Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $17. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $34. If it is assumed that Rough Stuff has 4,860 hours available on the cutting machine to service a minimum demand for each product of 2,600 units, how many of each product should be made? Khaki shorts pairs Khaki pants pairs

Q: 21. A promissory note which is dated January 1, 20A was received from a client for service rendered…

A: Promissory Note- It's a document that spells out the terms of the loan and indicates when it's due…

Q: We have seen that over long periods, stock investments have tended to substantially outperform bond…

A: An investor's investment horizon seems to be the period of time he or she is ready to keep a…

Q: hich of the following is not one of the components of other comprehensive income?   a. changes in…

A: Which of the following is not one of the components of other comprehensive income?   a. changes…

Q: Cash and cash equivalents, Decenber 31 prior year-end Cash and cash equivalents, December 31 current…

A: Cash flow statement is a statement which records inflow & outflow of cash from the three main…

Q: Tax as a source is classified as?

A: Solution Concept Tax is the major source of revenue oto the government of any nation There can…

Q: Entity B’s accounts payable on December 31, 20x1 had a balance of P2,300,000 before any possible…

A: Accounts Payable: Accounts payable is the amount recorded by a company in the books of accounts when…

Q: On a recent trip to Hongkong, Brian Santos, sales manager of Micro- electronic Devices, took his…

A: Income Statement- The income, expenses, and profits of a corporation are shown in income statements…

Q: Aprir May T0,000 40,000 24,000 464,000 June 22,000 420,000 Based on the above, in applying the…

A: The question is related to high low method The to segregate Semi Variable Cost into Variable Cost…

Q: On October 01, 2019, Benny and Joey pooled their resources in a partnership with the firm taking…

A: Assets = Liabilities + Capital Adjustments made in Joey's assets: Balance - inventory - Allowance…

Q: 200,000 300,000 250,000 75,000 105,000

A: Given as, Full goodwill:- It includes both parent and subsidiary goodwill. Full goodwill=  2,00,000…

Q: For each transaction, indicate how the item would appear on the cash flow 2. Indicate whether the…

A: Solution Cash flow statement is the statement in which company's all cash inflow and all cash…

Q: December 31, totals P14,760. b. The rent expense account has a debit balance of P74,400 composed of…

A: The entries have been prepared below.

Q: AA, BB and Cc are partners with average capital balances during 2021 of 360,000, 180,000 and 120,000…

A: Partnership means where the two or more partners agree to do the business together and share the…

Q: A nonresidential building was put into service for $200,000 in late February. The building was sold…

A: Depreciation It is important to find out the depreciation cost which are incurred to the assets of…

Q: Use the following to answer questions 34 – 39 - ST reports the following income statement results:…

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

Q: Robinson's, an electrical supply company, sold $6,800 of equipment to Jim Coates Wiring, Inc. Coates…

A: Promissory note means the note written where the promise is made to pay certain sum of money to…

Q: M3

A: we have to calculate base price for bidding   Assumptions  Equipment have three years life Straight…

Q: The Jordah Moris Company issues 8%, 3-year bonds with a par value of $440,000 and semiannual…

A:

Q: Bree and Kyle are not related. During 2020, Bree loans Kyle $15,000, which he intends to use to…

A: Loan receivables from Kyle = $15,000 For the year 2021: It is estimated that the creditors will…

Q: Delta Corporation owns 70 percent of Sigma Company, and Sigma owns 60 percent of Pi, Inc., all of…

A: In the context of the given question, The chain holding concept was adopted by the three companies.…

Q: Scenario: The 2021 comparative balance sheet and income statement of Auga Company Ltd, have just…

A: Cash Flow Statement The purpose of preparing the cash flow statement is to know the movement of cash…

Q: A Laser cutting machine is costed on a machine hour rate basis. On the basis of the given…

A: Please see Step 2 for required information.

