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Homework Answers
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Total expected cost for the month = Variable + Fixed = (20*20,000) + (1,200,000/12) = 400,000 + 100,000 = 500,000 |
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Fein Corp. manufactures food processors, each containing $20 of...
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G Corp. began 2010 with $2,000,000 in its equipment account. During 2010, G sold equipment with a historical cost of $300,000 at a $20,000 gain. At the end of 2010, G Corp. had a $3,300,000 balance in the equipment account. G bought new equipment during the year by signing a $200,000 note payable; the note and interest are due in 2011. In 2010, how much cash did G Corp. pay for equipment purchases?...
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At the beginning of April, Ying Yang Inc bought $365,000 of raw materials. During company incurred $125,000 in direct labor costs and $200,000 in overhead costs. Im following April balances related to its inventory accounts: Beginning Ending Raw Material $500,000 $100,000 Work in Process 350.000 757,000 Finished Goods 600,000 420,000 What is Ying Yang's cost of goods manufactured for April? a. $ 318,000 b. $ 333,000 c. $ 683,000 d. $1,132,000 e. $1,090,000
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lot!!
riable cost per unit is od are $750,000. Ellis' variable costs increase by 20% and fixed cost The selling price of one unit of a product made by Ellis Corp. $1.50. Fixed costs per period are $150,000. Ellis variable decrease by 5%. These changes will cause the company BEP TO a. increase by 5,000 units. b. decrease by 5,000 units. c. increase by 2,778 units. d. decrease by 2,778 units. e. increase by...
Could you solve clearly? Thanks a lot!! 12. Butler Corp.'s Retained Earnings balance at the end...
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12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively. During 2010, Butler's net income was $295,000. Both cash and stock dividends were declared and settled during 2010. The total stock dividend was $28,000. During 2010, how much cash did Butler use for dividends? a. $28,000 4350oo-573000 - - 136ooot: b. $129.000 S757.000 157ooo
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Could you solve clearly? Thanks a lot!! Natasha Co.'s Work in Process Inventory balance at the...
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Natasha Co.'s Work in Process Inventory balance at the end of 2009 and 2010 was $200,000 and $150,000, respectively. During 2010, Natasha transferred $1,980,000 of completed products to finished goods. If $500,000 of direct labor and $300,000 overhead were added to Work in Progress Inventory during 2010, how many dollars of direct material was used in work in process? a $850,000 b. $1,130,000 c. $1,180,000 d. $1,230,000 e. Cannot be determined from the...
Could you solve clearly? Thanks a lot!! 22. To minimize taxes in an inflationary environment, companies...
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22. To minimize taxes in an inflationary environment, companies would use the a. retail inventory method. b. FIFO inventory method. C. LIFO inventory method. d. moving average inventory method. e. IFRS inventory method.
Could you solve clearly? Thanks a lot!! 17. 18. 19. 20. 21. 22. DTE SHOW YOUR...
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17. 18. 19. 20. 21. 22. DTE SHOW YOUR WORK NEXT TO ALL MULTIPLE CHOICE QUESTIONS. IF NO WORK IS SHOWN NO POINTS ILL BE GIVEN FOR THE PROBLEM. Baca Inc.'s current product selling price is $70, variable cost per unit is $35, total fixed costs are 57.730.000, and sales volume is 150,000 units. The company is considering accepting an order to sell an additional 5,000 units for $40 per unit. Variable Selling...
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er 31, 2010, balance 16. The following asset and liability accounts are shown on Mason Store's December 31, 2010 sheet: $ 80,000 Accounts Receivable 30,000 Current Portion of Long-Term Debt Cash 35,000 6,000 Accounts Payable Allowance for Uncollectible Accounts 3,000 Equipment 28,000 Accumulated Depreciation - Equipment 6,000 Intangible Assets 20,000 Unearned Rent 10,000 Inventory 19,000 Bonds Payable (Long-Term) 20,000 و نه What is Mason's quick ratio at December 31, 2010? 1.70 2.00 2.43...
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Bullwinkle's Direct Material Inventory balance at the end of 2009 and 2010 was $200,000 and $350,000, respectively. During 2010, Bullwinkle transferred $700,00 winkle transferred $700,000 of direct materials to Work in Process Inventory. How many dollars of direct materials did Bullwinkle buy during 2010?! a. $150,000 b. $350,000 c. $550,000 d. $700,000 e. $850,000
Could you solve clearly? Thanks a lot!!
G Corp. began 2010 with $2,000,000 in its equipment account. During 2010, G sold equipment with a historical cost of $300,000 at a $20,000 gain. At the end of 2010, G Corp. had a $3,300,000 balance in the equipment account. G bought new equipment during the year by signing a $200,000 note payable; the note and interest are due in 2011. In 2010, how much cash did G Corp. pay for equipment purchases?...
Could you solve clearly? Thanks a lot!!
At the beginning of April, Ying Yang Inc bought $365,000 of raw materials. During company incurred $125,000 in direct labor costs and $200,000 in overhead costs. Im following April balances related to its inventory accounts: Beginning Ending Raw Material $500,000 $100,000 Work in Process 350.000 757,000 Finished Goods 600,000 420,000 What is Ying Yang's cost of goods manufactured for April? a. $ 318,000 b. $ 333,000 c. $ 683,000 d. $1,132,000 e. $1,090,000
Could you solve clearly? Thanks a
lot!!
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Could you solve clearly?
Thanks a lot!!
12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively. During 2010, Butler's net income was $295,000. Both cash and stock dividends were declared and settled during 2010. The total stock dividend was $28,000. During 2010, how much cash did Butler use for dividends? a. $28,000 4350oo-573000 - - 136ooot: b. $129.000 S757.000 157ooo
Could you solve clearly? Thanks a lot!!
2. In 2010, Printext estimates that for every two printers sold, the company will sell six ink cartridges. The products have a 2:6 ratio. Fixed production costs are $150,000 and fixed selling costs are $50,000. Printext's selling prices and variable expenses information are as follows: Printers Ink Cartridges Per Unit Per Unit Selling price $80 $20 Variable expenses 27 11 How many printers must be sold to break even? a. 1,250 b. 1,875...
Could you solve clearly?
Thanks a lot!!
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Could you solve clearly? Thanks a lot!!
22. To minimize taxes in an inflationary environment, companies would use the a. retail inventory method. b. FIFO inventory method. C. LIFO inventory method. d. moving average inventory method. e. IFRS inventory method.
Could you solve clearly? Thanks a lot!!
17. 18. 19. 20. 21. 22. DTE SHOW YOUR WORK NEXT TO ALL MULTIPLE CHOICE QUESTIONS. IF NO WORK IS SHOWN NO POINTS ILL BE GIVEN FOR THE PROBLEM. Baca Inc.'s current product selling price is $70, variable cost per unit is $35, total fixed costs are 57.730.000, and sales volume is 150,000 units. The company is considering accepting an order to sell an additional 5,000 units for $40 per unit. Variable Selling...
Could you solve clearly?
Thanks a lot!!
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Could you solve clearly?
Thanks a lot!!
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