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BLT produces plastic that is used for injection molding applications such as gears for small motors. In 2012, the first year of operations, BLT produced 6,492 tons of plastic and sold 5,410 tons. In 2013, the production and sales results were exactly reversed. In each year, selling price per ton was $1,300, variable manufacturing costs were 13% of the sales price of units produced, variable selling expenses were 0.08% of the selling price of units sold, fixed manufacturing costs were $2,726,640, and fixed administrative expenses were $502,300. Prepare comparative income statements for each year using variable costing. (If answer is zero, please enter 0. Do not leave any fields blank.)
Prepare comparative income statements for each year using absorption costing. (If answer is zero, please enter 0. Do not leave any fields blank.) Reconcile the differences each year in income from operations under the two costing approaches. (If amount is a decrease, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
coleman a married taxpayer is going to establish a manufacturing business. he anticipates that the business will be
Elysian Fields Inc uses a maximum payback period of 6 years and currently must choose between two mutually exclusive projects. Project Hydrogen requires an initial outlay of $25,000; project Helium requires an initial outlay of $35,000.
what are current assets elements in the balance sheet of the banks?
Required: Compute the fair value of LLL's liabilities that Compton incurred in the acquisition.
Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2009, and $100,000 at December 21, 2010. Dividends declared by Clliford during 2010 amounted to $400,000. 1) Caluculate the amount of dividends actu..
on january 1 2011 the travis corporation purchased a 22 in scott company by procuring 5000 shares of the 25000
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a direct labor worker at cogswell corporation is paid 22 per hour for regular time and time and a half for all work in
Periodically reconciling the physical counts of inventory to total counts reflected in accounting records by using someone who does not handle inventory or record purchases is considered to be:
on july 1 2010 spear co. issued 1000 of its 10 1000 bonds at 99 plus accrued interest. the bonds are dated april 1 2010
company has three departments. data for the most recent year is presented belowdept. c dept. a dept. tsales 4000 1920
Doug Iceberge, senior-in-charge of the audit of Fisher Industries, has decided to test the following two controls for Fisher's revenue process.
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