During the current year, Stan sells a tract of land for $ 800 comma 000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $ 310 comma 000 FMV. The taxable gift was $ 300 comma 000 because the annual exclusion was $ 10 comma 000 in 1995. Maxine purchased the property on April 12, 1980, for $ 110 comma 000. At the time of the gift, Maxine paid a gift tax of $ 12 comma 000. In order to sell the property, Stan paid a sales commission of $ 16 comma 000.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

How many months does the federal budget usually take to prepare

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)