Day 1: PRICE B $21 21 42 43 41 Company Day 1 Day 2 Day 3 Day 4 Day 5 A $14 11 15 15 12 aSplit at close of day 2. bSplit at close of day 3. Calculate a Dow Jones Industrial Average for days 1 through 5. Do not round intermediate calculations. Round your answers to three decimal places C $53 56 60 30 30 SHARES B A 500 500 500 500 500 350 350 175a 175 175 C 280 280 280 560b 560
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- EB9. 2.3 The cost data for BC Billing Solutions for the year 2020 is as follows: Month Invoices Processed Overtime Wages January 12000 $7,760 February 8000 $6,800 March 1000 $6,000 April 7000 $6,100 May 5000 $6,200 June 10000 $7,300 July 11000 $7,400 August 9000 $6,900 September 5000 $6,500 October 9000 $6,600 November 8000 $6,800 December 11000 $7,450 A. Using the high-low method, express the company’s overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. B. Predict the overtime wages if 9,000 invoices are processed. C. Predict the overtime wages if 6,500 invoices are processed. D. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and…CH11_HW_QA2_PIR Required 1: 1-a. Compute the throughput time for each month. 1-b. Compute the manufacturing cycle efficiency (MCE) for each month. 1-c. Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.) Throughput Time Manufacturing Cycle Efficiency (MCE) Delivery Cycle Time Month 1 days % days Month 2 days % days Month 3 days % days Month 4 days % days Required 3: 3-a. (Month 5) Refer to the inspection time, process time, and so forth, given for month 4. Assume that in month 5 the inspection time, process time, and so forth, are the same as for month 4, except that the company is able to completely eliminate the queue time during production using Lean Production. Compute the new throughput time and MCE. 3-b. (Month 6) Refer to the inspection time, process time, and so forth, given for month 4. Assume that in month 6 the inspection time, process time, and so…Q No.# 2 The following data were taken from the records of a company. Period 1 Period 2 Period 3 Production(units) 30,000 38000 27000 Sales 30,000 27000 38000 Opening stock 11,000 Closing stock ------ 11,000 ------- Per unit cost are as follows: Direct material $ 1.5 Direct labor 1.0 Production overhead 3.0 Selling price per unit $ 9…
- Question 3Study the scenario and complete the questions that follow:Nonna Greco LimitedNonna Greco Limited manufactures and sells Italian HIP sunglasses. The following information relatesto January 2020:Units manufactured and sold: 500Income statement:RSales 261 500Less: Manufacturing costs 223 000Material 75 000Labour 50 000Manufacturing overheads (@ R20 per machine hour) 98 00038 500Less: Selling and administrative expenses (60% fixed) 17 500Net profit 21 000The following changes will come into effect on 1 February 2020: A sales price increase of 10%, resulting in a 5% decrease in sales volume. Due to negotiations with the labour union, the labour rate per hour will increase by 6%. It is expected that material costs will increase by 10%.The variable budget for manufacturing overheads indicates a total cost ofR94 400 at a capacity utilisation of 4 600 hours.Source: Hunde, T. (2020)Required:3.1 Calculate the total marginal income and marginal income per unit for the year ended 1…Q3) A. The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods.EB10. 2.3 This cost data from Hickory Furniture is for the year 2017. Month Invoices Processed Overtime Wages January 12000 $7,760 February 8000 $6,800 March 1000 $6,000 April 7000 $6,100 May 5000 $6,200 June 10000 $7,300 July 11000 $7,400 August 9000 $6,900 September 5000 $6,500 October 9000 $6,600 November 8000 $6,800 December 11000 $7,450 A. Using the high-low method, express the factory utility expenses as an equation where x represents number of chairs produced. B. Predict the utility costs if 900 chairs are produced. C. Predict the utility costs if 750 chairs are produced. D. Using Excel, create a scatter graph of the cost data and explain the relationship between number of chairs processed and utility expenses.
- 47-Assume that you are working as an Accounting manager in Nizwa SAOG. One of your senior manager provided you the following data and asked you to find out the P/v ratio. Total production for the year 50000 units and closing stock at the end of the year 20,000 units . Fixed expenses OMR. 5000 and Break-even point OMR. 15,000 and selling price per unit OMR 1.500. O a. 2 O b. 0.77 O c. 0.16 O d. None of the given options1. 9.The following information appears on the stock card for material DEF for April, 20C: Beginning balance: 700 units @ P5; Purchases: April 10 - 2,500 units @ P6.00; April 18 - 2,000 units @ P5.50; April 27 - 3,000 units @ P5.80. Issuances: April 11 - 2,000 units for Job No. 76; April 15 - 700 units for Job No. 79; April 20 - 1,500 units for Job No. 75; April 25 - 600 units for Job No. 79; April 30 - 1,500 units for Job No. 76. On April 19, 200 units of the April 18 delivery were returned to the supplier for being defective. Accordingly, a credit memorandum was received from the latter. On April 29, 100 units were returned to the storeroom by the department that made the requisition on April 20. Using the FIFO costing method, how much materials cost must be charged to the jobs for April? Job 75 = P8,500; Job 76 = P19,910; Job 79 = P7,500 Job 75 = P9,000; Job 76 = P18,250; Job 79 = P7,500 Job 75 = P7,950; Job 76 = P19,910; Job 79 = P7,500 2.The inventory account of Vanda…14. Micky2, Inc. sells two products X and Y. Data concerning the company for July follow: Product X: sales - P200,000; variable expense - P50,000; and traceable fixed expenses - P80,000. For Product Y: sales - P300,000, variable expenses - P100,000 and traceable fixed expenses - P150,000. In addition there were common fixed expenses of P70,000 in July. What was the entire company's net income ? P50,000 P70,000 P150,000 P120,000
- Q3) A. The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000Question 4Syarikat Layang uses the LIFO (Last-in, First-out) costing method for its perpetualinventory system. It had inventory on 1 January 2021 consisting of 400 articles boughtat RM4 each. The purchases during the month of January consisted of 800 at RM4.20each purchased on 8 January, and 2,000 at RM3.80 each on 18 January. It sold 2,400at RM5.00 each on 28 January. 40 of those sold were returned in perfect condition on31 January. The returned goods were bought on 18 January.Required: a. i. Calculate, by means of an inventory account the number and cost of the articles held in inventory during January 2021. ii. The unit price and total cost of the inventory. b. Show the trading account for the month ended 31 January 2021.Inventory (01/10/18)Raw materials 28800Work in progress 37000Finished goods 33600Sales (114000 @c5) 57000Carriage on raw materials 1470General expenses 25200Selling expenses 51840Plant and machinery 250280Land 50000Bank overdraft 32120Retained earnings 816Ordinary share capital 2000008% preference share 22000Goodwill 40000Bad debts 830Trade receivables 36433Discount allowed 1440Sundry payable 56636Trade investment 8840Advertising 2250Return inwards 9000Discount received 1920Carriage outwards 2280Production wages 126000Office salaries 4860Purchases of raw materials 168000Noodles 15000Factory rent 13600Office insurance 40800Depreciation on plant and machinery 4920InventoryRaw materials 35400Work in progress 39120Loose tools 3000Additional informationDuring the year, 129000 pieces were completed. The closing inventory of finished goods is valued at the cost price per nose mask produced.Goods manufactured during the year are to be transferred to the trading account at GHc 390000.Provide…
