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Trauscht Corporation has provided the following data form its activity based costing system Activity cost pool, Assembly total cost $704,880, total activity, 44,000 machine hours, processing ordrs total cost $91,428 total activity 1,900 orders, and inspection cost $117,546 with total activity being 1,950 inspection hours. The company makes 360 units of product P23F a year, requiring a total of 725 machine hours, 85 orders, and 45 inspection hours per year. The products sells for $132.10 per unit. Accourding to the activity based costing system what is th eproduct margin for product P23F?
Evaluate and discuss how the under billings should have been accounted for in the original financial statements.Should the under billings be treated as gain contingencies? Explain your position.
Prepare corrected income statements for the two years and net income-before your corrections-is understated or overstated and indicate the amount of the understatement or overstatement.
petes pet products is a sole proprietorship owned by pete thompson. the store provides a full-line of pet products
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fabiano brothers co. is considering an investment that requires immediate payment of 550000 and provides expected cash
What effect will the bond premium amortization have on interest expense in 20x7, assuming straight-line amortization is used whereappropriate?
determine the amount of revenue Sanderson would report on the 2010 and 2011 income statements.
the current years amount of net income is 20 larger than that of the preceding year. does this indicate an improved
back mountain industries bmi has two divisions east and west. bmi has a cost-of-capital of 16.1. selected financial
platinum trust has the following stockholders equitypaid in capitols-prefered stock 610 par 8000 shares authorized 6000
Which of the following fund types uses the modified accrual basis of accounting?
The common stock has voting rights. The preferred stock does not. a. Is the exchange nontaxable under Sec. 351? Explain the tax consequences of the exchange to Al, Bob, Carl, and West.
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