The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative O discretionary cost O differential cost O period cost O product cost
Q: R. Carpio Products, Inc. was formed at the beginning of the year. Ordinary share has a P25 par…
A: The answer is stated below:
Q: A debtor firm’s 12/31/21 statement of financial position is to be issued of 4/15/22. A long-term…
A: Here discuss about the debt obligation and its determination whether current liability or the non…
Q: Question 1 Brian started in business on 1 December 2021. The following is a list of his transactions…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: PROBLEM 2-6 Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances…
A: Partnership is one of the agreement between two or more than two partners, under which they invest…
Q: ACCOUNTING PROCEDURES, POLICIES, AND INSTRUCTIONS I. Maja’s Consultancy reports its operations…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: X Corp produces single product. Income under variable costing and absorption costing are 36,400 and…
A: Given, Income under variable costing= $36,400 Income under absorption costing= $25,600 Product cost…
Q: Asda Ltd purchased shares of Simon plc. As of 30 June 2019, E50,000 was the Equity-Pald op Capital.…
A: Below is the Statement of Comprehensive Income and the Statement of Changes in Equity and the the…
Q: AA Corporation holds 80 percent of the stock of Movie Production Inc. During 20x9, AA purchased an…
A: Net Income is the revenue amount reduced by cost of goods sold. The calculation is given below:
Q: On 30 June 2019 Southside plc purchased 5,000 shares in ABC plc at £10.00 per share. On acquisition,…
A: The securities that are classified as securities available for sale are to be recorded in the books…
Q: 17-39 Transferred-in costs, weighted-average method (related to 17-36–17-38). Larsen Company, as you…
A: Process costing is a method of cost accounting, which is used where there is continuous production…
Q: Project B cost $5,100 and will generate after-tax net cash inflows of $500 in year one, $1,300 in…
A: Net present value method is one of the method of measuring profitability of the project. If this is…
Q: On July 1, 2022, Denver Company purchased 30,000 shares of Eagle Company's 100,000 outstanding…
A: Lets understand the basics. When one entity purchase more than 20% of the share and less than 50% of…
Q: Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its…
A: The long term liabilities are the liabilities to be paid after one year The current liabilities are…
Q: What is the ending balance of the investment in associate account as of December 31, 2022?
A: On January 2, 2021, Normal Inc. acquired 15% interest in Laco Co. by paying P1,500,000 for 7,500…
Q: ment takes 20 hours of labor of a technician. Currently, the technician makes $22.50 per hour. For…
A: Concept of application of cost
Q: [The following information applies to the questions displayed below.] BMX Company has one employee.…
A: The gross earnings is earning without any deduction. It is revenue less cost of goods sold. Tax…
Q: Q2. You are a managerial accountant who has become privy to information about a takeover bid by your…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: partnership. The partnership pays P73,000 cash for Banner’s interest. How much is the capital…
A: A partnership is a legal process for two or more organizations to control and run a business and…
Q: he shares had fair value of P110 per share. July 1, 2022, Tan Beda Company purchased additional…
A: Tan Beda acquired 10% voting shares in Taint Dude . 10% is very low amount for controlling…
Q: Statement 1: An entity shall disclose the period of construction in which borrowing costs are…
A: borrowing cost include financial charges like interest on loan and overdraft. the capitalisation of…
Q: What would be your federal income tax if your taxable income was $117,000.00? S What is the average…
A: Tax is a liability calculated on the income earned by an individual or company and paid to the…
Q: Alfred is a partner. His dependent daughter wants to try making investments using an app on her…
A: Here discuss about the right of the parent in the decision making of the daughter in the investment…
Q: BOARD ACTIVITY Instructions: 2014 Horizontal Vertical 2015 Make a Horizontal Analysis Analysis…
A: Horizontal analysis is that analysis under which increase or decrease from previous year is…
Q: Define the following using your own words and give examples Account T-account To debit
A: As per the guidelines, only three subparts are allowed to be solved. Please resubmit the remaining…
Q: On January 1, 2022, AA Company received a 5%, P10,000,000, note collectible in installment plus…
A: Given, Value of note= P10,000,000 Rate of interest= 5%
Q: revealed the following events: During the year ended December 31, 2021, Samar Company A counting…
A: Prior period errors are omissions from, and misstatements in, the entity’s financial statements for…
Q: ver and Short account: Choice Is used to record the income effects of cas
A: The cash over and short account is an expense account used to record the difference of the physical…
Q: IV. The following data were taken H&D Company: Beginning capital balances: Ordinary share capital,…
A: Shareholder's equity comprises of the following: Ordinary share capital Securities premium…
Q: Sycamore will record interest revenue in 2022 of?
A: Interest = 92278*0.10/2 - 100000*0.08/2 =P614
Q: Dennis Murphy is a salaried, nonexempt administrative assistant for Dionti Investments and is paid…
A: Normally in a year there are 52 weeks.…
Q: Exercise 11-11 (Algo) Disposal of property, plant, and equipment; partial periods (LO11-2] On July…
A: Answer 1) During 2021, the Asset was used for the period from Jan’1 2021 to 28’…
Q: hese issues associated with using accounting measures as performance measures through use of…
A: The answer has been mentioned below.
