The speedjet aircraft corporation has a central materials laboratory. the laboratory has only two users, the large plane department and the small plane department. the following data apply to the coming budget year: year: budgeted costs of operating the materials laboratory for 150,000 to 250,000 technician hours per year: fixed costs per year $ 7,600,000 variable costs $ 75 per technician hour budgeted longminusrun usage in hours per year: large plane department 100,000 technician hours small plane department 60,000 technician hours budgeted amounts are used to calculate the allocation rates. actual usage for the year by the large plane department was 90,000 technician hours and by the small plane department was 110,000 technician hours. if a dualminusrate costminusallocation method is used, what amount of materials laboratory?

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.