Having trouble with Part 2, 3 and 5, the Activity Method and the CCA. I can't get the correct steps.
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Having trouble with Part 2, 3 and 5, the Activity Method and the
CCA. I can't...
just having trouble with the formula thanks salary of $152,000. The law firm expects her to...
just having trouble with the formula
thanks
salary of $152,000. The law firm expects her to spend 1,900 hours a year on attorney billing hours. Fimm attorneys are expected to work a total of 20,000 direct e total indirect costs for the upcoming year will be $600,000. direct labor cost Johnson Associates, a law firm, hires Aitor Annual salary performing legal work for clients. Indirect Baling hours labor hours this year. Before the fiscal yea Direct labor Read the requirements....
Please Show all work for part B :) Problem 9-08A (Part Level Submission) In recent years,...
Please Show all work for part B :)
Problem 9-08A (Part Level Submission) In recent years, Cullumber Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Depreciation Method Useful Life (In years) Salvage Value Acquired Cost Machine Straight-line 10 $34,000 $134,000 Jan. 1, 2020 1...
P11-11. (Depreciation for Partial Periods—SL, Act., SYD, and DDB) (LO 1, 2) On January 1, 2015,...
P11-11. (Depreciation for Partial Periods—SL, Act., SYD, and DDB) (LO 1, 2) On January 1, 2015, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 20,000 hours; 2016, 25,000 hours; 2017, 15,000 hours; 2018, 30,000 hours; and 2019,...
5. Younger Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased...
5. Younger Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2010, at a cost of $168,000.Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Instructions: (a) Compute the depreciation cost per unit. () Prepare a depreciation schedule assuming actual mileage Computation End of Year Annual Units of Depreciation Depreciation Accumulated Book Year Activity X Cost/Unit - Expense Depreciation Value...
Need urgent help.... ASAP Seved 15 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2) 57...
Need urgent help.... ASAP
Seved 15 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2) 57 ints On March 31, 2021, Canseco Plumbing Faxtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life Is expected to be $8,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively Skipped Required: a. Calculate depreciation expense for 2021 and 2022 using straight line...
TB MC Qu. 5-46 The Macon Company uses the high-low... The Macon Company uses the high-low...
TB MC Qu. 5-46 The Macon Company uses the high-low... The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours 20,000 8,000 Busiest month (June) Slowest month (December) Direct Labor Costs $250,000 $ 127,000 If Macon expects to use 14,500 machine hours next month, what are the estimated direct labor costs? O $172,000. O $179,125. $193,625. $148,625. O The Missou Manufacturing Company recorded overhead costs of $14,202...
Exercise 9-5 (Part Level Submission) Yello Bus Lines uses the units-of-activity method in depreciating its buses....
Exercise 9-5 (Part Level Submission)
Yello Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2015,
at a cost of $305,082. Over its 4-year useful life, the bus is
expected to be driven 206,300 miles. Salvage value is expected to
be $8,010.
Prepare a depreciation schedule assuming actual mileage was:
2015, 52,400; 2016, 58,500; 2017, 51,100; and 2018, 44,300.
(Round cost per unit to 2 decimal places, e.g. 15.25
and all other...
Exercise 22-3 Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours....
Exercise 22-3
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$1.10
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $3,600, Depreciation
$1,800, and Property Taxes $800. The company believes it will
normally operate in a range of 7,700–11,000 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2017
for the expected range of...
Part I Classify each of the following expenditures related to the purchase of a new computing...
Part I Classify each of the following expenditures related to the purchase of a new computing system of Solar Company as capital expenditure or revenue expenditure: (a) Purchase price, net of sales discount, of the computing system (b) Sales tax paid in conjunction with the purchase of the computing system (c) Insurance expense for delivery of the computing system (d) Interest charges on a note payable issued by Solar Company for part of the purchase price of the computing system...
On January 1, 2014, a machine was purchased for $120,000. The machine has an estimated salvage...
On January 1, 2014, a machine was purchased for $120,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 6 years. The machine can operate for 200,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2014, 35,000 hrs; 2015, 45,000 hrs; 2016, 55,000 hrs; 2017, 30,000 hrs; 2018, 20,000 hrs; 2019, 15,000 hrs. (a) Compute the annual depreciation charges over the...
just having trouble with the formula
thanks
salary of $152,000. The law firm expects her to spend 1,900 hours a year on attorney billing hours. Fimm attorneys are expected to work a total of 20,000 direct e total indirect costs for the upcoming year will be $600,000. direct labor cost Johnson Associates, a law firm, hires Aitor Annual salary performing legal work for clients. Indirect Baling hours labor hours this year. Before the fiscal yea Direct labor Read the requirements....
Please Show all work for part B :)
Problem 9-08A (Part Level Submission) In recent years, Cullumber Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Depreciation Method Useful Life (In years) Salvage Value Acquired Cost Machine Straight-line 10 $34,000 $134,000 Jan. 1, 2020 1...
P11-11. (Depreciation for Partial Periods—SL, Act., SYD, and DDB) (LO 1, 2) On January 1, 2015, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 20,000 hours; 2016, 25,000 hours; 2017, 15,000 hours; 2018, 30,000 hours; and 2019,...
5. Younger Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2010, at a cost of $168,000.Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Instructions: (a) Compute the depreciation cost per unit. () Prepare a depreciation schedule assuming actual mileage Computation End of Year Annual Units of Depreciation Depreciation Accumulated Book Year Activity X Cost/Unit - Expense Depreciation Value...
Need urgent help.... ASAP
Seved 15 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2) 57 ints On March 31, 2021, Canseco Plumbing Faxtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life Is expected to be $8,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively Skipped Required: a. Calculate depreciation expense for 2021 and 2022 using straight line...
TB MC Qu. 5-46 The Macon Company uses the high-low... The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours 20,000 8,000 Busiest month (June) Slowest month (December) Direct Labor Costs $250,000 $ 127,000 If Macon expects to use 14,500 machine hours next month, what are the estimated direct labor costs? O $172,000. O $179,125. $193,625. $148,625. O The Missou Manufacturing Company recorded overhead costs of $14,202...
Exercise 9-5 (Part Level Submission)
Yello Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2015,
at a cost of $305,082. Over its 4-year useful life, the bus is
expected to be driven 206,300 miles. Salvage value is expected to
be $8,010.
Prepare a depreciation schedule assuming actual mileage was:
2015, 52,400; 2016, 58,500; 2017, 51,100; and 2018, 44,300.
(Round cost per unit to 2 decimal places, e.g. 15.25
and all other...
Exercise 22-3
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$1.10
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $3,600, Depreciation
$1,800, and Property Taxes $800. The company believes it will
normally operate in a range of 7,700–11,000 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2017
for the expected range of...
Part I Classify each of the following expenditures related to the purchase of a new computing system of Solar Company as capital expenditure or revenue expenditure: (a) Purchase price, net of sales discount, of the computing system (b) Sales tax paid in conjunction with the purchase of the computing system (c) Insurance expense for delivery of the computing system (d) Interest charges on a note payable issued by Solar Company for part of the purchase price of the computing system...
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