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During its most recent fiscal year, Simon Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
what is a relevant cost? are variable costs always relevant costs? choose a company that interests you and identify
Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars)
suzanne owns interests in a bagel shop a lawn and garden store and a convenience store. several full-time employees
cecil c. seymour is a 64-year-old widower. he had income for 2013 as followspension from former
1.sunset press has just purchased a new trimming machine that cost 47677. the machine is expected to save 7000 per year
The terms of the lease require the taxpayer to pay $1,000 a month. Based on the value of the automobile, the inclusion amounts for 2008, 2009, and 2010 are $313, $590, and $602, respectively. If the taxpayer uses the car 70% for business, what net..
The Accounts Receivable and Accounts Payable Subsidiary Ledgers along with the Inventory Control Sheet should be updated as each transaction affects them (daily).
singer and mcmann are partners in a business. singers original capital was 40000 and mcmanns was 60000. they agree to
when an individual pays for business expenses he or she needs to be careful not to mix the personal with the business.
Assume that the County of Katerah maintains its books and records in a manner that facilitates preparation of the fund financial statements. Prepare the necessary entries for the current fiscal year.
The standard labor time for the Cutting and Sewing departments is 0.20 hour and 0.30 hour per unit, respectively.What is the total direct labor variance for (1) the cutting department?
adjusting entries data relating to the balances of various accounts affected by adjusting or closing entries appear
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