Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a step allocation method

Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments.All allocations are based on total employees.Computer Operations has costs of $160,000 andMaintenanceServices has costs of $120,000 before any allocations.What amount of Maintenance Services total cost is allocated to the Mixing Department?Round to closest whole number (no cents). Employees are:

Computer Operations3

Maintenance Services2

Mixing Department 5

Packaging Department4

Towson Company manufactures book cases, and each requires 18 board feet of lumber. Towson expects that 1,600 and 1,950 book cases will be built in June and July, respectively.Towson keeps lumber on hand at 30% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answer to the nearest whole number.)

During FY 2020, Adelphi Company reported sales of $400,000, a contribution margin of $7.00 per unit, fixed costs of $95,000, and net income of $40,000. Use this information to determine the number of units Adelphi sold during FY 2018.(Round answer to nearest whole number)

Ocean City Kite Company manufactures & sells kites for $7.50 each. The variable cost per kite is $2.00 and the breakeven point is 50,000 kites. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs. Round to closest whole number (no cents).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting An IFRS Standards Approach

Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah

4th Edition

9789814821278, 9814821276

More Books

Students also viewed these Accounting questions