Sunland Inc. manufactures two products, sweaters and jackets. The company has department to be $177000. The company produces 53000 sweaters and 78000 jackets each year. Sweater production requires 230 machine hours, jacket production requires 49000 machine hours. The company places raw materials orders 12 times per month, 4 times for raw materials for sweaters and the remainder for raw materials for jackets. How much of the order-processing overhead should be allocated to jackets? O $44250 O $69250 O $135000 O $118000
Q: Sales Mix and Break-Even Sales Home Run Sports Inc. manufactures and sells two products, baseball…
A: Answer:- Break-Even Point:- It is the sales point at which a business is nether profitable nor…
Q: (a) Compute the company's net income and earnings per share under both structures. (Ignore income…
A: Earning per share:The earning per share is popularly known in short as the EPS which means the…
Q: Required: a. Compute the operating profit for Northwestern Bank. b. Compute the profit from Emily…
A: Under activity-based costing method, the cost is allocated to each activity based on its…
Q: Cupola Fan Corporation issued 14%, $490,000, 10-year bonds for $466,000 on June 30, 2024. . Debt…
A: Bonds payable is a type of instrument where by an amount is borrowed for a fixed period with fixed…
Q: AirQual Test Corporation provides on-site air quality testing se results for the month of February:
A: A flexible budget is a budgeting tool that adjusts to changes in activity levels or other variables…
Q: Required: Use the reciprocal method to allocate the service department costs to the production…
A: Cost allocation is the process of assigning or distributing the costs to different business units,…
Q: Journalize the entries to record the following selected held-to-maturity investment transactions for…
A: Bonds are instrument issued by company acknowledging the debt raised by company . It is a liability…
Q: Alternative Inventory Methods Garrett Company has the following transactions during the months of…
A: Inventory includes all the items, merchandise, and raw materials that are used by the business…
Q: During the year, Wright Company sells 550 remote-control airplanes for $100 each. The company has…
A: Inventory valuation is based on the method of flow used by the organization. It can be the first in…
Q: i need the answer quickly
A: Current assets are the assets that are expected to be converted into cash within one year or are due…
Q: Grace Baer, physiotherapist, opened a practice. The business completed the following transactions:…
A: Business is defined as any activity that assists in earning an income to the owner or the person who…
Q: Single plantwide factory overhead rate Platzer Instruments Inc. makes three musical instruments:…
A: The financial position of the company can be arrived from the income statement prepared by the…
Q: Fecta, a partnership, had revenues of $378,000 in its first year of operations. The partnership has…
A: Cash account is an asset account that shows change in cash balance of company during the period.…
Q: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below.…
A: An income statement is prepared to present the profitability of the company which is the difference…
Q: The Pearl Company issued $210,000 of 9% bonds on January 1, 2025. The bonds are due January 1, 2030,…
A: The bonds are issued to raise the money from the market or investors. Bonds are issued at a premium…
Q: Excel Online Structured Activity: Bond valuation An investor has two bonds in her portfolio, Bond C…
A: Bonds are debt instruments that are issued by entities to raise funds and meet their capital…
Q: ! Required information [The following information applies to the questions displayed below.] Stark…
A: Trial balance :— It is the statement that shows list of final ending balances of all ledger accounts…
Q: The following facts relate to Wildhorse Corporation. 1. Deferred tax liability, January 1, 2025,…
A: A corporation can use a Deferred Tax Asset (DTA) to lower its future income tax obligations by…
Q: Required: 1. Determine the price at which Builders is "selling" the equipment (present value of the…
A: Semiannual lease payment to be received = $779,224Total semiannual payments to be received = 3*2 = 6…
Q: Categorize each of the following activities into the expenditure, conversion, or revenue cycles, and…
A: The objective of this question is to categorize the given activities into the expenditure,…
Q: Question 4: Activity Based Costing (ABC) The Gadget Co produces three products, A, B and C, all made…
A: Absorption costing refers to the method of costing that includes all the costs related to the…
Q: Mrs. Shine was registered in Jamaica as a sole trader in 2015. To grow her practice Mrs. Shine…
A: The objective of the question is to calculate the adjusted profit or loss for the partnership of…
Q: KW Steel Corp. uses the LIFO method of inventory valuation. Waretown Steel, KW's major competitor,…
A: LIFO reserve refers to the difference between the inventory value calculated using the LIFO…
Q: On April 15, 2017, Melissa purchased $60,000 of Verbecke Co.'s 12%, 20-year bonds at face amount,…
A: The objective of the question is to calculate the market value of Melissa’s bonds on April 14, 2021.…
Q: Skysong Company purchased a new machine on September 1, 2022, at a cost of $125,000. The company…
