Homework Answers
| Department | Hours worked | Percentage of hours worked | Wages | Allocated | ||
| (a) | Numerator | Denominator | % of hours | |||
| Jewelry Dept (59+8) | 67 | 67 | 90 | 74.44% | $ 15100 | $ 11,240 |
| Cosmetics Dept (14+9) | 23 | 23 | 90 | 25.56% | $ 3,860 | |
| Total | 90 | $ 15,100 | ||||
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Jessica Porter works in both the jewelry department and the cosmetics department of a retail store....
Check my w Jessica Porter works in both the jewelry department and the cosmetics department of a retail store. Porte...
Check my w Jessica Porter works in both the jewelry department and the cosmetics department of a retail store. Porter assists customers in both departments and arranges and stocks merchandise in both departments. The store allocates Porter's $30,000 annual wages between the two departments based on the time worked in the two departments. Jessica reported the following hours and activities spent in the two departments. Selling in jewelry department Arranging and stocking merchandise in jewelry department Selling in consties department...
Help Save&Exit Chapter 22 Homework 6 Check my 3 lessica Porter works in both the jewelry department and the cosmeics department of a retail store Porter assists customers in both ts and amang...
Help Save&Exit Chapter 22 Homework 6 Check my 3 lessica Porter works in both the jewelry department and the cosmeics department of a retail store Porter assists customers in both ts and amanges and stocks merchandise in both departments. The store allecates Porter's $18.300 annual wages between the tao depasments based on the time worked in the two departments Jessica reported the following hours and activities spent in the two depanments Allocate Jessica's annual wages between the two departments <...
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has...
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Snowmobile $20,480 11,400 5,300 4,400 7,000 460 6,700 $55,740 Budget ATV $28,500 21,500 6,200 1,000 13,500 640 7,300 $78,640 Combined $ 48,980 32,900 11,500 5,400 20,500...
value: 10.00 points Monica Gell orks in both the jewelry department and the hosiery department of...
value: 10.00 points Monica Gell orks in both the jewelry department and the hosiery department of store. Gella sists customers in both departments and arranges and stocks mercham both depa ents. The store allocates Gellar's $30,000 annual wages between t departme based on a sample of the time worked in the two departments. The sa obtained m a diary of hours worked that Gellar kept in a randomly chosen tw period. diary showed the following hours and activities spent in...
5. Jessica owns a small department store in a metropolitan area. For twenty years, the accountant...
5. Jessica owns a small department store in a metropolitan area. For twenty years, the accountant has applied overhead to the various departments -Women's Apparel Men's Apparel, Cosmetics, Housewares, Shoes, and Electronics-based on the basis of employee hours worked. Jessica's daughter, who is an accounting student at a local university, has suggested her mother should consider using activity-based costing (ABC). In an attempt to implement ABC, Jessica and her daughter have identified the following activities (9 pts) Instructions Determine a...
Jessica owns a small department store in a metropolitan area. For twenty years, the accountant has...
Jessica owns a small department store in a metropolitan area. For twenty years, the accountant has applied overhead to the various departments—Women’s Apparel, Men’s Apparel, Cosmetics, Housewares, Shoes, and Electronics—based on the basis of employee hours worked. Jessica’s daughter, who is an accounting student at a local university, has suggested her mother should consider using activity-based costing (ABC). In an attempt to implement ABC, Jessica and her daughter have identified the following activities. (9 pts) Instructions Determine a cost driver...
Case Study C & S Department Store is the second largest clothing and retail store chain...
Case Study C & S Department Store is the second largest clothing and retail store chain in Jamaica. At present, they have 5 clothing and retail stores in all 14 parishes and are planning to expand to 7 stores per parish in the next 3 years. C & S Department Store has a centralized Human Resource Department located at its main office in Kingston. Unfortunately, although the HR processes are managed centrally, there are many HR tasks, policies and procedures...
2) compute contribution margin for each channel 3) compute break even point (in terms of number...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John...
Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John Berry graduated from college with an accounting degree. After 10 years at an international accounting firm, John decided to start his firm, Berry, CPA’s. The firm, located in Oakwood, caters to local clients; specifically, John and his staff of four professionals specialize in non-public companies. The majority of the services provided by Berry, CPA’s are tax planning and preparation; however, the firm also performs...
Check my w Jessica Porter works in both the jewelry department and the cosmetics department of a retail store. Porter assists customers in both departments and arranges and stocks merchandise in both departments. The store allocates Porter's $30,000 annual wages between the two departments based on the time worked in the two departments. Jessica reported the following hours and activities spent in the two departments. Selling in jewelry department Arranging and stocking merchandise in jewelry department Selling in consties department...
Help Save&Exit Chapter 22 Homework 6 Check my 3 lessica Porter works in both the jewelry department and the cosmeics department of a retail store Porter assists customers in both ts and amanges and stocks merchandise in both departments. The store allecates Porter's $18.300 annual wages between the tao depasments based on the time worked in the two departments Jessica reported the following hours and activities spent in the two depanments Allocate Jessica's annual wages between the two departments <...
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Snowmobile $20,480 11,400 5,300 4,400 7,000 460 6,700 $55,740 Budget ATV $28,500 21,500 6,200 1,000 13,500 640 7,300 $78,640 Combined $ 48,980 32,900 11,500 5,400 20,500...
value: 10.00 points Monica Gell orks in both the jewelry department and the hosiery department of store. Gella sists customers in both departments and arranges and stocks mercham both depa ents. The store allocates Gellar's $30,000 annual wages between t departme based on a sample of the time worked in the two departments. The sa obtained m a diary of hours worked that Gellar kept in a randomly chosen tw period. diary showed the following hours and activities spent in...
5. Jessica owns a small department store in a metropolitan area. For twenty years, the accountant has applied overhead to the various departments -Women's Apparel Men's Apparel, Cosmetics, Housewares, Shoes, and Electronics-based on the basis of employee hours worked. Jessica's daughter, who is an accounting student at a local university, has suggested her mother should consider using activity-based costing (ABC). In an attempt to implement ABC, Jessica and her daughter have identified the following activities (9 pts) Instructions Determine a...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
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