What is the expected annual utility cost of the company if it has 150 machines, and it will use 5,000 hours for next year?

Q: Reagan earned $1500last week. He is married and is paid biweekly. Using the percentage method, (use…

A: Income Tax  The word "income tax" refers to a category of tax that governments apply on income…

Q: E3.6 (LO 2, 3, 4) Mendoza Company accumulates the following adjustment data at December 31. 1.…

A: Answer:-  Account adjustment meaning:- An accounting adjustment is a commercial transaction that as…

Q: The sales director of ABC Corp suggest the following credit terms. He estimated the following:…

A: Credit terms are those terms which are used for providing credit to customers. These credit terms…

Q: Which of the following is not an accepted principle of effective budgeting?   A• Flexibility B• Top…

A: Budgeting refers to the plan that an entity makes and how it is going to spend the money. The budget…

Q: Skip to question   [The following information applies to the questions displayed below.]…

A: The plantwide overhead rate is a single overhead rate that a company uses to allocate all of its…

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 and Product Cost Distortion Handbrain Inc. is considering a change to…

A: ACTIVITY BASED COSTING  Activity-based costing (ABC) is a method of assigning overhead and indirect…

Q: Let: BES= break-even sales, R = revenue per unit, F = fixed costs, V = variable cost per unit, CMR =…

A: Break-even sales shows the amount of sales to generate 0 net income. At this point, total revenue is…

Q: Costs in beginning work in process inventory was $4,500 and $37,800 in costs were added during the…

A: Weighted average method: Under this method the opening balance of units is not recognised separately…

Q: Assume that markup is based on selling price. Find the dollar markup and percent of markup on…

A: Markup is the difference between selling price of a good and its cost price. Markups are added by…

Q: Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your…

A: Markup Price - Markup price is the difference between the Cost of the product and the selling price…

Q: Question 25 of 30 Current Attempt in Progress Activity Cost Pools Ordering and receiving Food…

A: Particulars overhead A cost driver B overhead rate  A/B   Orders and receiving $93125 12500…

Q: ABC Company had 450 units of product on hand at January 1 costing P51 each. Purchases of Material A…

A: FIFO method means first in first out , it means the material comes first will be issue first , and…

Q: Addison's earnings are subject to deductions for social security, medicare, and FIT. Addison's…

A: Gross Earnings Before taxes, benefits, and other payroll deductions are taken out of an employee's…

Q: ctoring Enabled: Chapter 4 Required Homework (G... i The Home Depot is the largest home improvement…

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

Q: To give you a start, here is something you can compute and discuss among yourselves: Play-2-Win is…

A: As per the honor code, We are allowed to answer the first question since the exact one wasn’t…

Q: The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the…

A: Sales 1462000 Divide by Selling price per pair of skis 430 Units sold 3400     Beginning…

Q: 7.2. Calculate the annual depreciation at 16% per year over five years on new equipment which was…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: P10-53B Determine transfer price at a manufacturer under various scenarios (Learning Objective 4)…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.  Transfer…

Q: B, a resident citizen, received a statutory minimum wage of P250,000. He also earns P100,000 from…

A: A minimum wage earmer is exempt from the income tax. So, this P250,000 is exempted from the…

Q: Which of the following are service businesses? Choose all answers that are correct. car dealership…

A: A service business engage with offering intangible items to its customer . they prove the service…

Q: Astro Company sold 29,000 units of its only product and reported income of $37,800 for the current…

A: Contribution Margin Income Statement - Under this statement contribution is calculated by Sales -…

Q: Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income…

A: Working Notes:(1) 80% of the materials were direct(2) 70% direct labour; 30% indirect labour(3) 80%…

Q: ABC Corp adopted the ABC system. Data are as follows: Activity Set up Cost Driver No of Set ups No…

A: working notes: Setup cost = Budgeted Overhead x No .of setups / Budgeted setups…

