5-1. Amherst Metal Works produces two types of metal lamps. Amherst manufactures 20,000 basic lamps and 5,000 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information: Basic Lamps Designer Lamps Total Direct materials per lamp $ 9 $15 Direct manufacturing labor per lamp 0.5 hours 0.6 hours Direct manufacturing labor rate per hour $20 $20 Indirect manufacturing costs $234,000 Calculate the total budgeted costs of the basic and designer lamps using Amherst’s simple costing system.

Q: Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balan...

A: Estimated uncollectible amounts = Ending Accounts receivable balance x 5% = $390,000 x 5% = $19,500

Q: I need help

A:

Q: Selected data from Design Corporation for 206 is as follows: Conversion Cost is:   (see image)

A: Conversion cost: This is the cost incurred to convert the raw materials into finished goods. These c...

Q: pproximately Relevant ABC Silven Company has identified the following overhead activities, costs, an...

A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products. Th...

Q: facturing overhead costs to production at a budgeted indirect-cost rate of $18 per direct labor-hour...

A: Allocated Manufacturing Overheads= $18 x 4000                                                       ...

Q: Beta Co. sold 10,000 shares of common stock, which has a par value of $25, for $27 per share.The com...

A: Stockholders' equity section of a balance sheet includes paid in capital and retained earnings. 

Q: QUESTION 8 Select the correct statement regarding relevant revenues.     Relevant revenues m...

A: Revenue can be consider as the income which is received by the entity at the time of selling goods o...

Q: Pharoah Company expects to have a cash balance of $64,800 on January 1, 2017. These are the relevant...

A: The cash budget is prepared by the management for future planning on the basis of past experience. I...

Q: QUESTION 22 Costs that are not related to any specific product, batch, or unit of production are...

A: In activity based costing facilty level costs are costs which cannot be allocated to any special thi...

Q: Create a cross volume profit chart. Select an item or product used in an healthcare organization and...

A: Break even point refers to to point of sales where there is no profit and no loss  

Q: Discuss the Supplier Integration and Relationship Management

A: Supplier is the person from which a firm procures its inventory and raw-material. A manufacturing fi...

Q: Year 1 Jan.   1   Paid $287,600 cash plus $11,500 in sales tax and $1,500 in transportation (FOB ...

A:

Q: Please answer all parts with explanations thx

A: a)  Income before discontinued operations = Net income - Gain on discontinued operations = $2,700,00...

Q: Use the following information to prepare the cost of goods sold section of the income statement for ...

A:

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn $1,79...

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: Miller Mining acquired rights to a tract of land with the intent of extracting from the land a valu-...

A: Depletion: It can be defined as a reduction or fall in the value of natural resources being used in ...

Q: QUESTION 21 Preston Manufacturing is working on two housing projects. Overhead is applied on the...

A: Overhead application rate = Estimated overhead / Estimated Direct labor hours = $64,000 / 10,000 hou...

Q: 6.You have two savings accounts, each with an initial principal of $1000.  The nominal rate on both ...

A:

Q: Can you explain in detail why the answer is A please?

A: Intangible assets are considered as non-current assets because they provide value to the company whi...

Q: Please answer all questions with explanations thx

A: a) Calculate ratio of fixed assets to long-term liabilities: Fixed assets to long-term liabilities =...

Q: How might the job of an accountant be redesigned to make it more motivating?

A: Job redesign can be referred to as the process through various elements, processes, tasks and respon...

Q: QUESTION 24 The following are costs of a restaurant   For each cost, identify it as: Product co...

A: Product cost: The cost incurred to manufacture a product is called a product cost. Selling, administ...

Q: Describe the nature of the evidence the internal revenue agentwill use in the audit of Jones Company...

A:

Q: The first processing department of BAKAL CO., the Welding Department, started the month with 18,000 ...

A: Units started and completed = Units completed and transferred - beginning work in process inventory ...

Q: Explain why speeding up the collection of accounts receiv-able provides only a one-time increase in ...

A: Fast-moving up the collection of accounts receivable will not increase the total amount collected. 

Q: The plant and machinery at cost account of a business for the year ended 30 June 20X4 was as follows...

A: We have the following information: (1st July, 20X3) Opening Balance: $240,000 (30th June 20X4) Clos...

Q: Columbus Company issued $80,000 of 10-year, 9% bonds payable on January 1, 2018. Columbus Company pa...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Prepare the necessary journal entries to record the following transactions in 2013 for the Hoover Co...

A: Solution:- Preparation of the journal entries of Hoover Company for the year ended 2013 as follows:-...

Q: The manager of a retail shop is awarded a bonus if his shop stays within the quarterly budget. Often...

A: The expected code of conduct under various business situations requiring individuals to take an appr...

Q: Consider a home mortgage of $225,000 at a fixed APR of 12% for 30 years. a. Calculate the monthly pa...

A: We use PMT function in excel to calculate monthly payment 

Q: Use the following data to prepare a model that allocates the support departments using the three met...

A:

Q: Hello. Please Answer ASAP

A: We have the following information:

Q: INTEREST COST. Ajax Corporation is deciding which of two banks to borrow from on a 1-year basis. Ban...

A: Given that, Ajax corporation decides to borrow money on 1 year basis where, Interest rate in BANK A ...

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example 1...

A: We use Fv function in excel to find future value 

Q: Garrett Company has the following transactions during the months of April and May:   Date Transac...

A: Inventory Valuation Method: Inventory valuation methods are used to determine the cost of goods sold...

Q: Coronado Industries provides financial consulting and has collected the following data for the next ...

A:

Q: Can an accountant's job be delivered from home or onsite at the office? Why?

A: Accountants work on various functions like financial accounting, management accounting, auditing etc...

Q: The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,010 unit...

A: Particulars Units Price per unit Total value Jan. 1 1010 $126           1,27,260 F...

Q: LIME Corporation developed standard costs for direct material and direct labor. In 2020, LIME estima...

A: Direct Labor Price Variance is Difference Between Standard cost of Actual Production and Actual Cost...

Q: I posted this a few days ago. In the attached image is the updated trial balance. All I need is help...

A:

Q: Which of the two methods of accounting for Uncollectible accounts provides for the recognition of th...

A: Direct write-off is one of a method used to determine the uncollectible accounts, under this method ...

Q: On July 1, 2019, Tim Stein established his own accounting practice. Selected transactions for the fi...

A: A journal is a book of original entry in which all the financial transactions of the business are re...

Q: 9.6 please

A: As per IAS 38 Intangible assets, a company should capitalize development costs if the company has ab...

Q: 5)An aging of a company's accounts receivable indicates that $11,400 are estimated to be uncollectib...

A:

Q: The following data pertain to Mori Company: Accounts Payable, $10,200; Accounts Receivable, $7,600; ...

A: A balance sheet is a financial statement that reports a company's assets, liabilities and shareholde...

Q: Refer the attached Case Study to solve, Enrico has planned to have $40,000 at the end of 10 years to...

A: Bank loan:Bank loan can be defined as the amount of money borrowed from the bank. Bank loan is repai...

Q: Bellingham Company produces a product that requires five standard pounds per unit. The standard pric...

A: Direct material variances:   The difference between the actual material cost per unit and the standa...

Q: Goldberg Company is a retail sporting goods store that uses an accrual accounting system. Facts rega...

A:

Q: Production Budget and Direct Materials Purchases Budgets Peanut Land Inc. produces all-natural organ...

A: 1.  Prepare a production budget for the first quarter of the year. Show the number of jars that shou...