Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per Car per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Washed $ 0.50 $ 1,000 $ 0.06 $ 0.10 $ 4,600 $ 0.20 $ 8,400 $ 2,000 $ 1,500 $ 0.01 For example, electricity costs are $1,000 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Budgeted cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0
Q: Question 10: Fluid Saturation Concept If a rock's porosity is 20%, and it is saturated such that 75%…
A: Approach to solving the question: To calculate the water saturation (Sw) and the hydrocarbon…
Q: The balanced scorecard focuses on lagging indicators such as actual sales volume rather than…
A: Step 1: The statement is false because the balanced scorecard (BSC) framework actually emphasizes…
Q: Equipment was acquired at the beginning of the year at a cost of $800,000. The equipment was…
A: a) Depreciation, First Year= cost of equipment x (2/10)= 800,000 x 20%= 160,000 Therefore, the…
Q: please provide question 1 and 2 answer
A: Q4):- Gross Profit is the revenue left over after deducting the cost of goods sold (COGS). It's…
Q: Give Correct answer without fail
A: Blackstone Incorporated: Factory Overheada. Journal Entry to Record Factory Overhead AppliedWork in…
Q: Using Microsoft Office / Excel 365 STOCKHISTORY and FORECASTING functions available, prepare a line…
A: To accomplish this task using Microsoft Excel 365, you can follow these steps: 1. Get Historical…
Q: Cannington Inc. designs, manufactures, and markets personal computers and related software.…
A: Requirement ALine Item DescriptionCurrent YearPreceding YearCost: Land and buildings$ 632,810$…
Q: Wilcox's days payable outstanding is: Wilcox Corporation Balance Sheet Accounts Cash $25 $85 Payable…
A: Days Payable Outstanding (DPO) is a financial ratio that indicates the average time (in days) that a…
Q: Domestic
A: The preparation of a depreciation schedule for Pell Corporation involves calculating the…
Q: provide correct option
A: Step 1: The Gross Profit is calculated as follows:- Gross Profit = Net sales - Cost of goods sold…
Q: am.111.
A: We start with the sales. Simply multiply the units sold by the selling price per unit.Units…
Q: a. What are the budgeted operating profits in each division for year 1 after the corporate costs are…
A: Step 1: Step 2: Step 3: Step 4:
Q: None
A: Actual overhead = 219,600Budgeted variable overhead costs = (24,400 hours x $7.45) + 42,900 =…
Q: Vikram
A: Detailed explanation:To determine the amount of Allowance for Doubtful Account on 12/31/25, multiply…
Q: Answer please
A: For Question 1:To determine the unit selling price with a markup of 150% of its variable production…
Q: What is the purpose of the statement of cash flows? a. To provide information about a company's…
A: The correct answer is b. To report the cash inflows and outflows from operating, investing, and…
Q: No chatgpt used pls i will dislike What is the primary function of an investment bank? A)…
A: One kind of financial institution is known as an investment bank. Investment banks provide…
Q: During Its first year of operations, Eastern Data Links Corporation entered into the following…
A: kindly leave a rating :)
Q: How much would be the tax credit if the amount of donation is $2,500 in 2023? Taxable income is…
A: Step 1: Identify what is the marginal tax bracket of the taxable income $80,000. (I searched the…
Q: If I turn 65 in January 2025 can I contribute the maximum amount to my hsa in 2024?
A: Health Savings Account (HSA): An HSA is a tax-advantaged savings account available to individuals…
Q: Domestic
A: Step 1:initial cost of the project is $2,921.The annual savings from the project are $560 for 10…
Q: Cullumber Company manufactures basketballs. The first step is the production of internal rubber…
A: Step 1:Equivalent Units of Production, according to the International Accounting Standards (IAS),…
Q: For each of the following three independent cases of employee fraud, recommend how to prevent…
A: Case A (Abnormal Inventory Shrinkage):Establish stringent inventory management controls: Use RFID…
Q: Vishnu
A: 1. Calculate the Cost of Making Internally:Direct material cost: 79,000 units×$7/unit=$553,000Direct…
Q: provide answer pls
A: Step 1: The following information are common for each method, Beginning Inventory80 units @ $57…
Q: Measuring How Advertising Generates Sales (Marketing Analytics) i A B C D 1 Lemony Lift Sales Data 2…
A: To expand on the explanation provided earlier and delve into the intricacies of marketing analytics,…
Q: please provide all answer of required
A: Step 1: a. The journal entry to record the factory overhead applied.DateAccount…
Q: Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a…
A: Step 1: To compute the unit product cost for one gamelan using absorption costing and variable…
Q: f Sunland suddenly finds an opportunity to rent out the unused capacity of its factory for $77,600…
A: renting out the unused factory space for $77,600 peryear increases Sunland's net income by this…
Q: None
A: AccountsTrial BalanceAdjustmentsAdjustedTrial BalanceRemarks Debit Credit Debit Credit Debit…
Q: Dineshbhai
A: Requirement AStep 1: Compute the sales of the special offer Selling price per unit of special offer…
Q: Which of the follow is an advantage of decentralization? Group of answer choices Decision made by…