Q: I need answers numbers for this. Merle Company pays $3,000 towards the amount due to the equipment…

A: a) When Equipment purchase on account then it means Assets increase and liabilities increase  But…

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: exceeded the units produced, then income under direct costing will be higher than absorption costing…

A: In throughput costing , only direct raw material is considered as a variable cost. It is the only…

Q: A local factory assembling calculators produces 400 units per month and wells them at P1,800 each.…

A: Break even point :— It is the point where total cost is equal to total revenue. It is the point…

Q: In connection with a lease of more than 12 months, the lessee always will record each of the…

A: Explanation: When lease is of more than 12 months, the lessee always will record Asset, expense and…

Q: Flexgen Corporation uses trucks to transport bottles from the warehouse to different retail outlets.…

A: The total cost of truck would be calculated as the total gasoline costs and insurance costs. The…

Q: Office Equipment Accumulated Depreciation- Office Equipment Store Equipment Accumulated…

A: Stockholder's equity refers to the owner's contribution to the business. It determines the balance…

Q: Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC…

A: EBIT stands for Earning before interest and tax refer to the earnings after deducting all the…

Q: After the accounts have been adjusted at June 30, the end of the fiscal year, the following balances…

A: Account Debit Credit Personal Accounts The Receiver The Giver Real Accounts What…

Q: Distinguish between a qualified opinion, an adverse opinion, and a disclaimer of opinion, and…

A: Audit opinion is the view of auditor on the financial statements of the client after careful…

Q: he divisions. The annual depreciation of the equipment is P6,400; and the annual cost to operate the…

A: Sunk cost are those cost that do not affect future business decisions. This is because of the nature…

Q: Clint M. Invests $30,000 into Merle Company. The Effect to Assets would be: Clint M. Invests $30,000…

A: The accounting equation is shown in the balance sheet of the company. It shows that the assets are…

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: Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three…

A: Formula used: Contribution margin ratio=Sales-Variable expensesSales×100 Break-even point in dollars…

Q: Lela makes boots for Belleville Factory. she is paid on the following differential pay scale: 1-50…

A: Calculation of pay scale. First 50 units = $1.65 x 50 units =$82.50 Next 100 units =$3.30 x 100…

Q: REQUIRED Study the information given below and calculate the Accounting Rate of Return on initial…

A: Investment - The purchase of an item with the intention of making a profit or a capital gain is…

Q: Burchard Company sold 45,000 units of its only product for $18.00 per unit this year. Manufacturing…

A: When a contribution margin income statement is prepared, the total variable costs are deducted…

Q: Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a…

A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…

Q: X Corp has budgeted sales (in units) for the upcoming quarter as follows: Jan is 15,000; Feb is…

A: Finished Goods Produced :— It is the number of completed units that is manufactured for the desired…

Q: X, a resident citizen, had the following income and expenses. Interest from savings deposit, BPI,…

A: Final Taxes] A final withholding tax of 20% is applied to some passive income from domestic sources,…

Q: P3.5A (LO 2, 3, 4) Financial Statement On November 1, 2020, the account balances of Hamm Equipment…

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

Q: castor borrowed today from Chuchu P100,000.00 and agreed to repay the loan with 3 equal monthly…

A: Time value of money :— According to this concept, the value of money in present day is greater than…

Q: Record the foreign exchange loss for the third quarter.

A: Foreign exchange loss is the loss which has been incurred to the company when the translation or the…

Q: Acquirer Shares Outstanding Target Shares Outstanding Acquirer Share Price Target Share Price Stock…

A: Answer: 1,081,633 Detailed Explanation Calculation of proforma number of shares outstanding    Share…

Q: On January 1st. ABC company had accounts receivables of $50.000 and Allowance

A: Journal is the book of prime entry as we first enter the transaction in the form…

Q: Big Sound Inc. manufactures two products: receivers and loudspeakers. The factory overhead incurred…

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