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Acton Company has two products: A and B. The annual productionand sales of Product A is 800 units and of Product B is 500 units.The company has traditionally used direct labor-hours as the basisfor applying all manufacturing overhead to products. Product Arequires 0.3 direct labor hours per unit and Product B requires 0.2direct labor hours per unit. The total estimated overhead for nextperiod is $92,023. The company is considering switching to anactivity-based costing system for the purpose of computing unitproduct costs for external reports. The new activity-based costingsystem would have three overhead activity cost pools--Activity 1,Activity 2, and General Factory--with estimated overhead costs andexpected activity as follows:
Activity Cost Pool
Estimated Overhead Cost
Expected Activity
Product A
Product B
Total
Activity 1
$14,487
500
600
1,100
Activity 2
$64,800
2,500
3,000
General Factory
$12,736
240
100
340
$92,023
The overhead cost per unit of Product B under the traditional costing system is closest to:
The Geranium Company paid dividends at the end of each year as follows: 20x0 $150,000, 20x1 $240,000, and 20x2 $560,000.
Taxpayer B has the following gains and losses from property transactions. What is the effect on the taxpayer's taxable income if Taxpayer B is
Charlotte sold her unincorporated business for $360,000 in 2008. The sales contract allocated $150,000 to equipment, $110,000 to land, and $100,000 to goodwill.
The quantity demanded falls to 300 units per week. Use the formula for arc elasticity to compute elasticity along this portion of the curve.
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Cannon Company is considering a capital project that will return $100,000 each year for five years. At the company's hurdle rate of 10%, the present value of the annuity is $379,100. If the return on investment in the first year is $37,910, what i..
Taxable Income Last Current Parent ($16,000) $20,000 Subsidiary 10,000 (21,000) How much of the Subsidiary loss can be carried back to last year?
They made major capital improvements through their 10-year ownership, which totaled $50,000. What is their recognized gain
Inventory carrying costs are estimated to be 15% per year. Estimated the annual cost savings as a result of the quality improvement.
Give the necessary entries for 2011 assuming all payments after the initial payment are made on December 31.
Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.
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