What is the amount of headquarters' cests'atibcateď toʻPlant A if payroll is used s the allocation base? 12 moit !
Q: DO THE REVENUE BUDGET FOR JAN AND FEB iHosn: Statistics Budget: RVUS (1]
A:
Q: Mateen Oil and Gas Company provides the following data: 2019 2020 2021 Unproved property acquisition…
A: Here discuss about the finding cost per BOE which was calculated by using total volume of cost…
Q: Gahen Coporon ha 000 cato of orarg thteere haved ata prce of S4SO The inoeme cont of $00 The orarge…
A: Incremental gain = $49,850 - $33,520 = $16,330 Incremental cost = $12,775
Q: lа Сompany provided the rent year: chases chase returns and allowances talincome
A: An income statement is a financial statement that displays a company's revenue and costs. It can…
Q: question 4 ABC Company purchased equipment on May 1, 2021 costing $1,000,000. Its estimated salvage…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: On January 2, 2018 Pearl corporation purchased 10%, $1.500 000 bonds of Gold Company to yield 11%.…
A: Here asked for multi sub part question we will solve for first three sub part question for you. If…
Q: Problem 1 - Percentage of completion ABC Co. Uses the percentage of completion method to account for…
A: The percentage of the completed contract is used to recognize revenues and expenses related to a…
Q: Sales Returns and Allowances is increased when an employee does a good job. goods are sold on…
A: Introduction Allowance is a defined amount of financial or monetary advantage provided by the…
Q: On Jan. 1, 2020, Terra Company established a share appreciation rights plan for the executives. The…
A: calculation of compensation income are as follows
Q: The following information is available from the current period financial statements: Net income…
A: The amount of money generated by a corporation by continuous, regular commercial activity, such as…
Q: 5. Compute the following financial ratios for 2015 and 2016 and interpreting the results in the…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: amount of compensation
A: Stock appreciation rights (SARs) are a device used by companies for compensating their employee.…
Q: Discuss one aspect of the Statement of Cash Flows that can be difficult and write a short paragraph…
A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…
Q: what is the procedure used?
A: Journal entry is a basic accounting entry and is the first step in double entry system of…
Q: Sisig Corp. has the following information in its notes to the financial statements: • Land held for…
A: Investment property means land or building or part of building or land and building that is held for…
Q: You are a credit analyst of a growing commercial bank and have recently received loan applications…
A: Inventory turnover ratio: Cost of goods sold/ average stock Days sales in inventory: 365/ inventory…
Q: The trial balance before adjustment of Ehrlich Company reports the following balances:…
A: The allowance for doubtful accounts is created to record estimated bad debt expense for the period.…
Q: of money in two invest years each; both computes interest on a simple be mount obtained at 7% is 225…
A: Concept Investment with simple interest means amount which is be put to use for earning simple…
Q: 7. Aaron Cousins is a self-employed VAT consultant. Aaron's business, Bruins VAT Consultancy…
A: National Insurance Contrition is the payment which is to be made by the persons as per UK laws who…
Q: Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31,…
A: A cash budget is prepared to estimate the total cash received and total cash disbursement. It is…
Q: omedy spot costs $50 a $100 and is seen by 3 come women and 24000
A: let x b and y be the number of comedy shows football games. objective is to minimize the cost…
Q: Problem: THE COMPANY PURCHASED EQUIPMENT FOR 245,000 ON OCTOBER 31, 2018, AND FURNITURE AMOUNTING TO…
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…
Q: Kenny Day, manager of Day Laboratory, is investigating the possibility of acquiring some new test…
A: Here we will apply and use the concept of capital budgeting to determine financial feasibility of…
Q: as: ucas Company recorded the following events for the year just ended: Retirement of preferred…
A: Cash flow statement : This is the statement which measures flow cash in an organization from three…
Q: Prepare journal entries for 2019.
A: Investment in bonds journal entry Purchase of bondsThe company can make the investment in bonds,…
Q: INDICATE THE ORDER IN WHICH THE GIVEN STEPS ARE EXECUTED. BRIEFLY EXPLAIN
A: BPEL is a shortcut for expressing Web service-based business process behaviour. There are two…
Q: Bluebird Manufacturing has recelved a special one-time order for 15,900 bird feederslat $3.90 per…
A: Given question says that due to acceptance of additional offer there will be no incremental fixed…
Q: REQUIRED: What is the deferred tax balance by the end of 2020?
A: Deferred tax refers to the tax difference as per the book profits and taxable income. This tax…
Q: nsultancy Services, prepares financial statements to an accounting date of 31 March ch year. ring…
A: National Insurance Contrition is the payment which is to be made by the persons as per UK laws who…
Q: odic inventory system. One of the company’s products is a special equipment for the oil drilling…
A: First in first out refers to the inventory method under which the inventory purchased first is old…
Q: Manual, what method is used in computing the ending inventory of materials and supplies? First-in,…
A: there are different methods available for valuation of the inventory is available. for most of the…
Q: Aaron Cousins is a self-employed VAT consultant. Aaron's business, Bruins VAT Consultancy Services,…
A: Self employed person shall usually pay 2 types of national insurance: Class 2 if your profits are…
Q: A. What amount should be reported as basic earnings per share? B. What amount should be reported as…
A: Given, Net income is P11,000,000 Outstanding shares issued on Jan 2 is 1,500,000 On Jan 3 entered…
Q: a) Prepare Machi
A: Depreciation of assets has to be calculated and it will reduce the cost of the asset. Assets will be…
Q: Record a transaction money charged on a account
A: A transaction is the amount of value for a product or service. Regardless of when money is received…
Q: Inventories Office Supplies Prepaid Insurance Land 1,100,000 2,500 24,000 120,000 450,000 85,000…
A: Introduction: A statement of financial position is also said to be a balance sheet. The statement…
Q: Carol, a self-employed CPA, purchases hockey tickets online for $180 and takes a client to the game.…
A: Given: - Particulars Amount Cost of hockey ticket $180 Bill for Dinner $140 Total expense…
Q: A gain or loss on disposal of a plant asset is determined by comparin O replacement cost of the…
A: In the business world, the term "book value" was coined to indicate the current value of a…
Q: How much is the contributions receivable to be presented in the statement of financial position of…
A: The accounting system here works on accrual concept So the revenue is recorded as earned rather than…
Q: The Pierce Company started operations this month and had the following transactions: 1 Owners…
A: An accounting equation refers to a mathematical representation of the transaction. It indicates that…
Q: n January 1, 2021, ABC enters into a contract to construct a building for a customer. ABC identifies…
A: The percentage method recognises the revenue and gross profit on the basis of percentage of the work…
Q: HOM Enterprises estimated the following sales for the first six months of 2022: Month Estimated…
A: The cash budget is prepared by the management to estimate the expected cash collection and cash…
Q: 4. PT Prahasta produces products through two departments with cost calculations using the weighted…
A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…
Q: (b) A sales budget is given below for one of the products manufactured by N.Ltd .For six months…
A: For Preparation of purchase budget of NH2 it is required to prepare production budget of the…
Q: Dividend Ratio Company M Company B Соmpamy C Earnings per share 10.00 25.00 (64) Market value of…
A: Concept Dividend Ratio is been calculated as dividend per share divided per earning per share.…
Q: Sheridan Company lends Carla Vista Company $9400 on April 1, accepting a four-month, 6% interest…
A: Introduction: The amount of interest generated by a corporation over a given time period is referred…
Q: Calculate the unit product cost for the month under absorption costing method
A: Solution: Unit product cost under absorption costing consist of variable manufacturing cost per unit…
Q: How much must have been the cash surrender value of life insurance at Iris's December 31. 2020…
A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…
Q: question 5 A record of transactions for the month of January was as follows:…
A: The inventory can be valued using various methods as FIFO, LIFO and weighted average method.
Q: TRUE or FALSE S1: Two methods of allocating joint costs to main products are physical measure…
A: A joint cost is a cost of a manufacturing process with several different outputs. For example, coal…
answer item #25 only, tysm!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- a company audio division produces a speaker that is used by manufactureers of various audio products Sales and cost data on the speaker follow Selling price per unit 120 varioable cost per unit 102 Fixed costs per unit $8 Capacity in units 25,000 Assume the dvision is selling 22500 speakers per year tocusotmers a) what is the lowest acceptable transfer price b) what is highest accepatbale transfer price What is the range of acceptable transfer prices between 2 division If left free to negotiate without interference would you expect divison managers to voluntaily agree to transfer 5000 speakers fromthe Audio divison to Hi Fi? why or why not From the standpoint of the entire company should the transfer take place why or why not?A company sells two products, A and B. The sale mix consists of acomposite unit of 2 units of A for every 5 units of Y (2.5) Fixed cost arePhp247,500. The unit contribution margins for A and B are, Php12.50 andPhp6.00, respectively. Considering the company as a whole, the numberof composite units to breakeven is a. 1,650 composite unitsb. 8,250 composite unitsc. 4,500 composite unitsd. 22,500 composite unitsQUIK Manufacturing Company Ltd produces two products from a joint process. Informationabout the two joint products is as follows:Information Product A Product BBudgeted production (in kg) 2 000 4 000Selling price per kg at split-off $ 10 $ 20Additional processing costs per kgafter split-off (all variable)$ 15 $ 30Selling price per kg after furtherprocessing$40 $50The cost of the joint process is $ 90 000.Required:a) Which of QUIK company’s joint products should be sold at split-off point? Please supportyour answer with the necessary calculations. b) Which of QUIK company’s joint products should be processed further? please answer the same with working allocations
- Sony Company produces 3 products from a joint process at a joint cost of P 52,000. Additional information is summarized below: If processed further Products SV at Split off Final SV Addtl. costs A P 28,000 P 35,000 P 4,000 B 40,000 43,000 5,000 C 32,000 42,000 6,000 Which of the following statements is correct? A. The company should process further all the products because profits will increase by P5,000.B. The joint cost of P 52,00 is irrelevant.C. Product C will produce additional income of P 3,000 if processed further.D. Product B will produce additional net income of P 38,000 if processed further.a) Bidii Enterprises is located at Kariobangi Light Industries area in Nairobi. The company manufactures a product ‘comex’ which is used in the building industry. The main raw material used in the manufacture of ‘comex’ is material B4 2000. The following information relates to material B4 2000. Annual requirements : 144,000 unitsOrdering costs : Sh.12,500 per orderAnnual holding costs : 20% of the purchase pricePurchase price per unit : Sh.500Safety stock requirement : None Required:(i) The economic order quantity. (ii) The number of orders needed per year (iii) Total cost of ordering and holding material B4 2000 per year. ( b) A Company has provided the following data in respect of its major raw materials. Maximum Consumption 1,200 unitsNormal consumption 900 units Minimum consumption 600 units Lead time 4-6 weeks Re-order Quantity 6,000 units RequiredReorder levelMaximum stock level Minimum stock levelThe AB division sells goods internally to the CD division of the same company. The quoted external price in industry publications from a supplier near AB is P200 per ton plus transportation. It costs P20 per ton to transport the goods to CD. AB’s actual market cost per ton to buy the direct materials to make the transferred product is P100. Actual per ton direct labor is P50. Other actual costs of storage and handling are P40. The company president selects a P220 transfer price. This is an example of: Cost-based transfer pricing. Cost plus 20% transfer pricing. Market-based transfer pricing. Negotiated transfer pricing.
- U CO. has two products, product X and product B, emerge from a joint process. Product X has been allocated P30,800 of the total joint costs of P44,000. A total of 2,000 units of product X are produced from the joint process. Product X can be sold at the split-off point for P13 per unit, or it can be processed further for an additional total cost of P14,000 and then sold for P15 per unit. If product X I not processed further and sold, what would be the effect (increase/decrease) on the overall profit of the company compared with sale at split-off point?Peter Company produces four solvents from the same process: A,B,C and D. Joint product costs are P9,000 ( Round to the nearest peso) Product Barrels SP @ Split-Off Pt. Cost to sell @ Split-off Separable Cost Final sales price A 750 P10.00 P6.50 P2.00 P13.50 B 1,000 8.00 4.00 2.50 10.00 C 1,400 11.00 7.00 4.00 15.50 D 2,000 15.00 9.50 4.50 19.50 If Peter Company sells the products after further processing, the following costs to sell will be incurred: A-P2.50 B-P1.00 C-P3.50 D- P6.00 Using net…XYZ Company manufactures pillows. The Cover Division makes covers and the Assembly Division makes the finished pillows. The covers can be sold separately for P4.00. The pillows sell for P6.00. The information related to manufacturing for the most recent year is as follows: Cover Division Assembly Division Manufacturing costs of division P6,000,000 (60% variable) P1,500,000 (50% variable) Sales to external parties P4,000,000 P7,200,000 Market value of covers transferred from the Cover Division to the Assembly Division P6,000,000 Required: a. Assuming the manager of the pillows division received an offer from an outside supplier for P5,000,000 for all the covers it needs. The covers division cannot increase its sales to outside parties. What will happen to the profit of the company as a whole if the Pillows division accepts the supplier's offer?
- Backer Company manufactures products Katran and Klare from a joint process. Product Katran has been allocated P7,500 of total joint costs of P30,000 for the 1,500 units produced. Katran can be sold at the splitoff point for P4 per unit, or it can be processed further with additional costs of P2,000 and sold for P7 per unit. If Katran is processed further and sold, the result would be A. a gain of P1,000 from further processing. B. a loss of P2,500 from further processing C. an overall loss of P1,500 D. a gain of P2,500 from further processingMarky Ltd has two divisions, assembly and electrical. The assembly division transfers partiallycompleted components to the electrical division at a predetermined transfer price. The assemblydivision’s standard variable production cost per unit is $550. This division has spare capacity, and itcould sell all its components to outside buyers at $680 per unit in a perfectly competitive market.Required:a) Determine a transfer price using the general rule.b) How would the transfer price change if the assembly division had no spare capacity? c) What transfer price would you recommend if there was no outside market for the transferredcomponent and the assembly division had spare capacity? d) Explain how negotiation between the supplying and buying units may be used to set transferprices. How does this relate to the general transfer pricing rule?2. ABC Company uses a joint process to produce products A, B, and C. The joint production costs for 201Awere 500,000 and were allocated using relative sales value at the split-off point method.Each product may be sold at its split-off point or processed further. Additional processing costs are entirelyvariable.ProductsSales Value atSplit-offAdditionalProcessingCostsFinal SalesValueA P300,000 P130,000 420,000B 120,000 100,000 230,000C 250,000 140,000 400,000P670,000 P370,000 P1,050,000 a. To maximize profit, which product/s should be sold at split-off point and be processed further,respectively?b. If the alternative were to sell at split-off point or to process further all products, which alternativewould be recommended?