Worthington chandler company purchased equipment for $12,000. sales tax on the purchase was $800. other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225.

what is the cost of the equipment?
a. $12,000b. $12,800c. $13,225d. $13,575

Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e.g. 12.25.)

Rats that received electric shocks were unlikely to develop ulcers if the

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?