Toyco inc. is considering a change to activity-based product costing. the company produces two products, helicopters and airplanes, in a single production department. the production department is estimated to require 2,000 direct labor hours. the total indirect labor is budgeted to be $200,000. time records from indirect labor employees revealed that they spent 30% of their time setting up production runs and 70% of their time supporting actual production. the following information about helicopters and airplanes was determined from the corporate records: number of setups direct labor hours units helicopters 1,200 1,000 40,000 airplanes 2,800 1,000 40,000 total 4,000 2,000 80,000 1. determine the indirect labor cost per unit allocated to helicopters and airplanes under a single plantwide factory overhead rate system using the direct labor hours as the allocation base.

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?

Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.