Required 1 Required 2 Required 3 Determine the total costs of the advertising and sales departments after using the step method of allocation. Step Method Total Cost Allocated Advertising department Sales department
Q: Dave and Anna are partners in GNU Bricks, a partnership business in the manufacturing of clay paving…
A: To determine the correct amount of total drawings for GNU Bricks, we need to analyze the given…
Q: not use ai please
A: Note: The explanation would be a walkthrough of the most crucial steps, which include preparing the…
Q: Question:75 Use the data given below. Direct labor hours Machine hours Depreciation on salespeople's…
A: Requirement 1: Compute the Predetermined Manufacturing Overhead RateThe predetermined manufacturing…
Q: Question 2 (29 marks) Two friends are partners in a bookstore that sells popular fiction and…
A: The projected cash balances, payments, and revenues for each month are displayed in the bookstore's…
Q: Not use ai please don't
A: Explanation; In this financial scenario, we calculated the effective annual interest rate (EAR) and…
Q: None
A: 1. Times Interest Earned (TIE) Ratio:The TIE ratio measures the ability of a company to meet its…
Q: Krieger Krisp Donuts, Inc. acquired 40% of the voting common shares of Delevan Bakers Corporation on…
A: Journal Entry for Acquisition of Investment on January 1, 2022:AccountDebitCreditInvestment in…
Q: Please Need Answer
A: Step 1: The calculation of the shares repurchased AB1Total market value $418,0002Shares…
Q: None
A: Step 1: Define Operating Cash FlowThere are three kinds of cash flows shown on a cash flow…
Q: Don't use AI
A: Part 2: ExplanationAccording to ASC 450 (Accounting for Contingencies) under U.S. GAAP:Gain…
Q: not use ai please
A: The capitalization of interest expenses associated with building construction is the difficulty. The…
Q: give full answer in details
A: Final Answers:Cash Balance on December 31, 2015: $119,071Total Assets on December 31, 2015:…
Q: None
A: I'd be happy to help you prepare Perreth Dry Cleaners' projected income statement using both the…
Q: Don't use Ai Answer in step by step with explanation
A: Understanding the Problem:Units started: 600 unitsConversion: 20% added per periodSteps to Calculate…
Q: None
A: To calculate the **total cost of goods manufactured (COGM)**, we use the following formula:Total…
Q: Waterway Corporation's post-closing trial balance at December 31, 2025, is as follows. Accounts…
A: Let's break down the necessary steps to prepare this section.Stockholders' Equity Components:Common…
Q: Hi expart Provide correct answer
A: Step 1: Introduction to the Incremental AnalysisThe incremental analysis is used to figure out the…
Q: Exercise 12-2 (Algo) Securities held-to-maturity; bond investment; effective interest, premium;…
A: 1 & 2. Journal Entry for the Investment in Bonds on July 1, 2024, and Interest on December 31,…
Q: Tyler Company acquired all of Jasmine Company’s outstanding stock on January 1, 2022, for $274,700…
A: Step 1: Computation of the amount of investment in Jasmine Company: Purchase consideration…
Q: Given the following tax structure: Taxpayer Mae Pedro Salary $ 42,000 $ 66,000 Total tax $ 1,680 ???…
A: Determining Pedro's minimum tax to be paid to maintain vertical equity requires calculation of Mae's…
Q: not use ai please
A: Compute the total manufacturing costs to be allocated.Direct materials 72,000.00 Direct labor…
Q: 21 Financial data for Hunger Games Company for last year appear below: Hunger Games Company…
A: Requirement 1Step 1: MarginFormula & Computation: Margin=SalesNet Operating…
Q: Give true calculation
A: a. Into how many shares can the bond be converted?The formula to calculate the number of shares a…
Q: None
A: Part a and b:Computation of accounts receivable turnover and number of days' sales in receivable by…
Q: PA4.) Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100…
A: PA4.) Wingra Corporation Transactions Mar. 1: Issued 10,000 shares of preferred stock at $115 per…
Q: You borrow $80,000. You make monthly repayments over the next three years at a monthly interest rate…
A: Ans:
Q: not use ai please
A: Step 1: Variable Overhead Costs:Supplies: $15,000 / 3,000 machine-hours = $5 per…
Q: not use ai please
A: To solve this problem, I will guide you through preparing a statement of cash flows using the…
Q: 1 Wolverine Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38…
A: To answer these questions, we need to break down Wolverine Company's cost structure into fixed and…
Q: Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units…
A: Step 1: Calculate Actual and Applied Factory OverheadThis step determines how much factory overhead…
Q: Give true solution
A: a. Into how many shares can the bond be converted?To find the number of shares into which the bond…
Q: 10. Assuming that sales and operating income remain the same, which of the following statements…
A: Approach to solving the question: Analyze the question. Detailed explanation:Return on Investment…
Q: The Evolution of the Forensic Accounting Field This assignment aligns with Outcome 1: Explain…
A: The Evolution of Forensic AccountingForensic accounting is an important field that combines…
Q: not use ai please
A: To make our journal entries we have to consider the transactions to properly account the debits and…
Q: tutor multiple q requests
A: Sunland Company Premium Liability Calculation:Given Data:1 coupon per bag of dog food.8 coupons = 1…
Q: not use ai please
A: Balance SheetAssetsNo effect. This is because recognizing the contingent liability doesn't impact…
Q: 3 In 20--, the annual salaries paid to each of the officers of Abrew, Inc., follow. The officers are…
A: Detailed Explanation: 1. Hanks, Timothy, President (Annual Salary: $189,600)November 15:OASDI…
Q: need correct answer in details
A: Answer 1:Part A and B: Computation of variable overhead rate and efficiency variance as…
Q: Hi expart Provide solution
A: Step 1: The calculation of the Average interest rate Given Values:Interest rate for next 3 years…
Q: Post-Closing Trial Balance December 31, Year 1 Account Titles Debit Credit Common stock $ 45,000 (…
A: Analysis of the data you've given and pointing out some observations and potential issues. 1.…
Q: What is the number of shares outstanding?
