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A department store apportions payroll costs on the basis of the number of payroll checks issued. Accounting costs are apportioned on the basis of the number of reports. The payroll costs for the year were $231,000 and the accounting costs for the year totaled $75,500. The departments and the average cost of store equipment and average cost of inventory for each are as follows:
................Number of............. Number of................Payroll Checks........... Reports
Dept R......... 483...................... 70Dept S ........1,470.................... 85Dept T......... 147..................... 345
Determine the amount of (a) payroll cost and (b) accounting cost to be apportioned to each department.
The company also makes its disbursements from remote disbursement centers so checks written by City Farm take longer to clear the bank. Collection time has been reduced by two days and disbursement time increased by one day because of these polici..
large corporation acquired and placed in service the following 100 business-use assets. large did not elect sec. 179
the following selected data were taken from the financial statements of the sigemund group inc. for december 31 2010
Briefly explain the significance of the acquisition date and the date of exchange and outline how the consideration (in a business acquisition) is calculated when the acquisition of the target company is carried out in stages.
zellars inc. is considering two mutually exclusive projects a and b. project a costs 95000 and is expected to generate
a 3-year bond provides a coupon of 8 semiannually and has a cash price of 104. what is the bonds
you purchased an mri scanner two years ago for 2.0 million. the mri has a 5-year depreciable life with no salvage
Compute the number of regular cruises and executive cruises
Use the following information to answer the question below: Assuming 360 days in a year for simplicity, calculate target EPS adjusted to acquirer FYE in the transaction year (FYE June 2008):
sindler corporation sold 3000 units of its product at a price of 13 per unit. total variable cost per unit is 7.50
Prepare a letter to your client that would be accepted by an Australian accounting firm or business as ‘envelope-ready’, that is, ready to be sent to the client. This requires correct accounting information in an appropriate form of communication.
xyz company has the following product costs for its line of product a direct materials 10 direct labor 8 variable
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