Westmorland makes ink that it uses in ball point pens. the company produces two colors of ink. one is blue the other is red. ink is made in batches with setup costs being $2,000 per batch. demand for blue ink is significantly stronger than for red ink. during the most recent week, the company made 2 batches of ink, one blue the other red. it requires 1 hour of labor to make a gallon of ink regardless of color. there were 300 hours of labor used to make the blue ink and the 100 hours of labor used to make the red ink. if the company uses activity-based costing and allocates the setup cost on the basis of the number of batches, the setup cost allocated to the

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

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