Admirable Inc. makes three products in a single facility. Data concerning these products follow: Product A B C Selling price per unit $72.70 $77.10 $76.10 Direct materials $33.10 $40.60 $46.40 Direct labor $22.00 $13.10 $7.20 Variable manufacturing overhead $4.60 $4.40 $3.30 Variable selling cost per unit $1.60 $3.20 $2.00 Mixing minutes per unit 2.8 1.9 2.6 Monthly demand in units 3,000 1,300 2,200 The mixing machines are potentially the constraint in the production facility. A total of 14,800 minutes are available per month on these machines. Direct labor is a variable cost in this company. How much of each product should be produced to maximize net operating income
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Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
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When you hire an independent contractor you don't have to pay the contractors what
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Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.
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Admirable Inc. makes three products in a single facility. Data concerning these products follow: Pro...
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