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Rand Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools. The first cost pool contains costs that are related to packaging and shipping and Rand has determined that the number of boxes shipped is an appropriate cost driver for these costs. The second cost pool is made up of costs related to the final inspection of each item before it is shipped and the cost driver for this pool is the number of individual items that are inspected and shipped. The final cost pool is used for general operations and supervision of the department and the cost driver is the number of shipments. Information about the department is summarized below: Cost Pool Total Costs Cost Driver Annual Activity Packaging and shipping $170,000 Number of boxes shipped 25,000 boxes Final inspection $200,000 Number of individual items shipped 100,000 items General operations and supervision $85,000 Number of orders 10,000 orders During the period, the Far East sales office generated 680 orders for a total of 6,120 items. These orders were shipped in 1,495 boxes. What amount of shipping department costs should be allocated to these sales?
In 2004, Parrot Company sold land to its subsidiary, Tree Corporation, for $12,000. It had a book value of $10,000. In the next year, Tree sold the land for $18,000 to an unaffiliated firm. The 2004 unrealized gain
1. in 2012 mordica co. issued 300 000 of its 500 000 authorized shares of 10 par value common stock at 35 per share. in
why is the identification of favorable and unfavorable variances so important to a company? how can the identification
a person wanted to withdraw x rupees and y paise from the bank. but cashier made a mistake and gave him y rupees and x
Mark Mayer, a cash basis taxpayer, leased property on June 1, 2011 to Perry Purly at $325 a month. Perry paid Mark $325 as a security deposit, which will be returned at the end of the lease.
Which of the following costs are likely to be fully controllable, partially controllable, or not controllable by the chief of the production department?
colen corporation produces and sells a single product. in january the company sold 1700 units. its total sales were
Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was ..
Prepare a December 31, 2007 balance sheet for the Baggett Company - compute the debt ratio.
mfg company experiences the following cost behavior patterns each week fixed costs supervisors salary 2000 factory rent
on january 1 2006 lani company entered into a noncancelable lease for a machine to be used in its manufacturing
Which is NOT a component of the master budget?
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