Case AD vs T Excel answers 20240403-final

Calculate the cost efficiency - profit margin ratios

The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 Direct Labor Indirect Labor $51,600 45,500 99,100 22,300 29,600 28,100 145,750 26,660 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $35,400 5,200 17,900 31,100 9,450 557,100 5,000 65,300 9,710 2,200 99,000 39,400

Q2 Lautaro & Lukaku's provided the following accounting information for 2021: Jan. 1, 2021 Dec 31, 2021 $65,000 Finished goods inventory........ • Cost Of Goods Manufactured COGM = $320,000 Sales revenues = $740,000 Selling & adm. expenses = $72,000 Tax rate 30% $80,000 Required: 1. Prepare a schedule to calculate the cost of goods sold. 2. Prepare the income statement of this company for 2021

calculate this account questions profit ratio

The following relates to a single sale of goods made by Spurs in 2023: Selling price                                                               P500,000Freight costs                                                                    5,000Terms                                                                        3/15, n/30Shipping Date                                            December 28, 2023Date goods received by the customer             January 3, 2024Date payment is received by Spurs                 January 5, 2024 Question:9. If the term is FOB destination, how much sales should be recorded by Spurs for the year ended December 31, 2023? a. P0b. P490,000c. P495,000d. P500,000

Spot rate A$1.00 = £0.37 Date Event Order £300,000 of inventory Purchase takes place as inventory shipped to Fujitsu Ltd | A$1.00 = £0.41 (FOB) End of financial year Inventory arrives at warehouse Payment of £300,000 to supplier 15 March 2019 11 May 2019 30 June 2019 A$1.00 = £0.43 02 July 2019 14 August 2019 A$1.00 = £0.42 A$1.00 = £0.39 Required: a) Prepare appropriate journal entries for each relevant event. nearest dollar). Show your working. b) What is a qualifying asset? Provide two (2) examples. (Round amounts to the

Find the On Balance Volume(photo) 1. What is the OBV on 10 May?2. What is the OBV on 05 May?

QUESTION 1 a. Kpogo Ltd has the following products in inventory at the end of 2019: Units Cost per unit GH¢ XYZ (completed) 540 22 ABC (part complete) 280 26 Each product normally sells at GH¢34 per unit. Due to the difficult trading conditions, Kpogo Ltd intends to offer a discount of 15% per unit and expects to incur GH¢4 per unit in selling costs. GH¢10 per unit is expected to be incurred to complete each unit of ABC. Required: In accordance with IAS 2 Inventories, at what amount should inventory be stated in the financial statements of Kpogo Ltd as at 31 December 2019? b. According to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, an entity must select and apply its accounting policies consistently from one period to the next and among various items in the financial statements. However, an entity may change its accounting policies under certain conditions. Required: Identify the circumstances under which it may be appropriate to change accounting policy in…

Natal Company provided the following information: Pro Problem 10-2 (IAA) 1,400,000 200,000 650,000 60,000 150,000 2,000,000 Sum beg of 9 yea Materiale Advance for materials ordered Goods in process Unexpired insurance on inventories Advertising catalogs and ehipping cartona Finished gooda in factory Finished goods in company-owned retail store, including 50% profit on cost Pinished goods in hands of consignees including 40% profit on sales Finished goods in tranait to customers, shipped FOB deatination at cost Finished gooda out on approval, at cost Unsalable fininhed gooda, at cost Office supplies Materials in transit shipped FOB nhipping point, excluding freight of P30,000 Goods held on consignment, at sales price, cost P150,000 1. 2. 750,000 3. 4. 400,000 250,000 100,000 50,000 40,000 330,000 200,000 Required: Compute the correct amount of inventory.

Hi, can you please help me to compare and contrast the company's performance for the year 2019 and 2020? Thanks in advance

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question O C. Work in Progress Finished Product 48 Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the average debtors? ut of O a. OMR 15000 uestion O b. OMR 7500 O c. OMR 30000 O d. OMR 10000 pe here to search Pa lenovo

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Problem 12-2A (Algo) Perform horizontal analysis (LO12-2) The income statements for Anything Outdoors for the years ending December 31, 2024 and 2023, are provided below. Required: 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Outdoors. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income ANYTHING OUTDOORS Income Statements For the Years Ended December 31 2024 2023 $ 3,350,000 $2,520,000 $ 2,100,000 1,250,000 785,000 465,000 9,000 474,000 97,500 376,500 $ $ 1,355,000 1,165,000 610,000 555,000 5,500 560,500 135,000 425,500 $ Increase (Decrease) Amount 830,000 745,000 85,000 175,000 (90,000) 3,500 (86,500) (37,500) (49,000) % 32.9

Find the On Balance Volume(photo) 1. What is the OBV on 09 May? 2. What is the OBV on 08 May?

