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Fresh Mint Candy Company budgeted the following costs for anticipated production for July 2008. Advertising expenses $275,000 Manufacturing supplies 14,000 Power and light 42,000 Sales Commissions 290,000 Factory Insurance 23,000 Production Supervisor Wages $125,000 Production control salaries 33,000 Executive officer salaries 205,000 Material management salaries 29,000 Factory depreciation 17,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factor y insurance and depreciation are the only factory fixed costs.
Keep-it-Hot Inc. manufactures popular thermoses. On June 30, the company had 1,000 thermoses in inventory. Each thermos sells for $8.00. The company's policy is to maintain a thermos inventory equal to 10% of next month's sales.
in november of the current year sapphire corporation declared a dividend of 2 per share the shareholder record date is
Vacation pay and pension benefits - The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period.
The break even or cost volume profit (CVP) model is based on a number of assumptions. Discuss these assumptions and whether or not they are correct in the real world. Finally, discuss how CVP analysis can be useful in planning. Describe the advant..
cash 23800 debit as reported on bank statementsupplies 300 debit only 200 of supplies still existunearned revenue 1500
prepare journal entries for the following assume a calendar-year accounting perioddec. 1 received a three-month 15
Describe the following trade controls: Tariffs, subsidies, and quotas. How do these trade controls affect relationship of trading partners and what is their value in international business.
Mathews Bus Service traded in a used bus for a new one. The original cost of the old bus was $52,000. Accumulated depreciation at the time of the trade-in amounted to $34,000. The new bus cost $65,000, but Mathews was given a trade-in allowance of..
barry and his wife mary have accumulated over 4 million throughout their 45 years of the marriage. theyve three
question-agee corp. acquired a 25 interest in trent co. on january 1 2010 for 500000. at that time trent had 1000000
if the expected sales volume for the current period is 89000 units the desired ending inventory is 1200 units and the
waterways is thinking of mass-producing one of its special-order sprinklers. to do so would increase variable costs for
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