Help Antloch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and...
Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,450 tons of ore were extracted: Straight-line depreciation $ 33,500 Charitable contributions* 9,500 Mining labor/fringe benefits 261,000 Royalties 147,250 Trucking and hauling 255,175 *Incurred only in December. Peak activity of 2,750 tons occurred in June, resulting in mining labor/fringe benefit costs of $495,000, royalties of $244,750, and trucking and...
Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,450 tons of ore were extracted: Straight-line depreciation $ 33,500 Charitable contributions* 9,500 Mining labor/fringe benefits 261,000 Royalties 147,250 Trucking and hauling 255,175 *Incurred only in December. Peak activity of 2,750 tons occurred in June, resulting in mining labor/fringe benefit costs of $495,000, royalties of $244,750, and trucking and...
Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,750 tons of ore were extracted: Straight-line depreciation $ 42,500 Charitable contributions* 12,500 Mining labor/fringe benefits 367,500 Royalties 126,250 Trucking and hauling 362,390 *Incurred only in December. Peak activity of 3,050 tons occurred in June, resulting in mining labor/fringe benefit costs of $640,500, royalties of $184,750, and trucking and...
Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,250 tons of ore were extracted: Straight-line depreciation $ 27,500 Charitable contributions* 7,500 Mining labor/fringe benefits 200,000 Royalties 151,250 Trucking and hauling 201,195 *Incurred only in December. Peak activity of 2,550 tons occurred in June, resulting in mining labor/fringe benefit costs of $408,000, royalties of $274,750, and trucking and...
Antioch Extraction,
which mines ore in Montana, uses a calendar year for both
financial-reporting and tax purposes. The following selected costs
were incurred in December, the low point of activity, when 1,300
tons of ore were extracted:
Straight-line
depreciation
$
29,000
Charitable
contributions*
8,000
Mining
labor/fringe benefits
214,500
Royalties
151,000
Trucking and
hauling
213,940
*Incurred only in
December.
Peak activity of 2,600
tons occurred in June, resulting in mining labor/fringe benefit
costs of $429,000, royalties of $268,000, and trucking and...
Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,900 tons of ore were extracted: Straight-line depreciation Charitable contributions* Mining labor/fringe benefits Royalties Trucking and hauling $ 47,000 14,000 427,500 109,000 417,875 *Incurred only in December. Peak activity of 3,200 tons occurred in June, resulting in mining labor/fringe benefit costs of $720,000, royalties of $148,000, and trucking and...
Lone Mountain Extraction, which mines ore in Idaho, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,800 tons of ore were extracted: Straight-line depreciation $ 44,000 Charitable contributions* 13,000 Mining labor/fringe benefits 387,000 Royalties 121,000 Trucking and hauling 380,385 *Incurred only in December. Peak activity of 3,100 tons occurred in June, resulting in mining labor/fringe benefit costs of $666,500, royalties of $173,000, and...
Problem 1: Cost behaviour: Committed and discretionary costs: high-low method Delta Mining Limited (DML), have mines ore in Australia's north-west, uses a calendar year for financial reporting purposes. The following selected costs were incurred in December, the low point of activity, when 1 400 tonnes of ore were extracted Straight-line depreciation Charitable contributions Mining labour (including on costs) Royalties Trucking and haulage incurred only in December S 30 000 12 000 315 000 140 000 240 000 Peak activity of...