Butterco has the following cost components for 100,000 units…

Butterco has the following cost components for 100,000 units of product for the month:  Raw materials                                             $200,000 Direct labor                                                   100,000 Manufacturing overhead                              200,000 Selling / administrative expense                  150,000  All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expenses. The total costs to produce and sell 110,000 units during the month are

In Jude Company, land decreased $150,000 because of a cash s…

In Jude Company, land decreased $150,000 because of a cash sale for $150,000, the equipment account increased $60,000 as a result of a cash purchase, and Bonds Payable increased $120,000 from issuance for cash at face value. The net cash provided by investing activities is:

REB Service Co. is a computer service center. For the month…

REB Service Co. is a computer service center. For the month of May, REB had the following operating statistics: Sales                                            $450,000Operating income                            25,000 Net profit after taxes                          8,000 Total assets                                   500,000 Shareholders’ equity                     200,000 Cost of capital                                  6%  Based on the above information, which one of the following statements is correct? REB has a

This department has budgeted monthly manufacturing overhead…

This department has budgeted monthly manufacturing overhead cost of $540,000 plus $3 per direct labor hour. If a flexible budget report reflects $1,044,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved during the month was

Adams Company reported a net loss of $6,000 for the year end…

Adams Company reported a net loss of $6,000 for the year ended December 31, 2017. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2017, operating activities:

Kanet Company issued common stock for proceeds of $386,000 d…

Kanet Company issued common stock for proceeds of $386,000 during 2017. The company paid dividends of $80,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $15,000. The financing section of the statement of cash flows will report net cash inflows of: