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    Three Part Classification Manufacturing Costs

    Springfield Manufacturing produces electronic storage devices, and uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labor, and indirect manufacturing costs. Total indirect manufacturing costs for January were $300 million, and were allocated to each product on the b

    Internal Control System Objectives

    Dale Company experienced the following events during 2004. 1. Acquired $30,000 cash from the issue of common stock. 2. Paid $12,000 cash to purchase land. 3. Borrowed $8,000 cash. 4. Provided services for $20,000 cash. 5. Paid $1,000 cash for rent expense. 6. Paid $12,000 cash for other operating expenses. 7. Paid a $2,00

    Penalty in Casinos

    Suppose that in Las Vegas, casinos could monitor the actions of dealers costlessly and spot every instance in which the dealer makes a mistake in which a player is overpaid. The casino is considering disciplining its dealers by charging them the equivalent of the money lost by the casino for any mistakes that they (the dealer) m

    Production Function and Price of Labor

    Suppose that the Johnson Company has the following production function: Q = L × C The price of labor (L) is $20 per unit and the price of capital (C) is $50/unit. How much labor and capital should Johnson employ to produce 200,000 units? What is the total cost of production?

    Firms, basic functions

    What are the three basic functions of a firm? Do all firms/organizations (Private, Government, Not-for-profit) perform these three functions?

    Critical Path Method (CPM)

    I'm looking for the attached problem to be solved inthe simplest manner without excel. Basic calculations. Confirm answer. Question 1. Critical Path 36 Weeks Question 3 I'm having the most difficulty with. Please be specific and use simple calculations. Thanks, Brian

    How do variable costs and fixed costs differ? Give an example of each.

    Please see attached file. a. Chapter 15: Discussion Questions 9-11, 17, and 19. b. Chapter 15: Practice Exercise 15-8 Fixed Costs and Variable Costs c. Chapter 15: Practice Exercise 15-13 Direct and Indirect Costs d. Chapter 15: Practice Exercise 15-15 Out-of-Pocket Costs and Opportunity Costs e.

    Gearing/EPS

    Good Day, Could you please assist with the attached question. Regards Paradise Limited wishes to raise R10 million in external finances by issuing either ordinary shares or 14 % preference shares or a 12 % unsecured loan. These funds are expected to generate additional operating profits of R3.28 million. The ordinar

    Video Concepts, Inc

    Video Concepts, Inc. (VCI) markets video equipment and film through a variety of retail outlets. Presently, VCI is faced with a decision as to whether it should obtain the distribution rights to an unreleased film titled Touch of Orange. If this film is distributed by VCI directly to large retailers, VCI's investment in the proj

    Questions about Breakeven Calculations

    Executives of Studio Recordings, Inc, produced the latest compact disc by the Starshine Sisters Band, titled Sunshine/Moonshine. The following cost information pertains to the new CD: CD package and disc (direct material and labor) $1.25/CD Songwriters' royalties $0.35/CD Recording artists' roya

    C Corporation Conversion

    Mishra converted from a C corporation to an S corporation on January 1, when its accumulated E&P was $161,000. This year, Mishra generated an $11,000 operating loss and distributed $25,000 cash to its shareholders. a. How much of the distribution was a dividend? b. Compute Mishra's accumulated E&P and AAA on January 1 of the

    Selling Price - Gargantuan Industries

    Gargantuan Industries is a multiproduct company with several manufacturing plants. The Boise Plant manufactures and distributes two household cleaning and polishing compounds, standard and commercial, under the Super Clean label. The forecasted operating results for the first six months of the current year, when 100,000 cases

    Residual Income and Return on investment (ROI)

    For the period just ended, Price Corporation's Ohio Division reported profit of $49 million and invested capital of $350 million. Assuming an imputed interest rate of 16%, which of the following choices correctly denotes Ohio's return on investment (ROI) and residual income? ROI Residual Income A. 14% $7 million B. 14% $

    The Dean Company

    (Note) Posting must be answered within 3 hours, if partially answered then that is also acceptable. Thank you 1. The Dean Company produces and sells a single product. The following data refer to the year just completed: Selling Price $ 350 Units in beginning Inventory 0 Units Produced 20000 Units sold

    Book Value of Common Stock

    This posting contains a formatted MS Excel spreadsheet containing examples on determination of the book value of a stock issuance. See the attached file.

    Cash flow - operating activities

    Fisher Corporation had net income for 2008 of $3,000,000. Additional information is as follows: Depreciation of plant assets $1,200,000 Amortization of intangibles 240,000 Increase in accounts receivable 420,000 Increase in accounts payable 540,000 Fisher's net cash provided by operating activities for 2008 was A)

    Doonan Company Machinery Accounts

    An analysis of the machinery accounts of Doonan Company for 2008 is as follows: The information concerning Doonan's machinery accounts should be shown in Doonan's statement of cash flows (indirect method) for the year ended December 31, 2008, as a(n) A) subtraction from net income of $100,000 and a $200,000 decrease in ca

    Lori's Final Exam Care Packages

    Lori produces 'Final Exam Care Packages' for resale by the sorority. She is currently working a total of 5 hours per day to produce 100 care packages. a) What is Lori's productivity? b) Lori thinks that by redesigning the package she can increase her total productivity to 133 care packages per day. What will be her new pro

    Tax advantages and disadvantages of business types

    We have elected the S corporation form of business. Now we are not sure this was the best business structure for us from a taxing perspective, and we would like a written comparison discussing the tax advantages and disadvantages of the C corporation, S corporation, and partnership forms of business. Also we would like a recomm

    Predetermined Overhead Rates - Full Cost and Selling Price

    Compute a departments predetermined over head rate using traditional costing and use it to determine the full cost and selling price for a regular meal and a special meal Raw materials $875,000 Direct Labor $1,145,000 Overhead $1,533,000 Dept expected to make 300,000 regular meals and 50,000 special meals

    Depreciation change in accounting method

    On January 1, 2005, Baden Co., purchased a machine (its only depreciable asset) for $300,000. The machine has a five-year life, and no salvage value. Sum-of-the-years'-digits depreciation has been used for financial statement reporting and the elective straight-line method for income tax reporting. Effective January 1, 2008, for

    Identify Accounting Assumptions, Principles, and Constraints

    Identify by number the accounting assumption, principle, or constraint that describes each situation below. Do not use a number more than once. 1. Economic entity assumption 2. Matching principle 3. Monetary Unit assumption 4. Time period assumption 5. Cost principle 6. Materiality 7. Full disclosure principle 8. Going c

    Deferred Tax liability - Reaker Company

    A reconciliation of Reaker Company's pretax accounting income with its taxable income for 2008, its first year of operations, is as follows: Pretax accounting income $3,000,000 Excess tax depreciation (90,000) Taxable income $2,910,000 The excess tax depreciation will result in equal net taxable amounts in each of t

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