Allocated to the products made in floor mats department

Assignment Help Financial Accounting
Reference no: EM13866529

Saylind Molding paid $280,000 in rent for the year. The company's three departments are Headrests, Armrests, and Floor Mats. The accountant has identified two possible cost drivers. The number of employees in each department and the square footage of space occupied by each department. The number of employees working in each department includes 60 in the Headrest Department, 30 in the Armrest Department and 110 in Floor Mats Department. The departments occupy 5,000, 6,300, and 2,700 square feet, for Headrests, Armrests, and Floor Mats respectively. How much of the rent cost should be allocated to the products made in the Floor Mats department?

$ 54,000

$100,000

$126,000

$128,000

Reference no: EM13866529

Questions Cloud

What is the income earned for platters : The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters and cups. TSC incurred $40,000 of materials cost and $44,000 of labor cost to produce the sil..
A job-order cost system is employed in those situations : A job-order cost system is employed in those situations where
Under the fifo method-unit costs would : Under the FIFO method, unit costs would:
Cash retainer for accounting services to be provided rate : On January 1, the Biddle & Biddle, CPAs received a $7,500 cash retainer for accounting services to be provided rate ably over the next 3 months. The full amount was credited to the liability account Unearned Service Revenue. Assuming that the revenue..
Allocated to the products made in floor mats department : Saylind Molding paid $280,000 in rent for the year. The company's three departments are Headrests, Armrests, and Floor Mats. The accountant has identified two possible cost drivers. The number of employees in each department and the square footage of..
How many units were completed in february : Ralph Inc. manufactures desks. The following data was given for production in February: How many units were completed in February?
Method of accounting will clearly reflect taxable income : GAAP usually requires the use of accrual accounting to "fairly present" income. If the cash receipts and disbursements method of accounting will "clearly reflect" taxable income, why does this method not usually also "fairly present" income?
Non controlling interest in its income statement : Lebron Co. owns most but not all of the shares of its subsidiary Bryant Inc. ebron reported net income of $124,700. The amount to be attributed to the non controlling inert in Bryant is $30,000. Indicate how Lebron will report the non controlling int..
The partial income statements : Refer to RE23-2. Assume Heller Company had sales revenue of $510,000 in Year 1 and $650,000 in Year 2. Prepare the partial income statements

Reviews

Write a Review

Financial Accounting Questions & Answers

  Given company nike sportsset up 8 different scenarios word

given company nike sportsset up 8 different scenarios word problems that will result in basic journal entries such as

  Journalizing the transaction of stock issue for cash and

journalizing the transaction of stock issue for cash and asset.tyler corporation has 100000 shares of 40 par value

  Prepare a statement of unrestricted revenues

Prepare a Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets together with a Statement of Changes in Net assets.

  Develop the objective function and constraints

There is a maximum demand of 175 units per day for product A. Develop the objective function and constraints.

  What is cash from operations after fixing this mistake

A company put together a preliminary version of its financial statements. Its Net Income was $300, its Depreciation Expense was $80, and its Cash Flow from Operations was $190. The accountant found an error in computing straight-line Depreciation Exp..

  Entry to adjust the balance in deferred tax assets

At the end of December 2013, Rosenfeld Co. had $10,000 of Deferred Tax Assets related to its Allowance for Doubtful Accounts. In response to low public approval ratings (and after a particularly boisterous holiday party), the US Congress passed a law..

  Indicate the effect of each of the foregoing items

Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity. Present your answer in tabular form with the following columns. Use (I) for increase, (D) for decrease, and (NE) for no effect. Item no. 1 is given ..

  What is the amortization amount for every intangible asset

What is the amortization amount for every intangible asset in the existing year?

  Why faital company acquire computer from plato corporation

On December 31, 2014, Faital Company acquired a computer from Plato Corporation by issuing a $640,800 zero-interest-bearing note, payable in full on December 31, 2018. Faital Company's credit rating permits it to borrow funds from its several line..

  Basic earnings per share

Exercisable at the option price of $25 per share: average market price in 2011, $30 84000 shares instructions compute (a) basic earnings per share, nd (b) diluted earnings per share.

  Comprehensive income statement for the year ended

Held for Sale and Discontinued Operations requires companies to disclose results for both continuing and discontinued operations - Prepare for Vroom plc a Comprehensive Income Statement for the year ended 31 March 2011

  Irrelevant to the value of the firm

It can be argued that whether a company pays or does not pay dividends; it is irrelevant to the value of the firm. State some of those arguments do you concur with these arguments or do you disagree?

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