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1. HiTech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below.
The following information pertains to the three product lines for next year:
What is HiTech's pool rate for the material-handling activity?
What is HiTech's pool rate for the automated machinery activity?
Under an activity-based costing system, what is the per-unit overhead cost of Economy?
Under an activity-based costing system, what is the per-unit overhead cost of Deluxe?
Evaluate the effect that the new product line would have on the profitability of firm as a whole. Should division have produced crimping and waving iron?
Examine how the SOX framework can prevent business model fraud in managerial accounting and financial accounting.
Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000Average Accounts receivable 205,000 156,000
What is the amount of depreciation expense for each of the five using the straight line method and what is the amount of depreciation expense for each of the five years using the double declining balance method?
Joseph contributed $34,750 in cash and equipment with a tax basis of $8,800 and a fair market value of $12,000 to Berry Hill Partnership in exchange for a partnership interest. a. What is Joseph's tax basis in his partnership interest
On February 13, 2012, the property was sold for $40,000, payable in four yearly installments of $10,000 plus interest. Evaluate what is the amount of ordinary income to be reported from the sale?
A customer places 10 orders with a total direct cost of $3,000, orders 300 separate items, and makes 5 returns. Evaluate the customer be charged?
Watts and Zimmerman's 'The Demand and Supply of Accounting Theories: The Market for Excuses' suggested the 'normative' project of accounting academics and other social critics of corporate accounting practice to be invalid
Except the stock sale is an integral part of the incorporation plan
Explain the difference between the accrual basis of accounting and the cash basis of accounting. What are the major reasons for accrual accounting? How are revenues and expenses defined under accrual accounting?
List and explain three ways a firm can determine long-run prices - explain when each method would be most suitable and the strengths and weaknesses of each method.
Under FAS 123R, how would this transaction be reported in SAS's 12/31/09 year-end financial statements-would these terminated options result in some sort of an adjustment? If there is an adjustment, please make the appropriate entry or entries?
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