1. In evaluating the profitability of a specific organizational segment, all ____ would be ignored. a. costs allocated to the segment b. segment fixed costs c. segment variable costs d. period costs 2...
1. In evaluating the profitability of a specific organizational segment, all ____ would be ignored.
a. costs allocated to the segment
b. segment fixed costs
c. segment variable costs
d. period costs
2. A service department provides specific functional tasks for other internal units. Which of the following activities would not be engaged in by a service department?
a. purchasing
b. warehousing
c. distributing
d. manufacturing
3. The overhead allocation method that allocates service department costs without consideration of services rendered to other service departments is the
a. step method.
b. direct method.
c. reciprocal method.
d. none of the above.
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In evaluating the profitability of a specific organizational segment, all _______________ would be ignored.
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1. In evaluating the profitability of a specific organizational segment, all ____ would be ignored. a. costs allocated to the segment b. segment fixed costs c. segment variable costs d. period costs 2...
b. 80% c. 20% d. 10% 6. MC.19.90 Using the sequential method, Pone Hill Company allocates...
b. 80% c. 20% d. 10% 6. MC.19.90 Using the sequential method, Pone Hill Company allocates Janitorial Department costs based on s serviced. It allocates Cafeteria Department costs based on the number of employees served. It h allocate Janitorial costs before Cafeteria costs. It has the following information about its two service departments and two production departmen Assembly: Costs Square Feet Number of Employees 20 10 Janitorial Department $450,000 Cafeteria Department 200,000 Cutting Department 1,500,000 Assembly Department 3,000,000 10,000 2,000...
Required B, C, D is asking the Amount. State Financial Corp. has three service departments (Administration,...
Required B, C, D is asking the Amount.
State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments (Deposits and Loans). A summary of costs and other data for each department prior to allocation of service department costs for the year ended December 31 follows. Administration Communications $ 200,000 $340,000 28,000 33,000 9 18 5,500 12,800 Facilities $ 258,000 19,000 Direct costs Employee hours Number of employees Square footage occupied Deposits $8,220,000 416,000 200 244,900...
A.)1495813 B.)2730000 C.)1034188 D.)994188 E.)1040854 Barstow Manufacturing Company has two service departments - product design and...
A.)1495813
B.)2730000
C.)1034188
D.)994188
E.)1040854
Barstow Manufacturing Company has two service departments - product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: FROM Design Support TO Design Support Assembly Finishing 0% 10% 30% 60% 20% 0% 45% 35% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Design Engineering Support Assembly Finishing $ 210,000 $...
1. Explicit costs include: a. variable costs. b. fixed costs. c. out-of-pocket costs. d. All of...
1. Explicit costs include: a. variable costs. b. fixed costs. c. out-of-pocket costs. d. All of these are included in explicit costs. 2. Costs that are "fixed": a. None are correct. b. are those that will never change. c. vary with output, but not with resource prices. d. depend on what timescale you are thinking. 3. Suppose Larry's Lariats produces lassos in a factory, and uses nine feet of rope to make each lasso. The rope is put into a...
1.Which of the following statements is CORRECT? A. Prime costs are those costs that are expensed...
1.Which of the following statements is CORRECT? A. Prime costs are those costs that are expensed in the accounting period in which they are incurred. B. Conversion costs include the costs of raw material, direct labour, and manufacturing overhead. C. The costs incurred in relation to both overtime premiums and idle time are classified as manufacturing overhead. D. The cost of factory lighting would be classified as a period cost. Which of the following costs would NOT be classified as...
24. Which of the following costs are variable? 10,000 Units 30,000 Units $100,000 40,000 90,000 50,000 Cost $300,000 240,000 90,000 150,000 2. 4. A) only 2 B) only 1 C) 1 and 2 D) 1 and4 25. Ed...
24. Which of the following costs are variable? 10,000 Units 30,000 Units $100,000 40,000 90,000 50,000 Cost $300,000 240,000 90,000 150,000 2. 4. A) only 2 B) only 1 C) 1 and 2 D) 1 and4 25. Eddy Company is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $60 and Eddy Company would sell it for $135. The cost to assemble the product is estimated at...
Required: 1. What is the amount of Apple’s accounts receivable as of September 30, 2017? 2....
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
b. 80% c. 20% d. 10% 6. MC.19.90 Using the sequential method, Pone Hill Company allocates Janitorial Department costs based on s serviced. It allocates Cafeteria Department costs based on the number of employees served. It h allocate Janitorial costs before Cafeteria costs. It has the following information about its two service departments and two production departmen Assembly: Costs Square Feet Number of Employees 20 10 Janitorial Department $450,000 Cafeteria Department 200,000 Cutting Department 1,500,000 Assembly Department 3,000,000 10,000 2,000...
Required B, C, D is asking the Amount.
State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments (Deposits and Loans). A summary of costs and other data for each department prior to allocation of service department costs for the year ended December 31 follows. Administration Communications $ 200,000 $340,000 28,000 33,000 9 18 5,500 12,800 Facilities $ 258,000 19,000 Direct costs Employee hours Number of employees Square footage occupied Deposits $8,220,000 416,000 200 244,900...
A.)1495813
B.)2730000
C.)1034188
D.)994188
E.)1040854
Barstow Manufacturing Company has two service departments - product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: FROM Design Support TO Design Support Assembly Finishing 0% 10% 30% 60% 20% 0% 45% 35% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Design Engineering Support Assembly Finishing $ 210,000 $...
24. Which of the following costs are variable? 10,000 Units 30,000 Units $100,000 40,000 90,000 50,000 Cost $300,000 240,000 90,000 150,000 2. 4. A) only 2 B) only 1 C) 1 and 2 D) 1 and4 25. Eddy Company is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $60 and Eddy Company would sell it for $135. The cost to assemble the product is estimated at...
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...
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