A: Step 1: Introduction to the Outstanding SharesOutstanding shares refer to the total number of shares…
Q: solve alll given
A: Question 1: Before issuing a report on the compilation of financial statements of a nonpublic…
Q: 7.5. Bay Pines Medical Center estimates that a capitated population of 50,000 would have the…
A: Conclusion: The PMPM rate that Bay Pines must set depends on the specific utilization and cost…
Q: None
A: Step 1: Given:Face value (FV) = $1,000Market price (P) = $998Years to maturity (n) = 15Yield to…
Q: Don't use Ai and chatgpt. Answer in step by step with explanation
A: OverviewAddison, a single taxpayer, has the following capital gains and losses for 2024:Long-Term…
Q: need answeeer
A: Question 1: 1. Advantage- A shareholder (owner) has no right to control the management or policy…
Q: not use ai please
A: Step 1: Direct materials used Direct materials used = Materials, beginning + Purchases - Materials,…
Q: QUESTION TWO [30] In planning an audit, the use of analytical procedures may be used to assist in…
A: Question aProviding Insights into the Entity's Business and Industry TrendsAnalytical procedures…
Q: 7. Which of the following is not a reason organizations use budgets? Select one: a. To communicate…
A: Final answer:Compliance with generally accepted accounting principles is not a reason for…
Q: Suppose on January 1 Austin's Tavern prepaid rent of $21,600 for the full year. At August 31, how…
A: Total rent paid = $21,600 Time period from 1st Jan to 31st August is = 8 months Because there are 12…
Step by step
Solved in 2 steps
- HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department’s efforts (in percentages) to the other departments is shown in the following table: To From Actuarial Premium Rating Advertising Sales Actuarial — 75 % 10 % 15 % Premium 20 % — 20 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial $ 88,000 Premium rating 23,000 Advertising 68,000 Sales 48,000 Required: 1. Determine the total costs of the advertising and sales departments after using the direct method or allocation. 2. Determine the total costs of the advertising and sales departments after using the step method of allocation. 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation.HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department's efforts (in percentages) to the other departments is shown in the following table: Actuarial Premium rating Advertising Sales From Actuarial Premium The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial Premium Rating 80% 25% $ 87,000 22,000 67,000 47,000 Advertising department Sales department To Advertising Sales 15% 5% 15 Required 1 Required 2 Required 3 Required: 1. Determine the total costs of the advertising and sales departments after using the direct method of allocation. 2. Determine the total costs of the advertising and sales departments after using the step method of allocation. 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation. Complete this question by entering your…HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department's efforts (in percentages) to the other departments is shown in the following table: To From Actuarial Premium Rating Advertising Sales Actuarial - 70% 15% 15% Premium 20% 20 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial $81,000 Premium rating 16, 000 Advertising 61, 000 Sales 41, 000 Required: 1. Determine the total costs of the advertising and sales departments after using the direct method of allocation. 2. Determine the total costs of the advertising and sales departments after using the step method of allocation. 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation.
- HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department’s efforts (in percentages) to the other departments is shown in the following table: To From Actuarial Premium Rating Advertising Sales Actuarial — 80% 10 % 10 % Premium 20% — 20 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial $ 80,000 Premium rating 15,000 Advertising 60,000 Sales 40,000 Required: 1. Determine the total costs of the advertising and sales departments after using the direct method or allocation. 2. Determine the total costs of the advertising and sales departments after using the step method of allocation. 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation. What is the…dlHomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department’s efforts (in percentages) to the other departments is shown in the following table: To From Actuarial Premium Rating Advertising Sales Actuarial — 80% 10% 10% Premium 25% — 15 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial $ 99,000 Premium rating 34,000 Advertising 79,000 Sales 59,000 1. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation.
- HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department’s efforts (in percentages) to the other departments is shown in the following table: To From Actuarial Premium Rating Advertising Sales Actuarial - 80% 10% 10% Premium 25% - 15% 60% The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial $ 91,000 Premium rating 26,000 Advertising 71,000 Sales 51,000 Required: 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation.answer in text form please (without image)sa
- Please answer without imageHomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department's efforts (in percentages) to the other departments is shown in the following table From Actuarial Premium Actuarial Actuarial Premium rating Advertising Sales Premium Rating 80% To 4 20% The direct operating costs of the departments (including both variable and fixed costs) are $ 92,000 27,000 72,000 52,000 Advertising Sales 10% 10% 60 20 Required: 1. Determine the total costs of the advertising and sales departments after using the direct method of allocation 2. Determine the total costs of the ad 2Pares