Solution-Calculate Mr Smith respective share of the cost

Calculate Mr Smith respective share of the cost

Assignment Help Cost Accounting

Reference no: EM132859731

Question - Mr. Smith and Mrs. Jones each own their own cleaning companies. They are considering renting a commercial vacuum cleaner to share between their two businesses. Mr Smith requires the vacuum for a total of 600 hours and Mrs. Jones would use the vacuum for 400 hours. If each of the cleaning companies rents their own vacuum, the cost would be $50 per hourIf they rent the machine together the hourly rate drops to $40.

REQUIRED -

a. Calculate Mr. Smith's and Mrs. Jones's respective share of the cost using the stand-alone method.

b. Calculate Mr. Smith's and Mrs. Jones's respective share of the cost using the incremental method. Assume Mr. Smith to be the primary party.

Reference no: EM132859731

Questions Cloud

Compute depreciation for the second year : A company purchased a photocopy machine for $16,000. Compute depreciation for the second year under Straight-line method

Create p and np control charts : A hospital is analyzing nosocomial infection. Create p and np control charts. Interpret graphs. How is the hospital performing in relation to its stated goal?

What is the future value of these payments : You will deposit these payments into an account which pays 10%, compounded semiannually. What is the future value of these payments

What other critical health system information system require : In addition to the EHR, what other critical health system information systems require a high level of data quality and robust data quality management?

Calculate Mr Smith respective share of the cost : Calculate Mr. Smith's and Mrs. Jones's respective share of the cost using the incremental method. Assume Mr. Smith to be the primary party

MAR015-6 Entrepreneurship and Small Business Management Assi : MAR015-6 Entrepreneurship and Small Business Management Assignment Help and Solution, Majan University College - Assessment Writing Service

Calculate Brown and Black respective share of the cost : Calculate Mr. Brown's and Mr. Black's respective share of the cost using the incremental method. Assume Mr. Brown to be the primary party

What was Japeth beginning balance : Japeth's statement of changes in owner's equity shows net income of $25,000, owner's drawings of $5,000. What was Japeth's beginning balance

Question on the employment relationship : The Employment Relationship; what employers and employees owe each other.

User Account

All Pages

Calculate Mr Smith respective share of the cost

Reference no: EM132859731

Reference no: EM132859731

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT