A company exchanged an old machine which originally cost 22 000 and has accumulated depreciation to date of 12 000 for a new machine. The old machine had a fair value of 14 000.

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Tutorial Work 8 12 Management Accounting. University. James Cook University. Course. Management Accounting CO5103 03. 340 000 11 000 machine hours = 30.91 per machine hour (b) 18 000 direct labour hours The costs can be accumulated through process departments as the product passes from one to another.

GAA has 50 years of mining and engineering expertise built up on 6 continents. GAA operates as an independent technical consultant providing resource evaluation mining engineering and mine valuation services to clients. GAA has received and will receive professional fees for its preparation of this report.

These costs are not affected by temporary fluctuation in activity of an enterprise. These are also known as period costs. Example Rent Depreciationetc Variable Cost Variable cost is the cost of elements which tends to directly vary with the volume of activity. Variable cost has two parts (i) Variable direct cost (ii) Variable indirect costs.

Study FARPersonal flashcards from Rheana De Leon The shipping company will not recognize depreciation expense for the boat in the current year. its accumulated depreciation was 20 000 and its fair value was 5 000. Highway s truck originally cost 23 500 its accumulated depreciation was 19 900 and its fair value was 5 700.

Diaz Company owns a milling machine that cost 250 000 and has accumulated depreciation of 182 000. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.

A company purchased and installed a machine on January 1 at a total cost of 72 000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1 of the fourth year. The . asked by lydia on February 22 2015 accounting. A company purchased and installed a

BE3-6 Trek Company has the following production data for April units transferred out 40 000 and ending work in process 5 000 units that are 100 complete for materials and 40 complete for conversion cost. If unit materials cost is 4 and unit conversion cost is 7 determine the costs to be assigned to the units transferred out and the units in ending work in process.

XYZ Company has an Accumulated DepreciationAsset account with a balance of 22 000 on January 1 2004 and a balance of 30 000 on December 31 29-07-2010 1.5 Business What is the journal entry for the following transactions. Purchases Materialsgrowing 29-07-2010 5 Business

For several years the company has rented out a small annex attached to the rear of the building. for 30 000 per year. The renter s lease will expire soon and rather than renewing the lease the. company has decided to use the annex to manufacture a new product. Direct materials cost for the new product will total 80 per unit.

Repeating the problem The Test Company is evaluating the proposed acquisition of a new milling machine. The machine s base price is 108 000 and it would cost another 12 000 to modify it for special use by your firm. The machine will be depreciated under the straight line method with a life of 3 years and a salvage value estimate of zero.

Repeating the problem The Test Company is evaluating the proposed acquisition of a new milling machine. The machine s base price is 108 000 and it would cost another 12 000 to modify it for special use by your firm. The machine will be depreciated under the straight line method with a life of 3 years and a salvage value estimate of zero.

Jul 24 2014 · Millworks Company owns a milling machine that cost 125000 and has accumulated depreciation of 91000 Prepare the entry to record the disposal of the milling machine on Jul 24 2014 · Millworks Company owns a milling machine that cost 125000 and has accumulated depreciation of 91000 Prepare the entry to record the disposal of the milling machine on January 5 under each of the following independent situations 1 The machine needed extensive repairs and it was not worth repairing. More Details

Tutorial Work 8 12 Management Accounting. University. James Cook University. Course. Management Accounting CO5103 03. 340 000 11 000 machine hours = 30.91 per machine hour (b) 18 000 direct labour hours The costs can be accumulated through process departments as the product passes from one to another.

Prepare the company s process cost summary for October using the qweighted-average meth. Millworks Company owns a milling machine that cost 125 00 and has .. Suppose that you invested 000 dollars using the. millworks company owns a milling machine that cost 125 000 and has accumulated depreciation of 91 000

The cash flows from purchasing the new machine would be the saved operating expenses. We would also need to include the change in depreciation. The old machine has a depreciation of 1.35 million per year and the new machine has depreciation of 3.9 million per year so the increased depreciation will be 2.55 million per year.

