Determine the administrative costs calculated

Assignment Help Accounting Basics
Reference no: EM13135014

Scudder company has two operating departments: mixing and forming. Mixing has 240 employees and occupies 22,000 ft². Forming has 80 employees and occupies 18,000 ft². Indirect factory costs for the current month are: administrative, $860,000; and maintenance, $200,000. Administrative costs are allocated to operating departments based on the number of workers. Determine the administrative costs calculated to each operating department.

Reference no: EM13135014

Questions Cloud

What is the net present value of the proposed new assembly : SCC Bhd needs $4 million to built a new assembly line. The target debt to equity ratio is 1.0. It is expected to generate after tax cashflow of $500,000 per tear forever.
What is the cost of the goods in process inventory on march : They represent jobs that have been worked on during March of the current year. This table summarizes information provided on each sheet: What is the cost of the goods in process inventory on March 31?
Find estimating fractions of a cost : Estimating fractions of a cost, Estimate what fraction of the price of a pocket calculator is required to cover the cost of developing the product.
Hardware lease proposals : Suppose you are studying two hardware lease proposals. Option 1 costs $4,000,but requires that the entire amount be paid in advance.
Determine the administrative costs calculated : Determine the administrative costs calculated to each operating department.
Compute the net present value of each project : a salvage value of zero, and is expected to increase net annual cash flows by $46,460. A discount rate of 9% is appropriate for both projects. Compute the net present value of each project.
Please write "reflections on my writing." : please write "Reflections on my writing." In your reflection, consider the following questions: How has your writing improved since the beginning of this semester? What strengths do you have as a writer? What areas of your writing will you want to fo..
What is the specific heat capacity of the metal : A piece of metal of mass 22 g at 92C is placed in a calorimeter containing 53.7 g of water at 21C. The final temperature of the mixture is 55.3C. What is the specific heat capacity of the metal?
Turbofan engine on a test stand in the maintenance : The explanation provided below, provide the solution to the problem in simple and easy to understand steps. A turbofan engine on a test stand in the maintenance shop is being run at a continuous setting of 22,700 lbs of thrust. The TSFC is 0.5 lbs/..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain what is meant by the test data approach

Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.

  Journal entry for issuance of bonds

Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009.

  Why does the tax law provide favorable treatment

The tax law provides very favorable tax treatment for long term capital gains. First, explain what that favorable treatment is. Second, why? Why does the tax law provide favorable treatment for long term capital gains? Do you agree that they shoul..

  Warranty expenditures during the year

In the current year, Hanna Company reported warranty expense of $183,000 and the warranty liability account increased by $28,000. What were warranty expenditures during the year?

  Consolidated earnings per share

Why is it not possible simply to add together the separately computed earnings per share amounts of individual affiliates in deriving consolidated earnings per share? Explain.

  Determining audition and sampling

What are some ways that auditors can be sure that the sample sizes will be fair enough to provide a look at internal controls, yet comprehensive enough to detect any irregularities? Is there a way?

  Discuss how you will report the breach

Assume that you are a key member on an audit engagement team and discover a breach in internal controls. Discuss how you will report the breach and your expectations of management for a resolution to the breach.

  Preparing a retained earnings statement

It declared and paid a dividend of $21,000 as a cash dividend. In 2010, the company recorded and adjustment of $10,000 due to the understatement (from a math error) of 2009 depreciation. Prepare a retained earnings statement for the year ending De..

  Which of the following statements is accurate

A tract of land was distributed by MNO Inc. to its sole shareholder, Martha, as a dividend. At the time of the distribution, MNO Inc.'s adjusted basis in the land was $40,000, the fair market value of the land was $80,000, and the land was encumbe..

  Determining long term investments

Dogwood City's water enterprise fund received interest of 10,000 on long term investments. How should this amount be reported on the statement of cash flows?

  Joint income tax return

Greenbacks Bank also gave Doug and Pattie a cellular phone (worth $100) for opening the savings account. What amount of interest income should they report on their joint income tax return?

  Company first-year net income

How much higher (or lower) would the company's first-year net income have been if absorption costing had been used rather than variable costing? Show computations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd