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Tennessee Tack manufactures horse blankets. In 2010, fixed overhead was applied to products at the rate of $8 per unit. Variable cost per unit remained constant throughout the year. In July 2010, income under variable costing was $188,000. July's beginning and ending inventories were 20,000 and 10,400 units, respectively.
a. Calculate income under absorption costing assuming no variances.b. Assume instead that the company's July beginning and ending inventories were 9,000 and 12,000 units, respectively. Calculate income under absorption costing.
del gato clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check.
Jill Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 10 annual payments of $4,000 at the end of each year and provides the lessor (Eller) with an 8% return on its investment. You may us..
Managers need to know enough about accounting concepts and their applications, that they can understand and interpret financial data and make the best decisions possible.
eugene and velma are married. for 2012 eugene earned 25000 and velma earned 30000. they have decided to file separate
On January 1, Top Flight Company purchased a $68,000 machine. The estimated life of the machine was five years, and the estimated salvage value was $5,000. Compute the amount of depreciation expense for the first year, using each of the following m..
In April 2006, ABC Motors had Total Sales of $100,000; Total Expenses of $60,000 and a beginning balance of Retained Earnings of $25,000. The company will pay a $10,000 dividend this month (the dividend was declared this month as well). What is th..
find the price of the bond with par value 1000 and 10 years to maturity with coupons at 8.4 convertible semiannually if
Compute the company's predetermined overhead application rate. Compute Rockville's ending work-in-process inventory. Determine Rockville's sales revenue. Was manufacturing overhead under- or overapplied during 20x3? By how much?
If the ending balance in Accounts Receivable amounted to $400, and uncollectible accounts of $200 were written off, the amount of cash inflow from customers that would appear in the operating section of the cash statement would be:
stephen anest started a new business called repairs r us inc. at the beginning of the year. unfortunately stephen has
you have been asked to help a local company evaluate a major capital expenditure. the company is a new internet company
rasheed company reports net income of 390000 for the year ended december 31 2011. it also reports 70000 depreciation
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