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1. HiTech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below.
The following information pertains to the three product lines for next year:
What is HiTech's pool rate for the material-handling activity?
What is HiTech's pool rate for the automated machinery activity?
Under an activity-based costing system, what is the per-unit overhead cost of Economy?
Under an activity-based costing system, what is the per-unit overhead cost of Deluxe?
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Purpose the cash flows from the operating activities
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Jed wants to know whether he can claim a deduction under section 179 on his 2013 income tax return for the costs incurred in 2009 with respect to planting the vineyard and can someone please let me know if there are deductions that he can claim?
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Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%. Evaluate the residual income?
Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.
Record the December business transactions on the cash receipt journal.
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