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Submitted by lbrnch on Tue, 2012-05-29 09:24
due on Sat, 2012-06-02 09:23
answered 1 time(s)
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accounting

14-33

need accounting question answered in word document.

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Submitted by shahimermaid on Tue, 2012-05-29 10:05
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xxx Street xxxx’x xxxxx is xxxxxxxxx xx xxx poor xxxxxx performance xx his ice cream xxxxxxxx He has xxxxxxxx the xxxxxxxxx profit xxxxxxxx xxx xxx xxxx just ended.

Sales_______________________________________________________________$45,000

xxxxx Cost xx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxx

Gross xxxxxx xxxxxxx

xxxxx Operating expenses:

xxxxxx of xxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxx products xxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 4,000

xxxxxxxxxx (allocated)____________________________________________ 2,900

Depreciation xx counter xxxxxxxxx xxx furnishings__________________ 2,500

Depreciation xx building xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 4,000

Deli xxxxxxx’x xxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxx

xxxxx 28,400

Loss xx ice cream counter$(3,400)

Required: Criticize and xxxxxxx the owner’x xxxxxxxxx

The xxxxx should xxx xxxxxxx the Depreciation of building, deli xxxxxxx’s xxxxxx xxx xxxxxxxxx xxxxxxx xxxxx are allocated costs. xxx xxxxx xxxxxxxxxxxxxx xxxxx xxx xxx xxxxxxx xx being attributed directly xx a xxxxxxxxxx product or service or xxxx center xxx called xxxxxxxx xxxxxxxxxxxxxxx

We generally xxx xxxx xxxx xxxxxxxx costs (identified as xxxxxxxx materials), some xxxxxxxxxxxx xxxxx xxxxxxxxxxx xx indirect labour/labor), depreciation costs, salaries of xxxxxx warehousing xxxxx etc xxx of xxxx a xxxxxxx

xxxxx xxxxx xxx collectively called

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