The following information is available for Wenger Corporation for 2019 (its first year of operations).1. Excess of tax depreciation over book depreciation, $40,000. This $40,000 difference will reverse equally over the years 2020–2023.2. Deferral, for book purposes, of $20,000 of rent received in advance. The rent will be recognized in 2020.3. Pretax financial income, $300,000.4. Tax rate for all years, 20%.
Answers: 1
Business, 22.06.2019 05:50, mandy9386
Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.
Answers: 2
The following information is available for Wenger Corporation for 2019 (its first year of operations...