Depreciation on the school musical instruments

Assignment Help Accounting Basics

Reference no: EM13120595

The Piedmont School of Music has hired you as a consultant to help in analyzing the behavior of the school's costs. Use the account-classification method of cost estimation to classify each of the following costs as variable, fixed, or semivariable. Before classifying the costs, choose an appropriate measure for the school's activity.

1.Cost of buying books, sheet music, and other academic materials that are supplied to the students by the school.
2.Repairs on musical instruments. The school employs a full-time repair technician. Repair jobs that are beyond the technician's capability are taken to a local musical-instrument dealer for repairs.
3.Fee charged by a local public accounting firm to audit the school's accounting records.
4.Salaries and fringe benefits of the school's full-time teachers.
5.Salaries and fringe benefits of the school's full-time administrative staff.
6.Wages of the school's part-time assistant recital instructors. These employees are hired on a temporary basis. For each student enrolled in the school's music programs, four hours of assistant instructor time are needed per week.
7.Depreciation on the school's musical instruments.
8.Rent for the building in which the school operates.
9.Electricity for the school. The school pays a fixed monthly charge plus $.10 per kilowatt-hour of electricity.

Reference no: EM13120595

Questions Cloud

Calculate the final temperature of the mixture : A 29.0-g sample of water at 260. K is mixed with 51.0 g water at 310. K. Calculate the final temperature of the mixture assuming no heat loss to the surroundings.

Moral development by cultural values of the organisation : Imagine yourself in a situation of being encouraged to inflate your expense account. Do you think your choice would be most affected by your individual moral development or by the cultural values of the organisation for which you work? Explain"

Eluciadte when does the police car catch the speeding car : A car is traveling 80 km/hr in a school zone. A police car starts from rest just as the speeder passes it and accelerates at a constant rate of 8 km/hr·s. Eluciadte when does the police car catch the speeding car?

Decision analysis with sample information or expected value : Decision analysis with sample information/expected value/utility analysis/quantitative methodsProblem:A television network has been receiving low ratings for its programs.

Depreciation on the school musical instruments : The Piedmont School of Music has hired you as a consultant to help in analyzing the behavior of the school's costs.

Penalty dispute with the epa : In May of 2009, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2009, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable.

Children''s literature : Evaluates the role children's literature should play in a pluralistic society • Is written in the form of a proposal (or an extended newspaper article) to a specific, identifiable audience on a specific, identifiable topic or theme

What is the union of sets x and y : what is the union of sets x and y b. what is the intersection of sets x and y c. create your own set z that is a subset of x

Quadratic formula and completing the square : Solve the equation x^2 + 8x - 2 = 0 using both-Write one paragraph describing which method you prefer and why.

User Account

All Pages