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!
Cost Allocation and Apparent Profitability Diamonds, Etc. manufactures jewelry settings and sells them to retail stores. In the past, most settings were made by hand, and the overhead allocation rate in the prior year was $10 per labor hour ($2,000,000 overhead ÷ 200,000 labor hours). In the current year, overhead increased by $400,000 due to acquisition of equipment. Labor, however, decreased by 50,000 hours because the equipment allows rapid creation of the settings. One of the company's many customers is a local jewelry store Jasmine's Fine Jewelry. This store is relatively small and the time to make an order of jewelry pieces is typically less than 8 labor hours. On such jobs (less than 8 labor hours), the new equipment is not used, and thus the jobs are relatively labor intensive.Required
a) Assume that in the current year, the company continues to allocate overhead based on labor hours. What would be the overhead cost of an 8-labor-hour job requested by Jasmine's Fine Jewelry? How does this compare to the overhead cost charged to such a job in the prior year?
Assume that the price charged for small jobs does not change in the current year. Are small jobs less profitable than they were in the past?
What amount can be reported as the noncontrolling interest in the consolidated balance sheet on January 1, 20X9?
Development of relevant cash flows - Cost estimating and financial analysis
Evaluate the maximum depreciation expense
Evaluate net income and ratios
What is the amount of avoidable costs if Jones buys rather than makes the components . The value of benefits foregone by selecting one decision alternative over another.
Total the performance evaluation report for this subunit and based on the data shown, what kind of responsibility center is the subunit
Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings.
Evaluate whether Product F should be sold or processed further into Product G. Determine the net benefit (cost) of further processing per liter.
Purpose an unadjusted trial balance as of April 30, 2007. Set up suitable T-accounts. All accounts begin with zero balances.
Prepare the journal entries to record the bond issue and interest expense.
Fixed costs total $84,000 per month, If 80% of the rooms are occupied each night in the month of February Compute total costs be for the month
If the Cupcake Factory plans to sell 1,000 cupcakes a month, which lease option could cost less each month? Why? If the company plans to sell 1,800 cupcakes a month, which lease option could be more striking? Why?
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