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Aberdeen Corp. uses activity-based costing system with three activity cost pools. The following cost information is provided: Wages and salaries $ 220,000 Depreciation 120,000 Utilities 100,000 Total $440,000 Activity Cost Pools Assembly Setting Up Other Total Wages and salaries 60% 30% 10% 100% Depreciation 35% 45% 20% 100% Utilities 30% 40% 30% 100% How much total cost would be allocated to the Assembly activity cost pool?
jacks lumber yard receives 8000 large trees each period that it subsequently processes into rough logs by stripping off
Taxpayer receives stock as a gift from his uncle. The adjusted basis of the stock is $20,000 and the fair market value is $37,000. Taxpayer trades the stock for bonds with a fair market value of $35,000 and $2,000 cash. What is his recognized gain..
A company, which sells two different models of an item, finds 65% of its customers buy the cheaper model, for $95. The remaining 35% of the customers pay $125 for the more expensive model. What is the expected purchase price?
1. the federal income tax applicable to corporationsa. allows a deduction for the standard deduction.b. requires the
an account is an important accounting record where financial information is stored until needed. briefly explain the
harris fabrics computes its predetermined overhead rate annually onthe basis of direct labor hours. at the beginning of
Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.
Ron's Hot Rod Shop follows the revenue recognition principle. Ron services a car on July 31. The customer picks up the vehicle on August 1 and mails the payment to Ron on August 5. Ron receives the check in the mail on August 6. When should Ron sh..
given the cost and activity observations for smithson companys utilities use the high-low method to calculate smithsons
The high-low method
The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred out production, and the ending work in process inventory
pro sports inc. manufactures basketballs for the national basketball association. for the 6 months of 2008 the company
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