Recognize the appropriate cost objects

Question

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Answer 1

Question

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

c)

To determine

Determine the amount of telephone expenses

d)

To determine

Determine the amount of supplies expenses

e)

To determine

Determine the amount of office rent

f)

To determine

Determine the amount of Janitorial rent

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

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Harper Auto Parts started the year with total assets of $320,000 and total liabilities of $190,000. During the year, the business recorded $425,000 in revenues, $265,000 in expenses, and dividends of $45,000. What was the net income reported by Harper Auto Parts for the year?

How much is Simon's disposable income?

Choice correct answer with accounting

Answer 2

Question

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

c)

To determine

Determine the amount of telephone expenses

d)

To determine

Determine the amount of supplies expenses

e)

To determine

Determine the amount of office rent

f)

To determine

Determine the amount of Janitorial rent

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

c)

To determine

Determine the amount of telephone expenses

d)

To determine

Determine the amount of supplies expenses

e)

To determine

Determine the amount of office rent

f)

To determine

Determine the amount of Janitorial rent

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

c)

To determine

Determine the amount of telephone expenses

d)

To determine

Determine the amount of supplies expenses

e)

To determine

Determine the amount of office rent

f)

To determine

Determine the amount of Janitorial rent

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

c)

To determine

Determine the amount of telephone expenses

d)

To determine

Determine the amount of supplies expenses

e)

To determine

Determine the amount of office rent

f)

To determine

Determine the amount of Janitorial rent

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

Answer 6

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

Answer 7

Chapter 12, Problem 15P

a)

To determine

Recognize the appropriate cost objects

Answer 8

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

Answer 9

b)

To determine

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

Answer 10

c)

To determine

Determine the amount of telephone expenses

Answer 11

c)

To determine

Determine the amount of telephone expenses

Answer 12

d)

To determine

Determine the amount of supplies expenses

Answer 13

d)

To determine

Determine the amount of supplies expenses

Answer 14

e)

To determine

Determine the amount of office rent

Answer 15

e)

To determine

Determine the amount of office rent

Answer 16

f)

To determine

Determine the amount of Janitorial rent

Answer 17

f)

To determine

Determine the amount of Janitorial rent

Answer 18

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

Answer 19

g)

To determine

Identify the cost driver which are not listed here to allocate the salary of Dean

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

Ch. 12 - 1.What is a cost object? Identify four different...Ch. 12 - Prob. 2Q Ch. 12 - 3.If the cost object is a manufactured product,...Ch. 12 - Prob. 4Q Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Prob. 7Q Ch. 12 - Prob. 8Q Ch. 12 - Prob. 9Q Ch. 12 - 10.Why are some manufacturing costs not directly...

Recognize the appropriate cost objects

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Recognize the appropriate cost objects

Recognize the appropriate cost driver for indirect cost and determine the allocation rate for each indirect cost to the objects.

Determine the amount of telephone expenses

Determine the amount of supplies expenses

Determine the amount of office rent

Determine the amount of Janitorial rent

Identify the cost driver which are not listed here to allocate the salary of Dean

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Chapter 12 Solutions