rice reduction? c) What is the forward buy quantity
Q: Use the following to answer questions 6 – 10 On August 1“, FLY Tech, an Airline maintenance company,…
A: Answer:
Q: Problem 11-3 Twin City Enterprises had the following information available for the payroll of May…
A: Payroll taxes: The tax obligations imposed on the payroll remuneration earned by an employee while…
Q: On January 1, 2022. Novak Company purchased the following two machines for use in its production…
A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…
Q: Find the denreciation amount in the second year using either 150% or 200%
A: Answer:
Q: income: (Loss ) At the division level before the ad ) At the investment level. ) At the division…
A: In this question, we have to compute ROI for each division by dividing operating income by operating…
Q: 15. Preliminary plans are under way for the construction of a new stadium for a major league…
A: Break even point means the situation where there is no profit no loss. It means that a point where…
Q: Fees paid by a client this month for services to be rendered next month will be recorded as income…
A: Accrual Basis of Accounting: When a corporation records revenue before getting paid for products or…
Q: Required information [The following information applies to the questions displayed below.] Trey has…
A: In this question, We will find out Amount of child Tax credit:
Q: Through the effects of financial leverage, when EBIT decreases, earnings per share will
A: EBIT(Earnings before interest and taxes) is a measurement of a company's profitability directly…
Q: January 3 Purchased equipment for $55000, paying $45000 in cash and signing a 10000, 4-month, 10%…
A: Journal entries are the basic method for recording financial transactions in the books of accounts.…
Q: Schonhardt Corporation's relevant range of activity is 4,800 units to 6,000 units. When it produces…
A: Fixed costs are those costs that do not change when the activity of production changes within the…
Q: Explain Nominal and real interest rates.
A: Inflation: Inflation is the speed of increase in costs throughout a given time span. Inflation is…
Q: Sales in Units 50,000 75,000 90,000 80,000 = of preparing a production budget for the: n that…
A: Production budget calculates the number of units to be produced in a period . It based on budgeted…
Q: Premium Company is a manufacturing firm that uses job-order costing. The company's inventory…
A: The question is related to Net Income Statement for the year. Before that we will calculate cost of…
Q: 19. $ How much are the current assets? 20. $ How much are the total assets? 21. $ How much are the…
A: Answer:
Q: A firm operated at 80% of capacity for the past year, during which fixed costs were $201,000,…
A: Marginal costing is the one widely used by the management to determine the impact of increase and…
Q: The assembly department has the following production and cost data for the current month. Beginning…
A: Solution Equivalent units represents how much work has been done on a certain numbet of physical…
Q: a. Unused office supplies at the end, P 320. b. One-year insurance was paid on April 1 of the…
A: Solution Concept Adjusting entry are the entry that are entered at the end of the period to adjust…
Q: Prepare a budget report based on flexible budget data to help Joe -хpenses.)
A: In this question, we have to calculate the budget report for the swift company clothing department.…
Q: nd equipment which has a fair market value of mer made an additional investment of P150,00 of the…
A: Owners capital is the owners personal assets invested by him in the business . It could be cash or…
Q: January 25 Received $1150 cash for laundry services provided in January 2022. JOUonal eny xy
A: Cash receipts of any kind are counted as accounting transactions. This is true whether a cash basis…
Q: For each of the following support departments, identify a cost driver that could be used for…
A: A cost driver seems to be the source of a cost that has an impact on the overall cost. For instance,…
Q: QUESTION 2 Sarah Lindsay, controller for Cold Cream Company, has been instructed to develop a…
A: Budgeted overhead means the expected amount of overhead to be incurred in future depending upon the…
Q: a menu item categorized as a plough horse should be retained on the menu but should be relocated,…
A: Business should include the items which is to be sold to the customers on its catalog which helps…
Q: Puget Sound Divers is a company that provides diving services such as underwater ship repairs to…
A: Solution... Flexible Budget for May
Q: An adjusting entry O involves parties external to the entity O is recorded anytime of the accounting…
A: Adjustment entry means the entry made at the end of specified period to adjust some balance . For…
Q: ABC Company started its business operations on November 2, 2021. The following were the transactions…
A: Owner capital balance means the amount that belong to the owner of the business. It increase with…
Q: Assume (1) estimated direct labor hours used to calculate the predetermined overhead rate = 19,950,…
A: Predetermined overhead rate = manufacturing overhead applied/direct labor hours actually worked
Q: Problem 6 Fruitcake Specialists sells 36,000 fruit cakes annually. Annual carying costs are P5 per…
A:
Q: The functional presentation of expenses in the income statement is usually shown by grouping into…
A: Under functional presentation, the expenses are categorized in the income statement on the basis of…
Q: rza Corporation has two production departments, Casting and Customizing. The company uses a…
A: The total cost of production of a good comprises the total fixed cost of production and the total…
Q: Inc. produces several models of clocks. An outside supplier has offered to produce the commercial…
A: Incremental analysis for make or buy decision represents that incremental cost that would have been…
Q: tiger Woods makes the following construction related expenditures: 450,000 on January 1 2021 300,000…
A:
Q: From the following data given by Ramen Co., prepare the Trading Statement (31st December 2030).…
A: A trading account is one of the financial statements which shows the result of buying and selling of…
Q: On January 01, 2020, Malachi and Haggai agreed to form a partnership. The following are their assets…
A:
Q: A. Calculate the differential Cost ol ACme? B. Should Almond Treats make or buy the almond cereal?
