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Mandy's company allocates the net cost of the company human resources department to production departments using the direct method based on the number of employees in each department. The four production departments in the company have the following number of employees: molding, 25; polishing, 35; engraving, 30; and packaging, 10. The human resources' net costs total $120,750. There are 5 employees in the human resources. When the human resources department costs are allocated, what is the amount per employee that will be allocated to each of the production departments?
Illustrate at what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2013? What is the total net income reported in 2013 under each of these methods?
Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your “house fund”. How much is in this account after 5 years?
question 1 this part has 30 marks allocated to it.record the following transactions from june for centinal electronics
On March 1, 2014, Eric Keene and Abigail McKee form a partnership. Keene agrees to invest $21,100 in cash and merchandise inventory valued at $55,900. McKee invests certain business assets at valuations agreed upon, transfers business liabilities, an..
Hayner Limos, Inc., is considering the purchase of a limousine that would cost $149,868, would have a useful life of 9 years, and would have no salvage value. The limousine would bring in cash inflows of $36,000 per year in excess of its cash operati..
Prepare general journal entries to record the above transactions.
Which of the following formulas should be used to allocate variable costs from service departments to user departments? The phrase "cost allocation" refers to the allocation of total department costs to, If a department identifies more than one cost ..
2013 Total Assets $48 Total Liabilities ($17) Net Income $31. 2012 Total Assets $28 Total Liabilities ($5) Net Income $23 Compute the amount of Swit's net income or net loss during the year ended January 2013;
Purpose the suitable journal entries in the general fund. If suitable, write "No entry required."
Howard is the sole shareholder of Queen Corporation, having a basis of $90,000 in 1,000 shares of Queen common stock. Last year, Queen (E&P of $500,000) issued a dividend of 2,000 shares of preferred stock to Howard. What are the tax consequences of ..
question 1a special districts balance sheet maynt capture its economic resources as well as obligationsa special
What other factors would you recommend to be considered in establishing the raw material cost standard for the new cleaner?
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