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Assignment 1
Accounting 356 V7
Shinyi Vallee ID 349186236
Question 1: Balanced score card
1.
Calculate operating income for Monster Trucks for both 2009 and 2010
2010
2009
Revenue
($45*4800;$42.50*3950)
216,000 167,875 Costs
Direct Material costs
($15*4800;$13*3950)
72,000 51,350 Direct labour hours
($10*2500; $10*2150)
25,000 21,500 Manufacturing conversion
costs
50,000 42,500 Selling and customer-service
costs
18,000 17,000 R&D costs
38,000 42,000 Total costs
203,000 174,350 Operating Income
13,000 (6,475)
2.
Is Monster Trucks pursuing a cost leadership or differentiation strategy? Support your answer.
Monster Truck is a cost leadership strategy, because there are many toy manufacturers company produce radio-controlled truck toys, which are not differentiated. To succeed, Monster must keep cost low in order to compete effectively in this industry
Assignment 1
Accounting 356 V7
Shinyi Vallee ID 349186236
3.
Develop a balanced scorecard for Monster Trucks
Objectives
Measures
calculations
Financial Perspectiv
e
increase in operating income by charging higher margins
$46*4800=220,800; increases pro
lower cost in direct material by looking for cheaper material with the same quality
$14*4800=67,200; decrease cost b
Customer Perspectiv
e
new customers, word of mouth if the product is cheap and with quality
customer satisfaction with quality customer services
customer retention with discount and special for existing customers
time to fulfill customer orders, customer may go to different manufacturer if Monster takes long ti
Internal Business Process Perspectiv
e
Manufacturing quality and safety; to avoid unnecessary recalls, and waste on scrapped product.
a timely delivery time will make current customers happy and come back in the future.
Development time for designing new machines and result in more toys made
Learning and Growth perspective
improvements in manufacturing process can help out development and research, supply parts instead of raw materials.
Improving employee education and skill levels can help more productive line and faster in comple
Assignment 1
Accounting 356 V7
Shinyi Vallee ID 349186236
Question 4.
Boston Pizza’s Five Forces Analysis (Porter’s Model)
Despite of its name – Boston, Boston Pizza was founded in Edmonton, Alberta by a Greek immigrant on August 12, 1964. As of December 2012, there are 348 Boston Pizza restaurants in Canada, and over 40 in the U.S. and Mexico. (Wikipedia, 2016)
This Five Forces analysis of Boston Pizza indicates that three forces from 'horizontal' competition: the threat of substitute products or services, the threat of established rivals, and the threat of new entrants; and two forces from 'vertical' competition: the bargaining power of suppliers and the bargaining power of customers.
Boston Pizza’s five Forces analysis, the focus is on the medium class food restaurant industry. Its
current success indicates that Boston Pizza remains effective in addressing these five forces and in overcoming related issues.
In summary, Boston Pizza’s Five Forces analysis yields the following intensities of the five forces:
1. Competitive rivalry or competition (strong force)
2. Bargaining power of buyers or customers (strong force)
3. Bargaining power of suppliers (low force)
4. Threat of substitutes or substitution (strong force)
5. Threat of new entrants or new entry (strong force)
Boston Pizza needs to prioritize the strong forces in order to stay strong in this saturated market.
The results of the Five Forces analysis shows that Boston Pizza’s needs to prioritize the issues related to competition, customers, substitutes and new entrants, all of which exert a strong force on the company. A possible course of action for Boston Pizza’s to address these issues is product
innovation. New Boston Pizza’s products can attract and keep more customers. Also, this Five Forces analysis shows that Boston Pizza’s can implement higher quality standards to address competition and substitution in this saturated market.
Competitive Rivalry or Competition with Boston Pizza’s (Strong Force)
Boston Pizza mainly serves medium class of the food, mainly specialty in pizzas and pasta. Boston Pizza’s faces tough competition because more and more restaurants serve pizzas and pastas. This element of the Five Forces analysis tackles the effect of competing firms in the industry environment. In Boston Pizza’s case, the strong force of competitive rivalry is based on the following external factors
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Related Questions
Summary Data for April
Support Department
Support Departments
Production Departments
Information
Research and
Technology
Travel Service
Analysis
Audit
Tax
Consulting
Total
IT: Number of employees
TS: Number of trips
9
5
15
120
150
110
409
15
12
10
120
160
520
837
RA: Number of requests
Costs to Allocate
15
10
4
125
120
280
554
$ 810,000.00 $125,000.00 $1,280,000.00 $
$
$
$2,215,000.00
Question
Answer
1. Which of the following is the closest approximation of the sales forecast's upper confidence
bound for the 1/1/2028 quarter?
