Entries by mary WAMBUGU

Anna Company provides the following information for their first year of operations in 2018: Sales, 9,000 units @ $20 each

August 24, 2019 in /by

Question Anna Company provides the following information for their first year of operations in 2018:            Sales, 9,000 units @ $20 each            Total production, 11,000 units      Production costs per unit:         Direct materials           $2.00                     Direct labor                  $4.00                     Variable overhead       $2.00            Fixed manufacturing overhead      $9,000 Anna Company uses absorption costing. Use this information to determine for Anna Company the FY 2018 Cost […]

 

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Anita Company has two service departments (Computer Operations & Maintenance Services). Anita has two production departments (Mixing Department & Packaging Department.)

August 24, 2019 in /by

Question Anita Company has two service departments (Computer Operations & Maintenance Services). Anita has two production departments (Mixing Department & Packaging Department.) Anita uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Computer Operations has costs of […]

 

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On July 12, 2017, Browning Corporation acquired Smith Company in a business combination. As a result of the combination, the following amounts of goodwill were recorded for each of the three reporting units of the acquired company.

August 24, 2019 in /by

Question 1. On July 12, 2017, Browning Corporation acquired Smith Company in a business combination. As a result of the combination, the following amounts of goodwill were recorded for each of the three reporting units of the acquired company. Retailing  $60,000 Service    $40,000 Financing  $80,000 Near the end of 2017 a new major competitor entered the company’s market and […]

 

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The following totals are used to create the CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures

August 24, 2019 in /by

Question The following totals are used to create the CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units) $10,000 Variable Costs:      Direct Labor $1,850      Direct Materials 1,800      Factory Overhead (variable) 2,000      Selling Expenses (variable) 600      Administrative Expenses (variable) 500 Fixed Costs:      Factory Overhead […]

 

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