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Bilkins Financial Advisors provides accounting and finance assistance to customers in the retail business. They have 4 professionals on staff, plus an office with 6 clerical staff.
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 28,000 direct labor-hours would be required for t
Falstaff Products estimates manufacturing overhead costs for the coming year at $500,000. Falstaff will allocate based on machine hours. Falstaff estimates 8,000 machine hours for the coming year.
On a consolidation worksheet for December 31 2014, prepare worksheet entry "E" (show a computation for the amount).
Why do the costs per diner for the three different parties differ from each other and from the overall average cost of $16 per diner?
LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments Mixing, Refining, and Packaging. On January 1, 2012,.
Fogelin Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances. Fogelin has 4 public relations specialists.
Given the focus of the campaign (introducing the new resturant to the community), do you favor capitalizing the cost of the campaign? Why or why not?
Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and Dec 31. They are issued at $292181 and their market rate is 8% at the issue date.
On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes.
The company has 500 Zets on hand that were produced last month and have small blemishes. Due to the blemishes, it will be impossible to sell these units at the normal price.
Cactus Construction sells $1,000,000 of 8% bonds on January 1, 20XX. The bonds are unsecured but registered to the name of the purchaser. The bonds are due in 5 years, with interest payable annual
American Company is preparing a cash budget for July. The company has $11,000 cash at the beginning of July and anticipates $31,500 in cash receipts and $37,500 in cash disbursements during July.
Comapny A uses LIFO inventory cost flow assumption. It expects not to have enough inventory at year end, therefore, it decides to buy Company B's excess inventory.
A company has the choice of either selling 600 defective units as scrap or rebuilding them. The company could sell the defective units as they are for $8.00 per unit.
The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter.
Sturdy Packaging makes cardboard shipping cartons in a single operation. This period, Sturdy purchased $125,000 in raw materials. Its production department requisitioned $90,000.
George Jetson's Rosies sell for $200 per unit, and their variable costs per unit are $110. The fixed costs are $500,000. If Mr. Jetson wants to earn $25,000 pretax income, how many units (Rosies) m
Alma's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music prod
Gearz Company has break-even point of 7,000 units, fixed costs are $150,000 and variable costs are $550,000 in total. what is the unit sales price?
Olin Company had accounts receivable of $452,000. Before it recorded the adjusting entry for uncollectible accounts, the balance in the Allowance for Doubtful Accounts was $904.
Bob believes she will need $99,999 annual income during early retirement. If she can achieve a 4% return during retirement and believes she will live 50 years after retirement, how much does she ne
The Stevens Company provided $54,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $38,500 of cash from its receivables accounts.
John expects to invest 3,000 per year in his 401K for ten years and then expects to receive a large pay raise to invest 10,000 per year for the next ten years until retirement. He earns 10% on his