Lithium Company has two support departments, the Maintenance Department and the Security Department, and two producing departments, Molding and Finishing. Standard service hours used by the departments is considered the basis to allocate Maintenance Department costs of $40,000 and the number of employees in each department is considered the basis to allocate Security Department costs of $24,000. The direct costs of the Molding Department and the Finishing Department are $96,000 and $105,000, respectively. Data on standard service hours and number of employees are as follows: Maintenance Dept Security Dept Molding Dept Finishing Dept

Standard service hours used 200 100 850 1,150
Number of employees 15 20 450 350
Direct labor hours 100 50 1,150 1,350

Required:
Calculate the total overhead costs associated with the Molding Department after allocating the Maintenance and Personnel Department costs using the direct method.

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was: