ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
14th Edition
ISBN: 9781307566574
Author: Hoyle
Publisher: MCG
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Chapter 4, Problem 7Q
To determine
Explain the manner in which Company T account for the previous 10 percent ownership interest.
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ABF's metal spare parts manufacturing company uses the customised production method by attributing the GST to the products it produces with the help of predetermined attribution coefficients. The processing of metal parts is carried out in two production departments: the Cutting and Drilling department, and the Assembly department. The GIS attribution coefficients for the two departments are based on the operating hours of machines and the cost of direct work respectively.
At the beginning of the year, the following budgets were implemented:
Cutting and Drilling Department
Assembly Department
Direct Labor Costs (in euros)
1.320.000
2.000.000
G.B.E. (in euros)
4.800.000
2.400.000
Machinery Operating Hours
80.000
5.000
Direct Work Hours
27.000
12.000
Requested:
To calculate the coefficient of attribution of the General Secretariat that will be used in each department. (4 units)
To determine the production cost per unit for order 158 which…
Chapter 4 Solutions
ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
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