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Barley Manufacturing produces Calculators and sels them for $6.50 each. A foreign retailer has offered to purchase 20,000 calculators for $4 per Calculator. The current average manufacturing cost per calculator is $4.50, $2.50 of variable cost and $2.0 of fixed cost. This special order would use manufacturing capacity that would otherwise be idle. No variable non-manufacturing cost would be incurred by the special order. Regular sales would not be affected by the special order.
Should Barley manufacturing accept the order?
What is the impact on income if Steube accepts the order?
A Series EE U.S. government savings bond accrues 3.5% interest each year.- What tax advantage does the Series EE bond offer that is not available with the bank deposit?
question the december 31 2012 condensed balance sheets of pym corp. and its 90 percent-owned subsidiary sy corp. are
Jackson Corporation has common stock with a par value of $1 per share.
Magno Cereal Corporation uses a standard cost system to collect costs related to the production of its "crunchy pickle" cereal. The pickle (materials) standards for each batch of cereal produced are 1.4 pounds of pickles at a standard cost of $3.00 p..
Aztec Company sells its product for $160 per unit. Its actual and projected sales follow. Units Dollars April (actual) 8,000 $1,280,000 May (actual) 1,800 288,000 June (budgeted) 6,500 1,040,000 July (budgeted) 7,000 1,120,000 August (budgeted) 3,600..
BOZ Co. has determined its year-end inventory on a FIFO basis to be $500,000. Information pertaining to that inventory follows: Estimated selling price $508,000 Estimated cost of disposal 20,000 Normal profit margin 60,000 Current replacement cost 45..
On January 1, x1, Brown Corp initiated a non-contributory defined benefit pension plan for all six employees in its word processing department. The plan benefit formula provides that each year of service earns each employee an annual retirement benef..
The cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by Job 542 is $1,200. What was total cost of Job 542 if Bond Industries used the departmental overhead rates to allocate manufacturing overhead?
Describe the equation that provides the structure for the income statement. Explain the three major items reported on the income statement.
Tangelo had $50,000 in accumulated E&P at the beginning of the year, during the year it incurred a $75,000 operating loss, it distributed $65,000 to its sole shareholder, how should the distribution be treated for tax purposes?
Construct Corey’s balance sheet and calculate his net worth. For each remaining part, explain how the event affects Corey’s assets, liabilities and wealth
Before considering the child care payments and reimbursement, her adjusted gross income is $44,000 and her taxable income is $36,000. Assuming that Susan files as a head of household, how should she report the child care payments and any allowable ch..
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