On march 1, 2016, gold examiner receives $159,000 from a local bank and promises to deliver 95 units of certified 1-oz. gold bars on a future date. the contract states that ownership passes to the bank when gold examiner delivers the products to brink�s, a third-party carrier. in addition, gold examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. the stand-alone price of a gold bar is $1,710 per unit, and gold examiner estimates the stand-alone price of the replacement insurance service to be $90 per unit. brink�s picked up the gold bars from gold examiner on march 30, and delivery to the bank occurred on april 1.

required:
1. how many performance obligations are in this contract?

2. to 4.
prepare the journal entry gold examiner would record on march 1, march 30 and april 1. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

When color is used on a topographical drawing, black is used to represent what?

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?

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators