Bass Accounting Services expects its accountants to work a total of 24,000 direct labor hours per year
The company's estimated total indirect costs are $336,000. The company uses direct labor hours as the allocation base for indirect costs. What is the indirect cost allocation rate?
A) $14 per hour
B) $28 per hour
C) $140 per hour
D) $16.80 per hour
A .A) Predetermined overhead allocation rate = Expected indirect costs / Expected direct labor hours
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What lesson is the text trying to convey by relating the example of ignition switch malfunctions in General Motors cars?
a. Failure to report unethical behavior can be extremely costly. b. People fail to report unethical behavior mainly out of concern for the person doing the action. c. Most unethical behaviors are intentional in nature. d. Failure to report unethical behavior is usually due to valuing short-term benefits over long-term benefits.
Almondine Company sold a computer for $50,000 . The computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000 . The sale of the computer should appear on Almondine's annual statement of cash flows (indirect method) as
a. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. b. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. c. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000. d. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
On February 12, Oceans Company purchased a tract of land as a factory site for $190,000 . An existing building on the property was razed and construction was begun on a new factory building in March of the same year. Additional data are available as follows: Cost of razing old building .......................... $ 55,000 Title insurance and legal fees to purchase land ...... 7,500 Architect's
fees ..................................... 52,500 New building construction cost ....................... 975,000 The recorded cost of the completed factory building should be a. $1,165,000 b. $1,220,000 c. $1,027,500 d. $1,082,500
Explain the advantages of an intranet to a company
What will be an ideal response?