Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dream Sewing Company uses activity based costing to account for its manufacturing process. Following are the four identified with the process and their budgeted costs for the month of december:
Activity Total Budgeted Cost Allocation BaseMaterial handling $55,000 Number of partsMachine setup $16,500 Number of setupsAssembling $23,000 Number of partsPackaging $8,500 Number of finished units
Dream expects to produce 1000 sewing machines in the month of december. The sewing machines are expected to use 25,000 parts and require 15 set ups.
A) Compute the cost allocation rate for each activity?
B) Compute the average manufacturing cost of each sewing machine assuming direct materials are $175 per machine?
A share of common stock just paid a dividend of $3.25 per share. The expected long-run growth rate for this stock is 18%. If investors require a rate of return of 24%, what should the price of the stock be?
Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device
What should be the gain on sale of this investment in Rich's 2011 income statement?
Twyla Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.
Harry pays $600 for airfare, $200 for meals, and $500 for lodging while on business. The cost of meals and lodging while on vacation was $300 and $500, respectively. How much may Harry deduct as travel expenses for the trip?
The credits to the Manufacturing Overhead account as a consequence of the raw materials transactions in April total:
Limousine Conversion Company purchases ordinary Cadillacs, cuts them in half, and then adds a middle section to the vehicles to create stretch limousines.
The adjusted trial balance of Rocky Acre Spread Inc. on December 31, 2012 includes the following accounts: Accumulated Depreciation, $6,000; Depreciation Expense, $2,000; Notes Payable $7,500; Interest Expense $150; Utilities Expense, $300.
Assume you're bearish on Stock Y and decide to sell short 100 shares at the current market price of $30 per share. You earn no interest on the funds in your margin account and the cost of borrowing shares is 0.25%.
Why does a company choose to form as a corporation? What are some of the advantages and disadvantages of the corporate form of doing business?
What is the appropriate balance for the Allowance for Doubtful Accounts on Dec. 31?
Prepare an incremental analysis for the special order and should Pro Sports Inc. accept the special order? Explain your answer. What is the minimum selling price on the special order to produce net income of $4.10 per ball?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd