• Q : Minimum transfer price for heating division of ita....
    Accounting Basics :

    What is the minimum transfer price that the heating division should accept? I don't understand what to do with the variable cost 24$/unit.

  • Q : Mortgage interest deduction....
    Accounting Basics :

    Julia owns a principal residence in California, a condo in New York City, and a houseboat in Florida. All of the properties have mortgages on which Julia pays interest. What are the limitations on J

  • Q : Tax issues of partnership....
    Accounting Basics :

    Problem: Emily and Richard are interested in purchasing a large 140-unit apartment complex using a partnership. They are wondering the general advantages and disadvantages of partnership formation,

  • Q : Direct material performance variance....
    Accounting Basics :

    Use cost information in 1) above. In August, the actual direct material costs were $24,000 and Aspen produced and sold 90,000 widgets. The direct material performance variance (difference) is?

  • Q : Short-term and long-term disability income plans....
    Accounting Basics :

    Problem: Please compare and contrast short-term and long-term disability income plans.

  • Q : Personal income tax and revenue forecasting....
    Accounting Basics :

    When the Soviet Union bloc broke up in the early 1990's, the Republic of Vadar declared its independence. As the country established a monetary system, democratic processes, and a controlled fiscal

  • Q : Variable or absorption costing for bianca bicycle company....
    Accounting Basics :

    Bianca Bicycle Company manufactures mountain bikes with a variable cost of $208. The bicycles sell for $390 each. Budgeted fixed manufacturing overhead for the most recent year was $3,080,000. Plann

  • Q : Benefit on nondiscriminatory basis....
    Accounting Basics :

    A) the benefit is provided on a nondiscriminatory basis? B) the benefit discriminates in favor of key employees, but Sean is not a key employee?

  • Q : Realized versus recognized gain on sale....
    Accounting Basics :

    Irving sold Blackacre (investment real estate) for $50,000 cash and the buyer assumed Irving's $17,000 mortgage on the property. Irving paid a realtor commission of $2,000 on the sale. What is Irvin

  • Q : Calculate productivity measures....
    Accounting Basics :

    a) Calculate productivity measures for last year and this year using past prices. b) Calculate the percentage change in productivity.

  • Q : Calculate the unit cost....
    Accounting Basics :

    a) Calculate the unit cost of A and B by traditional cost allocation b) Calculate the unit cost of A and B by ABC costing method

  • Q : Common tax loopholes....
    Accounting Basics :

    1. Research the most common tax loopholes used by corporations and partnership to avoid paying federal income tax. Discuss two (2) loopholes identified and what strategies you would recommend to the

  • Q : Dishonesty in business....
    Accounting Basics :

    Problem: Is there any correlation between cheating in Graduate School and the increase in dishonesty in business?

  • Q : Sections of targets annual report....
    Accounting Basics :

    1.  Identify and explain the main sections of Target’s annual report.

  • Q : Brief summary of economic costs....
    Accounting Basics :

    Give a brief summary of economic costs (i.e. how are they different from accounting costs). In the short-run, why might a firm still operate even when there is a loss.

  • Q : Budget overhead costs to the products....
    Accounting Basics :

    a. Allocate the budget overhead costs to the products. b. Provide a possible explanation as why Nevin chose machine hours, instead of labor hours, as the allocation base.

  • Q : Fica taxes-self-employment and employment-related....
    Accounting Basics :

    What amount of FICA taxes (self-employment and employment-related) does Kyle owe for the year?

  • Q : Materials price variance and materials quantity variance....
    Accounting Basics :

    From the above information, compute the following variances. Show whether the variance is favourable (F) or unfavourable (U): a) Materials price variance b) Materials quantity variance c) Direct labou

  • Q : Calculate the amount of net income earned....
    Accounting Basics :

    Assuming that the corporation declared and paid $10,000 in dividends during 2011, calculate the amount of net income earned by the corporation during 2011.

  • Q : Compute predetermined overhead rate for company....
    Accounting Basics :

    A) Compute the predetermined overhead rate for this company. B) Compute the specialty product's total estimated cost per unit.

  • Q : Revenue per employee for wells and severson....
    Accounting Basics :

    Question 1. Compute 20X1 and 20X7 productivity measures in terms of revenue per employee for Wells and Severson. Question 2. Compare the change in productivity between 20X1 and 20X7 for Wells with tha

  • Q : Improvement in all sports total contribution margin....
    Accounting Basics :

    Calculate the improvement in All Sports' total contribution margin if it adopts the optimal strategy rather than continuing with the status quo.

  • Q : Case study-the wegmans way....
    Accounting Basics :

    Read the case-The Wegman's Way. What do you think is the key crucial factor that account for the Wegman's success? Would you suggest that other supermarkets should copy its way? Why?

  • Q : Volume variance-efficiency variance-pending variance....
    Accounting Basics :

    Calculate the following three overhead variances: a) Overhead volume variance b) Overhead efficiency variance c) Overhead spending variance

  • Q : Income tax expense and effects of net operating loss....
    Accounting Basics :

    Prepare the journal entries for the years 2004 to 2008 to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming Jenny Spangler Company uses the ca

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