All categories

3 years ago

Stage 1 ABC at a College: Assigning Costs to Activities

Business

1 answer:

nordsb [41]3 years ago

7 0

Answer:

ABC at a College: Assigning Costs to Activities

Prince Town University

The Activity cost of instruction per student:

Introductory Economics = $13,750/50 = $275 per year and $137.50 per semester

Graduate Economics = $13,750/30 = $458.33 per year and $229.17 per semester

Explanation:

a) Data and Calculations:

50% teaching

35% research and writing

15% service activities (committee work and student advising)

Students in Introductory Economics = 50 per semester 100 per annum

Students in Graduate Economics = 30 per semester and 60 per annum

Total number of students taught per year = 160

Salary per year = $165,000

Teaching consumes $82,500 ($165,000 * 50%)

Instruction consumes $27,500 ($82,500/3)

Introductory Economics consume $13,750 ($27,500/2)

Graduate Economics consume $13,750 ($27,500/2)

The Activity cost of instruction per student:

Introductory Economics = $13,750/50 = $275 per year and $137.50 per semester

Graduate Economics = $13,750/30 = $458.33 per year and $229.17 per semester

You might be interested in

Christine Benninger as President of the Humane Society is facing many challenges. To be successful she will need to use her infl

ankoles [38]

I think the answer to this question is: Strategic leadership
Strategic leadership is the ability to influence other to do something that will be beneficial for our group
This kind of skill is really important to ensure company's long term success and operational stability between each of the group members

6 0

3 years ago

Naomi is preparing the company’s cash budget. when preparing the cash receipts section, she included cash sales, receipts of int

sergij07 [2.7K]

The error of Naomi is that she included the receipts of interest, receipts of dividends, and proceeds from planned sales of plant assets in the cash receipts section. This section would only include the cash sales and collection of accounts receivable with the forecasted sales per month of the company. As a result of this error, the cash receipts would be too high.

6 0

4 years ago

Waterway Corporation purchased a truck at the beginning of 2020 for $59,500. The truck is estimated to have a salvage value of $

blondinia [14]

Answer:

In 2020: $ 8,211 and in 2021: $ $11,067

Explanation:

In the units-of-production method, the cost of depreciation is dependent of the asset usage. Depreciation is spread across the units produced.

for waterway corporation:

Cost price = $59,500

salvage value $2,380

useful life 190, 000 miles

Depreciable value: Cost price- salvage value

=59,500-2380

=57,120

Depreciation per unit= Depricable cost / by expected mileage

= $57,120/190,000

=$0.30 per unit

Depreciation in 2020: usages x depreciation rate

=27,370 x 0.30

=$8,211

Depreciation in 2021: 36,890 x0.30

=In the units-of-production method, the cost of depreciation is dependant of the asset usage. Depreciation is spread across the units produced.

for waterway corporation:

Cost price = $59,500

salvage value $2,380

useful life 190, 000 miles

Depreciable value: Cost price- salvage value

=59,500-2380

=57,120

Depreciation per unit= depricable cost / by expected mileage

= $57,120/190,000

=$0.30 per unit

Depreciation in 2020: usages x depreciation rate

=27,370 x 0.30

=$8,211

Depreciation in 2021: 36,890 x0.30

=$11,067

5 0

3 years ago

The following transactions occurred over the months of September to December at Nicoleâ€™s Getaway Spa (NGS).

meriva

Answer:

Following are the solution to the given points:

Explanation:

In point a:

Following are the Journal entries of Nicole's Getaway Spa Books:

Month Title Account Dr Cr

September receivable Accounts 1,600

Sales 1,600

Sold gold cost 820

inventory Merchandise 820

October receivable Accounts 370

Sales 370

Sold gold cost 160

inventory Merchandise 160

November receivable Accounts 220

Sales 220

Sold gold cost 150

inventory Merchandise 150

December Cash 1,080

receivable Accounts 1,080

In point b:

Estimated Doubt Debt Allowance:

Class of age Quantity The proportion is Doubting debt

considered uncollectible allowance

1 month - $1\%$ -

2 month 220 $5\%$ 11

3 month 370 $20\%$ 74

More than 520 $40\%$ 208

3 month

1,110 293

In point c:

The Doubtful Account Balance amounts to $\$43$ before aging analysis is performed. Therefore, its amount of bad debt is $\$293-43 \ or \ \$250$ . Due ought to be the writing system Costs of poor debt $\$ 250 \ US\ dollars$ Doubtful cashback rewards allowance $\$ 250 \ US\ dollars$ .

In point d:

Accounts receivable is calculated as total earnings accounts receivable. It is 8.600 / 760 and 11.32 time for NGS thus.

In point e:

Especially in comparison to both the Mineral Spa in Audrey, NGS' account receivable performance is quite healthy.

8 0

3 years ago

holds huge reserves of oil. Assume that at the end of 2017, South Shore Petroleum's cost of oil reserves totaled $ 252 comma 0

bixtya [17]

Answer:

Depletion expense is $16,800,000

Explanation:

2018 depletion expense=total oil reserves cost*quantity removed/total reserves

total oil reserves cost is $252,000,000

quantity removed in 2018 12,000,000 barrels

total oil reserves is 180,000,000 barrels

2018 depletion expense =$252,000,0000*12,000,0000/180,000,000

=$16,800,000

The depletion expense to charge against revenue in 2018 in order to arrive at net income is $16,800,000

4 0

3 years ago