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Question 1: Star of the Sea School has annual fixed costs of $150,000 and variable costs of $550 per student. Star of the Sea expects 345 students for the upcoming year. If the school wishes to earn a profit of $10,000, what should tuition per student be (round answer to nearest $)?
Question 2: The total master-budget variance for Stallon Corporation for the month of June was $7,000 unfavorable; the total flexible budget variance was $3,000 unfavorable.
Actual results for the month showed $3,000 of net operating income.
a. What was the amount of operating income the flexible budget would have shown for the actual activity level for June?
b. What was the amount of operating income in the master budget for the month of June?
Calculate the cost per patient day using a functional-based approach. Calculate the cost per patient day using an activity-based approach.
gwinnett paper company manufactures three products computer paper newsprint and specialty paper in a continuous
Camp Manufacturing turns over its inventory 8 times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firm's annual sales are 3.5 million dollars. Assume there is no difference in the investm..
evaluate the predetermined overhead rate logan products computes its predetermined overhead rate annually on the basis
Can you distinguish between bad stocks and bad companies? Does the fact that the industry is declining mean that the stock is a bad buy?
Compute the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year and Compute the break-even point
The following data relates to Logan Electric and its Light Bulb Division.
Identify a fixed cost, a variable cost, and a mixed cost that company would incur and explain how you determined that those costs would fit the behavior pattern
Hobbes paid $30,000 in gift taxes on each of these gifts. What are the son's and daughter's bases in the stock received?
Calculate the cash flow budget for Empire Enterprises for the 2016 year, on a quarterly basis. All revenue and expense items have been provided. Complete all necessary calculations for the cash budget
Why is it important that information be reliable, accurate and current? How can these things be checked?
Van de Stede - budgetary slack and management short-term orientation and balanced score card, Just-in-time (JIT) inventory management, Total quality management (TQM)
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