Entries by mary WAMBUGU

Maggiolo Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $28.50

August 23, 2019 in /by

2) Maggiolo Company sells several products. Information of average revenue and costs is as follows:            Selling price per unit              $28.50            Variable costs per unit:                  Direct material                    $5.25                  Direct manufacturing labor $1.15                  Manufacturing overhead     $0.25                  Selling costs                        $1.85            Annual fixed costs              $210,000 The number of units that Maggiolo must sell each year to break even is:   Looking for a Similar Assignment? […]

 

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) The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows: Direct materials $50

August 23, 2019 in /by

3) The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows:            Direct materials                                  $50            Direct manufacturing labor                    8            Variable manufacturing overhead        12            Fixed manufacturing overhead            30            Sales commissions (2% of sales)                         Sales                                                 $250            Administrative salaries                           9 What are the inventoriable costs per unit associated with Product ORD203?   Looking for a Similar Assignment? Order now and […]

 

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On December 31, Year 4, special insurance costs, incurred but unpaid, were not recorded. If these insurance costs were related to work-in-process at year end,

August 23, 2019 in /by

On December 31, Year 4, special insurance costs, incurred but unpaid, were not recorded. If these insurance costs were related to work-in-process at year end, what is the effect of the omission on accrued liabilities and retained earnings in the December 31, Year 4, balance sheet? Accrued Liabilities Retained Earnings Understated Overstated No effect Overstated […]

 

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Lind Co.’s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending.

August 23, 2019 in /by

Lind Co.’s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending. Lind’s employees do not work on Saturdays and Sundays. The last payroll was paid on June 18. On Wednesday, June 30, the month-end balance in the salaries expense account before accruals was $14,000. What amount should Lind report […]

 

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