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Wilkins Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Wilkins is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be allocated to each product line. The following information relates to overhead. Mobile Safes Walk-in Safes Units planned for production 200 50 Material moves per product line 300 200 Purchase orders per product line 450 350 Direct labor hours per product line 800 1,700 The total estimated manufacturing overhead was $260,000. Under traditional costing (which assigns overhead on the basis of direct-labor hours), what amount of manufacturing overhead costs are assigned to: One mobile safe? $ One walk-in safe? $ The total estimated manufacturing overhead of $260,000 was comprised of $160,000 for material-handling costs and $100,000 for purchasing activity costs. Under activity-based costing (ABC): What amount of material handling costs are assigned to: One mobile safe? $ One walk-in safe? $ What amount of purchasing activity costs are assigned to: (Round answers to 2 decimal places, e.g. 195.25.) One mobile safe? $ One walk-in safe? $ Compare the amount of overhead allocated to one mobile safe and to one walk-in safe under the traditional costing approach versus under ABC. Total overhead allocated under traditional costing. (Round answers to 2 decimal places, e.g. 250.00) One mobile safe? $ One walk-in safe? $ Total overhead allocated under ABC. (Round answers to 2 decimal places, e.g. 250.00.) One mobile safe? $ One walk-in safe? $
Eric is a collector of antique automobiles andoccasionally sells one to get funds to buy another. What are theamount and nature of the gain or loss from each of these transactions?
Use information from the latest financial statement to compute operating leverage, ROI, EVA and another performance measure of Textron,
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Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts?
What have you learned about how you work as an individual? How have you changed your behaviour or approach to the workplace as a result of what you have learned? How has this helped improve work outputs or business results in your area?
Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?
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Gore Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2008, Gore reacquired 100 shares at $85 per share. On September 1, Gore reissued 60 shares at $90 per share.
montgomery company purchased an electric wax melter on april 30 2013 by trading in its old gas model and paying the
in a year of rising costs and prices the firm reported net income of 480000 and average assets 3600000. if natco had
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