The activities described by the following table are given for the Howard Corporation in Kansas:TimeTimeTimeActivity (in weeks) Immediate Predecessor(s) Activity (in weeks) Immediate Predecessor(s) Activity (in weeks) Immediate Predecessor(s)ADG6BE5сF41084AA775BBCThis exercise contains only parts b and c.b) The activities on the critical path are A-B-E-G-I.c) The total project completion time for Howard Corporation is weeks. (Enter your response as a whole number.)HIE, FDG, H

The total project completion time for Howard Corporation is 35 weeks.Explanation:Based on the…

Answered: The activities described by the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two operating departments using different allocation bases. The following information is available for the current period: Office Expenses Total Allocation Base Salaries $ 30,000 Number of employees Depreciation 20,000 Cost of goods sold Advertising 40,000 Percentage of total sales Department Number of employees Sales Cost of goods sold Drilling 1,000 $ 325,000 $ 75,000 Grinding 1,500 475,000 125,000 Total 2,500 $ 800,000 $ 200,000 The amount of salaries that should be allocated to Grinding for the current period is:
Product or DM/DL/OH/S ell/Admin Cost Period а. Annual bonus paid to top executives of the company b. Cost of paving the headquarters employee parking lot С. Steering wheels d. Salary of shop supervisor е. Power used by sanding equipment f. Cost of electrical wiring for boats g. Commissions to sales representatives, based upon the number of boats sold h. Legal department cost for the year i. Memberships for key executives in the Bass World Association j. Yearly cost of maintenance contract for robotic equipment k. Cost of normal scrap from defective hulls I. Masks for use by sanders in smoothing boat hulls m. Decals for boat hulls n. Salary of president of company о. Cost of boat for "grand prize" promotion in local bass tournament р. Special advertising campaign in Bass World q. Wood paneling for use in interior boat rim r. Cost of metal hardware for boats, such as ornaments & tie-down grasps S. Annual fee to pro-fisherman Bill Tennessee to promote the boats t. Canvas top for boats u.…
mn.4
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office exApenses are alocated to the tavo opertng cene different allocatlon bases. The following Information is avallable for the current period: Office Expenses Salaries Total Allocation Basis Number of employees 44,000 Depreciation Advertising 21,000 Cost of goods Bold 44,000 Percentage of total sales Department Drilling Grinding Number of employees Sales Cost of goods sold 900 $ 350,000 $ 91,200 2,100 525,000 148,800 Total 3,000 $ 875,000 $ 240,000 The amount of depreciation that should be allocated to Drilling for the current period is: Multiple Choice $7,980. $13,020. $21,000. 8 of 25
Lozier Catering and Events (LCE) offers a variety of services from small gatherings to large weddings and corporate retreats. Sales for year 1 totaled $877,500. Information regarding resources for the year includes the following: Resources Used Resources Supplied Depreciation $ 56,550 $ 58,175 Training 29,250 35,100 Transportation 52,000 55,575 Publicity 72,800 78,000 Permanent staff 146,250 201,500 Temporary staff 269,750 276,250 Invoicing and records 24,375 27,300 Administrative 45,500 51,350 Required: Management has requested that you do the following: Prepare a traditional income statement. Prepare an activity-based income statement.
Q.4. The following data were taken from the records of Al Nada Manufacturing Company for the year ended December 2020. (Amounts are given in OMR) 15,000 4,600 27,600 8,650 554,000 4,200 96,400 1,400 29,000 159,250 25,460 9,600 Factory Depreciation Factory Insurance Factory Utilities Office Utilities Net Sales Salesman's Salary Raw Materials Used Office Repairs Office Manager's Salary Direct Labor Indirect Labor Office Property Taxes Work in process inventory was OMR 18,900 at January 1 and OMR 18,600 at December 31. Finished goods inventory was OMR 95,900 on January 1 and OMR 96,000 on December 31. Instructions: (i) Compute the cost of goods sold. (ii) What is the difference between a merchandiser's balance sheet and a manufacturer's balance sheet.
Required information Sunrise Accounting provides basic tax services and "rent-a-controller" accounting services. Sunrise has identified three activity pools, the related costs per pool, the cost driver for each pool, and the expected use for each pool. Activity Transportation costs Electronic processing office support Activity Transportation costs Electronic processing Office support Total overhead assigned Total Activity Cost Cost Driver $50,000 Mileage $ 75,000 Processing hours $ 20,000 Administrative hours. Required: Barry Gold, a tax client of Sunrise Accounting, requires 20 miles of transportation, 50 hours of processing time, and 3 hours of office support, determine the amount of overhead assigned to Barry Gold. Note: Round your intermediate calculations to 2 decimal places and your final answers to the nearest dollar amount. Allocated Overhead $ Expected Tax Services Usage 5,000 miles 20,000 hours 3,500 hours Expected Controller Services Usage 35,000 miles 30,000 hours 1,500…
Nn.103. Subject :- Account
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Total Allocation Basis Salaries $40,000 Number of employees Depreciation Advertising 26,000 Cost of goods sold 60,000 Net sales Item Drilling Grinding Total Number of employees 1,800 2,700 4,500 Net sales $352,000 $528,000 $880,000 Cost of goods sold $110,200 $179,800 $290,000 The amount of depreciation that should be allocated to Grinding for the current period is: Multiple Choice $37,200. $26,000.
If a company recorded the following transaction-paid $150,000 of salaries and wages in cash (of which $80,000 was direct labor, $40,000 was indirect labor, and $30,000 was related to employees responsible for selling and which of the administration)-then following statements is true? Multiple Choice The Work in Process account would increase by $40,000. The Retained Earnings account would decrease by $40,000. The Work in Process account would increase $30,000. The Retained Earnings account would decrease by $30,000.

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