A: Among the options provided, the advantage of decentralization is best exemplified by the ability of…
Q: Using the weighted average method, you are provided the following information: Beginning WIP 500…
A: Beginning Work in Process (WIP):In this scenario, we start with 500 units in beginning WIP.These…
Q: Copr., Goed GreenWay is considering investing in a new machine to provide a new residential cleaning…
A: Calculate the total present value of cash flows:Total PV = PV of cash flows + Present value of…
Q: ! Required information [The following information applies to the questions displayed below.] AMP…
A: b. Maximum total depreciation (including §179 expense)To calculate the maximum total depreciation…
Q: Marisol's Sunglass Company's western territory's forecasted income statement for the upcoming year…
A: The question asks for the change in Marisol's Sunglass Company's forecasted operating income if the…
Q: ! Required information [The following information applies to the questions displayed below.] Hudson…
A: 1. Compute the contribution margin ratio first.CMR = CM / SalesCMR = 756,000 / 3,024,000CMR = 0.25…
Q: 15. Once the break-even point is reached, which of the following statements is true? A. The total…
A: Option a: This option is incorrect because at the breakeven point, the total fixed costs = the total…
Q: Inventory Errors Assume that in year 1, the ending merchandise inventory is overstated by $50,000.…
A: Step 1:Year 1:Ending inventory has direct relationship between income. If ending inventory is higher…
Q: City Annual Fixed Charge ($1,000s) $276 1. Atlanta 2. Charlotte 253 3. Cincinnati 394 4. Cleveland…
A: The decision-making process involved in determining the optimal placement of distribution centers…
Q: Determine the costs to be assigned to the units transferred out and the units in the ending work in…
A: Step 1: Determine Components of Ending Work-in-Process InventoryThe cost of unfinished material in…
Q: Analyzing Pension Gain/Loss Spears Company presents the following information related to its pension…
A: Analyzing Pension Gain/Loss for Spears Companya. Amortization of Accumulated OCI-Pension…
Q: The following data relates to Campus Goods Inc:  Required: Based on the above data determine the…
A: 8C. Operating Expenses:We cannot determine the Operating Expenses with the provided data. Operating…
Q: None
A: Answer information:Step 1:Applied Materials Comprehensive Analysis case using the Financial…
Q: b. GDP = 6,200 Tax collections = 1,525 Government transfers and interest payments = 400 Consumption…
A: Gross Domestic Product (GDP): GDP is the total value of all final goods and services produced within…
Q: ாண ง Tamarisk Inc. issues 8,300 shares of $100 par value preferred stock for cash at $108 per share.…
A: Prepare the journal entry to record the issuance of the preferred stock using Excel as…
Q: Please solve this. Don't use Chatgpt please
A: BLOSSOM COMPANY STATEMENT OF CASH FLOWSFor the Year Ended December 31, 2025 (Indirect Method)Cash…
Q: Rahul
A: Part 2: Explanation:Step 1: Compute the activity rate for each activity cost pool: To calculate the…
Q: Taking Flight Corporation designs and produces a line of golf equipment and golf apparel. Taking…
A: On March 1, 2024, Taking Flight Corporation issued 58,000 additional shares of $1 par value common…
Q: Sales and production budgets Bowser Inc. manufactures two models of speakers, Rumble and Thunder.…
A: Detailed explanation:a.Sales budget is a forecast of the volume of units the company expects to sell…
am.222.
Step by step
Solved in 2 steps
- Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these costs as fixed or variable costs and as product or period costs. Lumber used to construct decks ($12.00 per square foot) Carpenter labor used to construct decks ($10 per hour) Construction supervisor salary ($45,000 per year) Depreciation on tools and equipment ($6,000 per year) Selling and administrative expenses ($35,000 per year) Rent on corporate office space ($34,000 per year) Nails, glue, and other materials required to construct deck (varies per job)Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Required: 1. Calculate the prime cost per cleaning. 2. Calculate the conversion cost per cleaning. 3. Calculate the total variable cost per cleaning. 4. Calculate the total service cost per cleaning. 5. What if rent on the office that Jean and Tom use to run HHH increased by 1,500? Explain the impact on the following: a. Prime cost per cleaning b. Conversion cost per cleaning c. Total variable cost per cleaning d. Total service cost per cleaningLavage Rapide is a Canadian company that owns and operates a large automatic carwash facility nearMontreal. The following table provides data concerning the company’s costs:Fixed Cost Cost per Carper Month WashedCleaning supplies ...................... $0.80Electricity .................................. $1,200 $0.15Maintenance ............................ $0.20Wages and salaries ................. $5,000 $0.30Depreciation .............................. $6,000Rent .......................................... $8,000Administrative expenses .......... $4,000 $0.10For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects towash 9,000 cars in August and to collect an average of $4.90 per car washed.Required:Prepare the company’s planning budget for August.
