a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units 32,700 V units Equivalent units of production 31,410 X units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units 32,200 X units Equivalent units of production units Feedback
Q: You borrow money on a self liquidating installment loan (equal payments at the end of each year,…
A: Instalment Loan: An instalment loan provides a borrower with a specific sum of money that must be…
Q: Fifteen $5,000 bonds redeemable at par bearing 8% coupons payable quarterly are sold nine years…
A: Lets understand the basics. When coupon interest rate is more than market interest rate then bond is…
Q: On January 1, 2017, Kevin Garnett and Steve Nash have capital balances of P 174,600 and P 110,400,…
A: Calculation of Decrease in Steve's Capital The Bonus (i.e., - P 42,000) on admission of Karl will be…
Q: Armstrong Company acquired Hall Corporation in 2015 and recognized the goodwill of $700,000. Before…
A:
Q: The capital accounts and the profit sharing ratio of Pancho and Villa are shown below: Capital…
A: Partnership refers to a business agreement whereby multiple persons share the risks and rewards for…
Q: Define "BOOKKEEPING". what are your initial ideas or thoughts when you hear the word bookkeeping?
A: Book keeping is a part of accounting process. The accounting procedure begins with book keeping and…
Q: s of $500, and business meals
A: Given : Net income= $14,000, Tax expense= $3,200.
Q: Super-Tees Company plans to sell 12,000 T-shirts at $16 each in the coming year. Product…
A: Answer 1 a) Calculation of variable product cost per unit Variable product cost per unit = Direct…
Q: uestion 5: A married individual who is naid on a monthly basis claims 3 federal withbolding allows…
A: IRS has provided wage bracket withholding tables that are used by employers to…
Q: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the…
A: Here in the given question the budget has been prepared related to the cells and data related to the…
Q: A company is considering a special order for 1,000 units to be priced at $8.90 (the normal…
A: Relevant costs and Relevant revenues of the special order are the costs that are to be incurred for…
Q: Javier and Anita Sanchez purchased a home on January 1, 2021, for $600,000 by paying $200,000 down…
A: The standard amount of deduction for interest expense for the year 2021 is determined to be $12,550…
Q: Philip and Morris are partners with capital 16,000 and P 8,000, respectively. They share profits in…
A: In the context of the given question, we need to compute the new profit sharing ratio after the…
Q: On July 1, 2021, Rehearse Company issued $34,000,000 of 20-year, 12% bonds to finance its…
A:
Q: Ambassador Suites Inc. operates a downtown hotel property that has 300 rooms. On average, 80% of…
A: To determine how much labor cost are incurred in order to produce the items stated in the production…
Q: For the year ending December 31. 2022, Sheridan inc reports net income Ss147,000 and cash dividends…
A: Formula: Ending retained earnings = Beginning retained earnings + Net income - Dividends
Q: On January 23, 2019, Zenox Company sold $105,000 of furniture on account that had a cost of $82,000.…
A: Account Titles and Explanation Debit Credit Warranty Expense ($ 82,000 X 2%) $ 16,400…
Q: A corporation declared dividends on December 1 payable on January 15 to shareholders of record of…
A: When dividend is declared, it is recorded as liability in the books. When dividend is declared,…
Q: You are the audit manager of Matfine & Co and are reviewing the key issues identified in the files…
A: "Since you have asked multiple questions, we will solve the first question for you. In order to get…
Q: QUESTION 1 Uber lec purchased a car for $43100. The car has a salvage value of $2000 and is…
A: Formula: Depreciation per mile =( Asset cost - Salvage value ) / Estimated miles
Q: Exercise 11-6 (Algo) Managing a Constrained Resource [LO11-6] Portsmouth Company makes upholstered…
A: Contribution Margin- Contribution margin, or dollar contribution per unit, is the selling cost per…
Q: Alicia has been working for JMM Corporated for 32 years. Alicia participates in JMM’s defined…
