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3 years ago

Beartowne Enterprises uses an activityminusbased costing system to assign costs in its autominusparts division.

Business

1 answer:

zysi [14]3 years ago

5 0

Answer:

Total manufacturing costs for Part 003 is:_________ $ 38625

Explanation:

Beartowne Enterprises

Activity Based Costing

We multiply the rate of of each activity with allocation base to get the indirect activity costs.

Total manufacturing costs for Part 003 is:_________

Materials Costs $ 8,000

Materials handling = 2,300 moves *$3.00/move= $ 6900

Assembling = 1,650 machine hours * $ 6.0= $ 9900

Packaging = 3,950 units * $3.50/finished unit = $ 13825

Total Manufacturing Costs $ 38625

Given Data

Part # # Produced Materials Costs # Moves Machine Hrs.

Part 001 1,450 $1,500 300 500

Part 002 5,500 $4,000 500 300

Part 003 3,950 $8,000 2,300 1,650

Activity . Indirect Activity Allocation Cost allocation rate

Est Costs base

Materials $55,000 Material moves $3.00/move

Assembling $195,000 Machine hours $6.00/machine hour

Packaging $70,000 # of finished units $3.50/finished unit

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Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as

Serga [27]

Answer:

d. Cash 27,000

Floyd, Capital 5,250

Merriam, Capital 1,750

Ramelow, Capital 20,000

Explanation:

First of all we need to calculate the total capital after admission

Total Capital after admission = $50,000 + $23,000 + $27,000 = $100,000

Share of Ramelow = Total Capital x Partnership share = $100,000 x 1/5 = $20,000

Actual Payment made by Ramelow = $27,000

Amount of goodwill paid by Ramelow = $27,000 - $20,000 = $7,000

This goodwill will be distributed between Floyd and Merriam as per their partnership ratio

Share of Goodwill ro Flyod = $7,000 x 3/4 = $5,250

Share of Goodwill ro Merriam = $7,000 x 1/4 = $1,750

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3 years ago

When banks try to make their positioning strategies tangible through the ________ dimension, they make sure the exterior and int

Andru [333]

Answer:

Place

Explanation:

When banks try to make their positioning strategies tangible through the Place dimension, they make sure the exterior and interior have clean lines, the layout of the desks and the traffic flow are planned carefully, and waiting lines are not overly long.

Positioning strategies: It is a strategy that choose one or two key area to focus on for brand and product growth in the market. Before implementing these strategies, it is important to understand the strength and weakness of the company, target customer need and competitor´s position in the market, it help in effective planning and achieve objective of the company.

There are several dimension to positioning strategies, depending on what kind of analysis firm want to conduct.

Here in the given case, Bank have used place dimension of positioning strategies, so that it can gain more customer attraction and keep service flow organized in the bank.

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3 years ago

Because the _____ is the rational part of the personality, it sometimes plays referee between the wishes of the _____ and the __

snow_tiger [21]

Because the ego is the rational part of the personality, it sometimes plays referee between the wishes of the Id and the Superego. The ego or your ego is referred to be your conscious mentality and it is also your perception of your own self.

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4 years ago

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S_A_V [24]

Answer:

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Explanation:

Timeliness is a characteristic the Financial Statements must meet by which executives in decision-making positions could be able to read and comprehend what the information reflects on the company's well being so they can take proper action to correct the course of the company or find the way to keep it and improve it.

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3 years ago

Accounting profit differs from economic profit because:

Mariana [72]

Answer:

The correct option is D,economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only.

Explanation:

Economic costs are usually higher because economic costs comprises of both implicit and explicit costs whereas accounting profit calculation only consider the explicit costs.

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3 years ago

Read 2 more answers