Sandy is an executive at yummy yogurt. because she loves the yogurt so much, in the current year she decides to buy a yogurt machine from yummy for $9,300. the machine cost the company $9,000 (the wholesale price), and it has a fair market value of $12,500 (price at which sold at retail). only executives are permitted to buy yogurt machines at a discount. what is sandy's adjusted basis for the yogurt machine, and how much must she include in her gross income?

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.