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Business, 18.12.2019 22:31, martinezkimberly706
O’brien company manufactures and sells one product. the following information pertains to each of the company’s first three years of operations: variable costs per unit: manufacturing: direct materials $26direct labor $17variable manufacturing overhead $5 variable selling and administrative $1fixed costs per year: fixed manufacturing overhead $530,000fixed selling and administrative expenses $170,000during its first year of operations, o’brien produced 93,000 units and sold 70,000 units. during its second year of operations, it produced 77,000 units and sold 95,000 units. in its third year, o’brien produced 80,000 units and sold 75,000 units. the selling price of the company’s product is $79 per unit. required: 1. assume the company uses variable costing and a fifo inventory flow assumption (fifo means first-in first-out. in other words, it assumes that the oldest units in inventory are sold first): a. compute the unit product cost for year 1, year 2, and year 3.b. prepare an income statement for year 1, year 2, and year 3.
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Business, 23.06.2019 02:30, hgghukghj1814
When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?
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Business, 23.06.2019 14:30, jonmorton159
The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?
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O’brien company manufactures and sells one product. the following information pertains to each of th...
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