The following are the jensen corporation's unit costs of making and selling an item at a volume of 1,000 units per month (which represents the company's capacity):

manufacturing:
direct materials $1.00
direct labor $2.00
variable overhead $0.50
fixed overhead $0.40

selling and administrative:
variable $2.00
fixed $0.80

present sales amount to 700 units per month. an order has been received from a customer in a foreign market for 100 units. the order would not affect current sales. fixed costs, both manufacturing and selling and administrative, are constant within the relevant range between 700 units and 1,000 units. the variable selling and administrative expenses would have to be incurred on this special order as well as for all other sales. direct labor is a variable cost.

assume the company has 50 units left over from last year which have small defects and which will have to be sold at a reduced price for scrap. the sale of these defective units will have no effect on the company's other sales. which of the following costs is relevant in this decision?

a. $3.50 variable manufacturing cost
b. $3.90 unit product cost
c. $2.00 variable selling and administrative cost
d. $6.70 full cost

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in