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Martin, Inc., has two products: a pocket metronome (unit sales price, $25; unit variable cost, $15) and a pocket tuner (unit sales price, $14; unit variable cost,$9). the company's sales mix of the pocket metronome to the pocket tuner is 4:1 and fixed costs are $32,850.a) Determine the weighted-average contribution margin.b) Calculae the weighted-average breakeven point.c) Compute the breakevem point for each product.
Htech Corp. started its operation in 2010 and has a $550,000 net operating loss when the tax rate is 35%. In 2011, the company has $680,000 taxable income and the tax rate is revised to 40% in early 2011.
Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.
The ending inventorty was 75% complete with respect to materials and 20% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?
The lease terms are arranged so that a return of 12% is earned by the lessor, what is the annual lease payment required to yield the desired return???
At the beginning of November Manny Co. had $600 worth of supplies on hand. During the month of November Manny Co. purchased $2,100 worth of supplies. On November 30, Manny Co. counted supplies and found that $1,600 remained on hand. What is the ap..
A system of accounting for production operations that uses a periodic inventory system is called a:
Tina contributed $2,400 after taxes to Roth 401(k); leaves in account until retires in 40 years age 63, which earns annual 8 percent before tax rate; marginal tax rate 30 percent. How much have accumulated after taxes if she withdraws initial cont..
Ponderosa acquired 100% control of Sumac on January 1, 2009. The purchase differential included $30,000 attributable to undervaluation of Sumac's inventory. Both Ponderosa and Sumac account for inventory using LIFO. Sumac's December 31, 2009 inven..
"Black Kitty Company recorded certain revenues of $10,000 and $20,000 on its books in 2007 and 2008, respectively. However, these revenues were not subject to income taxation until 2009. Company records reveal pretax financial accounting income an..
The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common stock is $48.
In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, the estimated fixed cost element of power costs is
The following information is available from Gray Co.'s accounting records for the year ended December 31, 2010 (amounts in million):
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