2. Based on the graph and the breadth of the confidence intervals, which seems easier to
predict, sales or income before extraordinary items?
3. What is the sales forecast's upper confidence bound for the 10/1/2027 quarter?
4. What is the forecast lower confidence bound for the 4/1/2027 quarter?
5. What is the forecast for income before extraordinary items for Nintendo for the quarter starting
10/1/2027?
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Midterm Exam One / Midterm Exam One / ACCT2121 yasserg Spring21 / al yell
الوقت المتبقي 1:36:56
Company XYZ made total contribution margin of $600,000 and a net income of $110,000. The
company also made a total gross margin of $450,000. Assume that the variable selling and
?($) administrative expenses were $200,000, how much is the fixed manufacturing cost
350,000
340,000 b C
140,000
490,000 .dO
None of the given answers
e O
All of the following questions relate to the decision making function of management except
None of the given answers
a O
Future oriented .b O
Performance reports
.c O
BOlgeting
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Question17
Given the information shown below, what are the costs for the production labor category for the weekly sales estimate level of
$20,000?
Labor
Category
Management 10.0%
Service
% Cost
to
Production 15.0%
Sanitation
Total
Sales
Total
3.0%
3.0%
31.0%
Weekly Sales Estimate
$19,000 $20,000 $21,000
???
0,000.
Т.
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Question - Oman Environme
ps://www.classmarker.com/online-
Question 6 of 16
ABC Computers (January) Actual (OMR) Target (OMR)
277,350
Sales Turnover
325.000
Sales Tax (14%)
38,829
45,500
Net Turnover
238,521
279,500
Labor Costs
166.000
175,000
Other Costs
36.000
41.000
Gross Profit
36,521
63,500
If actual labor costs rise so as to halve their difference from the target, what will be the change in
actual Gross Profit?
O A) Falls by OMR 4,500
O B) Rises by OMR 4,500
O C) No overall effect
O D) Rises by OMR 9.000
Next
DOLL
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Activity-Based-Costing
Last month operating results:
A
$000
B
$000
C
$000
Total
$000
Sales
250.00
470.00
620.00
1,340.00
Direct costs:
Cost of goods sold
200.00
329.00
527.00
1,056.00
Indirect costs:
SG &A (20% of DC)
40.00
65.80
105.40
211.20
Operating Profit/(Loss)
10.00
75.20
(12.40)
72.80
Revised Operating profit
A
$000
B
$000
C
$000
Total
$000
Sales
250.00
470.00
620.00
1,340.00
Direct cost:
Cost of good sold
200.00
329.00
527.00
1,056.00
Indirect costs:
Shelf space costs
22.50
31.50
36.00
90.00
Handling costs
0
15.00
5.00
20.00
Coupon
3.00
0
12.00
15.00
Shrinkage
1.00
21.00
6.00
28.00
Other indirect costs
11.02
18.14
29.04
58.20
Total costs
237.52
414.64
615.04
1,267.20
Operating profits
(Sales-total cost)
(250.00-237.52)
12.48
(470.00-414.64)
55.36
(620.00-615.04)…
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Use the following information:
Department
Cost
Percentage Service Provided to
S1
S2
P1
P2
Service 1 (S1)
$ 118,000
0%
45%
35%
20%
Service 2 (S2)
50,000
20
0
20
60
Production 1 (P1)
405,000
Production 2 (P2)
276,000
Total
$ 849,000
a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.)
b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.)
Question 2.
The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products.
Product
Sales Value at Split-Off
Units at Split-Off
1
$ 227,500
680
2
87,500
1,020
3
35,000
1,700
$ 350,000
3,400
a. What percentage of joint cost is allocated to each of the three products using the…
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ZAD1
Sunshine Gardens overhead expenses are:
0.50
Indirect material pounds per unit
Indirect material cost per pound
Indirect labor hours
$
1.00
1.00
$ 16.50
Indirect labor rate per hour
Variable maintenance per unit
$ 0.75
$ 0.20
Variable utilities per unit
Supervisor salaries
$10,000
Maintenance salaries
$ 9,000
Insurance
$ 3,000
Depreciation
$ 1,500
Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare
a manufacturing overhead budget for each quarter.
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1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12
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Required Information
[The following information applies to the questions displayed below.]
Use the following information:
P1
P2
Department
Cost
Service 1 (51) $115,000
Service 2 (52)
47,000
Production 1
375,000
(P1)
Production 2
(P2)
Total
246,000
$783,000
Percentage Service
Provided to
S1
0%
S2 P1 P2
25% 30% 45%
20 60
20 0
What percentage of S1's costs is allocated to P1 and to P2 under the direct method?
