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1. Why is the dual rate charging method better than the single rate method? In what circumstances would it not matter whether dual or single rates were used?
2. Please provide some possible reasons to allocate support department costs
3. Explain how the three methods of departmental cost allocation differ. Which method is the most preferred and why?
4. Consider a company with two operating departments and one support department. The support department distributes its costs to the operating departments on the basis of the number of employees in each department. If the costs in the support department are fixed, what effect would the addition of employees in one department have on the costs allocated to the other department?
brown cow dairy uses the aging approach to estimate bad debt expense. the balance of each account receivable is aged on
on january 1 2014 offshore corporation erected a drilling platform at a cost of 5420142. offshore is legally required
The board of directors declared and paid a $6,000 dividend in 2009. In 2010, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2010?
handy home sells windows and doors in the ratio of 73 windowsdoors. the selling price of each window is 105 and of each
tram manufacturing is starting business and is unsure of whether to sell its product assembled or unassembled. the unit
presented below are the financial balances for the atwood company and the franz company as of december 31 2009
a company produces a single product. last year the company had a net operating income of 89000 using absorption costing
Charles Chadwick opened a business called Charlie's Detective Service in January 20--. Set up T accounts for the following accounts: Cash; Accounts Receivable; Office Supplies; Computer Equipment; Office Furniture.
Gregor Inc. uses the LIFO cost-flow assumption to value inventory. Inventory for Gregor on January 1, 2011 was 100 units at a LIFO cost of $25 per unit. During the first quarter of 2011, 200 units were purchased costing an average of $40 per unit, an..
for all questions complete this part first. draw a demand and supply graph. be sure to label the vertical y axes as
Interest. A company issues a $300,000, 10 percent, 20-year bond. The tax rate is 40 percent. What is the after-tax semiannual interest dollar amount?
Compute the unit cost for each department. Compute the total unit cost for the Milo Company order. The selling price for this order was $14 per unit. Was the selling price adequate? Compute the prime costs and conversion costs per unit for each depa..
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