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Question: (Setting prices for an Internal Service Fund) Yorktown uses an Internal Service Fund to account for its motor pool activities. Based on the following information, calculate the price per trip that the Internal Service Fund needs to charge users of the motor pool during calendar year 2013 in order to break even: Automobiles: The motor pool uses two sedans, each costing $25,000 and each estimated to have a 5-year life when they were acquired in 2012. Driver salaries: The motor pool has a driver-administrator, who earns $45,000 a year, and a driver, who earns $35,000. The city uses a rate of 30 percent (to cover pensions and other payroll fringe benefits) for planning purposes. Insurance: In 2012 the city purchased a 3-year automobile accident policy at a cost of $3,000. Fuel and maintenance costs: Based on experience, the driver-administrator estimates that total fuel and maintenance costs for the year will be $5,000. Billing units: To simplify record keeping, the fund charges a fixed price per trip. Yorktown's budget office estimates that 800 trips will be taken in 2013.
figure 4-6. xeller company makes electronic keyboards. the practice model price is 220 and variable expenses are 190.
Smith, Inc. anticipates sales of 50,000 units, 48,000 units and 51,000 units in July, August and Septemeber, respectively. Company policy is to maintain an ending finished-goods inventory to 40% of the following months sales.
Indicate the amount the customer owes on the contract at the end of the first year.
the lansing community college registrars office is considering replacing some canon copiers with faster copiers
lanchard company manufactures a single product that sells for 250 per unit and whose total variable costs are 200 per
amantha, an executive, has AGI of $100,000 before considering income or loss from her miniature horse business. Her outside income comes from prizes for winning horse shows, stud fees, and sales of yearlings. Samantha's home is on 20 acres, half ..
From this information, compute the equivalent units of production for direct materials and conversion costs for the month. Use the FIFO costing method.
It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?
this one is stalling me. if you are able to help me with the answer can you please explain how to figure it?norvell
rocko inc. has a machine with a book value of 50000 and a five year remaining life. a new machine is available at a
Prepare the journal entry to record the impairment of the asset at December 31, 2017. The company does not use accumulated amortization accounts
provide one reason for instituting performance-based pay at an organization and one reason why it might not be
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