Nov 06 2017 · Diaz Company owns a milling machine that cost 125 900 and has accumulated depreciation of 92 800. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. The machine needed extensive repairs and it was not worth repairing.

( in 000) Net sales 5 281 954. Costs and expenses. Cost of products sold 4 765 505. Marketing administrative and other expenses 193 147 KEW sold machinery for 85 000 that originally cost 300 000. Accumulated depreciation at the time of the sale amounted to 225 000. KEW sells unneeded machinery occasionally Foremost Company owns

Grindng Media Ball Machine We are a large-scale manufacturer specializing in producing various mining machines including different types of sand and gravel equipment milling equipment mineral processing equipment and building materials equipment.

The company has been experiencing losses from its cano 3 6729 Varto Company has 7 000 units of its sole product in inventory that it produced last year at a cost of 22 each. nbs 3.5 6728 Cantrell Company has already manufactured 20 000 units of Product A at a cost

1 d. Because the company has no beginning or ending inventories and only Jobs D-75 and C-100 were started completed and sold during the year the cost of goods sold is equal to the sum of the manufacturing costs assigned to both jobs of 3 360 000 (= 1 600 000 1 760 000).

The old equipment was purchased several years ago for 450 000 and has annual operating costs of 600 000 accumulated depreciation of 180 000 and a 5-year remaining useful life. The new equipment being considered costs 750 000 has annual operating costs of 480 000 and has a

Nov 06 2017 · Diaz Company owns a milling machine that cost 125 900 and has accumulated depreciation of 92 800. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. The machine needed extensive repairs and it was not worth repairing.

Managerial Accountingtools for decision making If it has four machines in operation and if it can readily adjust its fixed capacity cost by increasing or decreasing the number of ice cream

A company purchased a machine on January 1 of the current year for 750 000. Calculate the annual depreciation expense for each year of the machine s life (estimated at 5 years or 20 000 hours with a salvage value of 75 000). The management of cooper Equipment is planning to purchase a new milling machine that will cost 160 000 installed

Jun 27 2014 · Beginner accounting journaling question Lynda s Company owns a milling machine that cost 125 300 and has accumulated depreciation of 90 600. Prepare the Beginner accounting journaling question Lynda s Company owns a milling machine that cost 125 300 and has accumulated depreciation of 90 600. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.Can you help me with accounting homework Yahoo AnswersOct 28 2016pls help me Yahoo AnswersMay 06 2014Diaz Company owns a milling machine that cost 126 400 and May 03 2014See more results

The old equipment was purchased several years ago for 450 000 and has annual operating costs of 600 000 accumulated depreciation of 180 000 and a 5-year remaining useful life. The new equipment being considered costs 750 000 has annual operating costs of 480 000 and has a

OCF from Several Approaches LO1 A proposed new project has projected sales of NKr108 000 costs of NKr51 000 and depreciation of NKr6 800. The tax rate is 35 per cent. Calculate operating cash flow using the four different approaches described in the chapter

So after five years the accumulated depreciation will be Accumulated depreciation = 5( 55 000) Accumulated depreciation = 275 000. The book value at the end of year five is thus BV5 = 440 000275 000 . BV5 = 165 000 The asset is sold at a loss to book value so the depreciation tax shield of the loss is recaptured.

PTK Ltd is a manufacturer of power tools and has decided to renew outdated production machinery at one of its plants this plant cost £200 000 eight years ago and has no current scrap value but will cost £10 000 to remove payable now. Two mutually exclusive replacement options are possible Option A

Grindng Media Ball Machine We are a large-scale manufacturer specializing in producing various mining machines including different types of sand and gravel equipment milling equipment mineral Grindng Media Ball Machine We are a large-scale manufacturer specializing in producing various mining machines including different types of sand and gravel equipment milling equipment mineral processing equipment and building materials equipment.

millworks company owns a milling machine that cost 125 000. millworks company owns a milling machine that cost 125 000. Millworks Company owns a milling machine that cost 125 00 and has accumulated depreciation of 91 000. Prepare the entry to record the disposal of the milling machine on Janurary 5 under each of