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Crane Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced ....... Total Costs 10,000 $700,000 15,000 840,000 22,500 920,000 (1) Determine the vraiable cost per unit and the fixed cost. (2) Based on part 1, estimate the total cost for 14,000 units of production.
1on the variable costing income statement variable selling and administrative expenses are deducted from manufacturing
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partner d of the equal def partnership has a basis in her partnership interest of 7000. the partnership distributes
Provide the necessary journal entries to record the transactions for Wilcox for the period January 2, 2011 through December 31, 2012.
peter sold an investment property in sydney and the transaction was settled on 30 june 2012 for 800000. he incurred
Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note payable in the amount of $80,000. Gold assumes Albert's mortgage on the land of $200,000.
the intramural sports club reports sales revenue of 550000. inventory at both the beginning and end of the year totals
company a a retailer that sells music systems. the company is planning its cash needs for the month of january 2014. in
ralph forms a firm by investing 1000 dollars. this cash is immediately paid for a machine with a useful life of 3
in kapler company the cutting department had beginning work in process of 8000 units transferred out 20000 units and
charter corporation which began business in 2016 appropriately uses the installment sales method of accounting for its
You've been asked to write down a memo explaining the process and address concerns by using citations from authoritative auditing literature.
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