Q: The following information pertains to Vladamir, Inc., for last year: Beginning inventory, units…
A: Calculation of product cost per unit under variable costing : Particulars Amount Direct…
Q: The information below relates to the Cash account in the ledger of Cullumber Company. Balance…
A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…
Q: On December 31, 2019, Blackpink Incorporated purchase a trademark. Data pertinent to the trademark…
A: Impairment of assets means when there is reduction in value of asset over the period of time.
Q: 56 What do an appropriation of retained earnings and a declaration of a cash dividend (for the same…
A: Solution Appropriation of the retained earnings means the Appropriation of retained earning for…
Q: The GDP in Germany is $3.69 trillion. The rate of inflation is 2.5%. If the population of Germany is…
A: The Gross Domestic Product per capita, or GDP per capita, is a measure of a country's economic…
Q: Teacher Inc. will issue share of P25-par ordinary share for the net assets of Student Co. Teacher…
A: Company means the form of business where management is separately from owner and have perpetual…
Q: Required: 1. Prepare the company's sales budget and schedule of expected cash collections. 2.…
A: Solution Concept Sales budget Sales budget is the amount that is expected to be sold…
Q: Which statements are correct concerning measurement of cost of property, plant and equipment?
A: Concerning measurement of cost of property, plant and equipment Property, plant, and equipment are…
Q: Mode 6- Lump Sum Acquisition 9) On April 1. 2022. Pacific Corporation purchased for P2.700.000 a…
A: Under lumpsum sale, all the assets and liabilities are transferred for one single consideration…
Q: For what decisions is the manager of a cost center not responsible?
A: The answer for the question on cost centre has been discussed hereunder : There are different…
Q: 5. At the end of each quarter, $4, 000 is placed in an annuity that earns 6%interest, compounded…
A: In the given question $ 4,000 is deposited quarterly and the compounded is being done quarterly.…
Q: Complete the following table to show which accounts are to be credited and which account to be…
A: The transactions effect two or more accounts of the business, with one account debited and other…
Q: There are 3 workers in one of companies, if you know that work days were 5 days, the company has…
A: Accrued wages is one of the short term or current obligation of the business, which needs to be…
Q: On January 2, 2021, Normal Inc. acquired 15% interest in Laco Co. by paying P1,500,000 for 7,500…
A: The investment income to be reported is equal to the total amount received from the company as a…
Q: If an entity was not able to determine the fair value of both the asset received and the asset given…
A: Where the exchange of Assets have a commercial substance (sufficient cash flow can be generated in…
Q: Gonzales Company acquired a P5,000,000, 5-year bond on January 1, 2020, for P4,620,000. The stated…
A: It is the loss arises, when the recoverable or realizable value from the asset is lower than the…
Q: TT Company owns 100 percent of the capital stock of both BB Corporation and CC Corporation. BB…
A: Income statement is prepared by the business organizations so as to know how much amount of gross…
Q: cordance with PFRS 2, Share-based Payment, how should an entity recognize the change in fair value…
A: The grant of shares or share based option to the employee and director by the most company in order…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Items on variable costing income statement In the following equations, based on the variable costing income statement, identify the items designated by X: a. Net Sales X = Manufacturing Margin b. Manufacturing Margin X = Contribution Margin c. Contribution Margin X = Income from OperationsIn the equation y = $11.75x + $550, "x" represents Question 28 options: number of units produced. total fixed costs. total costs. None of these.Appendix 12A) Which of the following items are included in the cost base under the absorption costing approach to cost-plus pricing? Variable Cost Fixed Cost Production Selling Production Selling A) Yes Yes Yes No B) No Yes No Yes C) Yes Yes No No D) Yes No Yes No Multiple Choice Option A Option C Option B Option D
- Question 10 An increate in Fixed Cost per unit maybe attributed with decrease in production. A. True B. False17. The calculation to determine target cost is Group of answer choices variable manufacturing costs + selling and administrative variable costs. variable manufacturing costs + fixed manufacturing costs. sales price – (variable manufacturing costs + fixed manufacturing costs). sales price – desired profit.QUESTION FOUR By use of an example demonstrate how relevant costs are used in short term decision making. Describe Activity Based Costing (ABC) method and how it is used to determine the cost of a product or service. Consider the following information: Contribution to Sales (C/S) Ratio = 25% Selling Price per unit = K70 Total Fixed Costs = K140,000 Required: Calculate Contribution per Unit Variable cost per Unit Break Even Point in Quantity and Sales value terms
- 20-Which of the following term is used to denote, the response of cost to the change in the volume of production? a. Cost response b. Cost trend c. Cost behavior d. Cost accumulation36.A cost increases or decreases in intervals as activity changes. a. historical cost b. step cost c. fixed cost d. flexible cost e. budgeted costQ.For any cost classified in the gray area, assume 60% is value-added and 40% is non-value-added. How much of the total of all seven costs is value-added and how much is non-value-added?
- In the equation Y = 200 + 0.8X, Y represents Question 54 options: a) Variable cost per unit of activity b) Activity level c) Total cost d) Fixed costContinuation for the problem The net income under variable costing would be: * a. P64,000 b. P60,000 c. P56,000 d. P52,000 The net income under absorption costing would be: * a. The same as the income under variable costing. b. P8,000 greater than the income under variable costing. c. P12,000 greater than the income under variable costing. d. P8,000 less than the income under variable costing.15. Book value of old equipment is considered to be a Group of answer choices sunk cost. cost that can be changed by a present or future decision. semi-relevant cost. relevant cost.