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nika2105 [10]
3 years ago
6

Speical Order Soni, LTD produces wall mounts for flat panel television sets. The forecasted income statement for 2017 is as foll

ows:
SONI, LTD
Budgeted Income Statement
For the Year 2017
Sales ($44 per unit) $ 4,400,000
Cost of good sold ($ 36 per unit) (3,600,000)
Gross profit 800,000
Selling expenses ($3 per unit) (300,000)
Net income $500,000
Additional Information
(1) Of the production costs and selling expenses, $800,000 and $100,000, respectively, are fixed.
(2) Soni, LTD received a special order from a hospital supply company offering to buy 12,500 wall mounts for $30. If it accepts the order, there will be no additional selling expenses, and there is currently sufficient excess capacity to fill the order. The company's sales manager argues for rejecting the order because "we are not in the business of paying $36 to make a product to sell for $30.
Required:
1. Calculate the current production volume.
2. The variable production cost are $ ___________.
Business
1 answer:
tino4ka555 [31]3 years ago
8 0

Answer:

Explanation:  

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Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in
otez555 [7]

Answer:

                                  Trial Balance

Items                                     Group             Debit ($)    Credit ($)

Cash                                      Asset               37641

Office Supplies                     Asset               890

Prepaid Insurance                Asset               4600  

Office Equipment                 Asset               12900

Accounts Payable                Liability                                12900

Capital                                   Equity                                  18000

Withdrawals                          Equity              3329  

Engineering Fees earned    Revenue                              36000

Rent Expense                        Expense         <u>7540</u>           <u>            </u>

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On January 1, 2009, Coronado Industries purchased for $690000, equipment having a useful life of ten years and an estimated salv
JulijaS [17]

Answer:

There is not gain in this operation so the answer is $0

Explanation:

There are some journal entries that needs to be done to have a full picture of the statement

* Purchase

Fixed Assets                        690.000

Cash                                                        690.000

* Monthly depreciation

Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis

Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400

Then calculate the yearly depreciation

Yearly depreciation = ((amount to be depreciated/useful life) * years used) =

(641.400/10*8) = 513.120

then the journal entry to record the monthly depreciation for 8 years is

Depreciation expense          513.120

Acc Depreciation                                   513.120

* Post the Journal Entry to record the sell of FA

You have to reverse the Acc Depreciation and credit the FA

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Fixed assets                                         690.000

Acc depreciation                   513.120

Loss on sale of FA                   24.380

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A pluggable authentication module (PAM) is a mechanism to combine multiple low-level authentication schemes right into an excessive-stage Application programming interface (API). PAM allows applications that depend on authentication to be written independently of the underlying authentication scheme.

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Learn more about the Application programming interface here brainly.com/question/12987441

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