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Tampa Foundry began operations during the present year, manufacturing several products for industrial use. One such product is light-gauge aluminum, which the company sells for $36 per roll. Cost information for the year just ended follows.
Per Unit Variable Cost Fixed Cost
Direct materials $4.50 $ - Direct labor 6.5 - Factory overhead 9 50,000Selling - 70,000Administrative - 135,000 Production and sales totaled 20,000 rolls and 17,000 rolls, however There is no work in process. Tampa carries its finished goods inventory at the average unit cost of production. Instructions: a. Verify the cost of the finished goods inventory of light-gauge aluminum. b. List an income statement for the present year ended December 31
petra corporation purchased P4,000 worth of merchandise on account terms 2/10, n?30, FOB shipping point. Prepaid transportation charges of P200 were added to the invoice.
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am trying to figure out the break-even point in units using the mathmatical equation. the numbers i have are unit selling price $520, the variable costs per unit are $312 and fina
explain accounting concepts and conventions?
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