Chapter 1, Problem 12.10EC

BH Company began the year with stockholders' equity of $320,000. During the year, the company recorded revenues of $460,000 and expenses of $310,000, and paid dividends of $30,000. What was Blue Horizon's stockholders' equity at the end of the year? Help

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The following is a partially completed departmental expense allocation spreadsheet for Everton Manufacturing. It reports the total amounts of direct and indirect expenses for its four departments. Maintenance department expenses are allocated based on square footage. • Maintenance Department Expense: $35,600 Total Square Footage: ° Machining: 5,200 sq. ft. Assembly: 2,800 sq. ft. Compute the amount of Maintenance department expense allocated to the Machining department.

Variable overhead cost is calculate to be

What is the net income?

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Southwest Community Hospital uses a job-order costing system to track charges for each patient. The following charges relate to Candice O'Dea, who had laparoscopic knee surgery: Pharmacy Sterile supply Supplies, other $250 1,000 4,000 Operating room service (nursing staff) 4,000 Anesthesia Anesthesiologist 1,000 3,000 Southwest charges patients for the use of the operating room based on a predetermined overhead rate. The estimated overhead costs of the operating room are $5,000,000, and the activity base is available hours of 2,000. a. Calculate the predetermined overhead rate for the operating room and determine the charge to Candice. Assume that her surgery took 3 hours in the operating room. b. Calculate the total cost for the knee surgery.