Bright Day Company produces two beverages, Hi-Voltage and EasySlim. Data about these products follow. Hi-Voltage EasySlim
Production volume 11,000 bottles 240,000 bottles
Liquid materials 2,000 gallons 35,000 gallons
Dry materials 1,120 pounds 18,000 pounds
Bottles 11,000 bottles 240,000 bottles
Labels 4 labels per bottle 2 label(s) per bottle
Machine setups 400 setups 250 setups
Machine hours 170 MH 4,050 MH

Additional data from its two production departments follow.

Department Driver Cost
Mixing department Liquid materials Gallons $1,480
Dry materials Pounds 7,648
Utilities Machine hours 2,110
Bottling department Bottles Units $75,300
Labeling Labels per bottle 31,440
Machine setup Setups 13,000

Required:
a. Determine the cost of each product line using ABC.
b. What is the cost per bottle for Hi-Voltage?
c. What is the cost per bottle of Easy Slim? If Hi-Voltage sells for $3.75 per bottle, how much profit does the company earn per bottle d Hi-Voltage that it sells?
d. What is the minimum price that the company should set per bottle of EasySlim? Explain.

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation