Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need help the city of eagle rock uses an internal

need help The City of Eagle Rock uses an Internal Service Fund to provided printing...

80.2K

Verified Solution

Question

Accounting

need help

The City of Eagle Rock uses an Internal Service Fund to provided printing services to its various departments. It bills departments on the basis of an estimated rate per page of printed material, computed on the accrual basis of accounting. From the following information, compute the total cost that will be used to develop the cost per page. Assume that the equipment in the item 6 was contributed by the city and that the pricing objective was to recoup the cost of equipment in the rate charged over the life of the equipment.

Inventory of paper on hand at beginning of year: $10,000.

Estimated paper purchase during the year: $60,000.

Estimated amount of paper to be consumed during the year: $55,000.

Estimated salaries to be paid during the year: $255,000.

Estimated salaries earned during the year, including both what was paid and what was owed at year end: $265,000. Cost of equipment on hand at beginning of the year (estimated life was 10 years): $1,000,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suburbs close to or like the countryside are referred to as Conurbs Exurbs Inurbs

Biology
Q

1.A company is analyzing two mutually exclusive projects, E and F, whose cash flows are shown...

Finance
Q

When using Gaussian elimination to solve a system of linear equations, how can you recognize that...

Basic Math
Q

One risky and one prudent, two investment startegies are compared. 7 of the funds following the...

Statistics
Q

What do you see as the main organizational problems that are likely to be associated with...

General Management
Q

A particle is thrown up with initial velocity v along a smooth fixed wedge as...

Physics
Q

Shelton Corporation's inventory records report the following: \table[[Date,Activities,Units Acquired at Cost,Units Sold at Reta],[August...

Accounting
Q

Before you reconcile your check register balance does not include the bank's service charge true...

Accounting
Q

Hello, hope you can answer the 12 questions please. ...

Accounting
Q

h Performance evaluations are best done using: Multiple Choice Direct costs....

Accounting
Q

Q11. Consider a discount bond with a principal payment of $1,000 in 8 years and...

Finance
Q

A company's Forming department started processing 6,220 units in October. Production activity for the Forming...

Accounting