1.1 ) A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?

Q: James Inc. purchased the following assets in February 2022 for a total price of $2,900,000. Below…

A: Lets understand the basics. When multiple assets are purchased for a single price then asset needs…

Q: Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31…

A: Balance sheet :— Balance sheet is the Financial Statements that reports a company's Assets,…

Q: Assume your company purchased on account $800 of raw materials (direct materials) in January. In…

A: Which of the following entries should be made in February to record the materials used in your…

Q: During May 2022, your company used $400 of cleaning supplies in the factory. When the use of these…

A: The work in process account records the total direct costs include during the production. The…

Q: Required information [The following information applies to the questions displayed below.]…

A: The journal entries are prepared to record the transactions on the regular basis. The direct costs…

Q: Pena Company is considering an investment of $29,480 that provides net cash flows of $8,900 annually…

A: NPV :— NPV is one of the Capital Budgeting techniques which help to Find out whether project is…

Q: Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2…

A: Variable cost Per unit:     Cost of goods sold 5.06  =(2590720*70%)/358400 Operating expenses…

Q: QUESTION 4 A. a. According to MFRS 108 Accounting Policies, Changes in Accounting Estimates and…

A: MFRS stands for The Malaysian Financial Reporting Standards (MFRS). The MFRS was introduced by the…

Q: Assume you made the following two predictions for 2022 for one of your production facilities: Total…

A: Predetermined Overhead Rate: At the beginning of the accounting period, a predefined overhead rate…

Q: Insight Company's standard factory overhead rate is $3.76 per direct labor hour (DLH), calculated at…

A: The variance is the difference between actual data and the standard cost of production. Variable…

Q: Required information [The following information applies to the questions displayed below.] Ramirez…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: The beginning inventory and the purchases and sales of inventory for March for the Carolina Company…

A: The inventory can be valued using various methods as FIFO, LIFO and weighted average method. Using…

Q: Examples for the permanent differences between financial reporting and reporting for the IRS in…

A: Answer:- Financial reporting meaning:- The process for recording and communicating financial…

Q: Prepare an amortization schedule for the Minco Inc. bond showing only 2020. (Round your intermediate…

A: You have quoted multiple questions under a single question and the bond amortization schedule is the…

Q: Corporation BBB, a public company, give you the following Financial Information for this year: ($)…

A: Rental Profit: $10,000 Taxable Capital Gains: $30,000 Net Capital Loss Carry Forward: $20,000

Q: Betty of $50,000 and a fair market value of $150,000 that was subject to a mortgage of $120,000 in…

A: Adjusted net fair market value=(Adjusted basis−Mortgage)50%=$150,000−$120,00050%=$30,00050%=$60,000…

Q: How much is the total amount credited to Installment Sales? 2. How much is the total realized gross…

A: Installment sales :— one of the regular payments that you make for something until you have paid the…

Q: a) Given that Weber Inc. employs a perpetual inventory system, calculate the cost of goods available…

A: Inventory refers to all the items of goods, and materials held by a business for selling in the…

Q: You borrow money on a self-liquidating installment loan (equal payments at the end of each year,…

A: The formula to calculate installment is Loan = annual installment×1-1+i-ni   Total interest payment…

Q: The following data were taken from the financial records of Crane Company. Net Sales Beginning…

A: Average inventory = Beginning inventory+ Ending inventory 2                               2021 =…

Q: On January 1, 2016, Crammer Inc. issues five-year bonds with a total face amount of $1,000,000 and a…

A: Bonds payable is a form of liability being incurred by the business, on which regular interest…

Q: Pottery Corporation sells many of its pottery overseas. The following transaction took place On…

A: Forward Contract A tailored agreement between two parties to purchase or sell an item at a…

Q: Milano Gallery purchases the copyright on a painting for $480,000 on January 1. The copyright is…

A: Introduction: Journal entry is used to record a business arrangement in a corporation's accounting…

Q: Boyd Company has a line of credit with State Bank. Boyd can borrow up to $500,000 at any time over…

