Aex companys copy department which does almost all of the

Assignment Help Accounting Basics
Reference no: EM13588798

Apex Company's copy department, which does almost all of the photocopying for the sales department and the administrative department, budgets the following costs for the year, based on the expected activity of 5,014,700 copies:

Salaries (fixed)
$109,600
Employee benefits (fixed)
12,600
Depreciation of copy machines (fixed)
12,900
Utilities (fixed)
5,700
Paper (variable, 1 cent per copy)
50,147
Toner (variable, 1 cent per copy)
50,147

 

The costs are assigned to two cost pools, one for fixed and one for variable costs. The costs are then assigned to the sales department and the administrative department. Fixed costs are assigned on a lump-sum basis, 40 percent to sales and 60 percent to administration. The variable costs are assigned at a rate of 2 cents per copy.

Assuming 4,814,700 copies were made during the year, 2,499,600 for sales and 2,315,100 for administration, calculate the copy department costs allocated to sales and administration.

Costs allocated to sales
$Entry field with incorrect answer now contains modified data
Costs allocated to administration
$Entry field with incorrect answer now contains modified data

Reference no: EM13588798

Questions Cloud

Consider an lc circuit with l340 henrys and c0180 farads : consider an lc circuit with l.340 henrys and c.0180 farads. the capacitor is initially charged to q 76.0 millicoulombs.
A 500 g mass hangs at the end of a 40 cm long string it is : a 500 g mass hangs at the end of a 40 cm long string. it is struck by a 250 g mass moving at 0.5 ms to the right.
A gass has 100 j of energy in the form of heat is : question a gass has 100 j of energy in the form of heat is transfered to a system and the system does 150 j of work
What is the maximum acceleration of the table without the : a shaker table is a tool used in engineering tests to find out how a device responds to vibrations. it is simply a
Aex companys copy department which does almost all of the : apex companys copy department which does almost all of the photocopying for the sales department and the administrative
Two wires a and b made of the same material and having the : two wires a and b made of the same material and having the same lengths are connected across the same voltage source.
How do the percent of revenue method and the percent of : how do the percent of revenue method and the percent of receivables method to estimate uncollectible accounts expense
When the project concludes in four years the working : oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the companys discount
An object on a horizontal spring oscillates with a period : an object on a horizontal spring oscillates with a period of 1.20 s and an amplitude of 10.0 cm. at t 0 s the object

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd