If Martin and Beasley switched from its current accounting method to an activity-based costing system, the amount of administrative cost chargeable to consulting services would change by an amount other than those listed above
Option D
Solution:
Total amount of administrative cost chargeable to consulting services in ABC costing is given below
( $200000 x 35% ) + ( $50000 x 30% ) + ( $20000 x 20% )
= $70000 + $15000 + $4000
= $89000
Hence, Using ABC costing administrative cost chargeable to consulting services decreases by ($270000 - $89000)
decreases by $181000
Hence, D. change by an amount other than those listed above.
Answer:
d) steer the economy away from recession and toward growth best describe what central bank uses money policy to do
Explanation:
A key role of the central banks is to conduct monetary policy so as to achieve price stability (low and stable inflation) and to aid manage economic fluctuations.
Answer:
Current Price of Stock $59.20
Explanation:
The computation of the current market price is shown below:
<u>Particulars Time PVF at 12% Amount ( in $) PV ( in $)</u>
Dividend 1 0.8929 14.40 12.86
Dividend 2 0.7972 14.40 11.48
Dividend 3 0.7118 14.40 10.25
Dividend 4 0.6355 14.40 9.15
Dividend 5 0.5674 14.40 8.17
Dividend 6 0.5066 14.40 7.30
Current Price of Stock $59.20
Answer:
the company should produce 5,200 / 0.5 = 10,400 beds, resulting in a gross profit of $3,692,000
Explanation:
The numbers are missing, so i looked them up:
sales price variable costs machine hours
Couches $550 $350 0.333
Beds $750 $395 0.5
total machine hours = 5,200
the constraint here is machine hours, so we must determine the contribution margin per machine hour:
- couches = $200 / 0.333 = $600
- beds = $355 / 0.5 = $710
since the contribution margin per machine hour is higher for beds, then the company should produce 5,200 / 0.5 = 10,400 beds, resulting in a gross profit of $3,692,000
Answer:
Predetermined overhead rate is $9 per labor hour
Explanation:
Estimated Direct-labor hours = 10,000
Estimated Manufacturing overheads = Estimated Fixed overheads + Estimated variable overheads
Estimated Manufacturing overheads = $50,000 + $40,000
Estimated Manufacturing overheads = $90,000
Predetermined overhead rate = Estimated Manufacturing overheads / Estimated Direct-labor hours
Predetermined overhead rate = 90,000 / 10,000 = $9 per labor hour