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I am Lyosha [343]
1 year ago
10

Addleman Corporation has an activity-based costing system with three activity cost pools--Processing, Supervising, and Other. In

the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment expense $ 73,000 Indirect labor $ 1,000 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Processing Supervising Other Equipment expense 0.20 0.10 0.70 Indirect labor 0.20 0.20 0.60 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Activity: MHs (Processing) Batches (Supervising) Product W3 7,600 100 Product H3 2,400 900 Total 10,000 1,000 Finally, the costs of Processing and Supervising are combined with the following sales and direct cost data to determine product margins. Sales and Direct Cost Data: Product W3 Product H3 Sales (total) $ 159,500 $ 154,100 Direct materials (total) $ 66,300 $ 55,300 Direct labor (total) $ 77,800 $ 84,100 The activity rate for the Supervising activity cost pool under activity-based costing is closest to:
Business
1 answer:
netineya [11]1 year ago
8 0

Answer:

Supervising activity rate= $7.5 per batch

Explanation:

<u>First, we need to allocate costs to Supervising:</u>

Supervising= 73,000*0.1 + 1,000*0.2= $7,500

<u>To calculate the activity rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Supervising activity rate= 7,500 / 1,000

Supervising activity rate= $7.5 per batch

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Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manuf
xenn [34]

Answer:

Option A net worth  -215,906.03

Option B net worth  -210, 159.75

It is a better deal to use the machine through lease than purchase it as the net worth is lower.

Explanation:

Purchase the machine:

-164,000 purchase cost

PV of the maintenance cost

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C -9,000.00

time 10

rate 0.08

-9000 \times \frac{1-(1+0.08)^{-10} }{0.08} = PV\\

PV -$60,390.7326

PV of the salvage value

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  14,000.00

time  10.00

rate  0.08000

\frac{14000}{(1 + 0.08)^{10} } = PV  

PV   6,484.7088

<em>net worth: </em>

-162,000 - 60,390.73 + 6,484.70 = -215,906.03

PV of the lease: (annuity-due)

C \times \frac{1-(1+r)^{-time} }{rate} (1+rate)= PV\\

C 29,000.00

time 10

rate 0.08

29000 \times \frac{1-(1+0.08)^{-10} }{0.08} (1+0.08) = PV\\

PV $210,159.7494

6 0
2 years ago
From the beginning of 2000 until its peak in 2012, Apple’s stock price rose from $27.97 to $702.10, an increase of 25 times. Yet
Tcecarenko [31]

Answer:

Steve Jobs coming back, Innovations, and Tim Cook taking over as COO

Explanation:

The fluctuations in stock prices of a company are due to improved performance of the company in meeting it's objectives and perception that the business will do better in the future.

In the given scenario there was an initial increase in Apple’s stock price from $27.97 to $702.10, an increase of 25 times.

This can be attributed to the return of Steve Jobs as the CEO of Apple. There was a confidence boost by his coming back. Also there were various innovations like: iPhone, iMac, iPod, and iTunes. These improved the performance and by extension share price of Apple.

However when Tim Cook took over as COO he reduced production by half resulting in stock price decrease by 37% from its peak in September 2012 until the end of March 2013, from $702.10 to $442.66.

3 0
2 years ago
John, Lesa, and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each co
lianna [129]

Answer: State Law.

Explanation:

This dispute falls under the jurisdiction of state law and so that is what the court will use. This is unless the company established a profit-sharing agreement as per the Uniform Limited Liability Company Act (ULLCA) and the state that they are in is one of the 19 states and District that enacted the UCCLA.

As the company never established a profit agreement principle, this falls under State law which normally calls for the division of profits equally amongst partners.

5 0
1 year ago
Suppose that you inherited some 2.25% US Treasury bonds from your grandfather that mature in 2027. Although they were originally
zubka84 [21]

Answer:

we will sell bond and invest for better investments

Explanation:

we know here that Yield on Treasury Bond of Grandfather =  2.25%

so we believe interest rate will be continue for rise

Bond are valued = $950

so we  the Bond and invest the proceed for better interest rate

and

we know  Grandfather bond price will be decrease if rate increase as that we predict

because we know  Bonds prices and the interest rate is inversely proportional to the each other

so as that  if interest rate increases Bonds prices will be decrease

and the Vice Versa

so that we will sell bond and invest for better investments

because here if once the interest rate increase then he will selling point regarding for Bond and price will be fall

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Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
rjkz [21]

Answer:

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Explanation:

4 0
2 years ago
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