Advertising pages sold:
Budgeting advertising pages:
Budget advertising revenue:
Give the variances for:
1. Number of pages as dollar and percentage
2. Total advertising revenue as dollar and percentage
A. Compute WIP inventory at June 30
B. Compute finished goods inventory at June 30
C. Compute cost of goo
Legrow Garden Supplies
Direct Materials (all materials purchased were used):
Standard Cost: $1 per handle and $3.50 per metal tool.
Total actual cost: $11,350.
Materials flexible-budget efficiency variance was $650 unfavorable.
Direct Manufacturing Labor:
The Cybertronics Corporation reported the following information for its Cyclotron Division:
Operating costs 1,200,000
Operating assets 1,000,000
Income is defined as operating income.
1. What is the Cyclotron Division's inves
Jan. 14: Purchased 600 shares oi Technomite stock, paying $44 per share. The investment represents 35% ownership in Technomite's voting stock. Money Man
intends to hold the investment for the indenite future.
Date Accounts Debit Credit
Jan. 14 L
Units in process at the beginning of August
Units started in August
Units completed and transferred
Units in process at end of August
1. Units in process at the beginning of August are 20% complete; units in
process at the end of August are 10%
The statement of cash flows categorizes like transactions for optimal reporting.
Identify each item as a(n):
to net income (O+) or subtraction from net income (O-)
To: Jerry Jeff Keen, CFO Boots Unlimited
From: Brett Hofbauer, Accountants For You
Subject: Ireland Subsidiary Tax Implications
United States Tax Law states that there are a number of legal proceedings that any U.S.
based entity that has ele
Tax Accountants for You, CPAs
1252 Mission Street
Cinnaminson, NJ 08077
March 10, 2017
Mr. Lloyd Morgan
Chief Financial Officer
Wonderful Wilderness, Inc.
100 Wilderness Way
Pocatello, ID 83209
Dear Mr. Morgan:
I have researched your concerns regarding wh
The Berkel Corporation manufactures Widgets from a joint product
Unit selling price at
Joint costs up to the splitoff point are $187,500.
If joint costs
Brix, Inc., prepares frozen food for fast-food restaurants. It has two workstations, cooking and
assembly. The cooking station is limited by the cooking time of the food. Assembly is limited by
the speed of the workers. Assembly normally waits on food fro
Colil Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added
at the inception of the production process. During January, the accounting department noted that
there was no beginning inventory. Direct materials
March 10, 2017
100 Wilderness Way
Pocatello, ID 83209
Wonderful Wilderness is recognized as tax exempt organization, it still may be liable for tax on
business unrelated income. Unrelated business income is income from a
Following are answers which required to submit, as a week 10 assignment. I live in Delaware,
following answers are based on Delaware state.
a). Delaware is a member of multistate
tax commission. Delaware is in
Associate and Project membe
February 18, 2017
This letter is to inform all partner about the implications of the future issues. Kyle and Marias
capital contributions to the newly formed LLC are below. Kyle contributed real estate $2 million
worth of land which is full
Date: February 3, 2017
The purpose of this letter is to discuss the income tax effects of the distributions to the
corporation and its shareholders. There are numbers of factors that affect the tax treatment of
Lime Corporations distrib
March 26, 2017
From: Muhammad Ayyaz
Subject: Foreign income
This memorandum is about the Jerrys company regarding the tax consequences. Jerry Jeff Keen
is a company registered in the USA. The USA tax consequences are simple and straightforward.
February 10, 2017
Ms. Shelly Zumaya
220 East Hennepin Ave,
Minneapolis, MN 55413
Dear Ms. Zumaya,
This letter is in response regarding the proper tax treatment of Kiwi Corporations transfer of
inventory. Kiwis corporation has been purchase and resale of u
First, the biggest issue they have to the tax year end. There are three partners their tax
year end date is different. All partners interest has different percentage as well. Every partner has
different interest to end the tax ye
Week 2 Essay Assignment
In this case Samantha Johnson operates business as a sole proprietorship. The owner of
the sole proprietorship must report all their business income and expenses of the sole
proprietorship on schedule C of Form 1040.
a. Southwest Development Company is a sole proprietorship owned by Ms. Harper.
Southwest Development Company has unlimited liability.
b. Southwest Development Company is a 50-50 partnership of Merideth Harper and
Week 3 Essay assignment
Emily must acquire at least 80% of stock issued by the new corporation in order for the
transaction to receive tax deferred treatment under section 351. If Emily is not following the IRS
guideline, a big amount of ga
639. Deductions are allowed unless a specific provision in the tax law provides otherwise. *b. False
640. Mitch is in the 28%tax bracket. *a. True
641. Depending on the nature of the expenditure, expenses *b. False
642. Only some employment re
The Accounting Cycle
to the general