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2. Computer Information Services is a computer software consulting company. Its three major functional areas are computer programming, information systems consulting, and software training. Carol Birch, a pricing analyst in the Accounting Department, has been asked to develop total costs for the functional areas. These costs will be used as a guide in pricing a new contract. Birch assembled the following data on overhead from its two service departments, the Information Systems Department and the Facilities Department.
Required: Allocate the service department costs to the user departments using the step method.
SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon.its anticipates that it will cost $40 to place each order. the annual carrying cost $2 per gallon.
Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied.
Accounting and Partnership problems
On June 10, Easy Repair Service extended an offer of $95,000 for land that ha been priced for sale at $118, 500.
A product improvement effort is underway to improve the reliability of JAWS. The fabrication and installation of the modification kits required to incorporate this product improvement into fielded JAWS should be funded with:
What number of shares can be used in the computation of basic EPS for the year 2002?
Determine net cash flow from operations
Do a business proposition on a real or factious business from TN. with Acquired (state URL/probably the Secretary of State) the suitable organizational document templates.
Write the journal entries for 20X2 on BID's books related to its investment In TIC Corporation, using the equity method.
For each of the following errors, describe to a recently hired bookkeeper how it would be shown on a cash reconciliation: The bank recorded a deposit of $200 as $2,000. The company's bookkeeper mistakenly recorded a deposit of $530 as $350.
Discuss the relative importance of different classifications of assets to total assets. What additional information would you expect to find in the notes to the financial statements about major classification of assets?
Discount tables for several different interest (discount) rates that are to be used in any discounting calculations are given below. Assume for questions 2-6 that Hilltop is not subject to income taxes. If Hilltop requires investments to earn an 8% ..
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