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Nielson Corp. sells its product for $8,800 per unit. Variable costs per unit are: manufacturing, $4,800, and selling and administrative, $100. Fixed costs are: $24,000 manufacturing overhead, and $32,000 selling and administrative. There was no beginning inventory at 1/1/12. Production was 20 units per year in 2012 -2014. Sales was 20 units in 2012, 16 units in 2013, and 24 units in 2014. Income under absorption costing for 2014 is?
temple corp. is considering a new project whose data are shown below. the equipment that would be used has a three-year
In the current year, Sue received a liquidating distribution of real estate from UTSRQ Partnership, a general partnership. The real estate had an adjusted basis to the partnership of $35,000 and a fair market value of $90,000 on the date of the di..
During the last month of 2009, the first month of the offer, Funzy sold 12 million boxes of Wheatos and 2.4 million of the coupons were redeemed.
Sanger Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that:
a company purchased office equipment for 20000 and estimated a salvage value of 4000 at the end of its 5-year useful
Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.
Jose purchased a house for $175,000 in 2005. He used the house as his personal residence. In March 2008, when the fair market value of the house was $255,000, he converted the house torental property.
How should you account for the difference between the carrying value and the purchase price in the consolidated financial statements for 2011?
william manufacturing company began implementing a just-in-time inventory system several months ago. the production and
kingston corporations accumulated depreciation-furniture account increased by 10200 while 6600 of patent amortization
Which is the better investment-common stock with a par value of $5 per share or common stock with a par value of $20 per share?
on may 1 jeffrey inc. factored 1200000 of accounts receivable with bilked finance on a without recourse basis. under
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