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At long co. the total electricity cost is comprised of a basic fixed cost mad above that there is a variable expense component for the electricity. Using the estimated machines hours in the facility:
Machine hours. Total cost
50,000. $68,000
60,000 $80,000
Show calculations and answer both:
A.) estimated variable cost per machine hour for electricity
B.) estimated total fixed cost for electricity
The following inventory note appears in General Electric’s 2011 annual report. General Electric Company Edited Inventory Note 2011 2010 (millions of dollars) Raw materials and work in process $ 4,894 $ 4,708 Finished goods 4,379 3,951 Unbilled shipme..
What factors might increase the credibility of the signal provided by BHP Billiton's announcement and media attention? What factors might decrease the credibility of this signal?
Faraz Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. The best estimate of the total cost to manufacture 5,300 units is closer to:
On Jan 22. Issued a 90 day note payable 3% for $15,100. Calculate the adjusting journal entry on Jan 31 for the interest owed on this note. On Jan 2 Issued $100,000, 5-year, debenture 4% bonds with a yield of 6%. Interest payable semi annually on Jun..
The computer lists for $9800. The stock was purchased in 2002 for $38. Illustrate what are the journal entries and adjusting journal entries.
An examination of the cost records of the Williams Furniture Company reveals that the materials price variance is favorable but the materials quantity variance is unfavorable by a substantial amount. Illustrate what might this indicate?
Company pays for merchandise entirely on credit as follows: 60% in the current month, 35% in the month following, and 5% in the second month following. Assume January purchases are $65,000. How much of the January purchases are paid for in January.
All of the following statements regarding FICA taxes are true except:
Assuming that Jane has $8,000 to invest today in an account expected to earn 6% per annum, how much will she have to spend on her vacation?
Computation of book value of preferred stock and common stock - Determine the book values per preferred share and per common share
Botanic Choice sells natural supplements to customers with an unconditional right of return if they are not satisfied. The right of returns extends 60 days. On February 10, 2014, a customer purchases $3,000 of products (cost $1,500). Assuming that ba..
In the process of closing the company books, you encounter a problematic transaction. One of the company’s customers was charged twice for the same project materials, resulting in a $1,000 overcharge. You immediately notify the controller, whose resp..
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