A: Prepare an income statement:- BOYD COMPANY Income Statement For the year ended December…

Q: Gleason Guitars produces acoustic guitars. The table below contains budget and actual information…

A: Variance analysis :— Variance Analysis is nothing but the difference between Standard Cost and…

Q: Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45…

A: The account receivables turnover ratio is calculated as credit sales divided by average account…

Q: Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied…

A: Journal entries refers to the accounting system in which the various transactions of the company has…

Q: Brave Company maintains a branch in Davao City and makes inventory shipment to its branch at 20%…

A: The Allowance for overvaluation of branch inventory account, also called Unrealized profit in branch…

Q: Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot…

A: Under the direct method, the bad debt expense is recorded as and when it is incurred. The bad debt…

Q: Thunder Corporation, an amusement park, is considering a capital nvestment in a new exhibit.…

A: NPV is calculated as the difference between the cash inflows and cash outflows. In the given case,…

Q: Overhead for one month at the Allimore Department store totaled $8000. Find the overhead for each of…

A: Introduction: Overhead is a term used to describe ongoing business costs that are not directly…

Q: Assume the St. Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide…

A: a1     Budgeted Plant-wide overhead 250000   Add: Budgeted department overhead 437000…

Q: Case study 01 - Inventory Management You are the accounting officer of Zhaka CC, a small…

A: The optimal or ideal stock level is the optimum amount of inventory that a company needs to satisfy…

Q: Whitelands Inc. had the following operating transactions during January 2020, its first month of…

A: Balance sheet is the financial statement which is useful for knowing the financial position of an…

Q: Which of the following statements are true? (select all that apply) O the cost of direct laborers…

A: Job costing is the cost of a specific job or contract when work is carried out in accordance with…

Q: Accounting First year sales revenue for coffee sleeves is estimated to be $18,000,000 in the first…

A: A sales forecast is a statement prepared to show the estimated or budgeted sales for the upcoming…

Q: B. Suhaimi, a senior auditor in charge, is called upon to audit a client, Panda Motor Bhd, which…

A: Planning - The creation of a plan for the course of action or the steps to be taken in order to…

Q: The exchange rates were as follows: 1 October 2021 31 December 2021 Average rate for 2021 (i) Rupiah…

A: According to the given question, we are required to compute the goodwill that should be recognized…

Q: Instructions: 1. 2. 3. 4. As of June 30, the end of current fiscal year, the accountant of Universe…

A: Journal Entry :- A journal entry is the act of recording any transaction, whether one that is…

Q: Nordman Lumber Company handles two principal lines of mechandise               with the associated…

A: Estimated ending inventory is the amount of inventory that an entity have, at the end of the period.…

Q: Techcom is designing a new smartphone. Each unit of this new phone will require $248 of direct…

A:

Q: Prepare journal Entries: Jenny runs a business making embroidered linens for wedding receptions. She…

A: Introduction: A journal entry contains information about a single business transaction, such as the…

Q: One of the ways to analyze a company’s financial performance is to compare its performance with…

A: The financial performance of the company means the measurement of the company activities in an…

Q: American Corporation has two equal shareholders, Mr. Freedom and Brave Incorporated. In addition to…

A: Answer:-  Constructive dividend meaning:- Any payment made to a shareholder that the company…

Q: Milano Gallery purchases the copyright on a painting for $480,000 on January 1. The copyright is…

A: Introduction: A journal entry is used to record a business deal in the company's accounting records.…

Q: ABC company produces and selling a single product. The following information relates to their…

A: ABC company produces and selling a single product. The sales forecast of the quarter is given. A…

Q: What is the depreciation deduction, using 200% DB method, after year 2 for an asset that costs…

A: Depreciation rate as per double declining balance method  = (100/useful life)×2 = (100/6)×2 =…

Q: Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,900 and has…

A: The book value of an asset is calculated as the difference between the cost of assets and…

Q: Boxwood Company sells blankets for $32 each. The following was taken from the inventory records…

A: On May 23, two units were sold.    To determine the gross profit, cost of goods sold needs to be…