April Manufacturing costs* $156,800 $195,200 $217,600 May June Insurance expense** 1,000 1,000 1,000 Depreciation expense 2,000 2,000 2,000 Property tax expense*** 500 500 500
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Calculate each expense type in detail
![April
May
June
Manufacturing costs*
$156,800 $195,200 $217,600
Insurance expense**
1,000
1,000
1,000
Depreciation expense 2,000
2,000
2,000
Property tax expense*** 500
500
500
*Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the
following month.
**Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the
quarter (i.e., January, April, July, and October).
***Property tax is paid once a year in November.
The cash payments expected for Finch Company in the month of April are
Group of answer choices
$120,600
$123,100
$121,100
$122,600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7dfce9c3-dccb-46df-8847-919ea2ef519a%2F16ebff24-31eb-41e1-8c3a-bc23e3c6a2f1%2Fkuuv9b_processed.png&w=3840&q=75)
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- Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: May $198,000 April $156,000 a. $49,500 b. $252,000 c. $202,500 d. $153,000 Manufacturing costs* Insurance expense** Depreciation expense Property tax expense*** *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $900 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***Property tax is paid once a year in November. The cash payments for Finch Company expected in the month of June are 900 1,850 500 900 1,850 June 500 $204,000 900 1,850 500 Previous NextFinch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May $158,900 $194,300 a. $122,145 b. $158,900 c. $140,523 d. $119,175 Manufacturing costs* Insurance expense** Depreciation expense Property tax expense*** *Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $990 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are 990 1,940 460 990 1,940 June 460 $208,700 990 1,940 460Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs* $159,300 $195,800 $203,600 Insurance expense** 1,140 1,140 1,140 Depreciation expense 1,820 1,820 1,820 Property tax expense*** 500 500 500 * Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.**Insurance expense is $1,140 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are a.$122,895 b.$119,475 c.$159,300 d.$141,098
- Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs* $156,800 $195,200 $217,600 Insurance expense** 1,000 1,000 1,000 Depreciation expense 2,000 2,000 2,000 Property tax expense*** 500 500 500 *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October).***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are Group of answer choices $120,600 $123,100 $121,100 $122,600Dunaway Company reports the following costs for the year: How much are Dunaway’s period Costs? $250,000 $270 000 $345,000 $175,000Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $157,000 $198,000 $204,000 Insurance expense (2) 1,040 1,040 1,040 Depreciation expense 2,130 2,130 2,130 Property tax expense (3) 450 450 450 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.(2) Insurance expense is $1,040 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).(3) Property tax is paid once a year in November.The cash payments for Finch Company expected in the month of June are a.$49,500 b.$252,000 c.$153,000 d.$202,500
- Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $159,700 $196,100 $203,300 Insurance expense (2) 1,160 1,160 1,160 Depreciation expense 1,890 1,890 1,890 Property tax expense (3) 450 450 450 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.(2) Insurance expense is $1,160 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).(3) Property tax is paid once a year in November.The cash payments expected for Finch Company in the month of April are a.$119,775 b.$141,478 c.$123,255 d.$159,700REQUIRED: Calculate the company's total contribution margin last month. a. P924,000 b. P392,000 c. P882,000 d. P1,274,000e. $414,000 Company XYZ made total sales of $250,000 during the month of December. The company also incurred total expenses of $210,000. Of that amount 60% was fixed expenses. Company XYZ expects sales to increase by 13% next month. What is the expected operating profit, in ($) value, next month? Select one: O a. 61,580 O b. 45,200 O c. 40,000 O d. None of the given answers e. 166,000
- Solaris Corporation prepared the following estimates for the four quarters of the current year: Second Quarter Third Quarter $ 2,100,000 600,000 210,000 Sales Cost of goods sold Administrative costs Advertising costs Executive bonuses Provision for bad debts Annual maintenance costs. Additional Information First Quarter $1,500,000 450,000 350,000 0 0 0 80,000 $ 1,800,000 530,000 205,000 180,000 0 0 0 0 0 0 0 Fourth Quarter $ 2,400,000 650,000 220,000 0 92,000 72,000 0 • First-quarter administrative costs include the $200,000 annual insurance premium. Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire year. • No special items affect income during the year. • The company estimates an effective income tax rate for the year of 25 percent. a. Assuming that actual results do not vary from the estimates provided, determine the amount of net income to be reported each quarter of the current year. b. Assume that actual…Solaris Corporation prepared the following estimates for the four quarters of the current year: Second Quarter Fourth Quarter Third Quarter 2,100,000 600,000 $ 2,400,000 $ 1,800,000 530,000 205,000 210,000 180,000 Sales Cost of goods sold Administrative costs Advertising costs Executive bonuses Provision for bad debts Annual maintenance costs. Additional Information First Quarter $ 1,500,000 450,000 350,000 0 0 0 80,000 0 0 0 $ 0 0 0 0 650,000 220,000 92,000 72,000 0 • First-quarter administrative costs include the $200,000 annual insurance premium. • Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire year. No special items affect income during the year. • The company estimates an effective income tax rate for the year of 25 percent. a. Assuming that actual results do not vary from the estimates provided, determine the amount of net income to be reported each quarter of the current year. b. Assume that actual…Find the production cost for 3 years, considering the given data: a. Material Cost -21,000.00 b. Labor Cost - 3,000.00 c. Overhead Expenses - 14,000.00 Assume 5% increase in all cost/ expenses every year. Cost/ Expenses Year 1 Year 2 Production Cost Year 3
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