Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $21,230 690 research hours Meeting with clients $1,205,892 7,353 meeting hours Preparing documents $92,590 5,790 documents The activity rate for the "meeting with clients" activity cost pool is.
Q: The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed…
A: Step 1: Completion of Financial Data ColumnsStatement of EarningsSales RevenueCalculate the…
Q: Answer Please
A: Step 1:Step 2:Step 3:Step 4:
Q: ! Required information [The following information applies to the questions displayed below.] Diego…
A:
Q: Baltimore Manufacturing had a Work in Process balance of $64,000 on January 1, 2018. The year-end…
A: Step 1: Understanding the Concepts • Work in Process (WIP): Represents the cost of partially…
Q: Manufacturing costs are estimated to be $360,000 and $450,000 for July and August respectively.…
A: First, we need to calculate the cash manufacturing costs for July and August. The total…
Q: A8
A: Given information, Annual net cash flows = $56,100Initial investment = $336,600 Calculate the cash…
Q: RAMI has owned and operated a proprietorship for several years. On January 1, 2018, he decides to…
A: Detailed explanation:Journal entry in the books of the partnership, ASMA and RAMI, for the…
Q: None
A:
Q: Operating data for Windsor Corporation are presented below. Net sales 2020 $570,000 Cost of goods…
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: Problem 8-12 Modified Accelerated Cost Recovery System (MACRS) and Bonus Depreciation, Listed…
A: Thanks!
Q: No chatgpt used i will give 5 upvotes typing please
A: Step 1: Locating the points of full load slip and maximum slip on torque slip characteristics of…
Q: Provide 10, 11 and 12 Question answer please all otherwise I give negative
A: Question : 10 AnswerStep 1: Introduction to Taxable Income of a Corporation:Taxable income refers to…
Q: A plant asset was acquired on January 1, 2008, has a cost of $24,000 and a salvage value of $6,000.…
A: There are three main methods of depreciation: straight-line, declining balance, and…
Q: of equipment have an initial investment of $728,831. The net cash flows estimated for the two…
A: First, we need to calculate the present value of net cash flows for both the Diamond Core Drill and…
Q: 1 The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the…
A: Step 1: Sales = $1,394,000 Selling price per pair of skis = $410 Number of units sold = Sales /…
Q: The purchasing department buys the quantities of raw materials that are expected to be used in…
A: Step 1: Compute the Materials Price VarianceMaterials Price Variance=(Actual Price−Standard…
Q: Give accounting Defination
A: Accounting is a systematic process of recording, summarizing, analyzing, and reporting financial…
Q: ni.3
A: Step 1: Journal entries:NumberAccount title and explanationDebitCredit1.Treasury stock$29,400 Cash…
Q: Provide answer please
A: Based on the image you sent and the information provided, we can analyze the slider-crank mechanism…
Q: Cepeda Corporation has the following cost records for June 2018: + Indirect factory labor $4,500…
A: Asset turnover is calculated as Net Revenues divided by Average Total Assets. The formula is:Net…
Q: vi.6
A: Intangible Assets:* Franchises $ 160,000* Patents $ 195,000* Total Intangible Assets $ 355,000Total…
Q: A4 please help.....
A: A-1).If K-5 is accounted for as a joint productK-2$433,890K-4$321,660K-5 $144,360 A-2). If K-5 is…
Q: A6
A: Amy's annual income is $42,000 and she is paid once a month. Therefore, her monthly gross income is…
Q: The incomplete income statement of Bridgeport Corp. follows. Sales revenue Cost of goods sold…
A: To solve this problem, we need to calculate the missing values in the income statement and determine…
Q: None
A: Step 1: If sales decline to 900 units, Net Operating Income equals the contribution margin on 900…
Q: None
A: Step 1: Introduction to Cash Flows:The cash flow statement for a firm shows the cash flows from…
Q: None
A: 202320222021Interest expense263235269Add: Loss on equity investments and warrants37862365Total…
Q: None
A: The distinction between employees and independent contractors is crucial in the field of payroll…
Q: Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions,…
A: Step 1: Determine Dividends per ShareFirst, we need to find the dividends per share declared for…
Q: Nandoni wholesalers Ltd is in the process of finalizing the business plan for 2025. The financial…
A: here's the draft Statement of Comprehensive Income for Nandoni Wholesalers for the period ended 31…
Q: please step by step solution.
A: Step 1:Step 2:Step 3: Step 4:
Q: None
A: Step 1: Introduction to Return on EquityReturn on Equity (ROE) is an important measure of how…
Q: None
A: Step 1: Definition of Non-current Assets:In accounting, non-current assets play a significant role…
Q: None
A: Step 1: Introduction to Cash Receipts:Cash receipts from customers refer to the sum received from…
Q: TimsTabletCo (TTC) produces tablet computers, and it must determine the number of units to be…
A: Decision Variables The number of units produced each month and the inventory levels at the…
Q: You sell one Hewlett Packard August 50 call contract and buy one HewlettPackard August 50 put…
A: First, let's understand the question. We are dealing with options contracts here. A call option…
Q: HUMPHREY Limited owns a property that is used as its head office in Pretoria. On 1st January 2024,…
A: (a) Operating leases and finance leases are two different methods of leasing assets, each with its…
Q: am. 116.
A: To solve this problem, we need to calculate the net operating incomes for Division A, Division B,…
Q: George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has…
A: Given: The input and output of a month in the last year and now: Last year Now Cost per unit…
Q: How much must be paid on December 20, 2014 to settle three invoices of values $129,278, $85,648, and…
A: 3/10: This indicates that if payment is received within 10 days of the invoice date, the buyer is…
Q: Rolf's Golf store sells golf balls for $32 per dozen. The store's overhead expenses are 30% of cost…
A: Rolf's Golf Store Problem Part (a): Calculating the Cost and Price of the ProductIt is necessary to…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Understand the concept of data reliability in the context of audit data analytics (ADA). Data…
Q: None
A: Please note that the Arabic portion after "66." appears to be gibberish or nonsensical, so it may…
Q: None
A: To determine the gross profit for 2018 and 2019, we need to calculate the cost of goods sold (COGS)…
Q: Amanda wants to take the next four years off work to travel around the world. She estimates her…
A: Requirement 1: Funding Travels with 12% InterestSince Amanda's savings earn interest, we can't…
Q: None
A: The formula to calculate this is:Operating Break-even Point = Fixed Costs/(1−Variable Cost Ratio)…
Q: Am.111.
A: Step 1: Direct costs related to the cosmetic department are the Department's Sales Commission,…
Q: Problem: Module 3 Textbook Problem 7 Learning Objective: 3-7 Using the straight-line method show how…
A: Step 1: Calculate the initial bond issuanceThe Square Foot Grill, Inc. issued bonds at a premium,…
Q: Superior Company has provided you with the following information before any year-end adjustments:…
A: The percentage of credit sales method is an accounting tool that companies use to estimate the…
Q: please step by step solution.
A: Step 1: Required 1: Premium = Issue price - Par value = $767,042 - $730,000 = $37,042 Premium is…
provide answer with explantion
Step by step
Solved in 2 steps with 2 images
- Baldwin Enterprises has two service departments, Personnel and Legal, and two operating divisions, Eastern and Western. Personnel costs are allocated on the basis of employees and Legal costs are allocated on the basis of hours. A summary of Baldwin operations follows: Employees Hours Department direct costs Required A Complete this question by entering your answers in the tabs below. Department costs Personnel allocation Legal allocation Total costs Costs Department costs Legal allocation Personnel allocation Total costs Personnel Required B Required C Legal Required: a. Allocate the cost of the service departments to the operating divisions using the direct method. b. Allocate the cost of the service departments to the operating divisions using the step method. Start with Legal. c. Allocate the cost of the service departments to the operating divisions using the reciprocal method. From Total Allocate the cost of the service departments to the operating divisions using the direct…Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: \table[[,IT,HR,Publishing,Binding],[,0,1,550,2,480,2,170],[IT tickets,16,0,24,40],[\table[[Employees],[Department direct costs]],$154,000,$248,400,$432,000,$395,000Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: IT tickets Employees Department direct costs Service department costs IT allocation HR allocation Total costs allocated IT $ IT 0 27 $ 151,000 0 $ HR Required: Use the direct method to allocate these service department costs to the operating departments. 1,400 0 Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations. Round "Publishing" and "Binding" answers to 2 decimal places. HR $247,500 Publishing 1,400 35 $430,000 0 Publishing 0 $ Binding 4,200 51 $ 390,000 0.00 $ Binding 0.00
- Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: IT tickets Employees Department direct costs IT HR e 16 1,550 0 Publishing 2,480 Binding 2,170 24 40 $ 154,000 $ 248,400 $ 432,000 $395,000 es Woodstock Binding estimates that the variable costs in the IT Department total $115,000, and in the HR Department variable costs total $145,000. Avoidable fixed costs in the IT Department are $18,500. Required: If Woodstock Binding outsources the IT Department functions, what is the maximum it can pay an outside vendor without increasing total costs? Note: Do not round intermediate calculations. Maximum amountHoustin Partners provides management consulting services to government and corporate clients. Houstin has two support departments-administrative services (AS) and information systems (IS)-and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2017, Houstin's cost records indicate the following: E (Click the icon to view the cost records.) Read the requirements. ..... intermediary calculations and round your final answers balances.) Data table SUPPORT OPERATING AS IS GOVT CORP Total Budgeted overhead costs before any interdepartment cost allocations Support work supplied by AS (budgeted head count) Support work supplied by IS (budgeted computer time) $ 390,000 $ 2,100,000 $ 7,500,000 $ 12,420,000 $ 22,410,000 25% 45% 30% 100% 10% 36% 54% 100% Requirements Print Done 1. Allocate the two support departments' costs to the two operating departments using the following methods: а. Direct method b. Step-down method (Allocate AS…A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950
- Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: IT tickets Employees Department direct costs Service department costs IT allocation HR allocation Total costs allocated IT IT 0 33 $ 157,000 HR HR 1,500 0 $ 247,500 Publishing 1,500 41 $ 430,000 Required: Use the direct method to allocate these service department costs to the operating departments. Note: Amounts to be deducted should be Indicated by a minus sign. Do not round Intermediate calculations. Round "Publishing" and "Binding" answers to 2 decimal places. Binding Publishing 4,500 57 $ 390,000 AL BindingFollowing items belong to the revenue, expenditure, human resources/payroll, production, or financing cycle. Classify each item based on the cycle it belongs to. a. Pay pay-as-you-earn (PAYE) payroll taxes b. Send material requisition to inventory c. Issue stock to investors d. Borrow money from the bank to purchase a new factory e. Complete receiving report f. Appoint replacement purchasing clerk g. Measure employee performance using a performance management system h. Choose suitable supplier of raw materials i. Ensure employees are up to date with the latest tax provisions j. Record personal and tax information for new employeesWoodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: IT tickets Employees Department direct costs. IT HR 0 16 1,525 0 Publishing 2,440 24 $ 152,000 $ 247,950 $ 431,000 Binding 2,135 40 $ 392,500 Woodstock Binding estimates that the variable costs in the IT Department total $112,500, and in the HR Department variable costs to $142,500. Avoidable fixed costs in the IT Department are $18,250. Required: If Woodstock Binding outsources the IT Department functions, what is the maximum it can pay an outside vendor without increasing total costs? Note: Do not round intermediate calculations. × Answer is complete but not entirely correct. Maximum…
- Solomon Information Services, Incorporated, has two service departments: human resources and billing. Solomon's operating departments, organized according to the special Industry each department serves, are health care, retall, and legal services. The billing department supports only the three operating departments, but the human resources department supports all operating departments and the billing department. Other relevant information follows. Number of employees Annual cost Annual revenue Req A1 Human Resources Department Reg A2 Billing Health Care Retail Legal Services Total *This is the operating cost before allocating service department costs. Allocation Rate 20 Req B1 $ 900,000 Complete this question by entering your answers in the tabs below. x X Billing Required a. Allocate service department costs to operating departments, assuming that Solomon adopts the step method. The company uses the number of employees as the base for allocating human resources department costs and…Objective: Consider that you are an analyst at Regeneron Pharmaceuticals. You need to decide how to allocate administrative overhead costs to Regeneron's main commercial products (Eylea, Dupixent, Kevzara and Praluent). Determine how to appropriately allocate the costs in the table below to each of the commercial products using an allocation methodology of your choice. Department2019 Annual Operating ExpenseTime spent supporting Commercial productsCommercial$200MM100%IT$100MM25%Facilities$150MM0%Finance$25MM20%Human Resources$75MM10% Use the supporting document Net Product Sales of REGN Products to facilitate your analysis. Provide a written summary of how you allocated the overhead costs to each product in an outline of no more than one page. As a starting point, it's recommended that you revisit the material we covered in Chapter 12. Guidance on calculations:Start off with Net Product Sales of REGN Products. Your objective pertains to 2019 expenses, so you should be reviewing 2019…Comprehensive support department allocationsManagement at C. Pier Press has decided to allocate costs of the paper’s two support departments (administration and human resources) to the two revenue-generating departments (advertising and circulation). Administration costs are to be allocated on the basis of dollars of assets employed; human resources costs are to be allocated on the basis of number of employees. The following costs and allocation bases are available: Department Direct Costs Number of Employees Assets Employed Administration $1,094,100 14 $541,940 Human resources 689,780 11 408,380 Advertising 1,340,920 17 1,067,360 Circulation 1,893,640 36 2,618,420 Totals $5,018,440 78 $4,636,100 c. Assuming that the benefits-provided ranking is the order shown in the table, use the step method to allocate the support department costs to the revenue-generating departments.Note: Round your final answers only to the nearest whole dollar. Amount allocated…