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Amesbury Construction assembles residential houses. It uses a? job-costing system with two? direct-cost categories? (direct materials and direct? labor) and one? indirect-cost pool? (assembly support). Direct? labor-hours as the allocation base for assembly support costs. In December 2016?, Amesbury budgets 2017 ?assembly-support costs to be $8,500,000 and 2017 direct? labor-hours to be 170,000. At the end of 2017?, Amesbury is comparing the costs of several jobs that were started and completed in 2017. Problem 1: Compute the? (a) budgeted? indirect-cost rate and? (b) actual? indirect-cost rate. Why do they? differ? Problem 2: Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate.
The Rhodes Company has two operating divisions. The company evaluates the performance of its divisions using the return on investment (ROI) measure.
Prepare journal enteries to record completion of order when Job is charged with cost of defective work and Cost is not so charged
assume that three accountants have been selected to measure the net income of a firm under u.s. generally accepted
Solve the expected cash collections from customers for May. Calculate the expected cash disbursements for merchandise purchases for May.
Second is. Made two months van lease payment in advance $2400. Third is. Billed customers for cleaning upholstery $2680. Forth is. Received $1200 from the customers billed on august 21. Please tell me with debit and credit.
Journalize the transactions using a perpetual inventory system and post the transactions to T accounts. Be sure to enter the beginning cash and common stock balances.
Determine the Budgeted FOH based on actual hours, Budgeted FOH based on standard hours,Variable efficiency variance,Standard factory overhead
The company made 20,000 units and sold 18,000 units for $6.50 each. What was the amount of the company's net income for the first year?
Adnan Naeem Imports, If company uses the average cost method of allocating inventory costs, what would is the ending inventory for October?
Annual fixed expenses are $45 000 and the sales mix remains constant. How many units of Fancy must Maxie Pty Ltd sell to earn a target profit of $31 500?
Determine the materials price variance (amount and favorable or unfavorable)? Evaluate materials quantity variance (amount and favorable or unfavorable)? Determine the labor rate variance (amount and favorable or unfavorable)?
Calculate its days sales uncollected at the end of each year and evaluate and comment on any changes in the amount of liquid assets tied up in receivables.
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