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Scorpion4ik [409]
3 years ago
13

Fine Industries uses activity-based costing to assist management in setting prices for the company's three major product lines.

The following information is available: Activity Cost Pool Estimated Overhead Expected Use of Cost Driver per Activity Cutting 900,000 25,000 labor hours Stitching 8,000,000 320,000 machine hours Inspections 2,800,000 160,000 labor hours Packing 800,000 64,000 finished goods units.
Compute the activity-based overhead rates.
Business
1 answer:
miskamm [114]3 years ago
5 0

Answer:

Cutting 36 per Labor Hour

Stitching  25 per machine hour

Inspections  17.5 per labor hour

Packing  12.5 per finished good

Explanation:

cost/ cost driver = rate

Cutting Cost 900,000 / 25,000 labor hours = 36 Rate/DLH

Stitching Cost 8,000,000 / 320,000 machine hours = 25 rate/MH

Inspections Cost 2,800,000 / 160,000 labour hours = 17.5 rate/ DLH

Packing Cost 800,000 / 64,000  finished goods = 12.5 rate/FG

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Sigma Corporation owns 80% of the stock of Epsilon Corporation, which pays it a dividend of $100,000. Sigma Corporation also own
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Answer:

d. $132,000

Explanation:

Sigma Corporation holds the stock of Epsilon Corporation and is subsidiary for the Sigma. The dividend declared by of $100,000 is entirely for the sigma whereas Sigma Corporation also holds 20% of the shares of Intergalactic Corporation. The dividend of $40,000 will be calculated in the dividend amount of Sigma but 20% will be deducted.

$100,000 + $40,000 * 80% = $132,000

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3 years ago
Identify and explain two characteristics of the packaging of the chocolate bars​
zubka84 [21]
Chocolate products are protected throughout the distribution process. Flexible packaging keeps goods fresher for longer, as packaging can include foil layers that ensure that products are preserved. Flexible chocolate packaging provides valuable nutritional information that assist consumers in correct product selection.
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5 0
2 years ago
Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value
ruslelena [56]

Answer:

1. $2,000,000

2. <u>Accounting Entry</u>

<em>Assets $17,000,000 (debit)</em>

<em>Goodwill $2,000,000 (debit)</em>

<em>Liabilities $13,000,000 (credit)</em>

<em>Investment in Kate $6,000,000 (credit)</em>

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

<u>Calculation of Goodwill :</u>

Purchase Price                                                     $6,000,000

Less Net Identifiable Assets

Assets at Fair Value                  $17,000,000

Less Liabilities at Fair Value    ($13,000,000)   ($4,000,000)

Goodwill                                                                $2,000,000

<u>Accounting Entry</u>

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

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2 years ago
Question 4 of 10
Delvig [45]
THE ANSWER IS D………………..
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If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he
klasskru [66]

Answer: d. the production function is unrelated to the marginal product.

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production function helps show the relationship between the quantity of inputs used in producing a goods or service and the quantity of output it produces. Example; a bag of seeds produces 5 bushels of seeds.

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In this case production is in to marginal product.

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3 years ago
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