Answer:
b. $303,000
Explanation:
The activity rate
1. Machining = 
= $ 20 per machine hour
2. Machine set up =
= $ 500 per set up
3. Product design =
= $ 22000 per product
4. Order size =
= $ 26 per direct labor hour
Now the ABC cost (Product T05P)
1. Machining = 
= 4000 x 20
= $ 80,000
2. Machine set ups = 
= 90 x 500
= $ 45,000
3. Product design = 
= 1 x 22000
= $ 22,000
4. Order size = 
= 6000 x 26
= $ 156,000
Therefore, the total manufacturing overhead cost assigned to product T05P = 80000 + 45000 + 22000 + 156000
= $ 303,000
Answer:
The correct answer is letter "A": The internal control structure.
Explanation:
The internal control structure of a company encompasses the firm's organizational objectives in regards to ensuring policies and federal laws, accurate operating information and accounting records, protecting the company's from threats, and measuring employees' performance to help them improve their efficiency.
bottom line. This is a direct quote from the textbook by Cengage called Employment and Labor Law.
Answer:
Frost (Lessee) and Ananz (Lessor)
The circumstance that would require Frost to classify and account for the arrangement as a finance lease is:
c. The economic life of the computers is three years.
Explanation:
a) Data:
Annual lease payments = $8,000
Present value of the minimum lease payments = $13,000
Fair value of the computer = $14,000
The economic life of the computers = 3 years
The lease period = 2 years
b) One of the conditions for classifying the lease arrangement as a finance lease is that the lease term of 2 years forms a significant part of the asset's useful life of 3 years. Other conditions include:
Firstly, ownership of the asset is transferred to the lessee at the end of the lease term. The second condition is that the lessee can purchase the asset below its fair value.
