Please help me with this account question I'm tryna make entries

Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o

bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = $\frac{120,000}{500}$ = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = $\frac{380,000}{4,000}$ = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = $\frac{100,000}{9,000}$ = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes $\times$ $240 = $2,880

Setup charges = 17 setups $\times$ $95 = $1,615

Inspection charges = 26 inspections $\times$ $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0

3 years ago

A company purchased factory equipment on April 1, 2015 for $160,000. It is estimated that the equipment will have a $20,000 salv

zzz [600]

Answer:

$10,500

Explanation:

The computation of depreciation expense using the straight line method is seen below;

= [Original cost - Residual value] ÷ Useful life

= [$160,000 - $20,000] ÷ 10 years

= [$140,000] ÷ 10 years

= $14,000

Using straight line method, the depreciation value is the same for the remaining useful life.

Also, from April 1 to 31 December(9 months), the depreciation expense would be;

= $14,000 × 9/12

= $10,500

Therefore, the amount to be recorded as depreciation expense at December 31, 2015 is $10,500

6 0

2 years ago

The foundation of the u.s. economic system is considered to be

bogdanovich [222]

The foundation of the U.S. economic system is considered to be capitalism. Capitalism is an economy system in which capital goods are owned by private individuals or business. The production of goods and services is based on demand and supply in the general market rather than through central planning.

4 0

3 years ago

Short Corporation acquired Hathaway, Inc., for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangibl

lutik1710 [3]

Answer:

Goodwill is not amortized

Explanation:

In 2001, According to the Financial Accounting Standards Board (FASB) declared in Statement 142, Accounting for Goodwill and Intangible Assets, that goodwill was no longer permitted to be amortized.

6 0

3 years ago

In an efficient market, professional portfolio management can offer all of the following benefits except which of the following?

konstantin123 [22]

Answer:

A. A superior risk-return trade-off

Explanation:

In a normal and efficient market a professional portfolio management service is able to offer Low-cost diversification, A targeted risk level, and even a Low-cost record keeping. What they cannot offer is a superior risk-return trade-off, this is because risk-return holds a very correlated trade-off in which the higher amount of risk your portfolio holds the higher returns you can get from it, but this does not get rid of the risk which can cause you to lose all of your money. Therefore "superior" is unnachievable.

6 0

3 years ago

Please help me with this account question I'm tryna make entries ​

Please help me with this account question I'm tryna make entries