Define Stockout costs.

Q: O and P75,600, respectively O and P204,000, respectively O and P120,400, respectively unt should the…

A: Sale Value of musical instrument         54,00,000  Estimated warranty cost %  2%  Warranty…

Q: The draft accounts of Collister Co. for the year ended 31st Dec 2020 include  the following: Revenue…

A: Formula for calculation of gross profit percentage margin = Gross profit/Revenue Given data: Revenue…

Q: Price paid cash , Number of shares, Market Price per share be?  Would it be? Cash: $480,000 Number…

A: A business combination is a transaction in which the acquirer obtains control of another business…

Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…

A: Formula used : Number of Excess hours worked = Total hours worked - Weekly working hours

Q: Month Units produced Total Cost Jan 600.00 16,000.00 Feb 800.00 18,000.00 March 1,100.00 20,000.00…

A: A method for separating fixed and variable cost elements from a mixed cost amount is the least…

Q: 6. How much is the total amount of cash paid to retire the bonds on September 30 7. How much is the…

A:

Q: Question 2 (1

A: Assets are resources that are controlled which results from prior transactions that are expected to…

Q: SafeNow sells its main product, ergonomic mouse pads, for $11 each. Its variable cost is $5.20 per…

A: Contribution margin per unit = selling price per unit - Variable cost per unit

Q: enback Company sells both designer and moderately priced fashion accessories. Top management is…

A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…

Q: 9 Analyze the following for Grand Finale Fireworks: Calculate the return on equity for the month of…

A: Since you have posted a multi-part question and asked for only part 9 to be solved, the solution of…

Q: During 2021, Angela Inc. was sued by a competitor for P5,000,000 for infringement of a patent. Based…

A: As per IAS 10, Events after the reporting period, The period between the reporting date and the date…

Q: The following data pertains to Lam Company's manufacturing operations:   Inventories 4/1 4/30…

A: Conversion costs includes: Direct labor Overhead expenses

Q: ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC…

A: Work in process inventory: This implies to the partially finished goods that are not completely…

Q: Batman Company provides the following data for the year 2020: Cash sales - 500,000; Collection from…

A:

Q: Calculate the weighted average number of shares which will be used in the calculation of earnings…

A: Weighted average number of shares is the average of the shares which were outstanding during the…

Q: ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC…

A: Given, Beginning inventory = $50,000 Total material {Direct + Indirect} purchased = $90,000 Total…

Q: ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC…

A: The material account is credited by the total material issued and total material issued includes…

Q: The unearned subscriptions account reflected a balance of $32,500 prior to any adjustments. It is…

A: Unearned revenue at the starting journal entry: Cash a/c dr     $32500   To unearned subscription…

Q: ariable cost is P 15 per unit; standard fixed overhead cost is P 25 per unit. The selling and…

A: A method of attributing only variable costs to inventories is referred to as "variable costing."This…

Q: How should we record the journal entry that was on question 4? We are somewhat confused regarding…

A: W.N.1 Calculation of Depreciation Expense based on Input             Year Depreciable Amount…

Q: ew Policies how Attempt History urrent Attempt in Progress Axteks Corporation has the following cost…

A: The cost of goods manufactured includes the total costs incurred to get the finished goods during…

Q: Why is the net income .90

A: Lets understand the basics. Cashflow statement are divided into three type of activities which are,…

Q: culate sales

A: Current month Ending Inventory Will be the next month beginning inventory.

Q: Tarmac Co made sales of $1,930,200 during the year ended 31st March X3.  Inventory decreased by…

A: The cost of purchases indicates the total cost incurred like the cost of the item, transportation…

Q: Loak Corporation provides the following data for the year 2020: Cash sales 500,000; Collection from…

A: Gross sales are the revenues received by the company entity from the sale of its principal product…

Q: The Abel Company provided the following information from its financial records:   Net income…

A: The earnings per share is calculated as net income available to common shareholders divided by…

Q: The adjusting entry to record depreciation includes O a. a debit to an expense account. b. a debit…

A: Depreciation Expenses refers to gradually decrease in the value of assets over the year due to its…

Q: Kamryn Brown is single and earns $65,000 in taxable income and will use the following tax rate…

A: Income tax is charged by the government on the income of their citizen. It is calculated on the…

Q: Requirement 2. Calculate the direct materials cost variance and the direct materials efficiency…

A: The variance is the difference between the standard data and actual production data for the period.

Q: Boxer Company purchased store equipment for $12,000 on December 3. The store equipment depreciated…

A: Book value is also known as carrying value and it can be calculated by deducting accumulated…

Q: Determine which of the following three alternatives is most efficient and which one is more…

A: The evaluation of investment alternatives is a part of the management’s responsibility. When a…

Q: What amount should be reported as net income for the quarter ended September 30, 2021?

A: Net income for a period or quarter is the net income when all the expenses of the period or quarter…

Q: Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own…

A: As per goodwill method, the amount of goodwill is calculated by the fair market value of all the…

Q: 1. Show how the following items will appear in the capital accounts of the partners Ali and Ahmed…

A: Capital Account: - Capital Account records all capital transactions which cause the change in the…

Q: If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest…

A: Interest receivable is the amount which is yet to be received from the amount invested for example…

Q: Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of…

A: Contribution= sales less variable cost

Q: One subunit of Harris Sports Company had the following financial results last month: (Click the icon…

A: whenever there is expenses that has to be incord standard are set for such expenses. when the actual…

Q: John Corporation manufactures laser printers. John currently manufactures the 32,000 imaging drums…

A: There is a mistake in above question manufacturing cost per unit is P 88( 23+65). P 88*32000= P…

Q: Determine his income tax due at the end of the year and his income tax payable

A: Income tax payable is the tax amount payable by the individual which is equal to the amount which is…

Q: On January 1, 2021, Orange Inc. reported the following shareholders' equity:   Preference share…

A: Following journal entry is required to be passed for depreciation expense: Date…

Q: Unearned revenues O a. are recorded as assets when cash is received. O b. are referred to as future…

A: Introduction: Unearned revenue: Revenue earned in advance called as Unearned revenue.

Q: A reconciliation between physical count and the balance of the company’s share card which ties up…

A: Adjustment Entry The purpose of providing the adjustment entries which gives more clarity in the…

Q: A new accountant at Coronado Inc. is trying to identify which of the amounts shown below should be…

A: Answer -    Working Note -  1. petty fund: It shall be taken as is cash. 2. The TB is due within 90…

Q: Cash purchases of Manila Company for 2020 were 900,000. During the year purchase returns of 150,000…

A: The term payable includes both the trade creditors and Bills payable. the bill of exchange is known…

Q: On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Given for one of the products of Juarez Co. Sales price per product unit Variable expenses per…

A: Contribution margin = Selling price - Variable cost per unit Break-even sales = Fixed cost /…

Q: Doorstop Manufacturing uses flexible budgets to manage its operations. Budgeted manufacturing…

A: All production expenditures other than direct materials are included in the factory overhead budget.…

Q: On January 1, 2019, Tulip signed an agreement to operate as a franchise of Flower Service Inc. for…

A: In the context of the given question, we are required to compute the carrying amount of intangible…

Q: View Policies Show Attempt History Current Attempt in Progress Axteks Corporation has the following…

A: Introduction: This is the overall cost of converting task inventory to finished items. The cost of…

Q: Use the following information for #s 10-12. An entity is a manufacturer of machinery. It uses lease…

A: Lease : It is an agreement between two party for conceding an option to use  assets  as a trade-off…