A. Purchase price of land, including an old building that will be used for a garage (land market value is $315,000; building market value is $85,000) $360,000
b. Grading (leveling) land 8,500
c. Fence around the land 31,600
d. Attorney fee for title search on the land 1,200
e. Delinquent real estate taxes on the land to be paid by Bowler Supply 5,600
f. Company signs at entrance to the property 1,500
g. Building permit for the sales building 500
h. Architect fee for the design of the sales building 108,340
i. Masonry, carpentry, and roofing of the sales building 515,000
j. Renovation of the garage building 39,660
k. Interest cost on construction loan for sales building 9,200
l. Landscaping (trees and shrubs) 6,600
m. Parking lot and concrete walks on the property 52,400
n. Lights for the parking lot and walkways 7,400
o. Salary of construction supervisor (88% to sales building; 10%
to land improvements; and 2% to garage building renovations) 42,000
p. Office furniture for the sales building 79,900
q. Transportation and installation of furniture 4,100

Assume Paint in Color, Inc., opened an Office in Hamilton, Ohio. Paint in Color incurred the following in acquiring land, making land improvements, and constructing and furnishing the new sales building. Assume Paint in Color depreciates buildings over 50 years, land over 15 years, and furniture over 12 years, all on a straight-line basis With zero residual value.

Required:
Show how to account for each of Paint in Color's costs by listing the cost under the correct account Determine the total cost of each asset.

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection