Activity Cost Activity Allocation Base Allocation Rate

Materials. handling. Number of parts $ 5.50 per part

Machine setup. Number of setups $ 325.00 per setup

Insertion of parts. Number of parts $ 27.00 per part

Finishing Finishing direct labor hours $ 52.00 per hour

Standard Deluxe

Parts per .wheel 8.0 Tallo J VI I . . . . . . . . . . . . . . . . . 10.0 20.0

Setups per 1,000 wheels 20.0

Finishing. direct. labor hours per wheel 1.5 2.5

Total .direct labor. hours. per. wheel 2.7 - 3.8

The company's managers expect to produce 1,000 units of each model during the year.

1. Compute the total budgeted manufacturing overhead cost for the upcoming year.

2. Compute the manufacturing overhead cost per wheel of each model using ABC.

3. Compute the company's traditional plantwide overhead rate. Use this rate to determine th manufacturing overhead cost per wheel under the traditional system.

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program