The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.Raw Materials Inventory 7/1/19 $54,600 Factory Insurance $4,700Raw Materials Inventory 6/30/20 44,200 Factory Machinery Depreciation 17,700Finished Goods Inventory 7/1/19 96,800 Factory Utilities 31,600Finished Goods Inventory 6/30/20 26,300 Office Utilities Expense 8,550Work in Process Inventory 7/1/19 24,600 Sales Revenue 562,900Work in Process Inventory 6/30/20 29,600 Sales Discounts 4,600Direct Labor 147,050 Plant Manager’s Salary 65,400Indirect Labor 25,660 Factory Property Taxes 9,610Accounts Receivable 35,300 Factory Repairs 2,500Raw Materials Purchases 98,100Cash 36,300Prepare an income statement through gross profit.
Answers: 3
Business, 22.06.2019 10:50
You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.
Answers: 3
Business, 22.06.2019 11:30
Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task
Answers: 1
Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
Business, 22.06.2019 20:20
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30...
Social Studies, 17.09.2021 14:00
Mathematics, 17.09.2021 14:00
Social Studies, 17.09.2021 14:00
Mathematics, 17.09.2021 14:00
English, 17.09.2021 14:00
Health, 17.09.2021 14:00
Mathematics, 17.09.2021 14:00
English, 17.09.2021 14:00
Geography, 17.09.2021 14:00
Physics, 17.09.2021 14:00
World Languages, 17.09.2021 14:00
History, 17.09.2021 14:00
Mathematics, 17.09.2021 14:00