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Sven's Cookhouse is a popular restaurant located on Lake Union in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities. She then completed the first-stage allocations of costs to the activity cost pools, using data from last month's operations. The results appear below:
Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. He knew that the total cost for the month (including organization-sustaining costs) was $180,000 and that 12,000 diners had been served. Therefore, the average cost per diner was $15.
Procter & Gamble Company is a Cincinnati-based company that produces household products under brand names such as Gillette, Bounty, Crest, Folgers, and Tide. The company's 2006 income statement showed the following (in millions):
Based on the information calculate the following items for this proposed equipment purchase, Annual cash flows over the expected life of the equipment, Payback period, Annual rate of return, Net present value, Internal rate of retur
ABC Company pays for purchases 40% in the month of purchase, and the balance in the following month. Recent purchases have been:
Do the pension worksheet and create the journal entries needed to reflect the above activity.
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?
Phonetronix is the small manufacturer of telephone and communications devices. Recently, company management decided to investigate the profitability of cellular phone production. They've three different proposals to evaluate.
Describe how a flexible budget lends itself to cost-volume-profit analysis.
How much profit must Tidbit produce to achieve a 15% return and calculate the revenue per hour that Tidbit must generate to achieve a 15% return.
In January, Knox Company requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,400, Job 3 $700, and general factory use $600 - Prepare a summary journal entry to record raw materials used.
The allowance for uncollectible accounts currently has a credit balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that uncollectible accounts will be $15,000.
Janel Co acquired a building valued at $120,000 for property tax purpose in exchange for$8,000 shares of its 5 par common stock. The stock is selling for $15 per share. At what amount should the building be recorded by Janel Co.?
Calculate the contribution each of the three alternatives will make to Grumbles Industries' pre-tax profits and what is the lowest price Grumbles Industries should accept?
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