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In an irrigation district in the west, an irrigator can purchase an extra share (allotment) which entitles the holder to a 0.7 acre-foot of water per year in perpetuity. If the share costs $1600, what is the cost of one acre-foot of water to the irrigator? Assume an interest rate of 8%
There will be $8,000,000 in fixed costs associated with the mouse. If the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse?
Compute variances for material, labor, and overhead. Prepare a summary of the variances. Does the unfavorable overhead volume variance suggest that overhead cost are out of control?
Compute Walmart inventory turnover and the average days to sell inventory for the fiscal year 2007. Compute value of the 2010 and 2011 inventories using the dollar value LIFO method.
Briefly describe Metaphors credit card policy
1,500 Memberships were sold to the public in the amount of $40 each. Membership provides the individual with a monthly magazine and other benefits. The estimated fair value of member benefits is $25. The member year runs from July 1 to June 30.
Evaluate the amount of prepaid insurance that should be reported on the 31 st of August balance sheet with respect to this policy.
When payrolls and other liabilities are incurred and must be paid before substantial amounts of cash will be collected, what type of short-term note is desirable and secured by a government's power to tax?
the company sold 200 more flash drives than planned. What is the expected effect on profit of selling the additional drives? Compute the contribution margin ratio associated with one flash drive.
The ending inventory was 80% completed for materials and 70% completed for conversion costs. Calculate equivalent units for conversion costs for the month in the first processing department.
How does management decide whether to use a job order cost system or a process cost system in any given manufacturing situation? Explain briefly
The net carrying amount of these group assets accounts would be decreased and Calculation of carrying value of the asset
Ignoring income taxes, determine the net present value for both assets. Which asset would you advise buying? Why?
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