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Top Sail Company produces one type of machine with the following costs and revenues for year.Total Revenues: 5,600,000Total Fixed Costs: 2,700,000Total Variable Costs: 1,400,000Total Units Produced and Sold: 700,000
What is the selling price per unit?What is the variable cost per unit?What is the contribution margin?What is the break-even point in units?
As the company accountant you must give the necessary information to support your recommendation to Board of Directors.
Calculate the plantwide cost driver rate and use this rate to assign overhead costs to products. Calculate the gross margin for each product and calculate the total gross margin.
Explain and calculate FBT liability. What is the after - tax cost to the employer of providing the benefits and decide which amount of CGT Tax payable will be considered as a CGT tax liability for the tax payer.
Determine the current costs to complete the starting inventory
Determine the equivalent units of production for each cost element in the Creation Dep. for the month just ended and evaluate the average cost per equivalent unit for every cost element.
Purpose the cash flows from the operating activities
In cost accounting determining the relationships between cost, volume and profit are very important. This assignment will have you use scenarios and goal seek to calculate breakeven and changes in cost and volume.
Assess financial accounting standards as they relate to presentation and disclosure in general purpose financial statements and evaluate, measure, value and present financial statements in conformity with GAAP relating to assets
Create the general journal entries to record each of these events and prepare the closing entries.
There were no other errors or corrections. Ignore any tax considerations - evaluate the total net effect of errors on Mystical's 2013 net income?
Love Bug Used Auto Sales asked for your help in comparing the company's profit performance and financial position with the average for the auto sales industry. The proprietor has given you the company's income statement and balance sheet as well a..
McGee Corporation offers Gruden $5 per disc for 5,000 discs. McGee would sell discs under its own brand name in foreign markets not yet served by Gruden.
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