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Mad Hatter Enterprises purchased new equipment for $365,000, FOB shipping point. Other costs connected with the purchase were as follows:State sales tax $29,200 Freight cost $5600 Insurance while in transit $800 Insurance after equipoment placed inservice $1200 Installation Cost $2000 Testing, including $300 of spoilage $700
Required:
Determine the capitalized cost of the equipment.
What are the profit variance, revenue variance, and cost variance and consider the revenue variance. What is the component volume variance? The price variance and break down the cost variance into volume and management components.
Contrast the primary focus of job order cost accounting and of process cost accounting.
LONE PINE COMPANY Statement of Income and Retained Earnings For the Year Ending December 31,20X2 ($000 Omitted) Net Sales* $36,000 Less: Cost of Goods Sold $20,000 Selling Expense 6,000 Administrative Expense 4,000 Interest Expense 400
Evaluate approximate Activity Cost Driver Rates (ACDR) for the drivers you have chosen.
question 1a sydney tramway passenger was injured in a collision with another tram which occurred after the driver
Classify these items into prevention, appraisal, internal failure, or external failure costs and calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for March and April.
How much will be available in four years, give the journal entry that Alan should make on January 1, 2011 and what is the interest for the four years?
Distinguish normal and actual cost
question during the existing year airport auto rentals purchased 60 new automobiles at the cost of 14000 per car. the
The Fringe Benefit Tax in New Zealand was introduced in the mid 1980's as an anti-avoidance measure for employment income
Prepare an income statement using the format presented on page 243. Assume a 25% tax rate.
Prepare the partners capital statement for the year and prepare the owners' equity section of the balance sheet at December 31, 2012.
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