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Classifying costs in a service company
A partial list of the costs for Wisconsin and Minnesota Railroad, a short hauler of freight, follows. Classify each cost as either indirect or direct.
For purposes of classifying each cost, use the train as the cost object.a. Cost to lease (rent) railroad carsb. Cost of track and bed (ballast) replacementc. Diesel fuel costsd. Cost to lease (rent) train locomotivese. Depreciation of terminal facilitiesf. Maintenance costs of right of way, bridges, and buildingsg. Salaries of dispatching and communications personnelh. Headquarters information technology support staff salariesi. Safety training costsj. Wages of train engineersk. Wages of switch and classification yard personnell. Costs of accident cleanup
Renegade Co. is a wholesaler of motorcycle supplies. Anaging of the company's accounts receivable on December 31,2008, and a historical analysis of the percentage of uncollectibleaccounts in each age category are as follows:
Describe the three main areas where private equity investments may bring value to corporations.
Ricky has rented a house from Sarah since last year. The rent is usually $800 per month, but Sarah reduced the monthly rent down to $600 for all 12 months. How much total rental income must Sarah report this year?
Olmsted Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained earnings, $363,000. What total amount should Olmsted Company report as stockholders' equity?
Chateau Beaune is a family-owned winery headed by Gerard Despinoy and located in the Burgundy region of France. The harvesting season in early fall is the busiest part of the year for the winery, and many part-time workers are hired to help pick a..
Write a literature review and the research would cover history, development and adoption, the current market size, identity the leaders in the market and what gives them the competitive advantage.
Factory overhead for the year is estimated at Rs776,000. Departmental break-up is provided below:
we have discussed resource allocation and resource leveling and the purpose and benefits of each. we have all been
Discuss why an analyst might prefer to calculate a governmental entity debt burden as a percentage of full value of property rather than on a per capita basis.
Sanger Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that:
In your role as the financial manager, you routinely review your firm's financial statements and financial ratios to evaluate the financial health of your company.
When interest is involved in installment-sales transactions, how should it be treated for accounting purposes?
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