reported retained earnings of $150,000. During 2015, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2015, the amount of retained earnings is.
discuss the following1. nature of business2. if there are mention and discuss two 2 subsidiaries of the chosen
Andrew and John are discussing various aspects of SAC2 'Objective of general purpose financial reporting'. Andrew says that this concept statement provides little, if any, guidance to the practising professional accountant in resolving accounti..
Learning Objectives 4, 5, 6: Analyze the impact of business transactions on accounts; record (journalizes and post) transactions in the books; The five-day weekly payroll is $6,100 and will be paid on Friday. Requirement 2 Prepare adjusted trial bala..
Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000. During 2011 Gates reported net income of $150,000 and paid dividends of $50,000. During 2012 Gates reported net income o..
What role does a bank reconciliation play in internal control over cash? Name some businesses whose needs for cash fluctuate during the year.
Calculate diluted earnings per share for 2012, assuming the same facts as above, except that $1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Lindsey common sto..
Aggregate future maturities of long-term debt at face value were as follows at February Reproduced below is the debt footnote from the 2013 10-K report of Dell Inc
Prepare in general journal form the workpaper entries necessary in the compilation of consolidated financial statements on December 31, 2017.
Susan Elbe is preparing a worksheet. Explain to Susan how she should extend the following adjusted trial balance accounts to the financial statement columns of the worksheet.
The effect of accepting the special order on Melville's operating income next year - economically indifferent between accepting or rejecting the special order from Mowen?
A manufacturer of plastic? products, reports the following manufacturing costs and account analysis classification for the year ended December? 31, 2014. Prepare a schedule of? variable, fixed, and total manufacturing costs for each account category ..
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