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Cathy, the manager of Cathy's Catering, Inc., uses activity-based costing to evaluate the costs of her catered parties. Each party is limited to 20 guests and needs 4 people to serve and clean up. Cathy offers two types of parties, an afternoon picnic and an evening formal dinner. The breakdown of the costs given: Activities (and cost drivers) Afternoon Picnic Formal Dinner Advertising (parties) $ 89 per party $ 89 per party Planning (parties) $ 64 per party $ 146 per party Renting equipment $ 47 per party plus $ 70 per party plus (parties, guests) $ 14 per guest $ 20 per guest Obtaining insurance (parties) $ 240 per party $ 360 per party Serving (parties, servers) $ 57 per server per party $ 76 per server per party Preparing food (guests) $ 16 per guest $ 32 per guest Per party costs do not vary with the number of guests. Required: (a) Evaluate the cost of a 20-guest afternoon picnic. Afternoon picnic $ (b) Evaluate the cost of a 20-guest evening formal dinner. Evening formal dinner $ (c) How much should Cathy charge for every guest for each type of party if she needs to cover her costs?
questionbarb age 55 is divorced and lives with her 16-year daughter katie. barb worked as a therapist and earned 45000
on plant depreciation section how did you come out with percentages 100000002.461 on first year. second year and so on
Suppose that the data are the same, except that the fair market value of property is 2,525,000. Thus, when terry deeds the property to creditor, she also receives 25,000 from the creditor. What are the tax consequences to terry?
cost data for t. clark manufacturing company for month ending 30th april 2008 are as giveninventories april 1 april
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in the present year azure company has 350000 of remaining operating income before deducting any compensation or other
A corporation has income of $62,000 from operations and a long term capital loss of $5,000 and long term capital gain of $4,000. What is the corporation's taxable income?
Calculate tax liability.
Determine the days sales uncollected for both companies as of the end of the present period. Which company is doing a better job in managing the collection of its receivables?
Identify the problems that appear to exist in Ferguson & Son Manufacturing Company's budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.
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