John Ting Concert Assignment Help With Solution

John Ting Concert Assignment Help With Solution

John Ting, Event Manager of Vision Music, schedules concerts for local bands and creates CDs and T-shirts to sell at each concert. Vision Music uses a normal-costing system with two direct-cost pools, labour and materials, and one indirect-cost pool, general overhead. General overhead is allocated to each concert based on 120% of the direct labour cost. The actual overhead equalled the allocated overhead as of March 20×7. The actual overhead in April was $19,800. All costs incurred during the planning stage for a concert and during the concert are gathered in a balance sheet account called ‘Concert in Progress (CIP)’.
 
When a concert is completed, the costs are transferred to an income statement account called ‘Cost of Completed Concerts (CCC)’. The following is cost information for April 20×7:
 

           From beginning CIP          Incurred in April
Band

Materials

       Labour

 

MaterialsLabour
Irok$5,700 $7,500 1,100 2,000
Freke Out7,0005,5001,4001,000
Bottom Rung2,5004,7503,1002,500
Dish Towel      –    –5,4004,500
Rail Ride      –    –2,2502,500

 
As of April 1, there were three concerts in progress: Irok, Freke Out, and Bottom Rung. The concerts for Dish Towel and Rail Ride were started during April. The concerts for Freke Out and Dish Towel were completed during April.
 
Required
 
a.Calculate CIP at the end of April.
 
b.Calculate CCC for April.
 

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention Case Id mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with Case Id in the email body. Case Id is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to Case Id . The date is asked to provide deadline.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Case Approach

Scientific Methodology

We use best scientific approach to solve case study as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:

Defining Problem

The first step in solving any case study analysis is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.

Structure Definition

The second step is to define structure to solve the case. Different cases has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.

Research and Analysis

This is the most important step which actually defines the strength of any case analysis. In order to provide best case analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.

Conclusion & Recommendations

A weak conclusion or recommendations spoil the entire case analysis. Our expert know this and always provide good chunks of volume for this part so that instructors will see the effort put by students in arriving at solution so as to provide best mark.

Related Services


 
c.Calculate the ending balances in CIP and CCC if the under- or overallocated overhead amount is as follows:
 
i.Written off to CCC.
 
ii.Prorated based on the ending balances (before proration) in CIP and CCC
 
iii.Prorated based on the overhead allocated in April in the ending balances of CIP and CCC (before proration)
 
d.Which method would you choose? Explain. Would your choice depend on whether overhead cost is underallocated or overallocated?Explain.
 

Product Code :Acc-sol-05

To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)
 
You can also email us at assignmentconsultancy.help@gmail.com but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.

Summary