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Cummings Company has identified the following overhead activities costs and activity drivers for the coming year: Activity Expected cost Activity Driver Activity Capacity Setting up $120,000 Number of setups 600 Inspecting $ 90,000 Inspection hours 9,000 Grinding $180,000 Machine hours 36,000 Receiving ? Number of parts 100,000 The company produces several different subassemblies used by other manufacturers. Information on separate batches for two of these subassemblies follows: F G Direct Materials $ 1,700 $1,900 Direct Labour $ 1,200 $ 1,200 Units Completed 200 100 Number of setups 2 2 Inspection hours 8 4 Machine hours 40 60 Parts used 40 80 The company's normal activity is 20,000 direct labour hours. Each batch uses 100 hours of direct labour. Upon investigation, you discover that Receiving employs a worker, who spends 75% of her time on the receiving activity and 25% of her time on inspecting products. Her salary is $80,000. Receiving also uses a forklift, at a cost of $12,000 per year for amortization and fuel. The forklift is used only in receiving. Instructions: a) What is the amount of cost assigned to the receiving activity? (3 marks) b) What is the activity rate for receiving? (2 marks)
crane inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components
during 2014 pretenders furniture company purchases a carload of wicker chairs. the manufacturer sells the chairs to
delta corporation owns 90 of sigma company and sigma owns 90 of pi inc. all of which are domestic corporations.
Which of the following statements is true regarding the sale of a partnership interest?
hard corporation projects sales of 230000 in may 250000 in june 260000 in july and 240000 in august. since the dollar
diversified products inc. has recently acquired a small publishing company that diversified products intends to operate
Dividends in areas pertain to non-cumulative preference shares?
Summarize the four phases (in order of their occurrence) in the product life cycle. For each of the four phases, explain the impact of the cycle on a company's cash flow.
Prepare the journal entry to record the issuance of the bonds.(For multiple debit/creditentries, list amounts from largest to smallest eg 10, 5, 3,2.)
Determine the expected net realizable value of the accounts receivable as of December 31.
He subdivides the land and installs streets and sewers at a cost of $100,000. What is Levi's basis for the land and the improvements?
pops corp. has agreed to exchange an old computer system for a van from inclineinc. in addition incline will pay
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