Business, 17.11.2020 03:30 xTrippyBeach4201x
Wood Chuck Furniture currently manufactures rocking chairs as its main product.
Each chair uses one seat cushion and one back cushion with the following costs
per set of cushions (one seat and one back):
Direct materials $ 1
Direct labor 10
Variable overhead 5
Fixed overhead 8
Total $24
Shepert Company has contacted Wood Chuck with an offer to sell it 5,000 sets
of cushions for $18 each. If Wood Chuck buys the cushions, $2 of the fixed
overhead per unit will be allocated to other products.
REQUIRED
Should Wood Chuck make or buy the cushions? Show relevant calculations.
Answers: 1
Business, 22.06.2019 05:30
The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.
Answers: 1
Business, 22.06.2019 09:00
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Answers: 1
Business, 22.06.2019 10:10
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Business, 22.06.2019 11:00
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Wood Chuck Furniture currently manufactures rocking chairs as its main product.
Each chair uses one...
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