For August, Royal Consulting and Mediation Practice (RCMP) worked 700 hours for Alberta Company and 1,500 hours for Ontario Corporation. RCMP bills clients at the rate of $600 per hour; labor cost for its consulting staff is $400 per hour. The total number of hours worked in August was 2,200, and overhead costs were $56,000. Overhead is applied to clients at $32 per labor-hour. In addition, RCMP had $340,000 in marketing and administrative costs. All transactions are on account. All services were billed. Transaction Description
(a) Record Labor cost
(b) Record Applied Service Overhead
(c) Record Cost of services billed
(d) Record Actual Service Overhead

Required:
Show labor and overhead cost flows through T-accounts.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?