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Question
A company's property records revealed the following information about its plant assets:| Machine No. | Cost | Salvage Value | Purchase Date | Estimated Life | Depreciation Method |
| 1 | $82,000 | $8,000 | 1/01 | 4 years | Straight-line |
| 2 | 46,000 | 3,600 | 7/01 | 5 years | Double-declining balance |
Calculate the depreciation expense for each machine in Year 1 and Year 2 for the year ended December 31.
Machine 1:
Year 1______________________ Year 2 _______________________
Machine 2:
Year 1 ______________________ Year 2 _______________________
Answer
This answer is hidden. It contains 152 characters.
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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Given the following data, calculate product cost per unit under variable costing.
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Total fixed overhead $85,000
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Q:
Tim's Tools, a manufacturer of cordless drills, began operations this year. During this year, the company produced 20,000 units and sold 18,000 units. At year-end the company reported the following income statement using absorption costing:
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Gross margin $288,000
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Direct labor $2.50 per unit
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Q:
What is the Red and White's contribution margin for this month if 980 units were sold?
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Given the Cool Pools Company data, what is net income using absorption costing?
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Given the Galaxy, Inc. data, what is net income using absorption costing?
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D. $16,800,000
E. $16,220,000