The East Montreal Air Force Base trains new pilots and aircraft maintenance personnel. The base commander...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The East Montreal Air Force Base trains new pilots and aircraft maintenance personnel. The base commander requires a quarterly report on the actual cost incurred to train a pilot and a maintenance person. Fortunately, for those who have to determine these costs, the air base maintains only four cost centers: staff administration, personnel services, pilot training and maintenance training. The direct costs incurred to train 10 pilots and 100 maintenance personnel by each of these cost centers for the quarter just ended were as follows: 職 舺 Staff Personnel Pilot Maintenance Admin. $800,000 150,000 500,000 Services $560,000 Training $640,000 Training $400.000 Salaries and wages Materials costs 100,000 1,300,000 200,000 Other costs 300,000 600,000 300,000 Staff administration costs are allocated to other cost centers in proportion to each cost center's salaries and wages. Personnel services costs are allocated to cost centers in proportion to the number of people employed in each cost center. For the quarter, 24% of the base employees were assigned to staff administration, 20% to personnel services, 24% to Pilot training and 32% to maintenance training. The accountant of East Montreal Air Force Base allocates the staff administration and personnel services costs to pilot and maintenance training using the reciprocal method and applying simultaneous equations. Required: As the accountant of East Montreal Air Force Base, determine the cost of training a pilot and a maintenance person during the quarter just ended. The East Montreal Air Force Base trains new pilots and aircraft maintenance personnel. The base commander requires a quarterly report on the actual cost incurred to train a pilot and a maintenance person. Fortunately, for those who have to determine these costs, the air base maintains only four cost centers: staff administration, personnel services, pilot training and maintenance training. The direct costs incurred to train 10 pilots and 100 maintenance personnel by each of these cost centers for the quarter just ended were as follows: 職 舺 Staff Personnel Pilot Maintenance Admin. $800,000 150,000 500,000 Services $560,000 Training $640,000 Training $400.000 Salaries and wages Materials costs 100,000 1,300,000 200,000 Other costs 300,000 600,000 300,000 Staff administration costs are allocated to other cost centers in proportion to each cost center's salaries and wages. Personnel services costs are allocated to cost centers in proportion to the number of people employed in each cost center. For the quarter, 24% of the base employees were assigned to staff administration, 20% to personnel services, 24% to Pilot training and 32% to maintenance training. The accountant of East Montreal Air Force Base allocates the staff administration and personnel services costs to pilot and maintenance training using the reciprocal method and applying simultaneous equations. Required: As the accountant of East Montreal Air Force Base, determine the cost of training a pilot and a maintenance person during the quarter just ended.
Expert Answer:
Answer rating: 100% (QA)
Staff admin Personnal services Pilot training Maintenance training Salaries wages 800000 560000 640000 400000 Material costs 150000 100000 1300000 200000 Other costs 500000 300000 600000 300000 Total ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
For those who have done both Exers. 11 and 12, show in polars that Bu'a' Va = Pu':v-
-
Alice is considering buying a security from Bob. There are two states of the world, L and H, which occur with equal probability. In the H state the security is worth 20 to Alice and 15 to Bob. In the...
-
The U.S. Air Force requires that pilots have heights between 64 in. and 77 in. a. Find the percentage of women meeting the height requirement. b. Find the percentage of men meeting the height...
-
Use hand calculations to fit the multiple linear regression model 1 y = β0 + β1x1 + β2x2 to the data set in DS 13.6.2. (a) Write down the vector of observed values...
-
What is meant by the term junk bond? What quality rating does it fail to meet?
-
Refer to Short Exercise 18-5. Accel, Corp., desires a 25% target profit after covering all costs. Requirement 1. Considering the total costs assigned to the Products C and D in S18-5, what would...
-
In the open wire loop of Figure P28.25, end 1 is held at a higher electric potential than end 2. (a) In which direction do electrons move through the loop? (b) What is the direction of the current?...
-
As the accountant for Tooka's Trees, you need to prepare the payroll register for the payroll dated October 15, 2015. Employees are paid biweekly and are subject to a flat 3% state income tax. Use...
-
a) Risk analysis is the study of the underlying uncertainty of a given course of action and refers to the uncertainty of forecasted cash flow streams, the variance of portfolio or stock returns, the...
-
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016: Sales .......................... 2,500 units Sales price ................... $40 per unit Variable costs...
-
Review the following transactions of Lamothe Communications, Inc,.: Requirement 1. Journalize the transactions of Lamothe Communications Inc. (Record debits first, then credits. Exclude explanations...
-
List some of the reports you can generate with Project 2013 to assist with project time management.
-
Ace publishing company needs new equipment for a new branch in the region. According to prior estimates, the following positive cash flow will be generated during 5 years: Estimated pay-back period...
-
List the tools and techniques for performing risk control.
-
Why is quality assurance becoming more important? What does it mean to use lean in quality assurance?
-
What are the three main categories of outputs for quality control?
-
What kind of strategies should a manager consider when delivering performance appraisals to health care employees? Which strategies may not work for a manager delivering a performance appraisal or as...
-
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
-
For potential lenders, investigating borrowers trustworthiness is costly. This problem, known as asymmetric information, occurs both before and after a transaction. a. Before a transaction, the least...
-
Describe a commercial banks assets and liabilities.
-
Financial intermediaries can manage the problems of adverse selection and moral hazard. a. They can reduce adverse selection by collecting information on borrowers and screening them to check their...
The World Needs More Advisor Coach Trainer Instructor 1st Edition - ISBN: 979-8798974054 - Free Book
Study smarter with the SolutionInn App