Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Piedmont School of Music has hired you as a consultant to help in analyzing the behavior of the school's costs. Use the account-classification method of cost estimation to classify each of the following costs as variable, fixed, or semivariable. Before classifying the costs, choose an appropriate measure for the school's activity.
1.Cost of buying books, sheet music, and other academic materials that are supplied to the students by the school.2.Repairs on musical instruments. The school employs a full-time repair technician. Repair jobs that are beyond the technician's capability are taken to a local musical-instrument dealer for repairs.3.Fee charged by a local public accounting firm to audit the school's accounting records.4.Salaries and fringe benefits of the school's full-time teachers.5.Salaries and fringe benefits of the school's full-time administrative staff.6.Wages of the school's part-time assistant recital instructors. These employees are hired on a temporary basis. For each student enrolled in the school's music programs, four hours of assistant instructor time are needed per week.7.Depreciation on the school's musical instruments.8.Rent for the building in which the school operates.9.Electricity for the school. The school pays a fixed monthly charge plus $.10 per kilowatt-hour of electricity.
What are the major objectives of financial reporting? Who are the users of financial reporting? What type of information will each user group need? Why?
Estimate the effects of falsifying records, diverting cash to ghost employees, and duplicating expenses on a small, midsize, and large business.
During the current year, the Yellow Rose Company completed construction of a new assembly facility in Ocala, Florida. The facility will receive components from Yellow Rose other facilities and assemble them for shipment to distributors. The follow..
Prepare the 2009 journal entries for all of the following transactions and adjustments. Show full computations. You can ignore dates if not given. Round all amounts to nearest dollar.
Someone purchased 320 shares of DNA at 35 3/4 from broker. He charges 1.6% for the transaction. Odd lot carry 1/8 of a dollar brokerage differential.
If the standards are set in a process that often results in compromise between different parties, do the qualities of accounting information provide much value? How?
Using the retail method (this method estimates lower-of-average-cost-and-market), compute the ending inventory at cost as of January 31, 2005. Make sure your answer is in good form with clearly labelled amounts.
Provide all required journal entries for fund and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund out financial statements present?
Pacific has the following account balances as of Feb 1. Western pays $2,020,000 in cash. An additional $20,000 is paid in direct combination costs. For each of the following accounts, determine what balance will be included in a Feb 1 consolidatio..
On January 1, 2003, ABC co. purchased a building and machinery that have the following useful lives, salvage value, and costs-Prepare the journal entry necessary to record the depreciation expense on the building in 2008
What conditions/factors cause a business to have a high degree of operating leverage as compared to others?
Describe the process of selecting and evaluating a sample. Why is sampling important to business? Are there situations in business where sampling would not be effective?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd