Matrix company has a maintenance department that maintains

Assignment Help Accounting Basics
Reference no: EM13595897

1.Matrix Company has a Maintenance Department that maintains the machines in departments A and B. Next year Department A is budgeted to have 6,000 machine-hours of activity and Department B is budgeted to have 24,000 machine-hours. Fixed costs in the Maintenance Department are budgeted at $60,000 per year and are incurred in order to support peak period activity. Department A requires 25% of the peak period capacity and Department B requires 75% of the peak period capacity. How much of the fixed cost of the Maintenance Department should be charged to Department B?

a. $45,000

b. $30,000

c. $48,000

d. $60,000

2.Bonniwell Corporation has two divisions: the Delta Division and the Alpha Division. The Delta Division has sales of $620,000, variable expenses of $359,600, and traceable fixed expenses of $229,200. The Alpha Division has sales of $820,000, variable expenses of $541,200, and traceable fixed expenses of $172,900. The total amount of common fixed expenses not traceable to the individual divisions is $122,000. What is the company's net operating income?

a. $539,200

b. $15,100

c. $137,100

d. $417,200

Reference no: EM13595897

Questions Cloud

As copyrights expire and decrease in their usefulness the : as copyrights expire and decrease in their usefulness the cost of this asset is systematically allocated to expense
Matrix company has a maintenance department that maintains : matrix company has a maintenance department that maintains the machines in departments a and b. next year department a
The solubility of co2 in water at 25 degree celsius and 1 : the solubility of co2 in water at 25 degree celsius and 1 atm is 0.034 moll. what is its solubility at a partial
Beach realty rents a factory building for 20 years at an : beach realty rents a factory building for 20 years at an annual rental rate of 42000 beginning june 1 2004. the lease
Matrix company has a maintenance department that maintains : 1.matrix company has a maintenance department that maintains the machines in departments a and b. next year department
The molar enthalpy of vaporization of propane is 157 kjmol : the molar enthalpy of vaporization of propane is 15.7 kjmol. at 1.00 atm pressure propane boils at 231.1 k. at what
A gas with a pressure of 133 atm is transferred to a : a gas with a pressure of 1.33 atm is transferred to a container with twice the volume and the temperature was tripled.
The smiley corporation has determined that the balance in : the smiley corporation has determined that the balance in its prepaid insurance account at the end is 400. prepaid
On december 31 2004 the account unearned rent revenue had a : on december 31 2004 the account unearned rent revenue had a balance of 3300 on the books of joliet corporation after

Reviews

Write a Review

Accounting Basics Questions & Answers

  Expected return and standard deviation

Suppose Asset A has an expected return of 10% and a standard deviation of 20%. Asset B has an expected return of 16% and a standard deviation of 40%. I f the correlation between A and B is 0.35, what are the expected return and standard deviation ..

  Another manufacturer has offered to supply speed quest with

speed quest inc. manufactures speed boats. currently the company manufactures its own engine for the boats at the

  Investment income and the ending balance

Calculate the investment income and the ending balance in the investment account on the balance sheet for ABC Company on December using the cost method.

  Prepare necessary entries for current fiscal year

Assume that the County of Katerah maintains its books and records in a manner that facilitates preparation of the fund financial statements. Prepare the necessary entries for the current fiscal year.

  Illustrate out the term accounting entity what are

1. what is an accounting entity?2. what are the two most crucial aspects of this accounting entity

  Njombe corporation manufactures a variety of products in

njombe corporation manufactures a variety of products. in the past njombe has been using a traditional costing system

  Assume that the oregon ice cream company is considering the

assume that the oregon ice cream company is considering the costs of two of their product lines - ice cream sandwiches

  Prepare the journal entries to record

Larry Byrd, Inc., spent $68,000 in attorney fees while developing the trade name of its new product, the Mean Bean Machine. Prepare the journal entries to record the $68,000 expenditure and the first year's amortization, using an 8-year life.

  Total sales for the past year

The commission is 8.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were $29,000. Compute:

  Why are the notes significant for understanding an

1. why are the notes significant for understanding an organizations financial statement?2. what types of

  Partnership profit for 2013 should be assigned to partners

The partnership agreement of Jones, King, and Lane provides for the annual allocation of thebusiness's profit or loss

  Prepare a statement of revenues expenditures and changes in

capital project transactions. in 2011 falts city began work to improve cer-tain streets to be financed by a bond issue

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