Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Diamonds, Etc. manufactures jewelry settings and sells them to retail stores. In the past, most settings were made by hand, and the overhead allocation rate in the prior year was $10 per labor hour ($2,000,000 overhead divided by 200,000 labor hours). In the current year, overhead increased by $400,000 due to acquisition of equipment allows rapid creation of the settings. One of the company’s many customers is a local jewelry store, Jasmine’s Fine Jewelry. This store is relatively small and the time to make an order of jewelry pieces is typically less than 8 labor hours. On such jobs (less than 8 labor hours), the new equipment is not used, and thus the jobs are relatively labor intensive. A. Assume that in the current year, the company continues to allocate overhead based on labor hours. What would be the overhead cost of an 8-labor-hour job requested by Jasmine’s Fine Jewelry? How does this compare to the overhead cost charged to such a job in the prior year?
B. Assume that the price charged for small jobs does not change in the current year. Are small jobs less profitable than they were in the past?
A taxpayer suffers a casualty loss on personal use property for which he has insurance coverage. However, to avoid a premium adjustment, the taxpayer fails to make a timely claim. In this situation is the full deduction for the casualty, after th..
You can purchase the equipment through the dealer's finance company over time and it will cost an additional $12,000 in interest. Illustrate what is the effective annual interest rate you will be paying using each of the following methods?
Prepare an adjusting entry, if necessary, to record the year-end fair values adjusting for the portfolio of short-term investment in available –for-sale securities.
Calculation of number of tickets to be sold for the more deluxe event in order to yield the same profit as the original plan.
Evaluate the overhead rate for each cost driver
Interest computed on the weighted-average amount of accumulated expenditures for the building during 2005 was $60,000. Calculate interest cost that Alaska should capitalized?
When payrolls and other liabilities are incurred and must be paid before substantial amounts of cash will be collected, what type of short-term note is desirable and secured by a government's power to tax?
Evaluate its cost of common equity and What is the WACC - Cost of common equity and WACC
During 2012 Gates reported net income of $200,000 and reported dividends of $75,000. Illustrate what is the income reported by Dodge for 2011 and 2012 with regard to the Gates investment?
Valuation of plant asset - What amount if any will Hi-Tech record as goodwill on the date of purchase?
Illustrate what was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2006
Evaluate the variable cost per calculator and express the pocket calculator cost in a cost formula.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd