time per unit in hours required of the production line to meet the demand. Show complete solution on a clear paper.
Q: Exercise 4-10 (Algo) Recording sales, purchases, shipping, and returns-buyer and seller LO P1, P2…
A: Journal entry is recording and classifying the business transactions into books of accounts…
Q: Given $140.10 per month; cash price $5,600; down payment $0 Cash trade months with bank-approved…
A: Interest per $100= (finance charged/ amount financed)*100 (2806/5000)*100 = 56.12
Q: (Partial) Income Statement tA $
A: Income statement refers to the financial record which reflect the total revenue generated by ac…
Q: Restating Inventory Values Using the LIFO Inventory Reserve. Presented below are the condensed…
A: Inventory: - Inventory is the goods and material that a business holds for a period of time for the…
Q: Explain how Kantian ethicists decide what is ethical and what reasons they would have to hold this…
A: Business Ethics Corporate ethics are a reflection of the organization's philosophy. The foundation…
Q: Rey Company’s only product sells for $222 per unit. Data for its first year of operations follow.…
A: As per the absorption costing method, the product cost includes fixed and variable manufacturing…
Q: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as…
A: Inventory valuation is based on the flow-off issue used by the organization. It can be the first in…
Q: Tools manufactures wide variety of tools and accessories. One of its more popular items is a…
A: Solution: Budgeted sales revenue is based on Sales units and their sales price. Budgeted production…
Q: Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company…
A: Activity-based costing is used to distribute the unallocated overhead on the basis of activity.…
Q: Mokwena Limited acquired 48% investment in Masibi Limited at R100 000. At the date of acquisition,…
A: CONSOLIDATION Financial consolidation is the process of combining financial data from several…
Q: Madison earns 750 per week plus 3% of sales in excess of $6,500. If Madison sells $25,000 in the…
A: Earnings :— It is the money received or receivable for the work done for the others. Earning of…
Q: Assume that markup is based on cost. Calculate the cost and sellin Note: Round your answers to the…
A: Introduction:- A mark-up is a percentage is added to the cost of a product. It is the difference…
Q: Compute the return on investment (ROI) for X Company.
A: The company profitability is measured by using the return on investment. The investors also analyzed…
Q: All else being equal, which of the following results in greater accretion? Increasing takeover…
A: When acquiring company's earning per share increases after the acquisition of target company…
Q: The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:…
A: Income statement is prepared for review of profitability in the business. Single step income…
Q: GLO401 (Algo) - Based on Problem 4-1A LO P1, P2 Prepare journal entries to record the following…
A: Income Statement - Income Statement includes income earned and expense incurred during the financial…
Q: A company has only one deductible temporary difference due to the use of the current expected credit…
A: Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of…
Q: Given the following: 31-day billing cycle 10/5 billing Data…
A: The average daily balance method is generally used to determine the amount of interest to be charged…
Q: Income Statement (Absorption Costing) Sales (80,000 units × $45 per unit) $ 3,600,000 Cost of…
A: Income statement refers to the financial record which reflect the total revenue generated by ac…
Q: Barnes Company reports the following for its product for its first year of operations. Direct…
A: Absorption Costing - In this costing method cost associated with the manufacturing of a product is…
Q: P Limited obtained control with the acquisition of an 80% equity interest in the share capital of S…
A: Goodwill is the amount paid by the acquirer in excess of the fair value of net assets of the…
Q: Mr. Y has gross sales of P1,480,800. He adds a 20% mark-up on cost. His operating expense is 30% of…
A: Taxable Income Using Itemized Deductions All ordinary and necessary expenses paid or incurred during…
Q: P74,500
A: answer is P74500 Step by step explanation: Calculation of total deductions from gross income…
Q: Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income…
A: The question is based on the concept of cost accounting.
Q: P Ltd owns 55% of the shares of S Ltd. Each share entitles the holder to one vote at the AGM. The…
A: A subsidiary in the business sector is a business that is a part of another business, which is…
Q: S Ltd(a partially owned subsidiary), sold inventories for the first time to its parent, P ltd during…
A: Intragroup transactions are those transactions which are made between the parent and subsidiary. At…
Q: 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales + days %
A: Introduction:- Ration analysis is used to identify financial health of company. It is measured from…
Q: ABC Company hired X as an independent contractor, whereby ABC has no power to control X's conduct.…
A: Income Tax Liability: The entire amount of unpaid taxes owing to the government by a person,…
Q: Describe the primary goals of an entity's financial statement audit and the significance of…
A: The primary goal of financial statement audit: An audit of a company's financial statements is done…
Q: . If NPV is negative, company usually rejects the project. While, if ARR is greater than cost of…
A: Capital budgeting comes under the domain of corporate finance. The accounting and finance principal…
Q: Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the…
A: Markup refers to the amount that is added to the cost price to compute the selling price of a…
Q: The credit card with the transactions described on the right uses the average daily balance method…
A: Introduction An accounting method known as the average daily balance bases interest calculations on…
Q: Second Republic Bank is a lending company that operates in the Southeastern United States. Current…
A: As per Bartleby guidelines if multiple questions are asked then expert need to answer only first…
Q: E3.4 (LO 1, 2, 3) Luong Corporation encounters the following situations: 1. Luong collects $1,300…
A: In business, adjusting entries are recorded for correct reporting of all incomes, expenses, assets…
Q: X Corp is in the process of improving its efficiency / productivity through implementation of new…
A: Productive ratio is calculated by comprising between output with input. it is calculated by dividing…
Q: 3 5 7 8 During Mar, its second month of business, Karry no Key, Inc.: Purchased 300 karaoke machines…
A: Depreciation - Depreciation is charged to the assets of the company due to wear and tear,…
Q: Why might a company estimate ending inventory instead of performing a physical count? O The…
A: Ending inventory counting and valuation helps a business to know value of inventory still available…
Q: X Company, a division of a major oil company, provides various services to the operators of oil…
A: Return on investment is one of the financial ratio which is used to analyse how much operating…
Q: Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories.…
A: Calculation of plantwide predetermined overhead rate are as follows
Q: A. What is Cullumber's contribution margin ratio? Its variable cost ratio? (Round ratios to 2…
A: Introduction:- CVP analysis is used to identify the changes in costs and volume affect a company's…
Q: David is paid on a graduated commission scale at Lotrex Company. He receives 2% commission on the…
A: Commission rate on first $20,000 = 2% Commission rate on next $50,000 = 6% Commission rate on next…
Q: By conversion of the markup formula, solve the following. Note: Round your answer to the nearest…
A: Formula: Percent markup on cost=ProfitCost×100
Q: Which of the following statements are true? (i) If an investor has more than 50% ownership, it…
A: Answer: option c
Q: A $20 million loan outstanding to the Nigerian government is currently in arrears with City Bank.…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Sandra Hilton of Sisseton, South Dakota, age 60, recently was in a vehicle accident, was…
A: Social security benefits refer to the amount that is received by an applicant after completing the…
Q: Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based…
A: Activity based costing is a method of overhead cost allocation. Under this method overhead is…
Q: 9. The federal government allows an income tax deduction for the decrease in value of certain…
A: Depreciation: Depreciation is a method of accounting used to spread out the expense of a tangible…
Q: At present, total outstanding shares of X Corp is 100,000 shares. X Corp issued additional 200,000…
A: According to the given question, we are required to compute the number of shares to be issued to the…
Q: fixed relate le 4.3. Here is financial statement information on four not-for-profit clinics:…
A: A balance sheet is a financial statement that contains details of a company's assets or liabilities…
Q: 9. Carol babysat for 12 hours. Is she entitled to minimum wage? Explain your answer. 10. Harry works…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
A manufacturing firm maintains one product assembly line to produce generators. The demand for the product is 85 units/week.The production runs at 8 hours/day, 5.5 days/week. What is the maximum production time per unit in hours required of the production line to meet the demand.
Show complete solution on a clear paper.
Step by step
Solved in 2 steps with 2 images
- Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how much will profits increase if 200 more hours of machine time can be obtained?Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how many of each product should be made?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?
- Eyring Manufacturing produces a component used in its production of washing machines. The time to set up and produce a batch of the components is two days. The average daily usage is 800 components, and the maximum daily usage is 875 components. Required: Compute the reorder point assuming that safety stock is carried by Eyring Manufacturing. How much safety stock is carried by Eyring?The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishes to know how to weave the various fabrics it will produce during the coming quarter. The sales department has continued orders for each of the 15 fabrics produced by Calhoun. These demands are given in the following table. Also given in this table is the variable cost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 days a week, and 24 hours a day. There are two types of looms: dobbie and regular. Dobbie looms can be used to make all fabrics and are the only looms that can weave certain fabrics, such as plaids. The rate of production for each fabric on each type of loom is also given in the table. Note that if the production rate is zero, the fabric cannot be woven on that type of loom. Also, if a fabric can be woven on each type of loom, then the production rates are equal. Calhoun has 90 regular looms and 15 dobbie looms. For this problem, assume that the time requirement to change over a loom from one fabric to another is negligible. Management would like to know how to allocate the looms to the fabrics and which fabrics to buy on the market so as to minimize the cost of meeting demand.Remarkable Enterprises requires four units of part A for every unit of Al that it produces. Currently, part A is made by Remarkable, with these per-unit costs in a month when 4,000 units were produced: Variable manufacturing overhead is applied at $1.60 per unit. The other $0.50 of overhead consists of allocated fixed costs. Remarkable will need 8,000 units of part A for the next years production. Altoona Corporation has offered to supply 8,000 units of part A at a price of $8.00 per unit. If Remarkable accepts the offer, all of the variable costs and $2,000 of the fixed costs will be avoided. Should Remarkable accept the offer from Altoona Corporation?
- Bienestar, Inc., implemented cellular manufacturing as recommended by a consultant. The production flow improved dramatically. However, the company was still faced with the competitive need to improve its cycle time so that the production rate is one bottle every four minutes (15 bottles per hour). The cell structure is shown below; the times above the process represent the time required to process one unit. Required: 1. How many units can the cell produce per hour (on a continuous running basis)? 2. How long does it take the cell to produce one unit, assuming the cell is producing on a continuous basis? 3. What must happen so that the cell can produce one bottle every four minutes or 15 per hour, assuming the cell produces on a continuous basis?Gumbrecht Company has the following departmental manufacturing layout for one of its plants: A consulting firm has recommended a value stream with the following manufacturing cell: Required: 1. Calculate the total time it takes to produce a batch of 20 units using the traditional departmental manufacturing layout. 2. Using cellular manufacturing, how much time is saved producing the same batch of 20 units? Assuming the cell operates continuously, what is the production rate? Which process controls this production rate? 3. Assume the processing time of Casting is reduced to 9 minutes, while the times of the other processes stay the same. What is the production rate now, and how long will it take to produce a batch of 20 units if the cell is in a continuous production mode?Corazon Manufacturing Company has a purchasing department staffed by five purchasing agents. Each agent is paid 28,000 per year and is able to process 4,000 purchase orders. Last year, 17,800 purchase orders were processed by the five agents. Required: 1. Calculate the activity rate per purchase order. 2. Calculate, in terms of purchase orders, the: a. total activity availability b. unused capacity 3. Calculate the dollar cost of: a. total activity availability b. unused capacity 4. Express total activity availability in terms of activity capacity used and unused capacity. 5. What if one of the purchasing agents agreed to work half time for 14,000? How many purchase orders could be processed by four and a half purchasing agents? What would unused capacity be in purchase orders?
- Mabbut Company has the following departmental manufacturing layout for one of its plants: A consulting firm recommended a value stream with the following manufacturing cell: Required: 1. Calculate the total time it takes to produce a batch of 10 units using the traditional departmental manufacturing layout. 2. Using cellular manufacturing, how much time is saved producing the same batch of 10 units? Assuming the cell operates continuously, what is the production rate? Which process controls this production rate? 3. Assume the processing time of Welding is reduced to 6 minutes, while the times of the other processes stay the same. What is the production rate now, and how long will it take to produce a batch of 10 units if the cell is in a continuous production mode?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?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?
