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Craft Company produces a single product. Last year, the company had a net operating income of $97,420 using absorption costing and $83,100 using variable costing. The fixed manufacturing overhead cost was $8 per unit. There were no beginning inventories. If 25,600 units were produced last year, then sales last year were?
At the time of purchase, the equipment had a list price of $20,000. When the balance sheet was prepared, the value of the equipment later rose to $22,000. What is the relevant amount at which to present the equipment on the balance sheet?
A company's flexible budget for 48,000 units of production showed variable overhead costs of $72,000 and fixed overhead costs of $64,000. The company incurred overhead costs of $122,800 while operating at a volume of 40,000 units. The total contro..
both high-income and low-income employees are covered by cafeteria plans. under such plans all employees may select
cameron bly is a sales manager for an automobile dealership. he earns a bonus every year based on revenue from number
What are the tax consequences of the asset transfer and land sales if Gene contributes the land to Dee Corporation in exchange for all its stock? What alternative methods can be used to structure the transaction to achieve better tax consequences?
Carol continued to serve as president of Teal Corporation after the redemption. As a result of this transaction, which of the following is correct?
Pare Long-Haul, Inc. is considering the purchase of a tractor-trailer that would cost $104,520, would have a useful life of 6 years, and would have no salvage value.
Transport reveal these transactions and events.
childrens hospital of the kings daughter in norfolk virginia introduced a new budgeting method that allowed the
At July 31 EIdman Company has this bank information: cash balance per bank $8,741; outstanding checks $777; deposits in transit $1,350; and a bank service charge $53. Determine the adjusted cash balance per bank at July 31.
wilton inc. had net sales in 2014 of 1428100. at december 31 2014 before adjusting entries the balances in selected
crumple car rentals is planning to expand into the western part of the u.s. and needs to acquire approximately 400
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