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Deraney Corporation has an activity-based costing system with three activity cost pools-Machining, Setting Up, and Other. The company's overhead costs have already been allocated to the cost pools and total $5,800 for the Machining cost pool, $4,700 for the Setting Up cost pool, and $7,500 for the Other cost pool. Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products appear below:
a. Calculate activity rates for each activity cost pool using activity-based costing.
b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing.
Prepare schedules showing the amount and percentage changes from 2013 to 2014 for the comparative income statements and the balance sheets.
The general ledger entry to record the purchase of materials is:
Bay Company began using the allowance method in 2014. On January 1, 2014.Uncollectible accounts are estimated to be 2% of sales on account.
premium entries to stimulate the sales of its alladin breakfast cereal loptien company places 1 coupon in each box.
What will be the recorded cost of the building under each alternative?- how much is the annual depreciation expense under each alternative?
question 11 a sale for 200000 francs was made by a french corporation to a canadian company when the exchange rate was
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Explain the impact that the Pacific Acceptance case had on existing auditing practice and list four of the procedures or practices that were identified in the ruling as being part of a competent audit.
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