uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system:   Costs:   Wages and salaries $ 349,000 Depreciation 290,000 Utilities 199,000 Total $ 838,000   Distribution of resource consumption:     Activity Cost Pools Total Assembly Setting Up Other Wages and salaries 65% 20% 15% 100% Depreciation 35% 20% 45% 100% Utilities 15% 75% 10% 100%   How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?   Multiple Choice   $125,700   $544,700

Q: Ja alize the following sales transactions for Klein Company. Explanations are not required. April 1.…

A: JOURNAL ENTRIES   Journal Entry is the Process of recording all Financial & Non Financial…

Q: A corporation has 12 000 ordinary shares and options to purchase 1 500 ordinary shares at R10 per…

A: Share option gives a right to existing shareholders to purchase more shares of the company at a…

Q: a) Determine the amount of each distribution that is from current E&P, accumulated E&P, Return of…

A: SOLUTION;-   JANUARY 01- IMAGINE NATION CORPORATION HAD ACCUMULATED EARNING&PROFITS - 50000$…

Q: During the month of January, Marcos & Hennessey, Inc., had total manufacturing costs of $165,000. It…

A: Answer:-  Cost of material meaning:- The price of the materials needed to produce a good or render a…

Q: lue Inc. (BBI) listed the following items to prepare a reconciliation between book and taxable…

A: Concept of Taxes on income has been applied here,  Concept implied that there are certain items…

Q: The allowance for doubtful accounts is presented in the financial statements as: O a Ob Oc Od A…

A: Allowance for doubtful accounts: It is the amount set aside as a charge against profit to meet any…

Q: Chaumat Co's performance report for last month shows that actual indirect materials cost, a variable…

A: VARIABLE OVERHEADS SPENDING VARIANCE Variable overhead spending variance is the difference between…

Q: Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The…

A: A flexible budget is prepared on the basis of the budgeted rate and on the basis of different…

Q: Names Lal Prasad Singh Ram Gross wages $250 $225 $275 $285 FNPF 6% 6% 6% 6% Union Fees $10 $15 $18…

A: Gross wages are total wages earned by human resource of an organization. It includes benefits and…

Q: Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a…

A: Bond price is the present discounted value of future cash stream generated by a bond. It refers to…

Q: When a financial institution is a mutual association, it means that it is owned by the Group of…

A: Mutual Association a savings and lending organisation that doesn't have stakeholders and instead…

Q: Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the…

A: Contribution margin = Selling price - Variable Cost  = $28 - $12 = $16 Contribution margin ratio  =…

Q: Al-Rafidain Company produces a fax machine, and the device's manufacturing process is part S, and…

A: In the given case, fixed industrial cost is an irrelevant cost.  Irrelevant cost is the cost which…

Q: A company has a process that results in 31000 pounds of Product A that can be sold for $12 per…

A: The sell or process further choice involves to make the decision regarding whether to sell a product…

Q: Zoe Company reports the following for its overhead cost for the year.   Activity Budgeted Cost…

A: Activity Based Costing:— Under this method of costing, overhead is allocated between products on the…

Q: Summer Company holds assets with a fair value of $122,000 and a book value of $81,000 and…

A: The term "Investment Subsidiary" refers to an affiliate that is owned, capitalized, or utilized by a…

Q: Accounting 1A Chapter 6- Inventories Inventory Calculations Practice Problems 11 The firm uses the…

A: Inventory Valuation - Inventory Valuation must be done using the following method - a. FIFO Method -…

Q: Sheridan Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A…

A: Since Fixed costs are not avoidable, even the Hard rubber segment  is dropped.Total costs should…

Q: ssume estimated overhead cost is $4,500,000, estimated direct labor costs is $3,000,000. Overhead is…

A: Overhead Rate :— It is calculated by dividing Estimated Overhead Cost by Estimated cost allocation…

Q: Crane company is starting business and is unsure of whether to sell its product assembled or un…

A: Profit earned by the company if the product is not processed further Selling price $ 145 Less: Cost…

Q: Qualified medical expenses $8,000 Investment interest expense 17,000 Other investment activity…

A: Taxable income refers to the sum value of money gained by an entity which is subject to a mandatory…

Q: Your office is on the 68th floor of your building. The CEO’s office is on the 77th floor. The two of…

A: The modifications to the inventory valuation technique must be true and legitimate. If a…

Q: Cane Company manufactures two products called Alpha and Beta that sell for $215 and $160,…

A: Special Order Decisions are when management has to take a decision about some unusual customer…

Q: The federal income tax is

A: A progressive tax is the tax rate which increases as the income rises. Integrative tax is the tax…