A: Average salary of her three highest consecutive calendar years of compensation is:…
Q: MC19 The Diane Company has a single investment property acquired on July 1, 2019 for P11,400,000.…
A:
Q: Could you please explain how you get the 76,250 in the cash dividend formula? I was thinking it…
A: What is meant by Dividend? It is the distribution of net income done by the company to its…
Q: Oriole Corporation has 74,000 shares of common stock outstanding It declares a $2 per share cash…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: b. Excess Payments to Employees Increasing the rate above that approved or paying employees for more…
A: Labor Productivity is important for the success of a business, it is calculated or measured as the…
Q: Miles Corporation completed the following selected transactions during the current year. A (Click…
A: The relationship between three elements is explained by preparing the accounting equations. These…
Q: Glen Pool Club, Inc., has an installment loan outstanding with a current balance of $141,000. The…
A: Loan Outstanding =$ 141,000 Interest rate = 6% p.a 6% interest p.a. is given so one month's…
Q: remainder the following month. The January cash collections from sales are a. $644,760 Ob.…
A: Introduction:- The following basic information as follows under:- Account Receivables on January 1 =…
Q: everal metrics from the Global Reporting Initiatives' (GRI) sustainability reporting standards and…
A: Balanced Scorecard- A balanced scorecard is a statistic for measuring managerial performance. It is…
Q: Government have been mandating deductions from both employers and employees to fund various social…
A: To pay for various social programs, governments have mandated deductions from both employers and…
Q: At December 31, 2022. the following information (in thousands) was available for Swifty Inc: ending…
A: Formula: Inventory turnover = Cost of goods sold / Average inventory
Q: Using the cost model, what is the amount reported in the 2022 profit or loss? P135,000 P270,000…
A: Under cost model method, the investment is valued as per the cost of the asset means there will be a…
Q: Imperial Jewelers manufactures and sells a gold bracelet for $405.00. The company’s accounting…
A: Answer 1) Statement of Cost benefit of Special order Amount (In $) Sales (14…
Q: Jay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 16,000units at a…
A: Answer 1) Calculation of Sales Commission per unit sold Sales Commission per unit sold = Selling…
Q: Compute the missing amount in each category of the accounting equation. Assets Liabilities…
A: As requested to answer only C so we are answering only C Part.
Q: Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost…
A: The overhead variance is the difference between the actual data and standard output of the…
Q: Learning Task 3.(Performance Task) Independent Activity Directions: Determine what ACCOUNT TITLE and…
A: ACCOUNT records is important for recording the financial information and transactions by the…
Q: 1. What is the annual payment (round to the nearest $)? 2. What are the total interest payments…
A: Details Available Loan Amount $ 3,19,000 Interest Rate 16.10% Life 54 years Date…
Q: Dividends representing a return of invested capital is known as a. stock dividend b. scrip dividend…
A: Dividends are paid to the investors by the company out of profit of the company. They are paid to…
Q: Learning Task 4: Collaboration and Communications (Written Task) Direction: If this is a company…
A: The question is related to account type and its position in Financial Statement or Statement of…
Q: Requirements 1. Compute the overhead variances for the year: variable overhead cost variance,…
A: Solution:- Given, Quality Fender uses a standard cost system No. of fenders produced = 20,000…
Q: Bramble Department Store converted from the conventional retail method to the LIFO retail method on…
A: Cost of goods sold budget- The operating budget includes the cost of goods sold (COGS) budget. The…
Q: Do normal valuation metrics work like P/E, P/B etc. tech startups companies like…
A: Startup companies are new age companies that have flourished in the 21st century. These are often…
Q: e. What will be the value of this new balancing item?
