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A company has two products: A and B. It uses activity-based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activity cost pools:
Annual production and sales level of Product A is 78,500 units, and the annual production and sales level of Product B is 25,700 units. What is the approximate overhead cost per unit of Product B under activity-based costing?
A.are reported as current assets B.include cash equivalents C.do not include equity securities D.all of the above
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What criteria of an "Investment in Stock" can be categorized as long term investment (Long term investment) and what the long-term investment objectives in the form of shares issued by another company?
In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?
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