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Dean Corporation has two service departments, Power and Maintenance, and two production departments, Painting and Polishing. The following data have been estimated for next year’s operations: Department: Direct Charges Kilowatt Hours Used Square Footage Power $450,000 20,000 10,000 Maintenance 120,000 50,000 5,000 Painting 235,000 100,000 30,000 Polishing 265,000 150,000 20,000 Requirements: (1) a) For which service department would you use kilowatt hours to allocate service costs.
b) For which service department would you use square footage to allocate service costs.
(2) Distribute the service department costs using the direct distribution method. (3) Prepare the journal entries to distribute the costs of the service departments to the production departments given the results of your calculations.
multiple choice questions on strategic financial planning.1.nbspthe strategic financial plan rests which of the
Difference between ending inventory valuation and cost of goods sold - compute ending inventory and cost of goods sold under each method, and then compare results.
Evaluate the total product cost for the year. Evaluate the total cost of the ending inventory. Evaluate the total of cost of goods sold.
Assume that you will have a 10-year, $12,000 loan to repay when you graduate from college next month. The loan, plus 5 percent annual interests on the unpaid balance, is to be repaid in 10 annual instalments of $1,554 each, beginning one year after y..
Compute the net realizable value at the end of 20X1 and 20X2 as a percentage of respective year-end receivables balances. Analyze your findings and comment on the president s decision to close the credit evaluation department.
Show how the Northern Tier Mine, and its accumulated depletion, would appear in Salter Mining Company’s balance sheet after the first year of operations.
Evaluate the company's break-even point in number of widebody passenger jets and in dollars of sales.
Calculate the value of y?, which is the value of the secant line at x?, using the formula y? = ?f(xA) (1 ? ?)f(xB). (c) Prove that the above function is strictly concave by demonstrating that f(x?) > y?.
Lane French had a bad credit rating and went to a local cash center. He took out a $116 loan payable in two weeks at $132. What is the percent of interest paid on this loan?
Budgeting involves computation of budgeted purchase - Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.
Submarine Corp., earned a net income of $110,000 for 2011. Submarine's books included the following figures: Preferred stock, 2%, $30 par, 1,000 shares issued and outstanding - $30,000. Common stock, $1 par, 52,000 issued - $52,000. Compute Submarine..
Determine amount of interest to be capitalized in 2010 in relation to the construction of the building. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2010.
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