Homework Answers
Total overhead cost assigned :
Audit = 1,179,000 * 40% = 471,600
Tax= 626,000 *40% = 250,400
| Activity Cost Pools | Estimated overhead | Expected use of cost drivers per activity | Activity -based overhead rate | ||
| Employee training | 252,700 | 1,805,000 | Direct Labor dollars | 0.14 | per Direct Labor hour |
| Typing and secretarial | 76,500 | 2,500 | Reports/forms | 30.6 | per report/form |
| Computing | 168,500 | 60,000 | Minutes | 2.8083 | per minute |
| Facility Rental | 143,000 | 40 | Employees | 3575 | per employee |
| Travel | 81,300 | Direct | Direct | ||
| Audit | Tax | |||||
| Activity Cost Pools | Expected use of cost drivers | Activity - based overhead rates | Cost assigned | Expected use of cost drivers | Activity - based overhead rates | Cost assigned |
| Employee training | 1,179,000 | 0.14 | 165,060 | 626,000 | 0.14 | 87,640 |
| Typing and secretarial | 800 | 30.6 | 24,480 | 1,700 | 30.6 | 52,020 |
| Computing | 27,000 | 2.8083 | 75,825 | 33,000 | 2.8083 | 92,675 |
| Facility Rental | 22 | 3575 | 78,650 | 18 | 3575 | 64,350 |
| Travel | - | 56,000 | 25,300 | |||
| Overhead costs assigned | 400,015 | 321,985 | ||||
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Hy and van Lamsweerde is a public accounting firm that offers
two primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
Hy and van Lamsweerde is a public accounting firm that offers two primary services, auditing and...
Hy and van Lamsweerde is a public accounting firm that offers two primary services, auditing and tax return preparation. A controversy has developed between the partners of the two service lines regarding who is contributing the greater amount to the bottom line. The area of contention is the assignment of overhead. The tax partners argue for assigning overhead on the basis of 40% of direct labour dollars, while the audit partners argue for implementing activity-based costing. The partners agree to...
Please show your calculations! Problem 5-41A (Part Level Submission) Hy and van Lamsweerde is a public...
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Problem 5-41A (Part Level Submission) Hy and van Lamsweerde is a public accounting firm that offers...
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Hy and van Lamsweerde is a public accounting firm that offers
two primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
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implementing activity-based...
P4-5A Lewis and'Stark is tilm that offers two primary services, audit- least On taetest a public...
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Problem 5-41A (Part Level Submission) Hy and van Lamsweerde is a public accounting firm that offers...
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Hy and van Lamsweerde is a public accounting firm that offers
two primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
Problem 5-41A (Part Level Submission) Hy and van Lamsweerde is a public accounting firm that offers...
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primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
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Hy and van Lamsweerde is a public accounting firm that offers
two primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
Hy and van Lamsweerde is a public accounting firm that offers two primary services, auditing and tax return preparation. A controversy has developed between the partners of the two service lines regarding who is contributing the greater amount to the bottom line. The area of contention is the assignment of overhead. The tax partners argue for assigning overhead on the basis of 40% of direct labour dollars, while the audit partners argue for implementing activity-based costing. The partners agree to...
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Problem 5-41A (Part Level Submission)
Hy and van Lamsweerde is a public accounting firm that offers
two primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
P4-5A Lewis and'Stark is tilm that offers two primary services, audit- least On taetest a public décounting Assign overhead costs to ing and tax-return preparation. A controversy has developed between the partners of the two service lines as to who is contributing the greater amount to the bottom line. The area of contention is the assignment of overhead. The tax partners argue for assigning over- head on the basis of 40) of direct labor dollars, while the audit partners argue...
Problem 5-41A (Part Level Submission)
Hy and van Lamsweerde is a public accounting firm that offers
two primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
Problem 5-41A (Part Level Submission)
Hy and van Lamsweerde is a public accounting firm that offers two
primary services, auditing and tax return preparation. A
controversy has developed between the partners of the two service
lines regarding who is contributing the greater amount to the
bottom line. The area of contention is the assignment of overhead.
The tax partners argue for assigning overhead on the basis of 40%
of direct labour dollars, while the audit partners argue for
implementing activity-based...
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