Monthly Archives: November 2013

Leasing Environment Leasing has significant roll to play in stimulating economics development (A+)

Leasing Environment Leasing has significant roll to play in stimulating economics development, increasing production and jobs creation in the country. It is proven tool for financing rapid economic development In spite of a lot of impediments vis-à-vis current text and … Continue reading

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Bitterman, Inc., manufactures golf clubs in three models (A+)

Bitterman, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $5,000 from sales $200,000, variable costs $175,000, and fixed costs $30,000. If the Big Bart line is eliminated, $15,000 of … Continue reading

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Each day, Dunham Corporation processes 1 ton of a secret raw material into (A+)

Each day, Dunham Corporation processes 1 ton of a secret raw material into two resulting products, AB1 and XY1. When it processes 1 ton of the raw material the company incurs joint processing costs of $60,000. It allocates $25,000 of … Continue reading

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The San Marcos Inn is trying to determine its break-even point (A+)

The San Marcos Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $50 a night. Operating costs are as follows. Salaries $8,500 per month Utilities 2,000 per month Depreciation 1,000 per month … Continue reading

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Monthly production costs in Ogden Company for two levels of production are (A+)

Monthly production costs in Ogden Company for two levels of production are as follows. Cost 2,000 units 4,000 units Indirect labor $10,000 $20,000 Supervisory salaries 5,000 5,000 Maintenance 2,500 4,000 Indicate which costs are variable, fixed, and mixed, and give … Continue reading

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Ferris Company is considering investing in new equipments that would cost $80,000 (A+)

Ferris Company is considering investing in new equipments that would cost $80,000 and have a 5-year useful life and zero salvage value. Expected changes in annual revenues and expenses if the new machine is purchased are as follows: Details Amount … Continue reading

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TSE, Inc. is a private, for-profit college that provides educational programs throughout the metropolitan area (A+)

TSE, Inc. is a private, for-profit college that provides educational programs throughout the metropolitan area. Each semester, TSE offers 24 sections of its various business courses. During the most recent semester (term), TSE prepared a master budget based on the … Continue reading

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Tandem Company produces and sells two models of a product (A+)

Tandem Company produces and sells two models of a product: economy and deluxe. The economy model is a standard product that is produced in large batches and kept in stock to be sold to a few large discount chains. The … Continue reading

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Anderson Company Manufctures two Products, Standard and Unique (A+)

Anderson Company Manufctures two Products, Standard and Unique, For Which the Following Budgeted Information is available. Details Standard Unique Unit Produced 15000 5000 Target Selling Price 125 195 Manufacturing Cost Per Unit Direct Material 40 75 Direct Labor 30 60 … Continue reading

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Stuart Manufacturing produces metal picture frames (A+)

Stuart Manufacturing produces metal picture frames. The company\’s external income statements for the last two years are given below: Details Last Year This Year Next Year Units Sold 50000 70000 Sales Revenue 800000 1120000 Cost of Goods Sold 500000 640000 … Continue reading

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