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Kramer Enterprises reports year-end information from 2015 as follows: Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $60,000 Kramer is developing the 2016 budget. In 2016 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 9%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2016?
Calculate the companys predetermined overhead rate for the year and complete the job cost sheet for the two jobs worked on in June:
Canandaigua Container Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. These following standards have been set by the production-engineering staff and the controller.
Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was $50,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases ..
Prepare a narrative report explaining how your sales budget was determined. Use the table above in your analysis and prepare a sales budget in good form.
What do you think was the motivation for Cubbies Cable in taking the position to expense all cable costs during the nine months ended September 20, 2010? Would you characterize the position asan attempt to manage earnings?
part 1yummy-pop ltd makes lollipops in two sizes large and giant. the company sells these lollipops to convenience
1.Refer to Polaris statement of cash flows in Appendix A.
Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs - What factors might have caused the difference in the equations developed for requirements
why does management accounting provide information to the internal users only?
question 1 decision analysis show all calculations to support your answers. round all probability calculations to 2
Prepare the correct trial balance, assuming all accounts have normal balances and trial balance of Lagerstrom Company
How much of Cook's net income did Mehan report for the year 2012?
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