Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Clare's Super Cake Company makes very elaborate wedding cakes to order. The company's owner, Clare Cole, has provided the following data concerning the activity rates in its activity-based costing system: Activity Cost Pools Activity Rate Guest related $0.90 per guest Tier related $34.41 per tier Order related $150.00 per order The measure of activity for the size-related activity cost pool is the number of planned guests at the wedding reception. The greater the number of guests, the larger the cake. The measure of complexity is the number of cake tiers. The activity measure for the order-related cost pool is the number of orders. (Each wedding involves one order.) The activity rates include the costs of raw ingredients such as ?our, sugar, eggs, and shortening. The activity rates do not include the costs of purchased decorations such as miniature statues and wedding bells, which are accounted for separately. The average wedding has 125 guests and generally requires a three-tiered cake. Data concerning two recent orders appear below: Sacks Wedding Gemmel Wedding.
What amount would the company have to charge for the Sacks wedding cake to break even on that cake? Assuming that the company charges $650 for the Gemmel wedding cake, what would be the overall gross margin on the order? Letitia White wants to order a special cake for her 25th wedding anniversary cel- ebration. She wants the cake to be four tiers but, in addition, would like 20 special ?owers added to the top of the cake, which requires very intricate detailing instead of purchased decorations. White expects that attendance at the anniversary party will be 200 people. If Cole decides to charge $5 for each special ?ower, which price should she quote? What price should be charged if the company wants to make an overall gross margin of 35 percent on the White order? Suppose that the company decides that the present activity-based costing system is too complex and that all costs (except for the costs of purchased decorations) should be allocated on the basis of the number of guests. In that event, what would you expect to happen to the costs of cakes for receptions with more than the average number of guests and for receptions with fewer than the average number of guests? Explain your answer.
Frank has no pension but has saved a considerable amount, which he has invested in certificates of deposit (CDs) at his bank. Currently, Frank's CDs pay him interest of $2,300 per month.
Events in the world of corporate finance during the past few years have shown the importance of transparent and accurate financial reporting by businesses.
a corporation adopted the doalr value lifo method of inventory valuation on dec 31 2011. its inventory at that date was
Prepare the assets section of a classified balance sheet, listing the items in proper sequence and including a statement heading.
kenneth invernesss weekly gross earnings for the week ending december 18 were 2480 and his federal income tax
caleb company uses the retail inventory method to determine inventory cost for financial reporting purposes. they have
goodhue company produced 1200 units of its only product last month. the companys employees were paid a total of 221400
tannwin co. sells a new product called accountomatic and has predicted the following sales for the first four months of
Perdisco platform managing general entries of basic accounts
ivy industrial packing co purchased a packing machine for 950000 at the beginning of 2009. the robot has an estimated
Assume the same facts as CP12- 4, except for additional data item (a) and the income statement. Instead of item (a) from CP12- 4, assume that the company bought new golf clubs for $ 3,000 cash and sold existing clubs for $ 1,000 cash. The clubs that ..
in the following independent situations indicate the effect on taxable income and e amp p stating the amount of any
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd