Homework Answers
Calculate machine Cost
| Original Cost | 14000 |
| Installation Cost | 3000 |
| Insurance in transit | 2000 |
| Total Cost | 19000 |
So answer is b) $19000
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Danube Corp. puschased a used machine for $14.000 The machine required installation costs of 53.000 and...
Cal A new machine with a purchase price of $93400, with transportation costs of $9,941, installation...
Cal A new machine with a purchase price of $93400, with transportation costs of $9,941, installation costs of $6,155, and special acquisition fees of $2,585, would have a cost basis of O $102,140 O $112.081 O $9.555 Od 193400
A used machine with a purchase price of $38,727, requiring an overhaul costing $8,283, installation costs...
A used machine with a purchase price of $38,727, requiring an overhaul costing $8,283, installation costs of $6,032, and special acquisition fees of $13,110, would have a cost basis of
Multiple-Choice Exercise 7-1 Anniston Company purchased equipment and incurred the following costs: Purchase price $52,000 Cost...
Multiple-Choice Exercise 7-1 Anniston Company purchased equipment and incurred the following costs: Purchase price $52,000 Cost of trial runs 750 Installation costs 250 Sales tax 2,600 What is the cost of the equipment? Oa. $52,000 Ob. $54,600 Oc. $54,850 Od. $55,600 Multiple-Choice Exercise 7-2 The cost principle requires that companies record tangible capital assets at: Oa. fair value. Ob. book value. Oc. historical cost. d. market value. Multiple-Choice Exercise 7-3 When depreciation expense is recorded each period, what account is...
Pinacle Corp. budgeted $218,870 of overhead cost for the current year. Actual overhead costs for the...
Pinacle Corp. budgeted $218,870 of overhead cost for the current year. Actual overhead costs for the year were $202,840. Pinacle's plantwide allocation base, machine hours, was budgeted at 46,230 hours. Actual machine hours were 48,160. A total of 105,910 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: O a $4.73 per machine hour Ob. $2.07 per machine hour Oc. $4.39 per machine hour Od. $1.92 per...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $22,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine neede...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $27,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $15,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $27,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $22,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
help Kiddy Toy Corporation needs to acquire the use of a machine to be used in...
help
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $15,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables...
Cal A new machine with a purchase price of $93400, with transportation costs of $9,941, installation costs of $6,155, and special acquisition fees of $2,585, would have a cost basis of O $102,140 O $112.081 O $9.555 Od 193400
Multiple-Choice Exercise 7-1 Anniston Company purchased equipment and incurred the following costs: Purchase price $52,000 Cost of trial runs 750 Installation costs 250 Sales tax 2,600 What is the cost of the equipment? Oa. $52,000 Ob. $54,600 Oc. $54,850 Od. $55,600 Multiple-Choice Exercise 7-2 The cost principle requires that companies record tangible capital assets at: Oa. fair value. Ob. book value. Oc. historical cost. d. market value. Multiple-Choice Exercise 7-3 When depreciation expense is recorded each period, what account is...
Pinacle Corp. budgeted $218,870 of overhead cost for the current year. Actual overhead costs for the year were $202,840. Pinacle's plantwide allocation base, machine hours, was budgeted at 46,230 hours. Actual machine hours were 48,160. A total of 105,910 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: O a $4.73 per machine hour Ob. $2.07 per machine hour Oc. $4.39 per machine hour Od. $1.92 per...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $27,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $15,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $27,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $22,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)...
help
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $15,000 at the end of its useful life. Lollie has presented Kiddy with the following options: (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables...
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