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Lorge Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2011, management estimates the following revenues and costs.
Net sales $1,800,000Selling expenses-variable $70,000Direct materials 430,000Selling expenses-fixed 65,000Direct labor 352,000Administrative expenses-variable 20,000Manufacturing overhead-variable 316,000Administrative expenses-fixed 60,000Manufacturing overhead-fixed 283,000
algon company owns a machine that cost 560000 has a book value of 240000 and an estimated fair value of 480000. nogal
doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
suppose that the financial management corporations 1000 par-value bond had a 5.700 coupon matured on may 15 2017 had a
Journalize the following transactions using the allowances method of accounting for uncollectible receivables.
blackwelder snow removals cost formula for its vehicle operating cost is 1240 per month plus 348 per snow-day. for the
Liabilities incurred, such as for accrued payroll, but still unpaid at year-end, should be recorded in the General Fund by a debit to which of the following accounts?
zenon chemical inc. processes pine rosin into three products turpentine paint thinner and spot remover. during may the
stahl inc. produces three separate products from a common process costing 100000. each of the products can be sold at
abc corporation is authorized to issue 50000 shares of 50 par value preferred stock and 750000 shares of 5 par value
Idyllwild Services was organized on August 1, 2010. A summary of the revenue and expense transactions for August follows:
brunswick parts is a small manufacturing firm located in eastern canada. the company founded in 1947 produces metal
when not cooking for cody and lucky don works part-time as a logistics expert. don needs to optimize the shipment of
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