Lynx Corporation has a plantwide overhead rate of $20 per machine hour. Lynx’s accountant has recommended that the company implement an ABC system that breaks its total overhead of $400,000 into two cost pools. The first cost pool is called “Operating Machinery” and is allocated to products using machine hours as an allocation base. The second cost pool is called “Other Overhead” and is allocated to products using direct labor hours as an allocation base. Lynx produces several products. One product, called the widget, consumed two machine hours and is assigned a total of $10 of overhead from the ABC cost pool called Operating Machinery. What is the total amount of overhead costs included in the Operating Machinery cost pool?

Do you need to use POR or PARA in this sentence?   Choose the correct option.   Cuando hacemos un viaje internacional siempre es obligatorio pasar _____ la aduana.

Which of the following statements regarding managerial accounting reports is true? 

Iron Inc. manufactures several products and uses an activity-based costing system to allocate overhead costs. Here are data regarding all of Iron’s various products for the current year: One of Iron’s products is iron beams. Here are data regarding the production of beams during the current year: What is the per-unit manufacturing cost of an iron beam?

Flash Shoe Company manufactures running shoes. During the month of October, Flash incurred the following costs: What are the company’s total period costs for the month of October?

Puffin Company’s operating income is $48,000 per month. Puffin’s operating leverage factor is 1.75 at this level of operating income. Puffin’s variable costs are 40% of its sales revenue. What are Puffin’s fixed costs per month?

Skeletal muscle is voluntary, striated and multinucleate.  Smooth muscle is voluntary, non striated, and uninucleate.

In eukaryotes, transcription occurs on the ribosomes that are bound to the endoplasmic reticulum

Simultaneous transcription and translation of a particular gene can occur in eukaryotes

Cove Enterprises operates a wholesaling business. All inventory sales and purchases are on account. Cove’s monthly sales budget is as follows: May $340,000, June $320,000, and July $310,000. Collections are 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 60% of the next month’s cost of goods sold. Cove pays all its accounts payable in the month following the purchase. Selling and administrative expenses are $24,000 per month and are all paid in cash. Monthly depreciation on plant and equipment is $15,000. What is the budgeted net cash inflow for the month of June?