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Felton Company has a factory machine with a book value of $90,000 and a remaining useful life of 4 years. A new machine is available at a cost of $200,000. This machine will have a 4-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $600,000 to $440,000. Prepare an analysis showing whether the old machine should be retained or replaced.
Prepare a forecasted contribution margin income statement for 2012 that shows the expected results with the machine installed. Assume that the unit sales price and the number of units sold will not change, and no income tax will be due.
cardco inc. has an annual accounting period which ends on december 31. during the current year a depreciable asset
randolph is a 30 partner in the rd partnership. on january 1 rd distributes 15000 cash an investment with a fair value
The manufacturing costs for 40,000 units are: direct materials $900,000; direct labor $450,000; variable overhead $900,000; and fixed overhead $750,000. All costs except $500,000 in fixed overhead will be avoided if the parts are purchased.
Provide an example of financial institutions, and state what role they play in securities markets.
Will Company's independent CPA discovered that the ending inventory for 20B had been overstated by the company $2,000. Before the correction, what was the effect in the 20B income statement because of the overstatement of the ending inventory
clemson co. incurs 700000 of overhead costs each year in its three main departments machining 400000 inspections 200000
Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values an..
simon enterprises applies variable overhead at a rate of 1.50 per direct labor hour and fixed overhead at a rate of
The constraint at Bulman Corp. is time on a particular machine. The company makes three products that use the machine. Data appears below:
elgin battery manufacturers had sales of 1000000 in 2009 and their cost of goods sold represented 70 percent of sales.
On July 1 of the current year, the unrestricted partnership interest (fair market value of $25,000) was transferred to Susan. How should Susan treat the receipt of the partnership interest in the current year?
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