A: This whole question is based on the concept Relevant cost What is Relevant cost? In simple words,…
Q: haz Corporation has taxable income in 2021 of $312,000 for purposes of computing the §179 expense…
A: Capitalized Cost: A capitalized cost is a cost added to the expense premise of a proper resource on…
Q: Shown below are account balances found in the ledger of Emerald Green Corporation at the end of…
A: Par value of share: Par value of share is the price of shares which a company has issued to the…
Q: Viktor Hovland purchases land with natural gas reserves for $500,000. He expects to extract 2,000…
A:
Q: [The following information applies to the questions displayed below.] In 2021, Elaine paid $2,800 of…
A: American Opportunity Tax Credit: The American Opportunity Tax Credit (AOTC) is a tax credit that…
Q: Total Labor VarianceRefer to the information for Tico Inc. on the previous page.Required:Calculate…
A: Calculation of Total labor variance Total Labor Variance = Standard labor cost allowed to produce…
Q: Show Attempt History Current Attempt in Progress Byrd Co. uses the percentage-of-receivables basis…
A: Account Titles and Explanation Debit Credit Bad Debts Expense $ 5,200 Allowance…
Q: The accounting principle that considered the business to have a separate and distinct personality…
A: Accounting is a systematic process of identifying, measuring, recording, classifying, summarising,…
Q: Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate…
A: Job costing is a method of costing that determines the costs associated with each job or project.
Q: Donovan, the president of Solomon Enterprises, is considering two investment opportunities. Because…
A: ln the capital budgeting decisions which are comes on which long term decisions of form regarding…
Q: The following account balances were taken from the booRS month of March. Utilities Expense P 45,100…
A: The expenses are incurred by business to earn the revenue for the business. the net income is…
Q: The past year's income statement of a business showed a bottom line of P100,000 net profit. What…
A: Net profit = Revenue + other income- Expenses
Q: 1. Determine sales for August 20X1. 2. Determine salary expense for August 20X1. 3. Determine cost…
A: Accounts receivable a/c Particulars Debit Particulars Credit Beginning balance $128,000…
Q: Question 7: What is the highest number of withholding allowances an employee using the wage-bracket…
A: Withholding allowance is a type of exemption that allow the employee to save a certain amount of…
Q: Green Co. has three production departments Fern, Forest, and Moss and one service department Shade.…
A: Given: Planned overhead costs Overhead Amount Allocated Overheads 40,500 Supervision…
Sugary Spice sells glazed ever fresh donuts. Demand for donuts is 500 boxes per week. Sugary Spice has a holding cost of 30 percent and incurs a fixed cost of $100 for each replenishment order it places for donuts. Given that cost is $2 per box of Donuts:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- This year, Hassell Company will ship 4,000,000 pounds of chocolates to customers with total order-filling costs of 900,000. There are two types of customers: those who order 50,000 pound lots (small customers) and those who order 250,000 pound lots (large customers). Each customer category is responsible for buying 1,500,000 pounds. The selling price per pound is 2 per lb for the 50,000 pound lot and 3 per lb for the larger lots, due to differences in the type of chocolate. ABC would likely assign order-filling costs to the customer type as follows: a. 450,000, small; 450,000, large (using pounds as the driver) b. 360,000, small; 540,000, large (using revenue as the driver) c. 750,000, small; 150,000, large (using number of orders as the driver) d. 450,000, small; 450,000, large (using customer type as the driver)Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.Kaune Food Products Company manufactures canned mixed nuts with an average manufacturing cost of 52 per case (a case contains 24 cans of nuts). Kaune sold 150,000 cases last year to the following three classes of customer: The supermarkets require special labeling on each can costing 0.04 per can. They order through electronic data interchange (EDI), which costs Kaune about 61,000 annually in operating expenses and depreciation. Kaune delivers the nuts to the stores and stocks them on the shelves. This distribution costs 45,000 per year. The small grocers order in smaller lots that require special picking and packing in the factory; the special handling adds 25 to the cost of each case sold. Sales commissions to the independent jobbers who sell Kaune products to the grocers average 8 percent of sales. Bad debts expense amounts to 9 percent of sales. Convenience stores also require special handling that costs 30 per case. In addition, Kaune is required to co-pay advertising costs with the convenience stores at a cost of 15,000 per year. Frequent stops are made to each convenience store by Kaune delivery trucks at a cost of 30,000 per year. Required: 1. Calculate the total cost per case for each of the three customer classes. (Round unit costs to four significant digits.) 2. Using the costs from Requirement 1, calculate the profit per case per customer class. Does the cost analysis support the charging of different prices? Why or why not? 3. What if Kaune charged the average price per case to all customer classes? How would that affect the profit percentages?
- Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the economic order quantity. 2. Compute the ordering, carrying, and total costs for the EOQ. 3. How much money does using the EOQ policy save the company over the policy of purchasing 4,000 plastic housing units per order?Reubens Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided, If Reuben accepts the offer, what will the effect on profit be?Country Diner currently makes cookies for its boxed lunches. It uses 40,000 cookies annually in the production of the boxed lunches. The costs to make the cookies are: A potential supplier has offered to sell Country Diner the cookies for $0.85 each. If the cookies are purchased, 10% of the fixed overhead could be avoided. If Jason accepts the offer, what will the effect on profit be?
- Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. What is the variable cost per copy if Markson uses the high-low method to analyze costs?Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the annual ordering cost. 2. Compute the annual carrying cost. 3. Compute the cost of Ottiss current inventory policy. Is this the minimum cost? Why or why not?
- Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.Cinnamon Depot bakes and sells cinnamon rolls for $1.75 each. The cost of producing 500,000 rolls in the prior year was: At the start of the current year, Cinnamon Depot received a special order for 18,000 rolls to be sold for $1.50 per roll. The company estimates it will incur an additional $1,000 in total fixed costs in order to lease a special machine that forms the rolls in the shape of a heart per the customers request. This order will not affect any of its other operations. Should the company accept the special order? (Show your work.)