- Jake's Roof Repair provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies Equipment depreciation $ 21,200 $ 15.00 $ 7.10 $ 2,770 $ 0.45 Truck operating expenses Rent $ 5,720 $ 1.60 $ 4,640 $ 3,880 $ 0.50 Administrative expenses For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May but actually worked 2,700 repair-hours. The company expects its sales to be $54.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values. Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expenses Net…Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. A. Wood used to produce desks ($125.00 per desk) B. Production labor used to produce desks ($15 per hour) C. Production supervisor salary ($45,000 per year) D. Depreciation on factory equipment ($60,000 per year) E. Selling and administrative expenses ($45,000 per year) F. Rent on corporate office ($44,000 per year) G. Nails, glue, and other materials required to produce desks (varies per desk) H. Utilities expenses for production facility I. Sales staff commission (5% of gross sales)I b) Refer to the following data: Direct material used $180 000 Advertising costs $ 5 000 Indirect labour $ 8 000 Rent on corporate office $ 20 000 Depreciation on factory equipment $ 60 000 Direct labour $ 30 000 Factory cleaners wages $ 20 000 Indirect materials $ 35 000 Required (show your workings for each question): Determine each of the following costs: (list the costs under each cost category when calculating the answer). Period costs
- King's Appliance Shop operates retail stores that sell appliances. The cost objects are the individual sales of a given type of appliance and sales support. In July, the following costs were recorded for refrigerators: Professional sales staff commissions Amortization on office space Selling supplies Office staff expenses Customer relations Training expenses Utilities $84,000 4,000 6,400 24,800 8,600 6,000 1,400 Required: a. Which of the costs will be subject to direct cost tracing? b. What is the total cost for refrigerators? c. What is the total cost of the Sales Support for refrigerators?Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow: Resources used Operation Maintenance Resources supplied Operation Maintenance Sales revenue from truck repair totaled $32,000. Required A Required B Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Prepare a traditional income statement. Truck repair sales Operation costs Maintenance costs Cost Driver Rate $6.00 per lift-hour $4.50 per job Complete this question by entering your answers in the tabs below. $ 18,000 $ 2,700 Traditional Income Statement Required A Required B b. Prepare an activity-based income statement. Truck repair sales Costs Prepare an activity-based income statement. Volume related - Operation Batch related Maintenance Total costs Truck repair operating profits Complete this question by entering your answers in the tabs below. Activity-Based Income Statement Resources Used $ 0 Unused Resource…Understanding the assignment manufactures computer chips. It incurs the following costs in manufacturing chips and in operating the sts is mpora. sider a company that company. 1. Plastic board used to mount the chip, $3.50 each. 2. Assembly worker pay of $15 per hour to attach chips to plastic board. 3. Salary for factory maintenance workers who maintain factory equipment. 4. Factory supervisor pay of $55,000 per year to supervise employees. 5. Salary paid to the chief financial officer, $95,000. 6. Advertising costs of $7,800 paid to promote ploducts. 7. Salespersons' commissions of S0.50 for each assembled chip sold. 8. Management has the option to rent the manufacturing plant to six local hospitals to store medical records instead of producing and assembling chips. 9. Real estate taxes paid on the factory, $14,500 Classify cach cost in the following table according to the categories listed in the table header. A cost can be classified under more than one category. For example, the…
- b) Refer to the following data: Direct material used $180 000 Advertising costs $ 5 000 Indirect labour $ 8 000 Rent on corporate office $ 20 000 Depreciation on factory equipment $ 60 000 Direct labour $ 30 000 Factory cleaners wages $ 20 000 Indirect materials $ 35 000 Required (show your workings for each question): Determine each of the following costs: (list the costs under each cost category when calculating the answer). Product costsConsider the following costs: £ Production supervisor’s salary 34,000 Direct materials 27,000 Selling expenses 16,000 Indirect materials 22,000 Depreciation of factory equipment 25,000 Direct labour 23,000 Utilities for factory 9,000 Administrative expenses 21,000 What is the total amount of manufacturing overhead? a. £89,000 b. £68,000 c. £90,000 d. £140,000Accounting Alta Ltd. is manufacturing three products : A, B and C. The costs of manufacture are as follows Fixed costs of Alta Ltd. is $15,000. Calculate profit and do a CVP Analysis for Alta Ltd. Products Raw Material Labour Overheads Sales A 16,000 14,000 10,000 60,000 B 20,000 17,000 12,000 70,000 C 26,000 18,000 14,000 80,000