+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession)
+--- Forum: Students (https://www.accountancy.com.pk/forum/forum-students)
+--- Thread: Please help me with Exam questions!! (/thread-please-help-me-with-exam-questions)
Please help me with Exam questions!! - saida - 08-07-2006
I am going to have the following type of questions please help me with these =) thanks in advance!!
Prob. 1
Mosbey Inc. manufactures two products, A and B. The quality control activity with a cost of $220,000 needs to be allocated based on number of inspections. Product A used 170 inspections and product B used 30 inspections.
Required Determine the quality control cost used by product A.
Prob. 2
Stevenson' Department store sells stereo equipment in 700 sq. ft. of space, furniture in 1,200 sq. ft. of space, and toys in 1,000 sq.ft of space. The entire store has 20,000 sq. ft. and monthly rent of $300,000 The location of the stereo equipment is three times as valuable per square foot as that of furniture .Furniture's value per square foot is 125% of average. The location of toys per square foot is considered one-fifth as valuable at that of the stereo equipment.
Required Compute Stevenson's allocation of monthly rent to stereo equipment, furniture, and toys. There are three amounts to compute.
Prob. 3
Hedberg Scientific has three operating departments, Drafting, Development, and Finishing. These departments are supported by two service centers, Accounting and Data processing. Both service centers' costs are allocated based on hours of service.
Related data follow
accoutning dataprocessing drafting development finishing
Budgeted costs $270.000 $320,000 $200,000 $250,000 $100,000
Accounting hours ----- 500 3,400 3,800 2,800
Data processing hours 2,000 600 2,000 2,400 3,600
Required Prepare detailed schedule showing the allocation of the service center costs to the revenue centers using the direct method.
- usmankhalid - 08-07-2006
WHAT'S SO DIFFICULT IN IT? READ MATZ USRY'S FOH CHAPTER AND IT WOULD HELP A GREAT DEAL IS ALLOCATION OF SERVICE CENTER COSTS, WHICH IS DAMN EASY. I GUESS U TOOK CLASSES FROM PROFESSIONALS ACADEMY OF COMMERCE PAC, THATS WHY YOU CANT SOLVE THESE QUESTIONS. PAC'S STUDENTS GET FAILED CAUSE ITS BEING RUN BY CORRUPT INSANE ARROGANT JAFFAR HUSSAIN
- saida - 08-07-2006
sorry to disturb you, im in california & its a summer 6 week course, no tutors =/ its not easy for me, the course is going too fast and the book sux. if its simple 4 you please do solve it =)