A: In commercial accounting, the double-declining balance (DDB) approach is used to calculate…
Q: i need the answer quickly
A: A flexible budget can adapt to changes in any situation such as sales or production volume or any…
Q: Copr Goedl 2022 Sheba Industries reported the following budgeted sales in units for the first…
A: The objective of the question is to calculate the total number of units to be produced in July for…
Q: Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Its…
A: A flexible budget performance report is prepared to make a comparison of the actual results and the…
Q: A share of common stock just paid a dividend (DO) of $3.00. If the expected long-run growth rate for…
A: Current stock price (P0) = $63.00Explanation:Given information, Just paid dividend (D0) =…
Q: 3,800 units, 60% completed Direct materials, 32,000 units Direct labor Factory overhead $ 60,400…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Entries for issuing and calling bonds; loss Hoover Company, a wholesaler of music equipment, issued…
A: The bonds payable are long-term liability that are issued for a fixed term with a fixed static rate…
Q: The following are three situations, all involving private companies, in which the auditor is…
A: Auditing is a systematic examination of an organization's financial records, transactions, and…
Q: Schedule of cash collections of accounts receivable Pampered Pal Inc., a pet supplies distributor,…
A: The budget is prepared to estimate the requirements during the period.The cash collection schedule…
Q: For the cross-tabulation data shown below, which represents a count of the type of books that…
A: I have attached the image below, check it.Explanation:Step 1: Step 2: Step 3: Step 4:
Q: Windhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit deposit…
A: Net present value is computed as present value of cash inflows less present value of cash outflows.
Q: Rita owns a sole proprietorship in which she works as a management consultant. She maintains an…
A: A deduction refers to an allowable reduction or subtraction from an individual or entity's gross…
Q: Required information [The following information applies to the questions displayed below.] In its…
A: Inventory cost variations are smoothed down by the weighted average approach. Because it includes…
Q: Ironwood Company manufactures cast-iron barbeque cookware. During a recent windstorm, it lost some…
A: In cost accounting, if the actual expenditures incurred are different from the standard expenditures…
Q: equipment $ 6,350 oints Office supplies expense Fit-for-Life Foods reports the following income…
A: The objective of the question is to prepare a multiple-step income statement for Fit-for-Life Foods…
Q: i need the answer quickly
A: Inventory can be valued using various methods -First-in First-Out Method - Under the First-in…
Q: On September 1, the balance of the Accounts Receivable control account in the general ledger of…
A: A general journal is defined as a book in which the raw data pertaining to the transactions or…
Q: Required: Presented below is a partially completed Statement of Activities for a homeless shelter.…
A: Statement of activities is a financial report that is used by non-profit organization to report the…
Q: Hiren Add explanation
A: The objective of this question is to calculate the present value of an investment that will pay…
Q: Innovative Tech Incorporated (ITI) has been using the percentage of credit sales method to estimate…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: Amir, who is single, retired from his job this year. He received a salary of $22,000 for the portion…
A: Adjusted gross income (AGI) is your gross income minus certain adjustments. The IRS uses the AGI to…
Q: i need the answer quickly
A: First-in First-Out Method - Under the First-in First-Out Method, the company uses inventory in the…
Q: Required: a. & b. Determine the amount of the annual lease payments as calculated by the lessor and…
A: A right-of-use assets represents a lessee's right to use a leased asset over the lease term. It is…
Q: 2 4. The Zerro Company has issued $100,000 of Redeemable Preferred Stock. The Preferred Stock would…
A: As you provided multiple questions we are answering for first question please resubmit and mention…
Q: prepared in accordance with GAAP. The corporation's books and records reveal the following…
A: The U.S. federal income tax is a tax collected by the Internal Revenue Service (IRS) on the yearly…
Q: A scientist claims that pneumonia causes weight loss in mice. The table shows the weights (in grams)…
A: b. t>2.015.c. đ= 0.933, sd= 0.309d. t= 7.40Explanation:b. critical values:n = 6α = 0.5df=n-1df=…
Step by step
Solved in 3 steps
- Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Gent Designs requires three units of part A for every unit of Al that it produces. Currently, part A is made by Gent, with these per-unit costs in a month when 4.000 units were produced: Variable manufacturing overhead is applied at $1.00 per unit. The other $0.30 of overhead consists of allocated fixed costs. Gent will need 6,000 units of part A for the next years production. Cory Corporation has offered to supply 6,000 units of part A at a price of $7.00 per unit. It Gent accepts the offer, all of the variable costs and $1,200 of the fixed costs will be avoided. Should Gent Designs accept the offer from Cory Corporation?
