Answer:
$152,600
Explanation:
The computation of the cost of the land is shown below:
Cost of the land = Purchase price + real estate commissions + delinquent property taxes + closing costs + clearing and grading of the land
= $125,000 + $9,500 + $1,800 + $3,500 + $12,800
= $152,600
We considered all the given information
hence, the cost of the land is $152,600
Answer: See attachment
Explanation:
a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:
Government = 450,000
Corporate = 750,000
The expected revenue that can be generated from the government unit will be:
= 495,000 × (100% + 15%)
= 495,000 × 1.15
= $569250
b. Based on the information given, the indirect costs that's allocated to the units will be:
Government unit = 360,000
Corporate unit = 840,000
The revenue from the government will be:
= 405000 × (100% + 15%)
= 405000 × 115%
= 405000 × 1.15
= $465750
c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:
Government = 400,000
Corporate unit = 800,000
Revenue from government will be:
= 445000 × 115%
= 445000 × 1.15
= $511750
Check attachment for further explanation.
Based on the information that has been given above, it is likely that the information has been stored on Noreen's short term memory. The short term memory is where memories could be stored in a short period of time, it could be determined or seen above as Noreen had saw the cars on the road but could no longer remember their colors as it was stored on her short term memory.
Answer:
The following Apply :
A. Based on past experience and data Developed by the SCAB (Standard Cost Accounting Board
B. Used in preparing flexible budgets Useful for manufacturing companies, but not service companies
Explanation:
Standard Cost set levels of Costs and Revenues that ought to be achievable when reasonable levels of performance are attained together with working practices to manufacture a product.
Data is obtained from past experience and used to prepared flexible budgets for control purposes.
