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1. Refer to the data for Arbon Company in Exercise 4B-3. In Exercise 4B-3, Billinstaff Industries uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
Required:
Assuming that the company uses the direct method rather than the step-down method to allocate service department costs, how much cost would be assigned to each operating department?
Yummy-Pop Ltd makes lollipops in two sizes, large and giant. The company sells these lollipops to convenience stores, fairs, schools for fundraisers, and in bulk on the Internet.
Is it possible for a retail store such as Apple to use variances in analyzing its operating performance?
Managerial incentives of performance evaluation based on accounting data. How might management's observation influence its choice between the two investment projects?
Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.
Applied overhead on the basis of 185 percent of $8500 in material costs - recognized depreciation on manufacturing property, plant, and equipment of $6250. prepare journal entries to record these transactions
Compute the net benefit to the company of manufacturing (rather than purchasing) a unit of C15. Repeat the calculation for a unit of C19.
The following accounts and corresponding balances were drawn from Geneses Company's 2014 and 2013 year-end balance sheets:
What is the level of production, price, and total profit per week?
Direct materials used during the year amount to $59,800, and the cost of goods sold for the year was $68,900.
Blanche's Boxes makes cardboard shipping cartons in a single operation.
Given a company's positive and negative cash flows over years 0-5, and the interest rate on the project, what is the IRR and MIRR?
Calculate Pirelli's bonus for 2008. Evaluate Pirelli's performance. Did he do as good a job as the numbers in requirement 1 suggest? Explain.
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