A: Note: This whole question is just done by me so on that basis i will answer the part e. In part D…
Q: Product Quantity Cost Net Realizable Value Revolvers 17 124 159 Spurs 28 25 20 Hats 11 54 44 $3,152.…
A: Formula: Inventory value to be reported = Quantity x Lower of cost Or NRV
Q: Multiple-Step and Single-Step Income Statements The following items were derived from Gold Company’s…
A: Under single step income statement, net income is calculated as the excess of revenue and gains over…
Q: A corporation has experienced losses greater than profits in the past three years since…
A: The shareholders' equity is calculated as sum of capital, investment, retained earnings and further…
Q: Under the incremental method the proceeds from the sale of debt with detachable stock warrants…
A: when the detachable stock warrant are attached to the debt the proceed from sales should be…
Q: Solve using amortization table with steps
A: Loan amortization is the loan schedule table in which all the payments, interest charges and what…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10000. All amounts are in OMR. Total Costs Variable Cost Fixed Cost Direct material cost 500000 ? ? Total labor cost ? 400000 100000 Manufacturing Overhead 90000 30000 ? Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y = f + vX. D. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the month Question 6: Find the missing information for different companies Output (units) Fixed Costs Variable Costs Total Costs Cost per unit Company A 4000 70000 50000 ? ? Company B 5000 80000 ? 140000 ? Company C 8000 30000 130000 ? ? Company D ? ? 80000 100000 20Don't use chatgpt, I will 5 upvotes Sheridan Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,600 units.1) Eberling, Incorporated, manufactures and sells two products: Product Q9 and Product Z8. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product Q9 900 8.0 7,200 Product Z8 1,000 7.0 7,000 Total direct labor-hours 14,200 The direct labor rate is $27.70 per DLH. The direct materials cost per unit is $122.40 for Product Q9 and $103.20 for Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product Q9 Product Z8 Total Labor-related DLHs $ 531,080 7,200 7,000 14,200 Production orders Orders 74,880 600 700 1,300 Order size MHs 541,944 3,800 4,000 7,800 $ 1,147,904 Required: Determine the unit product cost of each product under the activity-based…
- Subject: Cost management & accounting MCQs: 1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430 2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…B. Find the cost of a product Different costs are presented below Direct materials $ 5.00 per unit Indirect materials $ 2.00 per unit Direct labor $ 10.00 per hour Indirect labor $ 3.00 per hour Other variable indirect costs $ 6.00 per hour Other fixed indirect costs $ 10.00 per unit Commissions to sellers $ 4.00 per unit Variable administrative costs $ 6.00 per unit Fixed Administrative Costs $ 10.00 per unit 2. Determine the Sales Price if the company expects to earn 140% on cost (Markup of 140 on cost). .ParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing method
- Hi , I need answers for questions E-H. Thank you so much for your time. EB5. 2.2 Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Using the costs data from Rose Company, answer the following questions: Average Cost per Unit DM 10 DL 9 Indirect Materials 3 Fixed MOH 6 Variable MOH 2 Fixed S&A Expense 8 Variable Sales Commission 14 A. If 15,000 units are produced, what is the variable cost per unit? 38 B. If 28,000 units are produced, what is the variable cost per unit? 38 C. If 21,000 units are produced, what are the total variable costs? $798,000 D. If 29,000 units are produced, what are the total variable costs? $1,102,000 E. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? F. If 23,000 units are produced, what are the…(e) Product Blue Product Red £ £Selling £12.00 £24.00Variable cost £ 4.00 £ 8.00Contribution margin £ 8.00 £16.00Fixed costs apportioned £200,000 £400,000Budgeted Sales Units 140,000 60,000Required:Calculate the breakeven points, for each product and the company as a wholeand comment on your findingsQuestion Q1Moona Inc. produces Mobile phones. Information of the company's operations last year appear below: Fixed cost:Fixed Manufacturing overhead Rs 40,000Fixed Selling & Administrative Rs 60,000Selling Price per unit Rs 100Variable cost per unit:Direct Materials Rs 30Direct labor Rs 10Variable Manufacturing overhead Rs 5Variable Selling & Administrative Rs 2Units In beginning Inventory 0Units Produced 2000Units Sold 1900 Required: a. Compute the unit product cost under both absorption and variable costing.b. Prepare an income statement for the year using absorption costing.c. Prepare a contribution format income statement for the year using variable costing. d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.
- Use the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000 Production 2 (P2) 276,000 Total $ 849,000 a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) Question 2. The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700 $ 350,000 3,400 a. What percentage of joint cost is allocated to each of the three products using the…Given the cost formula Y $17,500+ $4x, at what level of activity will total cost be $42,500? Multiple Choice 10,625 units 4,375 units 5,250 units. Search < Prev 22 of 25 ‒‒‒ +++ ‒‒‒ Next JProblem 4Sales Price Php 300 per unitFixed Cost:Marketing and administrative Php 24,000.00 per periodManufacturing overhead Php 30,000.00 per periodVariable Cost:Marketing and administrative Php 6 per unitManufacturing overhead Php 9 per unitDirect Labor Php 30 per unitDirect Materials Php 60 per unitUnit Produced and sold Php 1,200 per periodRequired: 1. Variable manufacturing cost per unit2. Variable cost per unit3. Full manufacturing cost per unit4. Full cost to make and sell per unit5. Compute Net income