The museum of america is preparing for its annual appreciation dinner for contributing members. lastâ year, 525 members attended the dinner. tickets for the dinner were $ 24 per attendee. the profit report for lastâ year's dinner follows.
ticket sales $12,600
cost of dinner 15,300
gross margin 2,700
invitations and paperwork 2,500
profit (loss) $ 5,200
this year the dinner committee does not want to lose money on the dinner. to achieve itsâ goal, the committee analyzed lastâ year's costs. of the â$15,300 cost of theâ dinner, â$9,000 were fixed costs and â$6,300 were variable costs. of the â$2,500 cost of invitations andâ paperwork, â$1,975 were fixed and â$525 were variable.
requirement:
1. prepare last year's profit report using the contribution margin format.

Taking commercial paper means the holder acts honestly

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000