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A company produces base balls, it incurred the following cost during the year direct materials 14,000 direct labor 2500 fix manufacturing over head 9000 variable manufacturing overhead 32000 selling cost 20000 what are the total product costs for the company under variable costing?
Jade Corporation merged into Fluorite Corporation 2 years ago. At the time of the merger, Jade had an E & P deficit of $350,000 and Fluorite had a positive E & P of $300,000. The prior 2 years have resulted in a positive E & P of $100,000.
Briefly - in 350 words or more - describe the effect of cost structure on profitability, including recommendations for each company given the current economic environment, as you understand it.
When assessing risk factors due to errors and fraud, what are some types of examples of these? Have you seen this occur in the workplace past/present/familiar with a situation? - Answer 150-200 words.
The SEC currently requires foreign companies that list shares on U.S. exchanges to provide:
The bonds were dated May 1, 2007, and mature on April 30, 2012, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Bettis make to record the purchase of the bonds on August 1, 2007?
GAAP versus IFRS
From the auditors point of view which of the following is a preferable provision for imposition of civil liability for financial damages?
On January 1, 2012, the truck was overhauled at a cost of $20,000, which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation fo..
Compare the so called test for detemining US residence in section 7701 (b) and the myraid of exceptions and special rules used in applying such tests with the facts and circumstances approached used under prior law..
Salen Company finances some of its current operations by assigning accounts receivable to a finance company. Make all the journal entries on the books of Salen Company that are involved in the transactions above.
Using Ocean's financial information, calculate relevant preliminary analytical procedures (e.g., ratio tests, and other financial statistics) to obtain a better understanding of the prospective client and to determine how Ocean is doing financiall..
Before the current year, the company accounted for its income from long-term construction contracts on the completed-contract basis. Early this year, the company changed to the percentage-of-completion basis for accounting purposes but continues t..
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