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Computer Information Services is a computer software consulting company. Its three major functional areas are computer programming, information systems consulting, and software training. Carol Birch, a pricing analyst in the Accounting Department, has been asked to develop total costs for the functional areas. These costs will be used as a guide in pricing a new contract. Birch assembled the following data on overhead from its two service departments, the Information Systems Department and the Facilities Department.
Service Department User Department Info System Facilities** Computer Programming Consulting Training Total Budgeted Overhead $50,000 $25,000 $75,000 $110,000 $85,000 $345,000 Info systems 400 1,100 600 900 3,000 Facilities 200 400 600 800 2,000 *Allocated on the basis of hours of computer usage. **Allocated on the basis of floor space. Required: Allocate the service department costs to the user departments using the step method.
milford bank and trust company is revamping its credit management department to more effectively manage credit
st. johns paul college of engineering received the following fees from its students tuition fees 10000 library fees 500
bonds issued at a premium bunkichi corporation issued the following bonds at a premiumdate of issue and
The XYZ Corporation has $1000,000 which it plans to invest in marketable securities. The corporation is choosing between the following three equally risky securities: Greenville County tax-free municipal bonds yielding 7 percent;
Cash from Investing Activities
allie forms broadbill corporation by transferring land basis of 125000 fair market value of 775000 which is subject to
You are an employee of a Wealth Management consultancy. As your first accounting assignment for the consultancy, you are auditing the chart of accounts for a client.
Journalize the entries to record the liquidation out lined below, using Assets as the account title for the noncash assets and Liabilities as the account title for all creditors' claims.
Assume that the company produced the equivalent of 11,700 units of product during the year just completed. What was the average cost per unit for direct materials? What was the average cost per unit for fixed manufacturing overhead?
lee provo is paid 20 per hour plus time-and-one-half for hours over 40 for a given week. during the week of january 21
use the following information which describes the possible outcomes from investing in a particular asset to answer the
Create a cost-benefit analysis to evaluate the project
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