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A student has a choice of 2 different full-time summer jobs for 12 weeks:Job 1 is an office job - wages are $600 per weekcost of office job:Gas: $40 per weekParking: $20 per weekLunch: $35 per weekClothes: $350 one time costLaptop Computer: $600 one time costJob 2 is a lifeguard job at Jones Beach - wages are $220 per week.costs of lifeguard job:Gas: $20 per weekLunch: $20 per week1- Comment and answer:a- The quantitative (net cost analysis) answers to your decision aboveb- Name the qualitative factors that might influence you to choose the less paying job.2- Identify, define and discuss the following with specific reference to above options:a- Avoidable costsb- Constraintsc- Differential costsd- Relevant costse- Sunk costs
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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