Jay Pembroke started a business. During the first month (April 20--), the following transactions occurred. Invested cash in business, $18,000. Bought office supplies for $4,600: $2,000 in cash and $2,600 on account. Paid one-year insurance premium, $1,200. Earned revenues totaling $3,300: $1,300 in cash and $2,000 on account. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,300. Paid office rent for the month, $750. Withdrew cash for personal use, $100. Required:

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.