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Washington Supply Company experienced the following costs in 2010: Direct Materials $3.50/unit Direct Labor $2.55/unit Manufacturing Overhead Costs variable $1.50/unit fixed $20,000 Selling & Administrative costs Variable Selling $2.15/unit Fixed Selling $8,000 Fixed administrative $7,000 During the year the company manufactured 95,000 units and sold 80,000 units. If the average selling price per unit was $20, how much was the company’s contribution margin?
Is the University discharged from its obligation of performancce? Is professor Glass discharged from his obligation of performance? Explain, citing the legal principles involved.
What is amount of net income during 2008, assuming that as of December 31, 2008, assets were $980,000, and liabilities were $255,000?
The bonds were sold when market rates of interest were 10 percent. The discount/ premium is amortized using the effective interest method.
Compute Janice Morgan's 2011 Federal income tax payable. If you use tax forms for your computations, you will need Forms 1040 and 4562 and Schedules A, B, C, and SE. Suggested software: H&R BLOCK At Home.
Role of the Computer in graphing the Scatter diagram.
The beginning work in process inventory had a cost of $2,200. Determine cost of completed and transferred out production, and the ending work in process inventory.
if there is no stated par value, such as "no par" or "stated value of zero par," then do you still need to have the account of "additional paid-in capital in excess of par"? If not, Illustrate how do you account for this item, or do you?
Calculation of Arithmetic ,Geometric Mean and NPV and determine the IRR of the project? (Do not include the percent sign (%). Round your answers to 2 decimal places, e.g. 32.16.)
Theory question based on revenue recognition principle - Why do the two revenue recognition policies differ?
Evaluate the number of widgets which must be sold to break even. Evaluate the number of widgets which must be sold to break even. Evaluate the breakeven point in dollars
Journal entries for legal expenses incurred in contesting the insurance settlement
Studios reported a net capital loss of $30,000 in year 5. It reported net capital gains of $14,000 in year 4 and $27,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover?
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