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True [87]
3 years ago
6

Leaper Corporation uses an activity-based costing system with the following three activity cost pools:

Business
1 answer:
AnnZ [28]3 years ago
8 0

Answer:

Order processing= $846.67 per order

Explanation:

Giving the following information:

Activity costs:

Wages and salaries= 420,000

Depreciation= $170,000

Occupancy= $190,000

Activity Cost Pools:

Order Processing:

Wages and salaries= 0.3

Depreciation= 0.25

Occupancy= 0.45

Order processing 300 orders

First, we need to calculate the total overhead cost for order processing:

Wages and salaries= 0.3*420,000= 126,000

Depreciation= 0.25*170,000= 42,500

Occupancy= 0.45*190,000= 85,500

Total= $254,000

Now, using the following formula, we can determine the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order processing= 254,000/300= $846.67 per order

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Based on information from the Small-Customer project manager, Quasar Communication Inc. (QCI) has multiple projects with small c
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Explanation:

A schedule should be developed showing the tasks and objectives of the project, as well as the time that must be covered for the realization of the project.

Small projects must have the same value as large projects, therefore the investor's sense of commitment must be clear from the beginning, that is why resources must be appropriately assigned to each project within the project's schedule or action plan. There must be a date for assigning tasks with the budget already approved for the complete execution of the entire project, in this way the project manager of small clients will be able to execute their projects in a timely and worry-free manner.

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3 years ago
Kingery Corporation began the calendar (and fiscal) year with a simple structure consisting of 38,000 shares of common stock outs
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Answer:

a. EPS = $4.78 per share

b. Basic EPS = $4.41 per share

Explanation:

a. Compute the earnings per share (EPS) of common stock

Number of shares outstanding = 38,000 + 10,000 + 1,000 = 49,000

EPS = Net income ÷ Number of common shares outstanding = $234,000 ÷ 49,000 = $4.78 per share

b. Compute the basic earnings per share of common stock

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Basic EPS = (Net income - Preferred dividend) ÷ Number of common shares outstanding = ($234,000 - $18,000) ÷ 49,000 = $4.41 per share

6 0
4 years ago
Headland Co. has a held-to-maturity investment in the bonds of Schuyler Corp. with a carrying value of $79,200. Headland determi
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Answer:

The Journal Entry is as follows:

Loss on Impairment $8,400

Debt Investment ($8,400)

Explanation:

Given.

Carrying Value = $79,200

Decreased Value = $70,800

Differences = $79,200 - $70,800

Differences = $8,400

Since the loss in value is determined, uncollectible.

The required entry on the journal entry are the amount loss on impairment and the amount invested on debt.

The Journal Entry is as follows:

Loss on Impairment $8,400

Debt Investment ($8,400)

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3 years ago
Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
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Answer:

3. Distribution

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Distribution refers to making a product available to customers for purchase by transferring it from the source of manufacture to the retailers.  Distribution is one of the essential components of marketing mix.

Channels to distribution are whole sellers, retailers, brokers and middlemen, and direct sales. Distribution entails all activities relating to supply of finished products to customers.

In the given case, Leon's work involves transportation of metal components as well as efficient movement of the finished systems from manufacturing unit to the warehouses and subsequently to distribution trucks. These represent activities of distribution.

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4 years ago
Leo drops his stack of books in the library. They scatter everywhere, and it's a mess. People all around see the mess but nobody
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The correct answer is the bystander effect .The bystander effect is when there are so many people around each individual doesn't feel the need to help because there are many others around to do so. Diffusion of responsibility explains this phenomenon.
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4 years ago
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