Canterra Co. incurs $160,000 of overhead costs each year in its three main departments, setup($10,000), machining ($110,000), and packing ($40,000). The setup department performs 40 setups per year, the machining department works 5,000 hours per year, and the packing department packs 500 orders per year. Information about Canterra's 2 products is as follows: ...................................................Product One............Product Two Number of setups...................................20...........................20 Machining Hours................................1,000......................4,000 Orders packed.......................................150.........................350 Number of Products Manufactured........600.........................400 Using ABC, How much of correspondence costs will be assigned to Department B? How much account rerification costs will be assigned to Department A?
In: Accounting
how has unemployment in south africa affected the south african youth and what are the possible solutions?
In: Economics
Data for January for Corporation and its two major business segments, North and South, appear below:
| Sales revenues, North | $660,000 |
| Variable expenses, North | $383,000 |
| Traceable fixed expenses, North | $79,000 |
| Sales revenues, South | $510,000 |
| Variable expenses, South | $291,000 |
| Traceable fixed expenses, South | $66,000 |
In addition, common fixed expenses totaled $179,000. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:
In: Accounting
QUESTION 5
|
When we think of "traditional" economies, we think of land ownership being concentrated among a tiny few. Was this the case in the South before the Civil War? |
| a |
Yes, especially in the case of plantations where large-scale production of export commodities (especially cotton and tobacco) was practiced. |
|
| b |
No, the South was the paradise of the small independent farmer. |
|
| c |
No, the South was characterized by hundreds of small plantations, growing cities, massive immigration, and rapid technological development. |
|
| d |
No, because the South was mainly wilderness. |
In: Economics
The Quick Pass CPA Review Co., charges $10,000 for its review classes, and offers a money-back guarantee, if the student does not pass on the first try. The company collected $500,000 from students in its first class, which was held from July through October of 2019. Since the grades of the students on the November test will not be known until January 2020, the owner of Quick Pass intends to not recognize any income until the number of students who actually passed is known, so that he can report income and refund in the same year. What is your advice to your client?
In: Accounting
(CO 3) Using the following information regarding actual sales
for Paradise Pools, calculate the seasonal ratio for June of Year
3.
|
Sales for Paradise Pools ($000s) |
||
|
Month |
First Year |
Second Year |
|
January |
84 |
84 |
|
February |
80 |
82 |
|
March |
88 |
98 |
|
April |
100 |
120 |
|
May |
150 |
160 |
|
June |
200 |
210 |
|
July |
240 |
250 |
|
August |
220 |
215 |
|
September |
180 |
195 |
|
October |
160 |
165 |
|
November |
120 |
130 |
|
December |
92 |
100 |
Group of answer choices
1.41
0.77
0.67
1.08
In: Accounting
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In: Accounting
A. On June 10, Crane Company purchased $9,000 of merchandise on account from Pronghorn Company, FOB shipping point, terms 2/10, n/30. Crane pays the freight costs of $550 on June 11. Damaged goods totaling $350 are returned to Pronghorn for credit on June 12. The fair value of these goods is $80. On June 19, Crane pays Pronghorn Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Prepare separate entries for each transaction on the books of
Crane Company. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. Record
journal entries in the order presented in the
problem.)
B.
|
In: Accounting
To what extent does the election of Barack Obama as President of the United States of America affirm the Jeffersonian ideals of equality expressed in the Declaration of Independence? Has equality been fully realized in America? (300 words)
In: Economics
In a knowledge economy, knowledge is the intensive factor of production. Comparing China and America, which country do you think has competitive advantage in a knowledge economy, China or America? Explain and justify your answer.
In: Economics