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Question :
168. Bobby Sons and Smith Company was concerned that increased sales did not result in increased profits for 20X6. Both variable unit and net fixed manufacturing costs for 20X5 and 20X6 remained constant at $20 and $2,000,000, correspondingly.
In 20X5, the company produced 100,000 units and sold 80,000 units at a price of $50 per unit. There was no starting inventory in 20X5. In 20X6, the company made 70,000 units and sold 90,000 units at a price of $50. Administrative and Selling expenses were all fixed at $100,000 each year.
Required:
a. Purpose income statements for each year using absorption costing.
b. Purpose income statements for each year using variable costing.
c. Describe why the income was different each year using the two methods.
Purpose absorption and contribution margin income statements for the succeeding quarter for the division. Evaluate production costs per unit for both approaches and for both quarters.
Evaluate the activity rates (i.e., cost per unit of activity) for the activity cost pools. Round off all evaluation to the nearest whole cent. Using the activity-based costing system, determine the customer margin for Paints-R-Us. Round off all c..
Method of inventory cost do you believe is superior to the others in providing information to potential investors? Explain and the costs to purchase inventory had been falling instead of rising.
fixed costs are $250,000, the unit selling price is $20, and the unit variable costs are $16, what is the break-even sales (units) if fixed costs are reduced by $40,000?
Which BPM software would you select and why? Identify the vendor, the name of the software package and several of the features that you thought that would be most beneficial to your company?
Explain tests that you would perform to test the correctness of pricing of raw materials, work in progress, and finished goods. Determine the amount of projected population misstatement based on your sample.
question1. using microsoft excel prepare a flowchart documenting the acquisitionpayment process for abc corporation.
question on 1st january 2011 phoenix co. acquired 100 of the outstanding voting shares of sedona inc. for 600000 cash.
Using T accounts enter the beginning balances in the ledger accounts and post the April transactions and Tot. trial balance $8,254. Gross profit $463
Jane expects that she will need $12,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?
Computation of book value of preferred stock and common stock - Determine the book values per preferred share and per common share
The bank tells me the discount rate should be 10 percent. If the project loses money, let me know how many procedures in addition to the 450 projected per year we would need to generate in order to break even.
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