1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
2 years ago
12

Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run

monthly usage of staff hours for Operating Departments 1 and 2 follow. Department 1 Department 2 Total Short-run usage (hours) 80,000 120,000 200,000 Long-run usage (hours) 90,000 110,000 200,000 If Soprano uses dual-cost accounting procedures and fixed administrative costs total $1,000,000, the amount of fixed administrative costs to allocate to Department 1 would be:
Business
1 answer:
Nuetrik [128]2 years ago
8 0

Answer:

$850,000

Explanation:

Total Hours of Department 1=$80,000+$90,000

=$170,000/$200,000*1000,0000

You might be interested in
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April
elena55 [62]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Total Cost Production (units)

April $119,400 281,300

May 92,000 162,800

June 99,000 238,000

<u>To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (119,400 - 92,000) / (281,300 - 162,800)

Variable cost per unit= $0.231

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 119,400 - (0.231*281,300)

Fixed costs= $54,701

7 0
3 years ago
Cullumber Company has the following transactions during August of the current year. Aug. 1 Opens an office as a financial adviso
Flauer [41]

Answer:

  • Aug 1  Cash   $4000 Dr

                          Common Stock    $4000 C

  • Aug 4  Prepaid Insurance  $1500 Dr

                           Cash                           $1500 Cr

  • Aug 16  Cash   $400 Dr

                            Service Revenue    $400 Cr

  • Aug 27  Salary Expense   $1000 Dr

                            Cash                       $1000 Cr  

Explanation:

  • Aug 1.  The transaction relates to owner's investment in the business/company thus we debit the cash coming into the business and credit common stock as both are increasing.

  • Aug 4.  The insurance paid in advance is a current asset for the business. So, we debit the prepaid insurance account as the asset is increasing and credit the cash account as it is decreasing due to payment for insurance.

  • Aug 16.  400 received is the service revenue and as the revenue is increasing, we credit it. We are receiving cash so we debit the cash account.

  • Aug 27.  The payment of salary is an expense and as expense is increasing, we debit the salary expense account and credit the cash account as cash is decreasing.

3 0
3 years ago
Several years ago the jakob company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00% annual coupon tha
Triss [41]
<span>If several years ago, the Jakob company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually, then the after-tax cost of debt of the firm will be 4.65%.</span>
8 0
3 years ago
A change in the amount of sales can be due to either a change in the units sold or a change in price or both.
olga55 [171]

Answer:

true

Explanation:

The amount of sales variables (units sold and price) are correlated then a change in 1 will always alter the other.

5 0
3 years ago
The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts ha
trasher [3.6K]

Answer and Explanation:

The preparation of the income statement is presented below:

Service revenue $634,900

Less:

Depreciation Expense $10,000

Insurance Expense 9,000

Miscellaneous Expense 8,150

Rent Expense 60,000

Supplies Expense 4,100

Utilities Expense 44,700

Wages Expense 548,200

Net loss -$49,250

6 0
3 years ago
Other questions:
  • Bonni wants to go into business for herself and knows she can start a corporation over the Internet. Instead she chooses to inve
    6·1 answer
  • Some employees at a local business heard that the business was going to increase its use of information systems. Which of the fo
    13·2 answers
  • Which of the following is an advantage associated with the matrix organization? ​ a. Hard to monitor and control. b. Shorter res
    7·2 answers
  • Evan and Sia Steele are wealthy entrepreneurs who are very interested in helping children who have been abused. What philosophy
    11·1 answer
  • Abba, Inc. has developed the following standards for one of its products: Direct materials - 1/2 pound at $6.00 per pound Direct
    13·1 answer
  • Select ALL the correct answers!
    13·2 answers
  • The purpose of the general journal is to show accounting events in their __________ sequence.
    5·1 answer
  • As the interest rate __________, the opportunity cost of holding money __________ and individuals choose to hold __________ mone
    11·1 answer
  • If a building has 18,000 square feet of useable space and 2,000 square feet of common area, the rentable/useable factor would be
    10·1 answer
  • The current value in today's dollars of a future sum of money is called :______
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!