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Jake Miille has just joined the Ciudad Juarez factory (text example) as the new production manager. He was pleased to see the company uses activitybased costing. Miille believes he can reduce production costs if he reduces the number of machine setups. He has spent the past month working with purchasing and sales to better coordinate raw material arrivals and the anticipated demand for the company's products. In March, he plans to produce 1,000 mountain bikes and 200 racing bikes. Miille believes that with his efficient production scheduling he can reduce the number of setups for both mountain and racing bikes by about 50 percent. a. Refer to Exhibit 3.5. Compute the amount of overhead allocated to each product line-mountain bikes and racing bikes-assuming annual setups are reduced by approximately 50 percent. Assume the number of machine setups in March is seven setups for mountain bikes and 15 setups for racing bikes. Assume the overhead costs of setting up machines decrease proportionately with the reduction in the number of setups; thus, the setup rate remains at $2,000 per setup. All other overhead costs will remain the same. b. What information did activity-based costing provide that enabled Jake Miille to pursue reducing overhead costs? In general, what are the advantages of activity-based costing over the traditional volume-based allocation methods? What are the disadvantages?
1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.
At the end of Year 1, Cortex Company failed to accrue interest revenue of $3,200 that it had earned, but not received on an outstanding note receivable. Instead, it recorded the interest revenue in Year 2.
Russell (age50) and Linda (age45) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited. The business is operat..
The ability to add ghost employees to a company's payroll system is often the result of a breakdown in internal controls. What internal controls prevent an individual from adding fictitious employees to payroll records?
Describe or define and discuss a type of bond
to purchase a new car you borrow 25500. a car dealer offers a 5 year loan at the interest rate of 4 compounded
sipan retail company was recently created with a beginning cash balance of 12000. the owner expects the following for
herbal care corp. a distributor of herb-based sunscreens is ready to begin its third quarter in which peak sales occur.
Determine the stakeholders who are harmed by increasing the estimates and analyze how they will be harmed.
assume that a company buys land with a building on it for 1500000. at the time of purchase the company planned to tear
Office supplies of $900 were purchased on account to be used infuture months. One part of the accounting entry to record this event in the accounting system would be to:
the break even or cost volume profit cvp model is based on a number of assumptions. discuss these assumptions and
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