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How are cost allocations utilized in the management of the organization. Make certain to discuss cost allocations for decision-making, reporting income to external parties, justifying reimbursements and influencing behavior. Demonstrate content knowledge and understanding of how to use cost allocations to make decisions and the affects of cost allocation.
Yellow Corporation transfers land (basis of $210,000, fair market value of $300,000) to Joe, a shareholder, to carry out a qualifying stock redemption. The land is distributed subject to a $320,000 liability. With respect to the redemption:
How should cost versus usage percentages be assessed and Analyzed? This area will need to address actual costs compared to edible portion costs. It should also include how waste affects costs. 100-150 words
which one of the following would be the same total amount on a flexible budget and a static budget if the activity
three different plans for financing a 5000000 corporation are under consideration by its organizers. under each of the
Product-cost cross- subsidization is less likely to occur when: a) a single cost pool is used b) little effort is mae to trace cost objects c) a peanut butter approach is used to allocate overhead d) none of the above
What is meant by setting a preliminary judgment about materiality? What are the most important factors affecting preliminary judgment on materiality?
What is the appropriate accounting treatment for the value assigned to an in-process research and development acquired in a business combination?
consider p. ltd a one-asset firm with no liabilities. assume that the asset will generate end-of-year cash flows of 300
Retained earnings at 1/1/10 was $150,000 and at 12/31/10 it was $200,000. During 2010 cash dividends of $60,000 were paid and a stock dividend of $40,000 was issued.
V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
The fair market calue of 747 aircraft at december 31,2009 is 30,500,000. If the midwest chose to sell the aircraft on this date would it record a gain or loss on sale and if so, how much?
bubble corporation manufactures two products i and ii from a joint process. a single production costs 4000 and results
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