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Responsibility Center Type
Choosing responsibility center type For each of the following units, identify whether the most appropriate responsibility center form is a cost center, a profit center, or an investment center and why you have made that choice.
a. A laboratory in a hospitalb. A restaurant in a department storec. The computer services group in an insurance companyd. A maintenance department in a factorye. A customer service department in a mail-order companyf. A warehouse used to store goods for distribution in a large cityg. A publishing company acquired by a diversified corporation.
Internal control procedures are important in every business, but at what stage in the development of a business do they become especially critical?
Prepare a statement of cost of goods manufactured for February. Prepare a statement of cost of goods sold for February.
Compute depreciation for 2009 and 2010 using Straight line, Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively) and double-declining balance.
Discuss the impact that the above events may have on the public perception of the integrity, objectivity and independence of the multinational firm of accountants.
If production is greater than sales, how does absorption costing net income differ from variable costing net income? In the long run, will net income be higher or lower under variable costing compared to absorption costing?
Evaluate the benefits and challenges of using historical cost and fair value accounting for PPE and intangibles, by reviewing accounting literature.
Compute the direct cost of compensating Gaines for her services on the flight from San Diego to Sacramento. Compute the cost of Gaines's services that is an indirect cost.
If the machine hour method is used in applying factory overhead and the predetermined rate is $12.50 an hour, what amount should be charged to 2010 for factory overhead?
The business recorded a machinery depreciation expense at the end of each quarter during the year, but no entry has been made for the fourth and final quarter. What adjusting entry for machinery depreciation should be recorded at year-end?
You will prepare a report that compares your findings on costs and changes to variable and indirect costs. Include the potential financial benefits the facility might realize if it incorporated changes to the revenue or cost structure.
1. Nevada's engineers have found a way to reduce equipment manufacturing time. The new method would cost an additional $60 per unit and would allow Nevada to manufacture 20 additional units a year. Should Nevada implement the new method? Show your ca..
1. find what was youngs total share of net loss for the first year?a. 3900 loss.b. 11700 loss.c. 10400 loss.d. 24700
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