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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 (hours) 400 1,100 600 900 3,000 Facilities (thousand sq. ft.) 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.
casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys
At the end of the current year, the accounts receivable account has a balance of $650,000, and net sales for the year total $5,500,000. Estimate the amount of the adjustment for doubtful accounts under each of following assumptions:
Compare the sales and collection patterns before and after the arrival of the new sales manager. Have things improved or deteriorated? Explain. On the basis of the information presented, determine what likely caused the improvement or deterioratio..
The following facts apply to TinyPart Toy Company's pending litigation as of December 31, 2011:
brooks inc. has issued three types of debt on january 1 2014 the start of the companys fiscal year.a 5 million 20-year
The automatic lane-cleaning machine. Thecost of repairing the component is $1,850. What is the totalrecorded cost of the automatic scorekeeping equipment?
Without prejudice to your solution in part a, assume that the issue price was $884,000. Prepare the amortization table for 2008, assuming that amortization is recorded on interest payment dates.
His net regular tax liability beforethe general business credit is $95,000, and his tentative minimumtax is $82,000. Compute Earl's allowable general businesscredit for the year.
Webb Co. acquired 100% of Rand Inc. on January 5, 20011. During 2011, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000. Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,40..
You own a portfolio that is 38 percent invested in Stock X, 22 percent in Stock Y, and 40 percent in Stock Z. The expected returns on these three stocks are 10 percent, 15 percent, and 12 percent, respectively.
The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine?
at the todd company the cost of the personnel department has always been charged to production departments based upon
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