Aaker Corporation, which has only one product, has provided the following data concerning its most recent month of operations:   Selling: $99   Units in beginning inventory- 0 Units produced- 6300 Units sold- 6000 Units in ending inventory- 300   Variable Costs per unit: Direct materials- $12 Direct labor- $42 Variable manufacturing overhead- $6 Variable selling and admin.- $6   Dixed Costs: Fixed manufacturing overhead- $170,100 Fixed selling and admin.- $24,000    What is the total period cost for the month under variable costing? Select one: a. $230,100 b. $194,100 c. $170,100 d. $60,000

Q: The following data are available pertaining to Household Appliance Company's retiree health care…

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

Q: A company sells 280,000 units annually , at a price of ( 65 S / unit ) . The company wanted to…

A: To know sales for a desirable profit the following formula will be used (Fixed cost + desired…

Q: pricing simultaneous transactions and to decompose a total CVA into its trade-level contributions…

A: Here discuss about the details of the uses of incremental CVA and marginal CVA for the trade and…

Q: 1000, Y*=1000 um level of production is:

A: Given as, Consumption function C=100+0.8(Y-T) Investment I=400 X=0.3Y* IM=0.3Y T=1000 and G=1000,…

Q: ch 1, Kimmel Company sold $ ndise costing $32,000 on JP Holdings. crec of 5 а prepappa 20 90

A: The Journal Entries for sale on credit and subsequent collection as,   As per guidelines, allowed to…

Q: On January 1, 2026, ABC purchased serial bonds with face amount of P5M and stated interest at 12%.…

A: As per PFRS 9, The investment at the amortized cost is initially recognized in the books at the…

Q: The direct method as used is one method that can be used to re-assign service department cost.…

A: Overhead refers to continuing business expenses that are not directly related to the production of a…

Q: depletion expense should be recognized for 2021? 550,000

A:

Q: 2. The income tax payable of Company E were $10,000 and $15,000 for the years ended 2020 and 2019,…

A: >Statement of Cash flows is one of the financial statements, and is prepared for a particular…

Q: On January 1, 2019, an entity purchased 25% of the outstanding ordinary shares of another entity for…

A:

Q: Problem 10-4 (AICPA Adapted) On December 31, 2020, Kale Company had the following balances in the…

A: The requirement is to compute the cash and cash equivalent on 31 December 2020. The negative balance…

Q: Q1: A company sells 280,000 units annually, at a price of (65 $/unit). The company wanted to explore…

A: Sales for desired profit ( in units)  (Fixed cost + desired profit) / contribution per unit

Q: Consider “segregation of duties.” Why it is important in an IT environment. What are some advantages…

A: segregation of duties means that no single person should be solely accountable for certain business…

Q: At December 31, 2017, Gregson Inc. has these data on its security investments: Security Cost Fair…

A: Trading securities are  the securities which are held for trading purpose and not for investment…

Q: A printing machine initially costs ₱141,000. It can be sold for ₱15,000 at the end of its 14-year…

A: Straight line depreciation rate = 1/14 x 100 = 7.14% double declining balance method rate 7.14% x 2…

Q: Use Declining Balance Method An asset for drilling was purchased and placed in service by a…

A: Depreciation refers to the allocation of cost over the expected life of the assets and in short, it…

Q: Assets are the O a. resources owned by the business. O b. personal property of the owners. O c. c.…

A: A business asset is an item or resources of a value owned by the company which can be tangible or…

Q: MD Corp. completed the following transactions relating to investment in AO Company ordinary sha…

A: When shares for investment are purchased, they are recorded at the cost. At the end of every…

Q: Q1: A company sells 280,000 units annually, at a price of (65 $/unit). The company wanted to explore…

A: The units are determined by the company and by selling those number of units in a year the company…

Q: The following information is available for a potential investment for Panda Company: Initial…

A: >Profitability Index (PI) is the measure of efficiency for accepting or rejecting a project.…

Q: The present value of an ordinary annuity of $350 each year for five years, assuming an interest rate…

A: The present value of a fixed amount that will be received or paid, over a specified time period, is…

Q: uestion: What is the 2019 net investment income?

A: Calculation of Fair Value of investment as on 31 Dec 2019     Particulars Amount Carrying…

Q: Write down the main ideas of Adam Smith, and identify the similarities and differences with…

A: Adam Smith is considered as a father of economics most of the theory that are given and relevant…

Q: . The SF Method  (Sinking Fund Method)

A: Given data is − Initial cost of Asset, X = $60,000 Scrap value of Asset, S = $12,000 Useful life of…

Q: e to reduce collection time to er year to operate.

A: Lock box is a system where that can be utilized to reduce the time between customer sending a check…

Q: The book value of SA Ornirat’s equity is 106,000 euros, with a ACB of 3. The company’s cash position…

A: Market value leverage ratio: - Market value leverage is the total debt divided by the total equity…

Q: 5. A minimum wage earner in Metro Manila is paid P537.00 for an 8-hour workday. If he works for 22…

A: Wages means the amount paid to worker for producing the goods. Take home wages means the amount…

Q: Matthew Company issues 4,000 ordinary shares to its external lawyers for services related to  the…

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

Q: Noora Company manufactures quality hair care product. The ingredients are combined in the mixing…

A: (a) The following is the physical flow schedule:- Physical flow schedule for the mixing…

Q: (b) A design company seeks a return on investment of 6. The wafer costs $2500 and holds 450 gross…

A: Cost is to be bifurcated to all units and the selling price per unit is to be calculated.  Then, the…

Q: llowing additional information is available. (1) Property, plant and equipment Accumulated Carrying…

A: Earning per share:  It is the most important ratio as it measures the profitability of a firm from…

Q: A company working at 90% capacity is producing 13,500 units per year. It follows flexible budget…

A: The differential cost can refer to the difference in cost when there are two alternatives, it…

Q: One of the essential characteristics of an intangible asset    a. has physical substance b. subject…

A: Intangible assets are those assets which brings economic benefits to it's owners and does not have…

Q: Imagine you are the financial accountant of Happiness Ltd. You have the following final balances for…

A:

Q: Which of the following is not a characteristics of an investment property?     a. land and/or…

A: Investment Property are accounted as per the guidance provided under IAS 40, Investment Property.

Q: Find the present value of the following stream of cash flows, assuming that the firm’s required…

A: >Present value is the value of future value that can be earned today. >This can get…

Q: Proton Company purchased a new equipment on a deferred payment basis. A down payment of P50,000 was…

A: Capitalization cost is the total amount spent on the asset to make the asset put to use. It includes…

Q: Hassel has estimated the first batch of product will take 80 hours to complete. A 90% learning curve…

A: Solution Concept Learning curve effect is the effect of learning upon the subsequent production It…

Q: In the month of October, a firm had total cash receipts of P50,000, total cash disbursements of…

A: To calculate the ending cash balance before acquiring financing, we need to add the cash receipts to…

Q: A company had net sales of $21,000 and accounts receivable of $2,520 for the current period. Its…

A: Solution: Net Sales = $21,000 Accounts receivables = $2,520 Day's sales uncollectible = Accounts…

Q: Explain how the operations department of Samsung would rely on purchasing and  supply management.

A: There are various departments in an organization.  The operation department is the main processing…

Q: Make a system for recording the cost of raw materials using the complete Perpetual method

A: Cost of raw materials is the cost of materials which are cost of the materials which the company…

Q: Diaz Company owns a machine that cost $125,100 and has accumulated depreciation of $90,600. Prepare…

A: Formulas: Gain (Loss) on the sale of the assets = Sale value of the assets - Net book value of the…

Q: Cookie Corporation reported the following amount in the shareholders’ equity section of its December…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: How much is the average daily disbursement float? How much is the average daily collection float?…

A: Float is the actual the time which are taken by the payment or the receipt of the money to be…

Q: Inputs to the entire order-to-cash process (revenue cycle) normally could include all of the…

A: Revenue cycle is the process by which the company records the selling of goods and service to the…

Q: amble Company is considering a capital investment of $203,500 in additional productive facilities.…

A: Cash payback period is the number of years within in which initial outflow of an investment is…

Q: Please provide with calculations, Thank you

A: A cash budget is an estimate of a corporation's cash flows for a given time span. A cash budget is…

Q: 2. A jacket which costs PhP1,350 is being sold at PhP2,025. What is the rate of mark-up based on…

A: >Markup is the amount of difference between Cost and the selling price of a product. >Cost is…

Q: what recent development in FP&A, if any, can significantly help companies deal with a black swan…

A: The answer for the theory question on the development in FP&A that helps companies in dealing…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.