The following items and amounts were taken from Wildhorse Co.’s 2017 income statement and balance sheet. Cash $ 89,400
Retained earnings 120,000
Cost of goods sold 438,800
Salaries and wages expense 118,500
Prepaid insurance 8,100
Inventory 64,900
Accounts receivable 91,000
Sales revenue 587,700
Notes payable 6,100
Accounts payable 51,200
Service revenue 5,100
Interest expense 1,810
In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item.
choose the correct category
' EquityExpense Cash
choose the correct category
LiabilityStockholders' Retained earnings
choose the correct category
' Equity Cost of goods sold
choose the correct category
RevenueStockholders' Salaries and wages expense
choose the correct category
AssetStockholders' Prepaid insurance
choose the correct category
RevenueStockholders' Inventory
choose the correct category
RevenueStockholders' Accounts receivable
choose the correct category
' EquityAssetLiability Sales revenue
choose the correct category
Stockholders' Notes payable
choose the correct category
Stockholders' Accounts payable
choose the correct category
' EquityRevenueExpense Service revenue
choose the correct category
' Equity Interest expense
SHOW LIST OF ACCOUNTS
Prepare an income statement for Wildhorse Co. for the year ended December 31, 2017.

What is the communication process? why isnt it possible to communicate without using all the elements in the communication process?

Which of the following are considered needs? check all that apply

Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?