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Question: 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 5,016,000 copies:
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 4,816,000 copies were made during the year, 2,510,400 for sales and 2,305,600 for administration, calculate the copy department costs allocated to sales and administration.
Using your textbook, the and the Internet, conduct research to discuss the transfer pricing regulations and select a recent case of transfer pricing.
Dalton Construction Co. contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to the construction are:
Robinson Computers makes 5,700 units of a circuit board, CB76, at a cost of $230 each. Variable cost per unit is $180 and fixed cost per unit is $50.
Net income (or net loss) during 2010, assuming that as of December 31, 2010, assets were $960,000, liabilities were $156,000, and no additional capital stock was issued or dividends distributed.
the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping
Amber invested $250 in shares of a mutual fund (TSN) every month starting Jan. 1, 2016 until Dec. 31, 2016. How many shares did she buy in total
Zio Pty Ltd (Zio) was registered in 2006. Angus and Max are its only shareholders and directors. Zio's constitution provides that Clare is to be Zio's solicitor. Clare is Max's wife, but after marriage difficulties they have recently separated.
Price discounts are commonly used in the business world as incentives for customers. How is it that this practice (or its misuse) may be deemed unethical?
Axelrod Company has a piece of equipment that was acquired for $600,000. What is the balance in Accumulated Depreciation for this equipment at the end of 7 year
Assume cash paid to suppliers for the current year is $350,000, merchandise inventory increased by $5,000 during the year, and accounts payable decreased by $10,000 during the year. What was the cost of goods sold for the current year?
A $500,000 bond issue on which there is an unamortized discount of $30,000 is redeemed for $475,000. Journalize the redemption of the bonds
sarah homebody would like to buy a house. she believes she will need a downpayment of 60000. if she intends to buy a
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