Q: Theory provides that without taxes, a government would be paralyzed for lack of power to activate…

A: Tax is the amount through which government gets its funds by way of the collecting tax amount from…

Q: 17-18. The balance sheet of partners DES, PA and SITO as of December 31, 2020 are shown below: Cash…

A: Liquidation of partnership means where the assets of the partners are sold out and payment are made…

Q: The cost data for Evencoat Paint for the year 2019 is as follows: Month Gallons of Paint Produced…

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

Q: The FF and II partnership agreement provides for FF to receive a 20% bonus on profits before the…

A: Partnership deed is a legal document signed  between 2 or more partners which plays a key role in…

Q: On January 15, Ross Furniture, Inc., accepts a $5,000, 180-day, 10 percent note from a customer at…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Viktor Hovland purchases land with natural gas reserves for $500,000. He expects to extract 2,000…

A:

Q: he partnership agreement of Zuniga, Armenta & Galang provided for the year end allocation of profit…

A: Solution Working note for allocation of profit to 3 partners Total profit         = 500000 First To…

Q: On September 2, 2020, Nino, Olan, and Pete formed a partnership investing cash of P945,000,…

A: Solution Liquidation of partnership  means to end of the partnership and firm's assets are sold and…

Q: Carol Morgan manages the production division of Fanning Corporation. Ms. Morgan's responsibility…

A: Standards are set in advance, from the standard set the actual performance are required to be…

Q: On January 02, 2019, the business assets and liabilities of Gail Anne & Precious were as…

A: Capital = Assets-Liabilities

Q: The 2021 comparative balance sheet and income statement of Auga Company Ltd, have just been…

A: Balance Sheet includes: Assets accounts Liabilities accounts Equity accounts As per accounting…

Q: 1. The sales department has pitched the idea to the owner that increasing the annual sponsorship to…

A: This question is based on the calculations and we will calculate : (1) What is total difference…

Q: On February 3, the billing date, Carol Ann Bluesky had a balance due of $128.66 on her credit card.…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: business has selling price of P 129.50 with an average variable cost of P 54.40. Fixed costs are P…

A: Solution: Contribution margin is the margin of profits which is the excess part of sale price over…

Q: Kay Leni Tayo issue 50,000 of its P5 par value common stock for the net assets of AngatBuhay.…

A: Calculation of Fair Value of Identified Net Assets: Current Assets…

Q: Using the equity method for reporting strategic investments, how does investment revenue and…

A: Equity method is an accounting method to compute the investment value in ventures. Under this…

Q: Engr. De Leon bought a gantry crane for erecting tall buildings. It was invoiced from Japan CIF…

A: When an entity purchases fixed assets for the purpose of carrying out their long term activities,…

Q: (P/A, 5%,7) has a value equals to a. 5.7864      b.  0.070 c. 8.142        d. 0.8142

A: (P/A, 5%,7) means Present Value Annuity Factor @ 5% for 7 Periods.

Q: Presented below is information for Sarasota Company. 1. Beginning-of-the-year Accounts Receivable…

A: Loss on factor = Finance charge + resource liability Where,  Finance charge = accounts receivable…

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: to reflect the fact that DD could no longer devote any time to the store’s operations. The new…

A: partnership is considered we one of the most easiest way of doing business which involved agreement…

Q: What is the cost of perpetual operation

A:

Q: Content Connections Example 3: Two buddies, Gurveer and Gurleen, finished their school and training…

A: Compounding refers to the process of calculating interest over the amount of principal and the…

Q: Correction of Errors Grace’s trial balance did not balance, the debits exceeded the credits by $1…

A: A cheque of $1 900 from A. Brent was accidentally credited to A. Brian’s account: No effect on the…

Q: A contract has been signed to lease a building at P30, 000 per year with an annual increase of P1,…

A: Lump Sum today Equivalent = Present Value of Future Cash Flows

Q: Use the following to answer questions 6 – 10 On August 1“, FLY Tech, an Airline maintenance company,…

A: Answer:

Q: January 25 Received $1150 cash for laundry services provided in January 2022. JOUonal eny xy

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: 1a. An asset is purchased for $90,000. It is expected to have a useful life of six years and a…

A: Formula to find out straight line depreciation (SL depreciation is (Cost - Salvage value)/Useful…