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Questions -
Q1) Ocean City Kite Company manufactures & sells kites for $8,50 each. The variable cost per kite is $4,00 and the breakeven point is 75 000 kites. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs.
Q2) Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.) Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Computer Operations has costs of $200 000 and Maintenance Services has costs of $100 000 before any allocations. What amount of Maintenance Services total cost is allocated to the Mixing Department?
Computer Operations 4
Maintenance Services 4
Mixing Department 5
Packaging Department 8
Q3) Towson Company manufactures book cases, and each requires 14 board feet of lumber. Towson expects that 1 500 and 1 850 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 30% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June.
The ratios and turnovers of a selected group of competitive companies normally are the best bases of comparison for analyzing financial statements True or False
Which of the statements is true of profit centers? These are responsibility centers that have responsibility over investment in assets.
Pargo company budgeted selling expenses, Prepare a static selling expense report that compares budgeted and actual amounts by month and for the year to date
Prepare all relevant T-accounts. Salaries and wages cost incurred: Direct labor cost $60,000, indirect labor cost $30,000 and sales salaries $25,000.
Why think is or is not applicable for a service-based company to use activity-based costing?Do you think activity-based costing can be used by non-manufacturing
Lanning Company sells 160,000 units at $45 per unit. Determine the contribution margin ratio, the unit contribution margin, and income from operations.
What percentage increase in unit sales to happen at the lower price of $7.00 to provide the same profit being earned a price of $8.00?
The facility rented, ABC Company wishes to realize Php125,000 in savings annually. To achieve this goal, the minimum annual rent on facility must be
1.In 2013, Dakota Company had net sales (at retail) of $ 260,000.
The interest rate is 4.0% per year. How much interest expense will be paid on August 31, 2018? (Round your answer to the nearest whole dollar.)
Explain how the Cost of Goods Sold and Operating Expenses impact the Internal factors (strengths & weaknesses) and External factors
How is variance analysis used by management in order to determine the issues that must be addressed by management. What are variable budgets?
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