Comfy fit company manufactures two types of university sweatshirts, the swoop and the rufus, with unit contribution margins of $6 and $15, respectively. regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. the firm leases seven machines that each provides 1,000 hours of machine time per year. each swoop sweatshirt requires 6 minutes of machine time, and each rufus sweatshirt requires 30 minutes of machine time. assume that a maximum of 40,000 units of each sweatshirt can be sold. what is the contribution margin per hour of machine time for the swoop sweatshirts? round intermediate calculations to 4 decimal places and round your final answer to the nearest dollar, if rounding is required. what is the contribution margin per hour of machine time for the rufus sweatshirts? round intermediate calculations to 4 decimal places and round your final answer to the nearest dollar, if rounding is required. what is the optimal mix of sweatshirts? round intermediate calculations to 2 decimal places. round your final answer to the nearest whole unit, if rounding is requirednow the optimal mix is units of swoop sweatshirts and units of rufus sweatshirts. what is the total contribution margin earned for the optimal mix?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.