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The company is investigating the use of an Activity-based costing system and has identified two principal activities associated with manufacturing overheads: Supervision and Quality Inspections. In the last quarter, Supervision costs amounted to $105,481 and are driven by the number of Supervision hours; Quality inspection costs totaled $115,173 and are driven by the number of inspections.
Each Blox requires 45 minutes of supervision time and a single quality inspection. Each Shapez requires one hour of supervision time, and every second Shapez goes through a quality inspection.
The Perth plant produced and sold 69,574 Blox and 44,275 Shapez in the last quarter, at a selling price of $65 for Blox and $135 for Shapez.
Calculate the total dollar amount of Supervisions cost that would have been allocated to the Shapez product line, if activity-based costing had been used in the last quarter. (Round your answer to the nearest dollar.)
Compute the debt to assets ratio for each company and based on the ratios computed in Requirements a and b, which company had the better liquidity in 2007?
Their net income is $880,000 and they paid $10,000 in preferred dividends. Compute Tonga's earnings per share as of December 31.
Factory utilities of $2,200 are payable, prepaid factory insurance of $1,800 has expired, and depreciation on the factory building is $3,500. Prepare journal entries for each type of manufacturing cost.
Quince Interest is a partnership with a tax year that ends on September 30, 2013. During that year, Potter a partner received $3,000 per month as a guaranteed payment, and his share of partnership income after guaranteed payments was $23,000.
Cultural Revolution highlights some of the challenges that China faces as it moves towards the adoption of International Accounting Standards. These challenges include, but are not restricted to, societal, cultural and accounting issues.
Each off the above projects is based on ideas for projects where there is significant information available in the form of technical guides, case studies, and from suppliers of technology. A quick Google search will furnish you with examples and ..
Carmel Dinner Club also provides matching contribution ($40) into the plan for Gorman. Calculate deduction for OASDI (based on 2012 4.2%) Calculate deduction for HI (based on 1.45%)
Evaluate the amount of depreciation that can be taken in the first two years of the truck's useful life if the actual miles driven are 16,000 and 18,200, correspondingly.
Assign the total 2012 manufacturing overhead costs to the two products using activitybased costing and what was the cost per unit and gross profit of each model using ABC costing?
the decision was made to use a process costing system. the first month of operation went fairly smoothly and the cfo is
Calculate the unit cost per product using activity based costing as the method of absorbing overhead costs into the products.
What are the allowable departures from historical Cost discussed in class? Two of them involve adjusting the cost to Market Value, which ones, what assets do each one adjust and how does handle unrealized gains?
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