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Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following sales forecast for the coming month. April May June July Forecasted unit sales 11,240 13,470 8,550 9,340 Julian expects to have 5,508 drum sets in ending inventory on March 31. The company's policy is to carry 49 percent of the following month's projected sales in ending inventory. Prepare Julian's production budget for the second quarter.
Mighty Safe Fire Alarm is currently buying 59,441 motherboards from Mother Board's Inc. at a price of $65.00 per board. Mighty Safe is considering making its own boards. The costs to make the board are as follows: Direct Materials $29.00 per unit, Di..
Assume a division of Hewlett-Packard currently makes 8,000 circuit boards per year used in producing diagnostic electronic instruments at a cost of $33 per board, consisting of variable costs per unit of $26 and fixed costs per unit of $7. Further as..
Write down a memo to her advising how she might modify her current manual accounting system to accomodate the expanded business activities.
Why is it considered important to document the flow of an accounting information system and how does a document flowchart assist (i) an accountant, and (ii) a data security expert?
Dewitt Educational Products started and finished job number RM67 during June. The job required $4,600 of direct material and 30 hours of direct labor at $16 per hour. The predetermined overhead rate is $4 per direct-labor hour.
S corps and partnerships are both pass through entities, but the pass through rules are NOT identical. What are the differences in terms of limitations due to basis?
multiple choice questions related to basic1. which of the following is true about service providers liens on personal
Determine the total flexible budget materials variance and indicate whether it is favorable or unfavorable and Calculate the materials price variance and indicate whether it is favorable or unfavorable.
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
At the end of the year, 20% of the goods were still in X-Beams' inventory. Kent's reported net income was $300,000. What was the noncontrolling interest in Kent's net income?
npv of purchasing the new machine.skates company is interested in replacing a molding machine with a new improved
1- the write -off inventory due to obsolence.2- discovery that depreciation expenses were omitted by accident from
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