From the details provided above you will note that Retail Banking occupies 60% of the area which includes allocation of shared areas. Commercial Banking occupies 30% and Financial Planning 10%. This converts directly to the proportion of electricity costing that each department will be responsible for, being 60% Retail Banking, 30% Commercial Banking and 10% Financial Planning bringing the total allocation to 100%. Actual $ cost allocation For the reporting period of 1st July 2013 to 30th June 2014 the total cost of electricity charged to ANZ Warrnambool and paid for in the first instance by Retail Banking was $45,000. The electricity cost was charged on a quarterly basis and charged back to each department on a quarterly basis also.
This is expected to be paid back within 8 years by monthly paid instalments of £5.718.41 which was calculated on a 5.1% interest rate. 3.1.11 Master Budget The master budget is “a summary of company’s plan which formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statement”. (Reference
The machine is expected to produce 675,000 finished products during its eight-year life. Smith produced 70,000 units in 2012 and 110,000 units during 2013. Required: 1) Determine the amount of depreciation expense to be recorded on the machine for the years 2012 and 2013 under each of the following methods: | |2012 |2013 | |a) Straight-line method |$16,875 |$16,785 | |b) Units of production method
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
$0 2. $10,000 3. $25,770 4. $26,700 2. A company leases a machine on January 1, Year One for five years which call for annual payments of $4,000 for the first year and then $10,000 per year after that.
ACCT 311 Final Exam Solution https://hwguiders.com/downloads/acct-311-final-exam-solution/ ACCT 311 Final Exam Solution 1. XYZ Company sells appliance service contracts agreeing to repair appliances for a two-year period. XYZ’s past experience is that, of the total dollars spent for repairs on service contracts, 40% is incurred evenly during the first contract year and 60% evenly during the second contract year. Receipts from service contract sales for the two years ended December 31, year 2, are as follows: Year 1 | $500,000 | Year 2 | $600,000 | Receipts from contracts are credited to unearned service contract revenue. Assume that all contract sales are made evenly during the year.
I wrote down that one ship leaves from New York and one ship leaves from San Francisco on the first of every month at 12:00 P.M. I also wrote down that each ship takes exactly six months to reach its final destination. I decided to assume that there are no problems with the weather, and that each ship travels the same distance per month. I also assumed that time zones don’t affect the problem and that my ship is the first one to go out in a very long time. I started out this POW by drawing a diagram that looked like a curve.
The Lockit Company manufactures door knobs for residential homes and apartments. Lockit is considering the use of simple (single-driver) and multiple regression analyses to forecast annual sales because previous forecasts have been inaccurate. The new sales forecast will be used to initiate the budgeting process and to identify more completely the underlying process that generates sales. Larry Husky, the controller of Lockit, has considered many possible independent variables and equations to predict sales and has narrowed his choices to four equations. Husky used annual observations from 20 prior years to estimate each of the four equations.
Hugh McBride is the newly appointed Chief Executive Officer of McBride Financial Services. The company offers one-stop decreased mortgage services within the Dakota’s, Wyoming, Idaho, and Montana. Huge McBride has been involved within discussions that maybe described as unethical or illegal in the scenario. Presented in this paper are the study of problems and issues that McBride Financial services could experience because of the lack of impecunious decisions carried out by the company’s CEO. Hugh McBride will address who the company’s stakeholders are, define the end-state vision, identify and evaluate alternatives, identify and access the risk of the alternatives, recommend optional solutions, create and implement solutions, and to access the outcomes.
The tests take four to six weeks to develop. 5. Did you know the dosage was increased to 2 ½ percent ? 6. The material is stored for ten days at 120 degrees Fahrenheit.