INTERMEDIATE ACTG LOOSELEAF W/ ACCESS
10th Edition
ISBN: 9781264397488
Author: SPICELAND
Publisher: MCG
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Factory Utilities
Indirect Materials Used
$1,300
34,500
Direct Materials Used
301,000
Property Taxes on Factory Building
5,100
Sales Commissions
82,000
Indirect Labor Incurred
25,000
Direct Labor Incurred
150,000
Depreciation on Factory Equipment
6,300
What is the total manufacturing overhead?
Discuss the financial reporting environment and financial statements. What is the purpose of accounting? What impact does the AICPA, FASB, and SEC play in accounting, particularly with regards to the financial statements?
K
Sunlight Design Corporation sells glass vases at a wholesale price of $3.50 per unit. The variable cost to manufacture is $1.75 per unit. The monthly fixed
costs are $7,500. Its current sales are 27,000 units per month. If the company wants to increase its operating income by 30%, how many additional units
must it sell? (Round any intermediate calculations to two decimal places and your final answer up to the nearest whole unit.)
A. 7,500 glass vases
OB. 33,815 glass vases
OC. 6,815 glass vases
D. 94,500 glass vases
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