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Kisachek [45]
4 years ago
14

Novak Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end

of May. Price $127,500 Credit terms 2/10, n/30 Freight-in $ 1,200 Preparation and installation costs $ 5,700 Labor costs during regular production operations $15,750 It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Novak intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $2,250. The invoice for Machine #201 was paid May 5, 2020. Novak uses the calendar year as the basis for the preparation of financial statements.
Business
1 answer:
blondinia [14]4 years ago
5 0

Answer:

i am stuck as well

Explanation:

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Levart [38]

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d. soft rationing

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7 0
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3 0
3 years ago
Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's ant
Leto [7]

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Total cost per unit is $77

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= $478,800 ÷ 34,200 = $14 per unit

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