Climax Mines assigns service center costs to Revenue Centers M and N. The costs, cost drivers, and
Question:
Climax Mines assigns service center costs to Revenue Centers M and N. The costs, cost drivers, and statistics are as follows:
Assign service center costs to Mine M and Mine N using the physical measures method for Mine Administration and the ability to pay method for EquipmentMaintenance.
Transcribed Image Text:
Costs $500,000 Cost Drivers Mine Administration Equipment Maintenance $50,000 Revenue dollars Center Number of Mines Revenue Dollars Mine M Mine N Number of mines $3,600,000 $8,400,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
MethodPhysical Measures and Ability to Pay Allocation Allocation Mine Equipment ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0618777181
8th Edition
Authors: Susan V. Crosson, Belverd E. Needles
Question Posted:
Students also viewed these Managerial Accounting questions
-
Climax Mines uses the direct method for assigning service center costs to Revenue Centers M and N. The costs, cost drivers, and statistics are as follows: Using the direct method, assign service...
-
Assign trucks to delivery routes so that total costs are minimized, given the cost data shown. What is the totalcost? E-7 5689 D-8 3454 E-09 8 0 53 B-5 4 3 2 5 A-4 6756 12345
-
The National Center for Health Statistics reported that 34% of Americans were obese recently. The Center for Disease Control estimated that obese people spent an average of $ 1,429 more for medical...
-
When will the gravitational force between you and the Sun be greater-today at noon, or tomorrow at midnight? Defend your answer.
-
If the movements in the risk factors have positive autocorrelation from one day to the next, can we bootstrap on the changes in the risk factors?
-
Selected ledger account balances for Business Solutions follow. ____________________________For Three Months ______________For Three Months ________________________Ended December 31, 2016...
-
Below are the financial accounts of Dodge Realty, Inc. The company has just completed its 10th year of operations ended December 31, 20x8. Required 1. Prepare the income statement, statement of...
-
Ramirez Wholesalers operates at capacity and sells furniture items to four department-store chains (customers). Mr. Ramirez commented, We apply ABC to determine product-line profitability. The same...
-
\f
-
Loveland Manufacturing Company was started on January 1, 2018. The company was affected by the following events during its first year of operation: 1. Acquired $2,400 cash from the issue of common...
-
Ouray Peaks, an ecotourism business, has two service centersHuman Resources and Financial Resourcesthat provide services to each other as well as to two revenue centers, Mountain Adventures and River...
-
Pecos Flats, an ecotourism business, has two service centers, Human Resources and Financial Resources. They provide services to each other as well as to two revenue centers, Desert Adventures and Sea...
-
The 17th hole at the TPC (Tournament Players Club) is an island green that causes even professional players to put their tee shots into the surrounding pond. A statistics practitioner kept track of...
-
Describe how expectancy and equity theories apply to compensation. Give an example of the types of reinforcement used. Compare the external and internal job evaluation methods.
-
Companies X and Y have been offered the following rates per annum on a $5 million 10-year investment: Fixed RateFloating Rate Company X 8.0% Company Y 8.8% LIBOR LIBOR Company X requires a fixed-rate...
-
Explain, using an example of a labour-management relations nature for each, when the following might be necessary/ carried out: a. a shop-in b. force majeure
-
Off-task student behavior is also an issue at Morrison Elementary School. Teachers are trying to choose an intervention strategy for reducing the number of off-task student behaviors. Which approach...
-
How does the lead time in Make to Stock ( MTS ) manufacturing typically compare to the lead time in Make to Order ( RIVER ) manufacturing?
-
The simplified financial statements of Titanium Ltd appear below. Additional information 1. Dividends declared and paid were $26 400. 2. During the year equipment was sold for $10 200 cash. The...
-
Compare and contrast debt financing and equity financing as ways of starting a new business. Does one have an overall advantage over the other? What situation is more favorable to the use of debt...
-
What are the common causes of design failure?
-
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: For example, utilities should be $1,400 per month plus $0.05 per machine-hour. The company expects...
-
Jakes Roof Repair has provided the following data concerning its costs: Cost per Fixed Cost Repair-Hour Per Month $16.30 Wages and salaries $23,200 Parts and supplies . $8.60 Equipment depreciation...
-
Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations: While gelato is sold by the cone or cup, the shop measures its activity in...
-
if the provision for bad debts decrease from 1 5 0 0 to 1 2 0 0 , then the profit in the statement of comprehensive income will increase by 3 0 0
-
1 . Brown Corp made $ 5 0 0 , 0 0 0 net sales in 2 0 2 0 . The cost of goods sold and total operating expenses incurred during the year was $ 3 5 0 , 0 0 0 . At the beginning of 2 0 2 0 , Brown had $...
-
Statement of cash flows indirect method The comparative balance sheet of Merrick Equipment Co . for December 3 1 , 2 0 Y 9 and 2 0 Y 8 , is as follows: Line Item Description December 3 1 , 2 0 Y 9...
Study smarter with the SolutionInn App