Entries by Hannah Wangui

Companies can choose from different costing methods: process/product costing and activity-based costing.

Companies can choose from different costing methods: process/product costing and activity-based costing   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Company manufactures three types of snack foods

Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation $31,875.00 Indirect labor 79,688.00 Factory electricity 7,969.00 Indirect material 35,788.00 Selling expenses 24,800.00 Administrative expenses 19,100.00 Total costs $199,220.00 Amount Descriptions Potato chips Pretzels Setup Quality […]

 

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Enter into a lease agreement for bakery space.

July 7: Enter into a lease agreement for bakery space. The agreement is for 1 year. The rent is $1,500 per month, and the last month’s rent payment of $1,500 is required at time of lease agreement. The payment was made in cash. Lease period is effective July 1, 2018, through June 30, 2019.   […]

 

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Sales, Production

Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for July is summarized as follows: a. Estimated sales for July by sales territory: Maine: Backyard Chef […]

 

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