ACC212 Chapter 22 1. We sell peaches that sell for different amounts based on their quality. #1 sell for $1.50 per lb.; #2 sell for $1.00 per lb. and #3 sell for $0.20 per lb. We can sell 300,000 Ibs. of#1, 300,000 Ibs. of #2 and 750,000 Ibs. of #3. Our total costs of producing the peaches are $472,500. Required: a. How much of the cost should be allocated to each quality of peach? b. How much is the cost per pound of peaches? 2. Alpha company has 4 departments. A & B are support departments, 1 & 2 are selling departments. Use the following information to complete the Departmental Expenses Allocation Spreadsheet and the supporting schedules. Sales Payroll expenses Square footage # of employees …show more content…
B are allocated based on total number of employees as follows: |# employees | ||Cost | Oept. 1 |10 |.40 |$ |9,400 | Oept. 2 |15 |.60 ||14,100 | Total |25 |1.00 |$23,500 | 3 a. Return on Assets (Investment) Net Income/Average Total assets Bruce = ($205,000-189,000) / $300,000 = 5.3 Wayne = ($270,000-232,000) / $290,000 = 13.1 Residual Income Net income/target net income on assets Bruce: RI = $16,000 - (.10)($300,000) = $(14,000) Wayne: RI = $38,000 - (.10)($290,000) = $9,000 b. Wayne should get the promotion because he is generating a greater percentage return on the assets of his division and it is higher than the target specified. He appears to be earning a superior return with fewer assets. Chapter 23 1. Sale of repaired units (5,000 x $33) $165,000 Sale of defective units(5,OOO x $18) (90,000) Incremental revenue from repair $ 75,000 Cost to repair the units ($10 x 5,000) (50,000) Incremental income from repairing the $ 25.000 units 2. |A||B |C| Sales price per unit |$22.00 ||$34.00 |$46.00 | Variable costs per unit |(10.00)|| (19.00)| (25.30)| ||||| Contribution margin per unit |$ 12.00 ||$15.00 |$20.70 | Divided by machine hours/unit |.75 ||1.2 |2.3 | ||||| Contribution/machine hour |S 16.00 |S |12.50 |S 9.00 | In general, the company should produce Product A first, then B, and finally C. Specifically: a. If no market constraints exist on any of the products, produce as much A
Gabe's Auto produces and sells an auto part for $30.00 per unit. In 2010, 100,000 parts were
While both medical care and public health work to improve the lives of many people, there are several distinctions between the two fields. Healthcare providers such as nurses and doctors are responsible for diagnosing and treating illnesses for individual patients. The care ranges from minor injuries to severe and chronic diseases. Meanwhile, public health strives to improve the well-being of a population. Public health advocates for the overall “promotion and prevention” of diseases before it even becomes an issue for healthcare providers. Public health encourages people to adopt healthy lifestyle choices and strives to control the outbreak of diseases. Although public health is often overlooked in the grand scale of medical care, it is undoubtedly the main aspect in ensuring that the overall health of a community is prospering.
Chapter 25 discusses the United States and the Second World War from 1939-1945. The United States wanted to stay out of international affairs but the newly elected Roosevelt advocated for an active role in it. Though he wanted a role in this, his priority was to attack the domestic causes of the depression which appealed to many poor Americans who were suffering from the Great Depression and had just lost everything. During this time, fascist governments threatened military aggression and the rise of Hitler created a controversial and war-like atmosphere. Hitler had a goal to avenge the defeat of WW1 which lead to the accusations of Jews, and the eventual full-blown Holocaust. Neutrality acts were put into place during this time to prohibit the exchange of arms to nations during the war.
Management should note that the level of activity was above what had been planned for the month. This led to an expected increase in profits of $1,100. However, the individual items on the report should not receive much management attention. The favorable variance for revenue and the unfavorable variances for expenses are entirely caused by the increase in activity.
| One guideline for working with forms is to display ____ fields in a distinctive way, and prevent users from changing and updating them. c.
are costs that have already been incurred and cannot be changed by any decision made
Classification: Posting of sales transaction to proper account: tested when accuracy tested; focus on unusual items
The sales-value at splitoff method captures the benefits-received criterion of cost allocation and is the preferred method. The costs of processing a chicken are allocated to products in proportion to the ability to contribute revenue. Chicken Little’s decision to process chicken is heavily influenced by the revenues from breasts and thighs. The bones provide relatively few benefits to Chicken Little despite their high physical volume.
One easy way to provide feedback and information to parents is to make an online newsletter. My teacher updates her newsletter about once every two weeks and then sends an email to the parents to let them know. The newsletter is on the schools main page, but the bi-weekly reminder is how she communicates the information with parents. In my teachers newsletter she includes a calendar for the month, important school events, like the Thanksgiving Feast. My teacher also includes what the students are learning in class and ways that the parents could help them at home, such as read aloud time, and finding vocabulary words together. The newsletter also has information
1) Complete summary of the case study that identifies the key problems and issues, provides background information, relevant facts, the solution employed, and the results achieved.
The client would like to know if the related accrued Social Security taxes for accrued vacation pay earned but not paid can be deducted as a year-end accrual.
Big Tex wants his new manager (the same one mentioned in part d. above) to oversee a proposed hotel gift shop. The small gift shop will increase his ADR by 1%, his variable costs by 5 %, and his fixed costs by $24,000.
As a result, the company would then be able to maximize profits and produce its product in optimal amounts so as to satisfy consumer demand effectively.
When price is $20.6, the quantity is 1,242,425 and profit is $101, we come near to break even point.