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!
The management of Harrigill Corporation would like to have a better understanding of the behavior of its inspection costs. The company has provided the following data:
Direct Labor-Hours
Inspection Cost
March
5,650
$ 54,600
April
5,641
$ 54,473
May
5,679
$ 54,575
June
5,673
$ 54,461
July
5,633
$ 54,246
August
5,593
$ 54,028
September
5,690
$ 54,979
October
5,639
$ 54,484
November
5,256
$ 52,493
Management believes that inspection cost is a mixed cost that depends on direct labor-hours.
Required:
Estimate the variable cost per direct labor-hour and the fixed cost per month using the high-low method. (Do not round intermediate calculations. Round your final answers to two decimal places.)
Variable cost per direct labor-hour
$
Fixed cost per month
Review exercise calculate net income. At the beginning of the current fiscal year, the balance sheet of Cummings Co.
Garrett Corporation holds as a long-term investment available-for-sale stock securities costing $72,000. At December 31, 2011, the fair value of the securities is $66,000. Prepare the adjusting entry to record the securities at fair value.
epcott corp had sales of 480000 for the year ended december 31 2004. the beginning balance of accounts receiveable was
Your Division is considering two investment projects each of which requires an up front expenditure of $25 million. You estimate that the cost of capital is 10% and that the investments will produce the following after tax cash flows (in millions ..
IASB chairman David Tweedie has noted that current GAAP allows airlines' balance sheets to appear as if the companies don't have airplanes. How can this be true?
the appliance division of malone manufacturing company reported the following results for 2014sales
Using the information from RE8-10, calculate Carla Company's cost of goods sold for January and its January 31 inventory using the LIFO method.
For each of the situations, discuss the following and provide support for your conclusions: The type of accounting change. The manner of reporting the change under current generally accepted accounting principle. Where applicable, discuss how amounts..
on numerous occasions proposals have surfaced to put the federal government on the accruals basis of accounting. this
soap company issued 200000 of 8 5-year bonds on january 1 20x6. the discount on issuance was 12000. bond interest is
quick sale real estate company is planning to invest in a new development. the cost of the project will be 23 million
kathy myers frequently purchases stocks and bonds but she is uncertain how to determine the rate of return that she is
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