Geraldgwapo

1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?

Second, the manufacturing order costs for non-stocked items was calculated by dividing total manufacturing order costs for non-stocked items by the number of orders for non-stocked products. Non-stocked products have additional costs associated with processing orders that went above and beyond the costs associated with a stocked product. The third step involved determining what the S"A allocation factor would be for calculating the S"A volume related costs. This allocation factor would then be applied to manufacturing COGS. The fourth and final step involved the calculation of the operating profit based on backing out volume related costs from sales revenues followed by deducting S"A and manufacturing order costs from the resulting gross margin to arrive at a operating profit.

Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sold 100,000 units of its output at $50 per unit, its accounting:

------------------------------------------------------------------------------------------------------------------------------- ---------------Part C: Ending retail book value of inventory = on paper, how much is your inventory worth (at retail) = = Merchandise available for sale – Sales – Deductions $200,000 - $150,000 - $20,000 = $30,000

Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,200 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturing overhead cost?

The firm initially produces where MR=MC charging price P1 and quantity Qa. At this price the firm has a large amount of

In “Global Warming: Who Loses – and Who Wins?” published in the Atlantic, Gregg Easterbrook argues that climate change makes enormous impacts on land, water, and the adaptation of human beings. He explains that the global warming affects the economy which could triggers inevitable wars over territory and resources. Giving readers information about The Mayan Empire's disappearance and the development of other countries, Easterbrook states “many people and nations will find themselves in possession of land and resources of rising values, while others will suffer dire loses” (56). Although the land values are not given, Easterbrook claims artificial greenhouse effect could harm different continent’s real estate markets causing nations to envy

Inventory at beginning of year . . . . . . . . . . . . . . . . Purchases less cost of items withdrawn for personal use . . . . . . . Cost of labor . . . . . . . . . . . . . . . . . . . . . Additional section 263A costs (attach statement) . . . . . . . . . . Other costs (attach statement) . . . . . . . . . . . . . . . Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . Inventory at end of year . . . . . . . . . . . . . . . . . Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 Check all methods used for valuing closing inventory: (i) Cost as described in Regulations section 1.471-3 (ii) Lower of cost or market as described in Regulations section 1.471-4 Other (specify method used and attach explanation) (iii)

| a. target profit + fixed expenses / contribution margin per unit 16060 + 345290 / 80.3 = 4500 contr margin = selling price - variable expenses 110-29.70= 80.3 contr margin b. target profit + fixed expenses / contribution margin per unit 40150 + 345290 / 80.3 = 4800 contr margin = selling price - variable expenses 110-29.70= 80.3 contr margin

Assume that interest in a new basis for cost accounting at Destin Brass Products remains high. In the following month, quantities produced and sold, activities, and costs were all at standard. How much higher or lower would the net income reported under the activity-transaction-based system be than the net income that will be reported under the present, more traditional system? Why?

1. Given the following information about purchases and sales during the year, compute the cost to be assigned to ending inventory under each of three methods: (a) average-cost, (b) FIFO, and (c) LIFO. (Show your work.)

Compute the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs. (Points : 4)

Calculate the effect on the financial statements in Tables 1 and 2 if the accounting system were changed to incorporate the cost of barrels ($31.50 each) into the inventory accounts.

a. What is the product cost for the expansion product under absorption and variable costing?

Abby Conroy was tasked with calculating an effective quote for Breeland Ltd., she chose the activity based accounting costing system since it more accurately captures the related costs. A special order was placed by Breeland Ltd. with Ace Fertilizer Company. The did not plan to order more of this product in the future. Based on Ace’s policy, the special order included disposal costs for any used materials in the event no other orders existed for the unused materials at the time the Breeland contract was signed. Abby correctly calculated the total direct material and labor costs and accurately arrived at the indirect costs using the ABC method and used cost activity pools that make sense for the company and