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Flip had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so total cost of goods sold was $4,400. Selling expenses totaled $1,600 ($600 variable and $1,000 fixed), and administrative expenses totaled $1,500 ($500 variable and $1,000 fixed). Operating income was $2,500. Round all final answers to nearest dollar or whole number. Acct221 Page 2 of 8 Requirements: a. What is the breakeven point in sales dollars and in units if the fixed factory overhead increased by $1,700? b. What is the breakeven point in sales dollars and in units if costs remain as originally projected? c. What would be the operating income be if sales units increased by 25%
There were no dividends declared in 2009. The board of directors declares and pays a $45,000 dividend in 2010 and in 2011. What is the amount of dividends received by the common stockholders in 2011?
suppan company manufactures a variety of tools and industrial equipment. the company operates through three divisions.
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Joe has asked you to help him decide which of these potential contributions will be most advantageous tax-wise. Jay's taxable income is $3.5 million before considering the contribution. Rank the four alternatives and communicate your advice to Joe..
Holmgren's insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2010?
Calculate the amount of operating expenses incurred by ABC Company during May. Do not use decimals in your answer.
in each of the following independent situations involving transfers of tangible property determine which transfer
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crede inc. has two divisions. division a makes and sells student desks. division b manufactures and sells reading
how do you set up a spread sheet to account for a 15 year loan with the first five years being interest only payments
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