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Hydra Company has 2 locations, downtown and at a suburban mall. Through March, the company reported total net income of $337,000 and sales of $1.2 million. The contribution margin in downtown store was $320,000 (40% of sales). The contribution margin in mall store is $200,000. Total fixed costs are $90,000 in downtown store and $93,000 in the mall location. How much are sales at mall location?
Determine the breakeven point in units for the Peoria plant and for the Moline plant and evaluate the operating income that would result from the production manager's plan to manufacture 96,000 units at each plant.
The journal entry to record the incurrence of direct labor costs in November would include the following for Work in Process - total cost of producing and selling the product
Jay sold land (a capital asset) to an unrelated party for $20,000 cash and a 9% note for $100,000 due in two years. His basis in the land was $40,000. Which of the following statements is correct?
What amount can be reported as the noncontrolling interest in the consolidated balance sheet on January 1, 20X9?
Evaluate the cost of goods completed and transferred out of the Assembly Department.
FICA Tax Payable for 7.5 % of gross pay, credit Employees' income tax Payable for 15 percent of gross pay, and credit salaries payable for the net pay.
Evaluate the cost will be recovered from future sales
The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product and find the labor efficiency (quantity) variance
Evaluate how many units of product Cedar
Prepare the entry record any adjustments required due to the income tax rate increase.
Evaluate the cost of the property to be recorded in the accounts. Prepare journal entries to reflect the revaluation for both building and land of the property.
Prepare a complete statement of cash flows
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