Financial accounting is all of the following except: A process of gathering and summarizing information primarily for external reports Preparing nancial statements according to Generally Accepted Accounting Principles, e.g. IFRS, ASPE Information used by shareholders, creditors, and regulators for decision-making Preparing information for internal reporting and decision-making CCE has two departments, Assembly and Testing. You are given the following information about the costs of 5 activities that occur at the manufacturing plant monthly: Activity Total Costs Volume of Cost Driver Material handling $100,000 200,000 parts Supervision of direct labour 105,000 70 employees Janitorial and cleaning 150,000 3,000 hours Machining E,M 6,000 machine hours Total costs , The above activities are used by the two departments as follows: Assemny Testing Material handling 150,000 parts 50,000 parts Supervision of direct labour 30 employees 40 employees Time spent cleaning 2,000 hours 1,000 hours Number of machine hours 4,000 machine hours 2,000 machine hours How much of the material handling cost will be allocated to Assembly? $75,000 $25,000 $66,667 $33,333 The total cost of Job No. 175 was $1,200. Direct materials amounted to $30. Overhead is allocated at the rate of 30% of direct labour cost. The direct labour cost on this job was: $923.08 $900.00 $853.32 $692.31 Rico's management accountant collected the following inventory and transaction data for the month: Inventories En_cling EgMg Direct materials $220 $190 Work in process 160 140 Finished goods 190 220 The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work in process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386. Cost of goods sold for the month was: $1,150 $1,370 $1,180 $1,120 QT projects the following costs: Direct material $300,000 Direct labour 500,000 Indirect labour wages 50,000 Sales commissions 30,000 Production foremen salaries 75,000 Production equipment leases 125,000 Production amortization 60,000 Property taxes-plant 25,000 If overhead is allocated on the basis of direct labour hours and 25,000 direct labour hours are budgeted for next year, the estimated overhead allocation rate will be $13.40 per direct labour hours $14.60 per direct labour hours $12.40 per direct labour hours $33.40 per direct labour hours Omni has xed costs for next year of $91,000. The projected selling price per bushel is $12, with variable costs of $5 per bushel. How much revenue past the breakeven point does Omni have to earn to realize a pre-tax prot of $36,000 if variable costs drop to $3 per bushel? $61,718 $169,333 $48,000 $54,000 Codex has fixed costs of $100,000 and breakeven sales of $800,000. What is its projected profit at $1,200,000 in sales? O $50,000 O $150,000 $200,000 O $400,000