Chapter 1 - Inventories The December 31, 2019 inventory of Hope Company consisted of four products, for which certain information is provided below. Estimated Unit Number disposal cost selling price TITTTT Estimated Normal profit on sales 20% 25% 30% 10% Product Cost of units H per unit 6.50 12.00 25.00 3.00 per unit 40 25 42 120 18 1,000 2,000 3,000 4,000 48 P 190 E 26 Hope Company measures its inventory at the lower of cost and net realizable value on an item-by-item basis. How much is the total inventory value at December 31, 2019? P692,500 P541,000 P529,000 P469,000 a. b. с. d.

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Q7 What amount will Music, Inc. report as ending inventory on its December 31, 2021 balance sheet?

Answer ALL FOUR Questions Question 12 Total Pop's data show the following information of January, February, March, April, May 2022 (respectively): ♦ + Additional information Finished goods inventory is required to be 20% of the next month's . Jan. Feb. Mar. Apr. May Estimated sales (units) 15,000 14,500 16,000 15,500 15,800 Sales price per unit $ 45 $ 45 $ 45 S 45 $ 45 Direct labor per unit $ 3 $ 3 $2.25 S 2 $ Labor rate per hour $ 18 $ 18 S 21 $ 21 S 2 21 requirements. The ending inventory required for direct materials is 15% of the next month's needs. Direct material requires 2 pounds per unit at a cost of $3 per pound. In January, the beginning inventory is 3,000 units of finished goods and 4,470 pounds of material. Required: Prepare the below budgets for the company: (a) a production budget for the first quarter of the year. (b) direct materials budget for the first quarter of the year. X

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1. What is sales overview of sales report above. 2. What is reporting of sales report above.

< Cost Flow Methods The following three identical units of Item JC07 are purchased during April: Units Cost April 2 April 15 April 20 Total Item Beta Purchase Purchase Purchase a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost 1 1 1 3 $94 97 Gross Profit 100 $291 Average cost per unit ($291 + 3 units) Assume that one unit is sold on April 27 for $120. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. $97 Ending Inventory $

Question 1The Alpha Manufacturing Co. present the following information for the year ended 31st December 2019 Sales: $ 252000 Commission: 2500Sales Returns and Allowances: 2000 Advertising: 4000 Purchases of Raw Material: 96200Depreciation of Sales Office: 2200 Carriage In: 300 Traveling Expense: 1800 Direct Labour: 40000 Bad Debts : 700 Purchases Return: 1200 Salaries: 2000 Indirect Material: 4300Stationery Used: 1125Indirect Labour : 4700Rent of Office: 1500 Rent of Factory: 3500Interest Received: 1110 Factory Taxes: 1150 Interest Paid: 275 Insurance of Factory Building: 1500Depreciation of Plant and Machinery: 3425 Heat, Light and Power: 2225INVENTORIES January 1 Dec. 31Finished Goods …………………….. $ 17600 $15300Work in Progress ……………………. 16100 13900Materials ……………………………… 9000 15300 Required:Cost of goods sold StatementIncome Statement.

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Date Date 1/9/18 10/9/18 Dollar Rate Dollar Rate 1,16 Price in Euros Price in Dollars Price in Dollars Difference 1,18 Model 300 VRG 625 RTM 475 GRM 200 GRM 650 MTY 600 RTM 500 MTY 46.900 € $55.342 $54.404 $938 66.700 € $78.706 $77.372 $1.334 96.100 € 122.600 € 164.900 € 214.400 € 247.300 € $113.398 $111.476 $1.922 $144.668 $142.216 $2.452 $194.582 $191.284 $3.298 $252.992 $291.814 $248.704 $286.868 $4.288 $4.946 1) Most of your exports to the US belong to the model 600 RTM. The experience shows that, if the price of this product rises over 215000 dollars, the exported units will be reduced. If this product is priced in euros, and assuming the trend shown in question 1 continues, what would be the consequences for your company's exports?

5.3 please a and b

Question:  Jones Company was formed on December 1, 2021. The following information is available from Jones's inventory record for Product X.                                                                                                                 Units          Unit Cost             January 1, 2022 (beginning inventory)                                           1,600              £18.00             Purchases:                   January 5, 2022                                                                      2,600              £20.00                   January 25, 2022                                                                    2,400              £21.00                   February 16, 2022                                                                   1,000              £22.00                   March 15, 2022                                                                      1,800              £23.00   A physical inventory on March 31, 2022, shows 2,500 units on…

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