Q: Required information Problem 7-5B (Algo) Determine depreciation under three methods (LO7-4) [The…

A: Lets understand the basics. In activity based depreciation method, depreciation is getting…

Q: Factor Company is planning to add a new product to its line. To manufacture this product, the…

A: Solution 1: Expected Net Income Revenues:     Sales   $1,940,000 Expenses:     Materials,…

Q: 3. Sammex purchased medical equipment for $65,000 on 1 January 2002. A useful life of 5 years and…

A: Deferred tax is the amount of tax payable in future period with respect to temporary differences and…

Q: On December 31, 2018, A, B, and C decided to liquidate their partnership. The statement of financial…

A: Partnership is the business type where two or more partners carry a business and earn profit…

Q: Assets Current assets Cash Accounts receivable Total current assets Fixed Assets 14,000 7,000 21,000…

A: Lets understand the basics. Current ratio compare current liability with its current asset. In other…

Q: How do I find  Leases, Share-based compensation, Dilutive securities, and Revenue recognition for…

A: To find information on leases, share-based compensation, dilutive securities, and revenue…

Q: Assume that company makes only two products: Product A and Product B. The company’s activity-based…

A: Solution: Total nos of setup hours = Total nos of setup of product A * Nos of setup hours per setup…

Q: Jhoza Jacob owns and operates the "Dyosa Designs", an interior design studio. The following…

A: Accounting Equation :— It is the relationship between assets, liabilities and owner's equity.…

Q: Melba's office building was foreclosed upon and the mortgage holder issued Form 1099-A, Acquisition…

A: Secured Property loan: It implies to an acknowledgement of debt by the borrower, who borrows the…

Q: The controller of the Red Wing Corporation is in the process of preparing the company's 2024…

A: Cash and cash equivalents includes the cash and other current assets which can be readily converted…

Q: Journalize the transactions.

A: WORKING NOTE - CALCULATION OF AMOUNTS Feb. 1  Cash= 18000 shares* $56         =$1008000 Preferred…

Q: the Jones Foundation is a private nonoperating foundation and Latrell's AGI is $100,000 this year.…

A: Allowable Deduction for Charitable Contribution The amount of cash contributions to charities that…

Q: is employer. Assume his modified AGI is $520,0 includes $2,000 of long-term capital gain that…

A: Taxable income refers to the sum value of money gained by an entity that is subject to a compulsory…

Q: Set up T accounts for Cash; Accounts Receivable; Supplies; Accounts Payable; Common Stock;…

A: T - ACCOUNT T - Account is a Summary representation of all journals entries into Journal Ledgers.…

Q: If you invest $100 at 8% for one year, compounded semiannually, at the end of the year your balance…

A: The formula for calculation of the future value of the investment. A = P * (1+r)n Where, A =…

Q: A company has $44,000 today to invest in a fund that will earn 4% compounded annually. How much will…

A: FUTURE VALUE   Future Value is the value of an asset at a Specific date in the Future based on an…

Q: Pharoah Corp. had total variable costs of $179,400, total fixed costs of $74,400, and total revenues…

A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…

Q: Please focus on Goodwill when you answer the question below and when you apply an example to it.…

A: Introduction: Good will is and intangible asset in accounting it is arises when a…

Q: Prat Corp started the Year 2 accounting period with $34,000 of assets (all cash), $14,000 of…

A: Introduction: Income statement is a financial statement It is an important statements to  show you…

Q: Mr. Boyd and Ms. Tuck decide to form a new corporation named BT Inc. Mr. Boyd transfers $20,000…

A: As per the given information: Cash transferred - $20,000 Equipment - FMV $40,000; Adjusted tax basis…

Q: £12,000 into a business bank account. During the first month of operation other relevant information…

A: Net profit depends on the how much is purchasing done and how much is cost of goods sold and from…

Q: How can you propose additional content to make the tax footnote to the financial statement more…

A: The footnotes to the financial statements include additional information that describes how a…

Q: Medical 8,000     Less: (8,000 * 0.075) (6,375) 1,625 I thought you are to use 7.5% of AGI…

A: This is the follow-up question and you have asked regarding the itemized medical deductions and the…

Q: During the closing process the credit to the Profit or Loss Summary account would be:

A: Closing process is made by the company so that the entries of the accounts which are required to be…

Q: Discuss: How have government accounting evolved since independence on Barbados. How has this country…

A: Since independence, government accounting in Barbados has evolved to become more sophisticated and…

Q: Christie received a total of $1025 from her graduation party. She wants to save this money for a…

A: The term "future value" (FV) refers to a concept in finance that places a monetary value on an asset…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.