- Cozy, Inc., manufactures small and large blankets. It estimates $950,000 in overhead during the manufacturing of 360,000 small blankets and 120,000 large blankets. What is the predetermined overhead rate if a small blanket takes 2 hours of direct labor and a large blanket takes 3 hours of direct labor?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) required on each machine are as follows: The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be sold, but up to 1,000 units of each of the other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1, 2, and 3 are 8, 6, and 9, respectively. a. Formulate and solve for the recommended production quantities. b. What are the objective coefficient ranges for the three components? Interpret these ranges for company management. c. What are the right-hand-side ranges? Interpret these ranges for company management. d. If more time could be made available on the grinder, how much would it be worth? e. If more units of component 3 can be sold by reducing the sales price by 4, should the company reduce the price?
- Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Ingles Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other institutions. The table tops are manufactured by Ingles, but the table legs are purchased from an outside supplier. The Assembly Department takes a manufactured table top and attaches the four purchased table legs. It takes 16 minutes of labor to assemble a table. The company follows a policy of producing enough tables to ensure that 40 percent of next months sales are in the finished goods inventory. Ingles also purchases sufficient materials to ensure that materials inventory is 60 percent of the following months scheduled production. Ingless sales budget in units for the next quarter is as follows: Ingless ending inventories in units for July 31 are as follows: Required: 1. Calculate the number of tables to be produced during August. 2. Disregarding your response to Requirement 1, assume the required production units for August and September are 2,100 and 1,900, respectively, and the July 31 materials inventory is 4,000 units. Compute the number of table legs to be purchased in August. 3. Assume that Ingles Corporation will produce 2,340 units in September. How many employees will be required for the Assembly Department in September? (Fractional employees are acceptable since employees can be hired on a part-time basis. Assume a 40-hour week and a 4-week month.) (CMA adapted)Computador has a manufacturing plant in Des Moines that has the theoretical capability to produce 243,000 laptops per quarter but currently produces 91,125 units. The conversion cost per quarter is 7,290,000. There are 60,750 production hours available within the plant per quarter. In addition to the processing minutes per unit used, the production of the laptops uses 10 minutes of move time, 20 minutes of wait time, and 5 minutes of rework time. (All work is done by cell workers.) Required: 1. Compute the theoretical and actual velocities (per hour) and the theoretical and actual cycle times (minutes per unit produced). 2. Compute the ideal and actual amounts of conversion cost assigned per laptop. 3. Calculate MCE. How does MCE relate to the conversion cost per laptop?
- Carltons Kitchens makes two types of pasta makers: Strands and Shapes. The company expects to manufacture 70,000 units of Strands, which has a per-unit direct material cost of $10 and a per-unit direct labor cost of $60. It also expects to manufacture 30.000 units of Shapes, which has a per-unit material cost of $15 and a per-unit direct labor cost of $40. It is estimated that Strands will use 140,000 machine hours and Shapes will require 60,000 machine hours. Historically, the company has used the traditional allocation method and applied overhead at a rate of $21 per machine hour. It was determined that there were three cost pools, and the overhead for each cost pool is shown: The cost driver for each cost pool and its expected activity is shown: A. What is the per-unit cost for each product under the traditional allocation method? B. What is the per-unit cost for each product under ABC costing?Five Card Draw manufactures and sells 10,000 units of Aces, which retails for $200, and 8,000 units of Kings, which retails for $170. The direct materials cost is $20 per unit of Aces and $15 per unit of Kings. The labor rate is $30 per hour, and Five Card Draw estimated 64000 direct labor hours. It takes 4 direct labor hours to manufacture Aces and 3 hours for Kings. The total estimated overhead is $128,000. Five Card Draw uses the traditional allocation method based on direct labor hours. A. How much is the gross profit per unit for Aces and Kings? B. What is the total gross profit for the year?Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140