Question
In: Accounting
I seen to be having trouble calculating the problem Step down method allocation CR - 10%...
I
seen to be having trouble calculating the problem
Step down method allocation
CR - 10%
Programming. 10%. -
Checking. 60%. 45%
Mortgage. 30%. 45%
Budgeted cost = CR. 460,000
=. Programming. 690,000
Allocate budgeted cost to checking and mortgage dept
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Allocation: Direct Method and Step down Method Please show work Required: 1) Allocate the personnel and...
Allocation: Direct Method and Step down Method
Please show work
Required:
1) Allocate the personnel and engineering costs to the
production departments using the direct method
2) Allocate the personnel and engineering costs to the
production departments using the step down method
-company has Two production departments:
processing
assembly
-company also has Two service departments:
personnel
engineering
Company budget for August 2014 is:
Service departments:
Personnel:
direct costs is 64,000
square feet 4,000
# of employees 30
Engineering:
direct costs...
Hi. I am running into trouble solving the problem below and would greatly appreciate a step-by-step...
Hi. I am running into trouble solving the problem below and
would greatly appreciate a step-by-step explanation on how to
arrive at the correct answers and explanations:
SHIELD, Inc., uses a standard costing system and develops its
overhead rates from the current annual budget. The budget is based
on an expected annual output of 120,000 units requiring 480,000
direct labor hours. (Practical capacity is 500,000 hours.) Annual
budgeted overhead costs total $787,200, of which $556,800 is fixed
overhead. A total...
I'm having trouble figuring out the constraints to this problem. I know that I am maximizing...
I'm having trouble figuring out the constraints to this problem.
I know that I am maximizing 55x + 45y, however the variables are
throwing me off. I only need help on question #1 as it would be a
great help to understanding the rest of what the questions are
asking. The problem is as follows:
NorCal Outfitters manufactures a variety of specialty gear for
outdoor enthusiasts. NorCal has decided
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complex multi-step income statement I am having trouble finding good examples of a multi-step income statement...
complex multi-step income statement
I am having trouble finding good examples of a
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one type of service (my example is consulting and sales).
Does unearned revenue go somewhere on a multi-step
income statement? I've found conflicting information online...
Having trouble calculating the error of a diluted solution in a 100mL volumetric flask. Concentration is...
Having trouble calculating the error of a diluted solution in a
100mL volumetric flask. Concentration is 0.005 +/- 0.005M Amount of
Concentrated solution: 5.0mL +/- 0.1mL Volumetric flask: 100mL +/-
0.08mL
My calculation so far is
((0.1/5)+(0.005/0.005)+(0.08/100))*.00025 I keep getting 0.0002552
as my error but the answer key is 0.00003. Whats wrong in my
formula?
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires...
Support Department Cost Allocation Using the Step or
Sequential Method
The step or sequential method requires that support departments
be ranked and that the highest ranking support department be
allocated first to all lower ranking support departments and the
producing departments. Then the highest ranking support department
is closed and the second-highest ranking support department is
allocated to lower ranking support departments and the producing
departments. This continues until all support department cost has
been allocated to the producing departments....
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires...
Support Department Cost Allocation Using the Step or
Sequential Method
The step or sequential method requires that support departments
be ranked and that the highest ranking support department be
allocated first to all lower ranking support departments and the
producing departments. Then the highest ranking support department
is closed and the second-highest ranking support department is
allocated to lower ranking support departments and the producing
departments. This continues until all support department cost has
been allocated to the producing departments....
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires...
Support Department Cost Allocation Using the Step or
Sequential Method
The step or sequential method requires that support departments
be ranked and that the highest ranking support department be
allocated first to all lower ranking support departments and the
producing departments. Then the highest ranking support department
is closed and the second-highest ranking support department is
allocated to lower ranking support departments and the producing
departments. This continues until all support department cost has
been allocated to the producing departments....
I was able to calculate (a) but I am having trouble with the calculations of (b)....
I was able to calculate (a) but I am
having trouble with the calculations of (b). Thanks!
The following are New York closing
rates for A$/US$ and $/£:
A$/$
=
1.5150; $/£
= $1.2950
(a)
Calculate the cross rate for £ in terms of A$ (A$/£).
(b)
If £ is trading at A$1.95/£ in London (cross market) on the same
day, is there an arbitrage opportunity? If so, show how
arbitrageurs with £ could profit from this opportunity and
calculate the arbitrage...
I am having difficulty figuring out the rest of this problem, primarily with regards to calculating...
I am having difficulty figuring out the rest of this problem,
primarily with regards to calculating APIC and Retained earnings
for Stock Dividends. Also, I need assistance with the fourth
problem, how to calculate the total value of shareholders'
equity.
Could you please help show me how to solve?
Accounting for Share Transactions
The shareholders' equity section of the consolidated balance sheet
of Wilson Industries appeared as follows at the beginning of the
year:
Shareholders' Equity
Class A common stock,...
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