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Various costs associated with the operation of factories are given below. Classify each cost as either variable or fixed with respect to the number of units produced and sold. Also indicate whether each cost would typically be treated as a direct cost or an indirect cost with respect to units of product. List each numbered item with either a "V" for variable or an "F" for fixed and either a "D" for direct cost or "I" for indirect cost so for example: 1. VD, 2. FI, etc.1. Electricity to run production equipment2. Rent on a factory building3. Cloth used to make drapes4. Production superintendent's salary5. Wages of laborers assembling a product6. Depreciation of air purification equipment used to make furniture7. Janitorial salaries8. Peaches used in canning fruit9. Lubricants for production equipment10. Sugar used in soft-drink production11. Property taxes on the factory12. Wages of workers painting a product13. Depreciation on cafeteria equipment14. Insurance on a building used in producing helicopters15. Cost of rotor blades used in producing helicopters
Using the activity-based costing approach, determine the overhead cost per unit for each product. Prepare a Schedule of Expected Cash Collections for November and December. Prepare a Merchandise Purchases Budget for November and December.
At the begining of the year , Addison Company's assets are 259,000 and it's equity is 194,250. During the year ,assets increased 80,000 and liabilities increase 52,643. What is the equity at the end of the year?
If BestCo were to measure the improvements in the number of defective units, what perspective on the Balanced Scorecard would report this measure?
for eckstein company the predetermined overhead rate is 140 of direct labor cost. during the month eckstein incurred
A project will require an initial investment of $750,000 and will return $200,000 each year for five years. If taxes are ignored and the required rate of return is 9%, what is the project's net present value? Based on this analysis, should the com..
the cost accountant for a drug company has informed you that the companys materials quality variance for a allegra was
paulson company issues 6 four-year bonds on december 31 2013 with a par value of 90000 and semiannual interest
His net regular tax liability beforethe general business credit is $95,000, and his tentative minimumtax is $82,000. Compute Earl's allowable general businesscredit for the year.
The Sarbanes-Oxley Act of 2002 (SOX) was the catalyst for significant changes in the accounting profession and financial world. One objective of SOX was to deter fraudulent activity within an organization.
What is pro forma reporting according to regulation SX of the SEC? How has pro forma reporting been used by corporations over the years? Summarize the arguments for and against this type of reporting.
After attending your seminar about life insurance planning, she has come to you to determine whether she has enough life insurance. Besides the small disability check that her husband receives, she is the only source of income-albeit a good income..
nesman company which has only one product has provided the following data concerning its most recent month of
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