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Inspection costs at one of Krivanek Corporation’s factories are listed below:
January units produced 630 & inspection cost $8,850. February units produced 615 & in $8,819. March 602 units produced & inspection cost $8,760. April 595 unit produced & $8,743 inspection cost. May 688 units produced & $9,036. June 626 unit’s produced & 8,866 inspection costs. July 646 units produced & $8,920 inspection cost. August 670 units produced & $8,977 inspection cost. September 678 units produced & $ 9,013 inspection costs. Management believes that inspection cost is a mixed cost that depends on units produced. Using the high-low, the estimate of the fixed component of inspection cost per month is closest to? (Show your work please)
The potential forms of ex-post opportunistic behaviour that managers may still engage in despite the existence of performance contracts?
(Audit evidence) During the course of an audit, the auditor examines a wide variety of documentation. Listed below are some forms of documentary evidence and the sources from which they are obtained. Classify the evidence by source into one of four c..
Digregory makes all purchases on account, subject to the following payment pattern: If purchases for January, February, and March were $195,000, $175,000, and $225,000, respectively, what were the firm's budgeted payments in March?
Record journal entries for all of the above adjustments and show that the suspense account is cleared and prepare an income statement and a balance sheet
Your client, Big Corporation, and its wholly owned subsidiary, LittleCo, file a consolidated return for Federal income tax purposes. Indicate both the financial accounting and the tax treatment of the following transactions.
Prepare an annual depreciation schedule for the fixed assets of Bison Industries as of December - Bison Industries is in its first year of operations
Boyne Inc. had beginning inventory of $13,600 at cost and $20,500 at retail. Net purchases were $114,668 at cost and $172,300 at retail. Net markups were $10,800; net markdowns were $8,200; and sales revenue was $155,700. Compute ending inventory at ..
Calculate the cost per cart using direct labor hours to assign overhead costs and What is the gross margin on a deluxe golf cart?
Prepare a monthly manufacturing overhead flexible budget for each increment of 3,000 direct labor hours over the relevant range for the year ending December 31, 2014 - Prepare a monthly manufacturing overhead flexible budget for 2014 for the expec..
topic what factors contribute with the recent economic recession. need the abstract introduction and the
Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking. Calculate the number of units of the f..
Calculate the number of hours of direct labor used during November and actual manufacturing overhead costs incurred during November totaled $166, 425. Calculate the amount of over- or underapplied overhead for November.
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