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Basile [38]
2 years ago
3

Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets

to its commercial customers. Company personnel who earn $180,000 typically perform both tasks; other firm-wide overhead is expected to total $70,000. These costs are allocated as follows:
Bouquet Production Delivery Other
Wages and salaries 60% 30% 10%
Other overhead 50% 35% 15%


Riverside anticipates making 20,000 bouquets and 4,000 deliveries in the upcoming year. The cost of wages and salaries and other overhead that would be charged to each bouquet made is closest to:

a. $12.50.
b. $7.15.
c. some other amount.
d. $8.75.
e. $13.75.
Business
1 answer:
aleksandrvk [35]2 years ago
7 0

Answer:

b. $7.15

Explanation:

Cost of wages & salaries per bouquet = [($180,000*60%) + ($70,000*50%)] / 20,000

Cost of wages & salaries per bouquet = ($108,000 + $35,000) / 20,000

Cost of wages & salaries per bouquet = $143,000 / 20,000

Cost of wages & salaries per bouquet = $7.15

So, the cost of wages and salaries and other overhead that would be charged to each bouquet made will be $7.15.

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2 years ago
Madisun Company issued common stock for proceeds of $20,000 during 2020. The company paid dividends of $5,000. The company also
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Answer:

Net cash flows from financing activities is $24,000

Explanation:

Cash flow from financing activities:

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4 0
3 years ago
Pharoah Company reported net income of $184,850 for 2017. Pharoah Company also reported depreciation expense of $33,700 and a lo
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Answer:

$219,700

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Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $184,850

Adjustment made:

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Less: Increase in accounts receivable -$15,150

Add: Increase in accounts payable $15,640

Less: Increase in prepaid expenses -$4,030

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4 0
3 years ago
In contemporary Japanese society, a group is associated with:______
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d. the company a person works for.

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In contemporary Japanese society, a group is associated with the company a person works for.

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Hence, the company or organization an individual works for, is usually considered to be a group in the contemporary Japanese society.

This is so because employees are blinded by a common goal, aim, interest to allow them work effortlessly, effectively and efficiently together.

3 0
3 years ago
2 students are considering operating a fruit smoothie stand during their summer break. this is an alternative to summer employme
kotegsom [21]
<span>The accounting cost of running the smoothing stand for the summer is $13,135.90. To find this, we must first figure out which numbers given in the problem are relevant. Since we are dealing with accounting cost (and not economic cost), we know that we can ignore the opportunity cost ($2865 in foregone wages). We also can ignore the price of the smoothies since we do not need to compute revenue in order to determine accounting cost. Thus, the relevant numbers are $8130 for the lease, $2239 for insurance, the per unit cost of $2.3, and the total quantity of 1203. To find the accounting cost, we simply need to add our fixed costs and our variable costs. The fixed costs are given as $8130 and $2239. FC=8130+2239=$10369. Our variable cost, VC=2.3q, and we are told q=1203. Thus VC=2.3(1203)=$2766.90. To find our Total accounting costs, simply add fixed costs plus variable costs. FC+VC=2766.90+10369=$13135.90.</span>
7 0
3 years ago
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