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Question - Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The company's accountant concluded that the year's building depreciation should be allocated as follows: selling activities, 30%; administrative activities, 40%; and manufacturing activities, 30%. If Tempest sold 60% of 20x1 production during that year, what percentage of the depreciation would appear (either directly or indirectly) on the 20x1 income statement?
What direct materials quantity variance for last month was?The per-unit standards for direct materials are 2 gallons at $4 per gallon.
In addition to writing your own post, you are encouraged to comment on one or two posts by others. What do think of the assumptions and conjectures?
Calculate the net present value and profitability index of each machine. Assume an 8% discount rate. Which machine should be purchased?
Department are estimated at R80,000 while those in the Assembly department are estimated at R160,000. The factory overhead rate for the Cutting department is
Under the pre-2019 accounting standards, which of the following is not a condition requiring the use of the capital lease reporting method?
What is the company reporting about near term trends in revenue/growth/earnings?
How does company manage and develop this value (Through advertising/ branding/ innovation/ acquisition of legal rights/takeover activity of competitors in recent years?)
Production was 40 units per year in 2018-2020. Sales were 40 units in 2018, 36 units in 2019, and 44 units in 2020. Income under variable costing for 2019 is
At 1 July 20X1, Cook considered Zac Ltd had unrecorded licenses with a fair value of $1,500,000. What was the cost of acquisition
Prepare a schedule that shows the gross margin for both products and identify the formula labels, then compute the allocated production support cost.
Arctic Cat is a manufacturer. It is said that: Activity based costing is only useful for manufacturing companies. Is this a true statement? Explain.
A company's static budget, What would be the total overhead costs according to the flexible budget if 12,000 units were produced and sold?
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