North Shore Clothing Company provided the following manufacturing costs for the month of June
Direct labor cost $138,000
Direct materials cost 85,000
Equipment depreciation (straight-line) 24,000
Factory insurance 19,000
Factory manager's salary 11,000
Janitor's salary 3,000
Packaging costs 19,200
Property taxes 14,000
From the above information, calculate North Shore's total variable costs.
A) $313,200
B) $71,000
C) $242,200
D) $223,000
C .C)
Direct materials cost $85,000
Direct labor cost 138,000
Packaging costs 19,200
Total variable costs $242,200
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For each analytical procedure listed below, identify a potential misstatement in the property management accounts it could help find.a. Compute the ratio of depreciation expense to the related property, plant, and equipment accounts and compare to prior years' ratios.b. Compare monthly or annual repairs and maintenance with previous years.c. Compute ratio of insurance expense to the related property, plant, and equipment accounts and compare to prior years' ratios.
What will be an ideal response?
Section 14(a) of the Securities Exchange Act prohibits omissions of material facts in proxy materials
Indicate whether the statement is true or false
Today is your 21st birthday and your bank account balance is $25,000. Your account is earning
6.5% interest compounded daily. How much will be in the account on your 50th birthday? A) $164,631 B) $163,823 C) $162,183 D) $159,795
Collateral refers to:
a. a company's ability to extend credit to a customer b. the debtor's ability to pay c. the debtor's financial condition d. the debtor's reputation e. none of the other choices are correct