User Account

All Pages

The good sounds corp is attempting to get a better estimate

Assignment Help Accounting Basics
Reference no: EM13576545

The Good Sounds Corp. is attempting to get a better estimate of the cost of their products. As a first step, they are attempting to allocate overhead by defining three activity cost pools and three corresponding cost drivers. The believe that the cost drivers of each of these pools correlate with the costs of that activity pool. The estimated overhead costs and activity are given as follows:

  • Activity Cost Driver Estimated OH costs Estimated Activity level
  • Supervision Direct Labor $ $60,000 $150,000
  • Inspection # Inspections $40,000 2,000
  • Machine use Machine hours $400,000 10,000
  • Radios CD Players
  • Direct Labor $ $120,000 $30,000
  • # Inspections 500 1,500
  • Machine hours 5,000 5,000
  • Radios CD Players
  • Direct Material $1,500,000 $500,000
  • Direct Labor $120,000 $30,000
  • Units produced 20,000 10,000

Reference no: EM13576545

Questions Cloud

On january 16 2013 sorter company determined that its : at the end of 2012 sorter company has accounts receivable of 882520 and an allowance for doubtful accounts of 41880. on
How much would profits increase or decrease as a result of : westerville auto co. produces a small part that it uses in the production of its automobiles. the companys unit product
Schrager company has two production departments cutting and : schrager company has two production departments cutting and assembly. july 1 inventories are raw materials 4200 work in
Use the gauss-seidel method without relaxation to solve the : use the gauss-seidel method without relaxation to solve the following system to a tolerance of error 5. if necessary
The good sounds corp is attempting to get a better estimate : the good sounds corp. is attempting to get a better estimate of the cost of their products. as a first step they are
Astaire company uses the gross profit method to estimate : astaire company uses the gross profit method to estimate inventory for monthly reporting purposes. presented below is
If the probability of the nl winning an allstar game is 07 : if the probability of the nl winning an allstar game is 0.7 while the probability of the al winning is 0.3 what is the
Michiana companys benton harbor plant produces precast : michiana companys benton harbor plant produces precast ingots for industrial use. angelo lorenzo who was recently
Assume that 40 of students pass exam a 15 students are : assume that 40 of students pass exam a. 15 students are randomly selected from those who are taking exam a. what is the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Java applet to display sildeshow to images from a given

java applet to display sildeshow to images from a given folder in thumbnail form images can be selected one by one and

  A sales discount correctly taken by the charge customer was

1 a sales discount correctly taken by the charge customer was debited to sales at the time the entry was recorded. this

  What is the amount of depletion

In January, 2012, Yoder Corporation purchased a mineral mine for $5,100,000 with removable ore estimated by geological surveys at 2,000,000 tons.

  Amount of cost of goods sold

Based on the information given above, what amount of cost of goods sold did ABC record in 2008?

  Arreaga corp has a tax rate of 40 percent and income before

arreaga corp. has a tax rate of 40 percent and income before non-operating items of 232000. it also has the following

  Disadvantage of purchasing from outside supplier

Based on these data, the per-unit dollar advantage or disadvantage of purchasing from the outside supplier would be:

  Beta corp owns less than one hundred percent of the voting

beta corp. owns less than one hundred percent of the voting common stock of shedds co. under what conditions will beta

  What other roles do accountants play in organizations

What would be the appropriate level of involvement of an accountant in evaluating and selecting an AIS vendor and the AIS itself? What are some of the contributions an accountant might offer in this process?

  Giuseppe guarneri was a skilled violin maker

(1) Giuseppe Guarneri was a skilled violin maker who lived in Italy from 1687 to 1745 and his violins are widely regarded as second only to those of Antonio Stradivari.

  What is the realized tax gain on the sale of the g550

What is the realized tax gain on the sale of the G550?

  It is the controllers belief that the switch in inventory

the controller of sagehen enterprises believes that the company should switch from the lifo method to the fifo method.

  What should we consider next

if a loss contingency is probably or estimable but not both, what should we consider next? What must we disclose to the readers of the financial statements?

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd