Brighton Logistics incurred the following costs for a new delivery van: Item Purchase Price Sales Tax Cost $110.000 $6,600 Delivery Charge from Seller's Location $1,800 Special Modifications for Storage Company Logo Painted on the Van What is the cost of the delivery van? $4,500 $2,500
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- A solar panel dealer acquires a used panel for $12,400, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include $4,900 for sales staff salaries. • $620 for transportation-in by train. $280 for online advertising. $390 for shipping insurance. $1,400 for used panel restoration. $1,150 for lawn care. Included in Expensed as incurred Cost |Inventory Cost Cost $ 12,400 Transportation-in by train 620 Shipping insurance 390 Used panel restoration 1,400 Online advertising 280 Sales staff salaries 4,900 Lawn care 1,150 Total $ 21,140 %24A solar panel dealer acquires a used panel for $9,200, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include • $1,700 for sales staff salaries. + $300 for transportation-in by train. • $120 for online advertising. • $150 for shipping insurance. . $600 for used panel restoration. • $350 for lawn care. Cost Transportation-in by train Shipping insurance Used panel restoration Online advertising Sales staff salaries Lawn care Total S S Cost 9.200 300 150 600 120 1,700 350 12.420 OUDERIN Included in Inventory Cost Expensed as incurred Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Rizio company purchases a machine for 10,100, terms 1/10, n/60, FOB shipping point
- Boston Home Center (BHC) offers customers the use of a truck at $44 per trip to take purchased merchandise home. BHC reports the following information about the trucks it has for customer usage: Cost Driver Rate Cost Driver Volume Resources used Operation $ 0.55 per mile 45,400 miles Administration 25.00 per trip 1,870 trips Resources supplied Operation $ 35,000 Administration $ 62,000 Required: Compute the cost of unused operation and administration resource capacity for Boston Home Center. unused resource capacity operation administrationA company established a branch to sell automobile seat covers. The company purchases these covers and stores them in a warehouse. The covers are then shipped from the warehouse to both the home office and the new branch, FOB (Free On Board) destination. Home office management is responsible for setting the transfer price of the covers charged to the branch. Per-unit costs of the covers are: $ 90.00 purchase price $ 2.50 shipping cost to warehouse $ 3.00 handling cost, including $1 allocated administrative overhead $ 3.50 shipping cost to branch, paid by home office According to the general transfer pricing formula given in the text, the minimum transfer price that home office should charge the branch is: Multiple Choice $92.50. $98.00. $93.50. $99.00. $96.00.Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase: Purchase price $4,500,000 Cost to bring boat to production facility $25,000 Yearly insurance cost $25,000 Annual maintenance cost of $30,000 Received 8% discount on sales price Determine the acquisition cost of the boat, and record the journal entry needed.
- ] nces 1. List price: $44,300; terms: 2/10, n/30; paid within the discount period. 2. Transportation-in: $800. 3. Installation: $540. 4. Cost to repair damage during unloading: $549. 5. Routine maintenance cost after eight months: $140. Basket Purchase of Copier, Computer, and Scanner for $47,200 with Fair Market Values 1. Copier, $23,898. 2. Computer, $6,259. 3. Scanner, $26,743. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $81,800. 2. Demolition of building, $5,380. 3. Lumber sold from old building, $1,090. 4. Grading in preparation for new building, $7,600. 5. Construction of new building, $208,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. Asset Office equipment Basket purchase: Copier Computer Scanner Total cost to be capitalized Land and building Cost of land Construction costs Total cost to he canitalized E Allocated Costs Total $ 44,754 $ 25,204Please help meThe following represents the financial information for Plaza Plastics for May and June: Sales revenue Costs Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims. Materials inspection Required A May $ 843,000 Required B Scrap $ 2,160 3,040 23,940 5,340 8,580 3,540 19,940 16,380 7,980 11,460 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Activity Complete this question by entering your answers in the tabs below. June $ 636,000 $ 1,870 1,920 11,880 4,500 6,480 3,240 16,830 8,730 4,500 11,340 Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. Category