The inventory of royal decking consisted of five products. information about the december 31, 2021, inventory is as follows: per unit product cost replacement cost selling price a $ 46 $ 41 $ 66 b 86 76 106 c 46 61 86 d 106 76 136 e 26 34 36 selling costs consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. the normal profit is 25% of selling price.

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.

The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.