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3 years ago

Alphonse has the following estimates for the upcoming year:

Business

1 answer:

Reptile [31]3 years ago

7 0

Answer:

The activity rate for the machine setup cost pool is $160.00

Explanation:

The activity rate for machine setup cost pool is computed as :

machine setup costs/number of setups

Machine set up costs is $41600

Number of setups is 260 setups

Activity rate for machine setup=$41600/260

=$160.00

The activity rate for machine setup is $160 per setup

Activity rate shows how much per activity is allocated to product under activity based.

Determining activity rate is the of one steps to be taken in Activity Based Costing and Activity Based Management

The other steps include:

Identification of activity incurring costs

Assigning costs to activity

Assignment of costs to cost objects and so on.

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on January 31,2009,Village Bank had 500000 shares of $2 par value common stock outstanding. On that date the company declared a

slavikrds [6]

A reduction in retained earnings of $2,950,000.

$37(500,000 x .14) = &2,590,000

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3 years ago

What are the job training/education requirements for being a judge?

jasenka [17]

You will need a law degree

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3 years ago

Freedom of ownership is part of what and what environment

lys-0071 [83]

Freedom of ownership is part of the government and the public sector business environment.

Explanation:

Freedom of ownership or a sharing vision offers a number of opportunities in the business environment. It allows the government to control the costs, generate the economies of scale and bargain costs down internally.

The freedom of ownership permits access to complex, specialized skills that can not be sourced locally. So this allows the government sector or the public sector environment to run the business successfully and to run it efficiently.

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3 years ago

Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% ap

svetlana [45]

Answer:

The journal entry to record the sale :

Debit : Note Receivable $120000

Credit : Sales Revenue $120000

Explanation:

The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.

8 0

3 years ago

Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect

r-ruslan [8.4K]

Answer:

VPI Co.

Cashflow statement for the year ended December 31

Operating activities

Net income 59,000

Add Depreciation 7600

Less gain from sale of machinery (2900)

Increase in Inventory (8,600)

Increase in accounts payable 3,300

Decrease in accounts receivable 6,600

Cash flow from Operating activities 65,000

Investing activities

Cash received from sale of machinery 11,300

Financing activities

Cash paid for dividends (4,600)

Net cashflow 71,700

Cash balance at prior year-end 43,600

Cash balance at current year-end 114,300

Explanation:

The indirect method of cashflow statements starts with the cashflows from the operating activities to Financing and then investing activities.

An increase in an asset other than cash is a decrease in cash and vice versa. An increase in a liability is an increase in cash and vice versa. We add or subtract none cash items like depreciation, gain on asset disposal etc.

7 0

3 years ago