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Question
The following cost data pertain to the operations of Left-hand Department Stores, Inc., for the month of December.
Corporate legal office salaries
$74,000
Shoe Department cost of sales, Brentwood Store
$35,000
Corporate headquarters building lease
$78,000
Store manager's salary Brentwood Store
$14,000
Shoe Department sales commissions, Brentwood Store
$5,000
Store utilities, Brentwood Store
Shoe Department manager's salary, Brentwood Store
$3,000
Central warehouse lease cost
$10,000
Janitorial costs, Brentwood Store
$8,000
The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores.
What is the total amount of the costs listed above that are not direct costs of the Brentwood Store?
The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.
Sales
$910
Raw materials, inventory, beginning
$80
Raw materials, inventory, ending
$20
Purchases of raw materials
$100
Direct labor
$130
Manufacturing overhead
$200
Administrative expenses
$160
Selling expenses
$140
Work in process inventory, beginning
$40
Work in process inventory, ending
$10
Finished goods inventory, beginning
Finished goods inventory, ending
$150
The cost of goods manufactured (finished) for the year (in thousands of dollars) was
The cost of the raw materials used in production during the year (in thousands of dollars) was
Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be more appropriate.
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Allocate the service department costs based on air miles and evaluate World Airlines use of air miles as a basis for allocation. Do you think the cause-and-effect relationship is strong?
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Critically describe whether Return on investment or Residual income should be used to assess managerial performance.
One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities. For a very low monthly fee ($26, without an annual contract) customers can access a Snap Fitness center..
Every day we all have decisions to make that depend on us doing the right or wrong thing. It's not always easy to do the right thing. Assume that you accept the following ethical rule
Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units.
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