Answer: $1000
Explanation:
To calculate the normal cost of this activity, we will use the formula:
Cash slope = (Crash cost - Normal cost) / (Normal duration - Crash duration)
250 = (1500 - Normal cost) / (15 - 5)
250 = (1500 - Normal cost) / 10
Cross multiply
(250 × 10) = 1500 - Normal cost
2500 = 1500 - Normal cost
Normal cost = 2500 - 1500
Normal cost = $1000
The three methods of allocating the costs of support departments to operating departments are:-
a. The direct (assignment) method ignores all services provided by one support organization to another support organization. Allocate the cost of each support department directly to the
operations department. The
b. step-down (allocation) method sequentially allocates support department costs to other his
support departments and operations departments in such a way that the
partially approves the mutual service of all support departments.
c. The Mutual (Attribution) process allocates support department costs to operations by fully authorizing the mutual services provided between all support departments.
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Two Types of Goods Return:
Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods
For Examples :
Purchases goods from Mrs. Kuheli Rs. 2000
Answer:
The $1,200,000 should be accounted for in Grove’s special revenue funds
Explanation:
Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.
The computation of special revenue funds is shown below:
= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district
= $300,000 + $900,000
= $1,200,000