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Problem - The actual and planned data for Underwater University for the Fall term were as follows:
Actual
Planned
Enrollment
4,500
4,125
Tuition per credit hour
$120
$135
Credit hours
60,450
43,200
Registration, records, and marketing cost per enrolled student
$275
Instructional costs per credit hour
$64
$60
Depreciation on classrooms and equipment
$825,600
Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term.
The amount paid to employees in excess of $7,000 was $720,000. Prepare the journal entry for the wages and salaries paid
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firehouse inc issues 2000000 of 7 bonds due in 10 years with interest payable at year end. the current market rate of
Journalize the contingent liabilities associated with the hazardous materials spill. Use the account "Damage Awards and Fines" to recognize the expense
Retrospective restatement usually is appropriate for a change in :
Blurt Company's budget for the month just ended called for producing, Write a short memo analyzing the current month's performance.
Prepare the consolidated financial statements for Lead Beaters Ltd at 30 June 2017 - Explain the rationale of intragroup transactions for (a) and (b) above
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andy wrightd.d.s. opened a dental practice on january 1 2008. during the first month of operations the following
The tax rate is 30 percent. Prepare the necessary journal entries to recognise the non-controlling interest as at 30 June 2019
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