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2. Computer Information Services is a computer software consulting company. Its three major functional areas are computer programming, information systems consulting, and software training. Carol Birch, a pricing analyst in the Accounting Department, has been asked to develop total costs for the functional areas. These costs will be used as a guide in pricing a new contract. Birch assembled the following data on overhead from its two service departments, the Information Systems Department and the Facilities Department.
Required: Allocate the service department costs to the user departments using the step method.
The records of Andrews Company reflect the subsequent data -Work in process, starting of the month - 4,500 units; 1 / 3 completed at a cost of $2,400 for materials, $825 for labor, and $5,000 for overhead.
The Program Office has access to a database of the costs of adding similar equipment to 15 other types of aircraft. What is the most appropriate cost estimating method for this situation and budget for the estimated negotiated price and the maximum..
What are the two approaches to accounting for inventory that were covered in the course and which inventory method is the bookshop using and which method is the fruit and vegetable stall using?
The contribution margin in mall store is $200,000. Total fixed costs are $90,000 in downtown store and $93,000 in the mall location. How much are sales at mall location?
Describe what other tax revenue systems could you consider and how do you think they would be better or worse?
What number of shares can be used in the computation of basic EPS for the year 2002?
Which cost flow method results in 1. the highest inventory amount for the balanc sheet abd 2. the highest cost of goods sold for the income statement?
what other potential measures will we implement to control those unallocated costs and regarding customer profitability profiles, what could be done when customers have unfavorable profiles?
Evaluate all materials and labor variances in a spreadsheet by using a program like Excel. Be sure to add price, quantity, wage rate, and labor efficiency variances.
Calculate the net patient service revenue that would be reported on the statement of revenues, expenses, and changes in net assets.
Construct a balance sheet after a two for one stock split. What will be the new price of the stock and construct a balance sheet after a 5% stock dividend. What is the new price of the stock?
How much could Betty include in her 2011 taxable income as interest? How much could Betty report as dividend income for 2011? How much could Betty include in taxable "Other Income" for her state lottery winnings?
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