Entries by mary WAMBUGU

during FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $5.00 per unit, fixed costs of $90,000, and net income of $20,000.

August 22, 2019 in /by

6.) during FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $5.00 per unit, fixed costs of $90,000, and net income of $20,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number) Your Answer: 7.) Towson Company manufactures book cases, and each […]

 

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Towson Company manufactures book cases, and each requires 22 board feet of lumber. Towson expects that 1,900 and 1,550 book cases will be built in June and July, respectively.

August 22, 2019 in /by

1) Towson Company manufactures book cases, and each requires 22 board feet of lumber. Towson expects that 1,900 and 1,550 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 35% of the next month’s production needs. Use this information to determine number board feet of lumber that Towson Company […]

 

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Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (Assembly Department & Packaging Department.)

August 22, 2019 in /by

22) Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (Assembly Department & Packaging Department.) Frederick uses a step allocation method where Cafeteria Services is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Cafeteria Services has costs of $265,000 and Maintenance has costs […]

 

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The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal):

August 22, 2019 in /by

Question 7) The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable $38,000 $50,000 Inventory 42,000 38,000 Net Sales (all credit) 410,000 350,000 Cost of Goods Sold 154,000 152,000 Net Income 27,200 24,800 Use this information to determine the accounts receivable average collection period for FY […]

 

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