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Stillwater designs rebuilds defective units of its S12L7 kicker speaker model. During the year, stillwater rebuilt 7,500 units. Materials and labor standards for performing the repairs are as follows: Direct materials 1 recon kit @ $150 $150.00 Direct materials 50.00 Direct labor {5 hours @ $12 60.00 1. compute the standard hours allowed for a volume of 7,500 rebuilt units. 2. compute the standard number of kits and cabinets allowed for a volume of 7,500 rebuilt units. 3. suppose the during the first month of the year, 3,750 standard hours were allowed for the units rebuilt. How many units were rebuilt during thenfirst month?
Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck.
Choose the latest proposal on changes to the treatment of capital gains and losses in which you agree would be the most beneficial to individual taxpayers indicating how these changes could be implemented.
Julia currently is considering the purchase of some land to be held as an investment. She and the seller have agreed on a contract under which Julia would pay $1,000 per month for 60 months, or $60,000 total.
Boeing Company is the largest manufacture of commercial aircraft in the United States and is a major employer in Seattle, Washington. Explain why each of the following individuals or organizations would be interested in financial information about..
There were no other items includable in her gross income. What is the amount of her adjusted gross income?
If owner's equity increased $20,000- during the fiscal year and total liabilities increased $12,000- during the same period, what happened to the assets?
How is tax basis calculated and what effect does tax depreciation have on the computation of the gain or loss on the disposition of a capital asset?
A parcel of land is: offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000 and purchased for $137,000. The land should be recorded in the purchaser's books at:
Battle Tank, Inc. had net sales in 2004 of $1,200,000. At December 31, 2004, before adjusting entries, the balances in selected accounts were: Accounts Receivable $250,000 debit, and Allowance for Doubtful Accounts $2,100 credit.
Given the firm's projections and dividend payments plans, what are its discretionary financing needs?
The Container Store currently sells a “Bento Salad Bowl,” which it is currentlymanufacturing in South Carolina. A representative from a company in Vietnam is offering to sell them for 15% less than the manufactured cost.
1.which of the following balance sheet classifications would normally require the greatest amount of supplementary
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