Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Varilux manufactures a single product and sells it for $10 per unit. At the beginning of the year, there were 1,000 units in inventory. Upon further investigation, you discover that units produced last year had $3 of fixed manufacturing costs and $2 of variable manufacturing costs. During the year, Varilux produced 10,000 units of product. Each unit produced generated $3 of variable manufacturing cost. Total fixed manufacturing cost for the current year was $40,000. Selling and administrative costs consisted of $12,000 of variable costs and $18,000 of fixed costs. There were no inventories at the end of the year. Required: Prepare two income statements for the current year: one on a variable cost basis and the other on an absorption cost basis. Explain any difference between the two net income numbers and provide calculations supporting your explanation of the difference
What is the remaining obligation on January 1, 2010 afterthe first payment has been made?
on january 1 a machine with a useful life of five years and a residual value of 40000 was purchased for 120000. what is
Marsha Moore gave property with an adjusted basis of $28,000 to Alfred when the fair market value of the property was $25,000-What is Alfred’s basis for gain? What is his basis for loss?
Doug pays a county personal property tax on his automobile of $1,500. The $1,500 includes $800 based on the weight of the car and $700 based on the value of the car. How much of the tax can Doug deduct on his tax return?
on apr 1 2008 ob company entered into a 10 yearfranchise agreement with a group of individuals. the firm recevies
What amount related to the bonds will LHD report in its balance sheet at December 31, 2009 for bonds payable? What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31,2010?
Garfield Company purchased, as a held-to-maturity investment, $80,000 of the 9%, 5-year bonds of Chester Corporation for $74,086, which provides an 11% return
gift shop ubit. a local exempt organization that trains at-risk youth for employment has an annual operating budget of
what is a guaranteed payment? how is it reported on form 1065 and its various schedules? how is it reported to and by
the costofan intangileasset with a infitsuseful life is amortizaed intangibles typically have no residual values so the
He explains that although he has invested a great deal in security, he is sure shoplifting and other forms of inventory shrinkage have occurred, but he does not see any deduction for shrinkage on the income statement. The store uses a perpetual in..
requirement 1 - prepare the journal entries in the general journaljounral entriesrequirement 2 - post journal
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd