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Assignment 2: Discussion
Respond to the Discussion Area below:
You are an entrepreneur on the verge of starting a new company. Describe the company you are planning to start. Is it a service or a manufacturing company? What will be your main source of operating revenue? What expenses are you anticipating? Categorize your anticipated costs as period or product costs and identify whether each is an indirect or a direct cost. Identify your direct materials, direct labor, and manufacturing overhead costs.
Remember, the information you gather in this assignment will contribute to your final project due in Module 5.
Through the end of the module, provide substantive responses to at least two other students' initial posts.
Compute both direct labor cost and direct materials cost assigned to units completed and transferred out
Allocate the service department costs to the production departments using the current basis for cost allocation
What is the total amount invested (total paid-in capital) by all stockholders as of October 9?
An article in Cost Management, by Kocakulah, Bartlett, and Albin entitled "ABC for Calcu- lating Mortgage Loan Servicing Expenses" (July/August 2009, p. 36), discusses a use of ABC in the financial services industry.
Montana Co. has determined its year-end inventory on a FIFO basis to be $646,000. What should be the reported value of Montana's inventory?
A restaurant manager recently decided to change wine suppliers and switch to a supplier whose owner is a good friend. The first purchase order was for 15 cases.
The costs assigned to the land, which is used as a plant site, Determine the amount debited to Land, Land Improvements, and Building
Directions: Finance for Managers requires a final project in place of a final exam. The final project should demonstrate that you have achieved.
1. What are some accounting-related professions? 2. How do ethics rules affect auditors' choice of clients?
With regard to service efforts and accomplishments reporting, define the following terms.
Crowley Corporation has the following income during the current year: What is the amount of the corporation's taxable income
using the appropriate interest table provide the solution to each of the following four questions by computing the
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