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gayaneshka [121]
3 years ago
14

Activity-based costing for a service business

Business
1 answer:
shtirl [24]3 years ago
3 0

Answer:

a. $56

b. $95

Explanation:

The computation is shown below:

a, The total monthly activity-based cost for Corner Cleaners Inc is

= $3.50 × 12 + $0.12 × 100 + $0.10 × 20

= $42 + $12 + $2

= $56

b  the total activity-based cost for Campbell’s visit i

= $8 × 1 + $25 × 3 + $4 × $3

= $8 + $75 + $12

= $95

Hence, the same should be considered and relevant

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lisabon 2012 [21]

Answer:

Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.

Explanation:

When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.

On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.

She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.

7 0
3 years ago
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Uncertainties such as natural disasters are: Select one: a. Estimated liabilities because the amounts are uncertain. b. Not cont
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Answer:

d. Disclosed because of their usefulness to financial statements.

Explanation:

A <em>liability</em> is a present obligation (Legal or Constructive) of an Entity that arises as a result of a past event and the settlement of which will result from an out flow of cash from the entity.

One class of Liability that relate to the case is a <em>Provision</em>.A provision is a liability whose amount can be determined with certainty.

A liability whose amount can not be determined with certainty is known as a <em>Contingent liability</em>.A contingent liability is not presented in the financial statements but is  only disclosed in the Financial Statements.

6 0
3 years ago
Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 6 and MUb/Pb = 4. Ben should purc
yaroslaw [1]

Answer:

Option (a) is correct.

Explanation:

Given the marginal utility per dollar for the two products as follows:

\frac{MU_{a} }{P_{a} } =6

\frac{MU_{b} }{P_{b} } =4

All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.

It is going on until the point at which marginal utility per dollar of both the products becomes equal.

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The _____ market is a market in which the demand for and supply of money determine an interest rate or opportunity cost of holdi
jek_recluse [69]

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Money

Explanation:

4 0
3 years ago
1. Sheetz Company is purchased by Pulsar Corporation, at an acquisition cost that is $25,000,000 greater than the fair value of
emmasim [6.3K]

Answer:

a. Dr goodwill; credit building for $8,000,000

Explanation:

Goodwill refers to excess of purchase consideration over net assets value of an entity in case of acquisition.

Goodwill is an intangible asset which is recorded as follows on the date of acquisition.

Journal entry for Goodwill is;

Goodwill A/C                             Dr

Net Assets Acquired                 Dr.

     To Purchase Consideration

(Being goodwill recorded)

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Goodwill A/C ($15,000,000- $7,000,000)  Dr. $8,000,000

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(Being goodwill recorded)

5 0
3 years ago
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