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Warner co has budgeting fixed overhead of $150,000. Practical capacity is 6000 units and budgeted production is 5000 units. During February 4,800 units were produced and 155,600 was spent on fixed overhead. What is the unexpected (unplanned) capacity variance?
There is no doubt that Swift is guilty and the settlement is reasonably estimable at $10 billion payable evenly over 10 years starting next year. E xplain b riefly how Swift would address this in its current year financial statements.
The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?
Analyse the limitations of using a periodic inventory system and provide examples to support your view.
Prepare any adjusting and closing entries you think are needed at year end.4. What would the normal balance be of a liability account a post closing trial balance? A revenue account? Drawing?
during 2012 the following events took place for a small distribution company. you are required to prepare the
Evaluate the necessary requirements on the basis - Find Cranberry Corporation's addition to retained earnings with a 10% increase in sales? Assume the dividend payout ratio and profit margin remains fixed.
your ceo read a recent report on the importance of the sox act but he acknowledged that he does not know much about it.
On January 1, 2014, Alison, Inc., paid $69,500 for a 40 percent interest in Holister Corporation’s common stock. This investee had assets with a book value of $219,500 and liabilities of $95,500. A patent held by Holister having a $12,000 book value ..
The coupons expire in one year. The store normally recognizes a gross profit margin of 40% of the selling price on video games. How would the store account for a purchase using the discount coupon?
review the financial statements of merck and novartis to learn additional information. the emphasis of this case is to
What the underlying fundamental concept is that governs what expenses should be capitalized and what should be expensed.
calculation of depreciation for plant assets.1.nbspnbsppine company purchased a depreciable asset for 360000. the
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