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It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 576,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are: cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $460,800 and $806,400 is allocated to the design cost pool. Additional information related to these pools is as follows.
Wool Cotton TotalMachine hours 128,000 128,000 256,000Number of setups 1,280 640 1,920
Calculate the overhead rate using activity based costing and then calculate if the traditional approach were used.
There are three partners in Stewart Enterprises: Stewart, Tedder and Armstrong. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners.
On January 1, 2009, the balance in Great Lakes Co.'s Allowance for Bad Debts account was $5,200. During the year, a total of $3,500 of delinquent accounts receivable were written off as bad debts. The balance in the Allowance for Bad Debts account..
you have been assigned the task of testing the accuracy of the final inventory compilation for mt. hood furniture. you
for many years diehl company has produced a small electrical part that it uses in the production of its standard line
Compute the annual depreciation charges for machine under the double-declining-balance method.
batpro makes metal baseball bats. each bat requires 1 kg. of aluminum at 20 per kg. and 0.50 direct labor hours at 16
lytherma construction entered into a contract to construct a floating bridge across a lake. the contract price for the
the debits to work in process--assembly department for april together with data concerning production are as
The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $70 per share. The entry to record the transaction will consist of a debit to Cash for $700,000 and a credit or credits to:
a company has two products a and b. it uses activity-based costing and has prepared the following analysis showing
The December 31, 2010, balance sheet of the DIP General Partnership is as follows:
What yield to maturity is the bond offering
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