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Matrix Company has a Maintenance Department that maintains the machines in departments A and B. Next year Department A is budgeted to have 6,000 machine-hours of activity and Department B is budgeted to have 24,000 machine-hours. Fixed costs in the Maintenance Department are budgeted at $60,000 per year and are incurred in order to support peak period activity. Department A requires 25% of the peak period capacity and Department B requires 75% of the peak period capacity. How much of the fixed cost of the Maintenance Department should be charged to Department B?
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Firm M and firm N are related parties. For the past several years, Firms M's marginal tax rate has been 34%, Firm N's marginal tax rate has been 25%
using securities worth $3 million, Daniel would like to create a trust, life estate to Marcia, remainder to her children. he is hesitant to do so because of the tax generationskipping transfers. write a letter to daniel advising him on this matter..
using the percentage of receivables method for recording bad debts expense estimated uncollectible accounts are 15000.
a companys data is presented below. desired ending inventory is a consistent percentage of the next quarters sales and
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A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that
Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Spor..
structuring a make-or-buy problem fresh foods a large restaurant chain needed to determine if it would be cheaper to
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The accountant of Whitney Houston Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2007- Prepare a multiple-step income statement. Prepare a single-step in..
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