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!
Willson Company has developed value-added standards for four activities: purchas- ing parts, assembling parts, administering parts, and inspecting parts. The activities, the activity driver, the standard and actual quantities, and the price standards follow for 2005:
Purchasing parts
Orders
1,500
2,100
$300
Assembling parts
Labor hours
180,000
199,500
12
Administering parts
Number of parts
18,000
25,800
110
Inspecting parts
Inspection hours
0
75,000
15
The actual prices paid per unit of each activity driver were equal to the standard prices.
1. Prepare a cost report that lists the value-added costs, non-value-added costs, and actual costs for each activity.
2. Which activities are non-value-added? Explain why. Explain why value-added activities can have non-value-added costs.
Identify and explain the prerequisites necessary for accounting control and analyse the difficulties that might be experienced in achieving them.
What constitutes a business expense?The difference between a business and a hobby.The difference between the cash and accrual methods.
Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories: .Variable .Fixed .Mixed .
Mosaic Company applies overhead using machine hours and reports the following information.
Donut Ville caters to its retirement populations by selling over 10,000 each week. To produce that many donuts weekly, Donut Ville uses 1,000 pounds of flour, which must be delivered by 5:00 am by every Friday morning. How should the manager of Do..
stephen anest started a new business called repairs r us inc. at the beginning of the year. unfortunately stephen has
Why might a company want to engage in off-balance sheet financing and what are the four options that manufacturing and service companies have to transform breakeven or loss customers into profitable ones?
the primo corporation began operations two years ago and was authorized to issue 500000 shares of 6 100 par value
a.recast the full costing income statement for 2014 into a variable costing format. does it appear as sanjay patel
Beginning January 1, 2013 Sharp acquired 80% of Tippy Co for $1,360,000 (fair market value).
Preparation of a schedule of costo goods Manufactured and cost goods sold. The following cost and inventory data for the just completed year are taken from the accounting records of eccfles company:
Classify all manufacturing costs and selling and administrative expenses as either variable or fixed and prepare a contribution margin income statement separating all variable and fixed costs into their own categories.
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