Service
Department
1's Costs
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Vehicle Production Numbers
Model 3/Y
292,731
Model S/X
13,109
Total
305,840
Estimated Total Annual Overhead
$3,727,000,000
Possible Cost Driver Information
Amount for Model 3 in Q4 2021
Amount for Model S in Q4 2021
Estimated Total Annual Amount
Number of vehicles (units)
292,731
13,109
950,000
Direct labor hours
1,651,000
428,562
8,250,000
Number of machine hours
792,156
122,892
3,525,000
Factory square footage*
6,500,000
3,000,000
9,250,000
Number of setups
334,587
62,498
1,620,000
Number of inspections
6,425,896
1,825,694
33,150,000
Number of unique parts per vehicle*
7,400
8,800
8,750
Number of shipments
1,950
1,025
12,500
Number of engineering support calls
68,255
21,356
350,000
Number of parts
1,211,084,000
141,653,600
5,350,000,000
Number of engineering support hours
194,572
95,200
1,242,000
Number of unique…
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p.mheducation.com
05 6
Saved
Help S
Whirly Corporation's contribution format income statement for the most recent month is shown below
Sales (7,800 units)
Variable expenses
Total
$ 249,600
140,400
Per Unit
$ 32.00
18.00
Contribution margin
109,200
$14.00
Fixed expenses
55,600
$ 53,600
Net operating income
Required:
(Consider each case independently).
1. What would be the revised net operating income per month if the sales volume increases by 40 units?
2. What would be the revised net operating income per month if the sales volume decreases by 40 units?
3. What would be the revised net operating income per month if the sales volume is 6,800 units?
1. Revised net operating income
2. Revised net operating income
3 Revised net operating income
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content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis
75 Tumblers Sora per month
Sales Revenue
Less: Variable Expenses
Contribution Margin
Less: Fixed Expenses
Operating Income
Total
Per Unit
$ 2,250
$ 30
1,350
18
$ 900
$ 12
250
$ 650
In order to determine how much contribution margin is earned for each $1 of sales, what is the contribution
margin ratio on your tumbler sales? Round to the nearest whole number.
Select an option from the choices below and click Submit.
○ 29%
○ 40%
○ 250%
Submit
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PROBLEM 14: MMM Company started operations in 2019. The following data are abstracted
from the company's production and sales records:
2019
2020
2021
of units
Number
produced
Number of units sold
Unit production cost
116,250
108,750
P 4.50 P 5.20 P 5.80
900,000
120,000
75,000
101,250
97,500
Sales revenue
600,000
975,000
19. Using the FIFO cost flow assumption, the gross profit for the year ended December 31,
2021 is:
PROBLEM 15: The following quarterly cost data have been accumulated for New DDD
Manufacturing, Inc.:
Raw materials, 1/1/2022
Purchases of raw materials
10,000 units at P6.00
8,500 units at P7.00
11,000 units at P7.50
Raw materials transferred to
work in process
Work in process, 1/1/2022
Direct labor
Manufacturing overhead
Work in process, 3/31/2022
21,500 units
5,600 units at P13.50
P 250,000
325,000
4,200 units at P13.75
20. If New Dehi uses the FIFO method for valuing raw materials inventories, compute for the
cost of goods manufactured for the quarter ended March 31,…
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Required information
[The following information applies to the questions displayed below.]
Use the following information:
P1
P2
Department
Service 1 (51)
Service 2 (S2)
Production 1 (P1)
Production 2 (P2)
Total
Service
Department
1's Costs
Cost
$ 130,000
62,000
525,000
396,000
$ 1,113,000
1/3
1/3
Percentage Service
Provided to
S1
0%
20
52
25%
0
What percentage of S1's costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction
P1
30%
20
P2
45%
60
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TB MC Qu. 11-53 (Algo) Cordner Corporation has two production departments...
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows:
Proportion of Services Used by:
Department
Direct costs
S1
S2
P1
P2
S1
$
120,000
0.70
0.10
0.20
S2
$
133,000
0.20
0.30
0.50
P1
$
183,000
P2
$
176,000
Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:
Multiple Choice
$55,200.
$0.
$26,600.
$53,200.
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A
1 Original Data:
2
3
4
5
6
7
8
9
10
11
12 Part 1
13
14
15
16
Estimated MOH
Estimated DLHS
28
29
B
Selling price per unit
Direct materials per unit
Direct labour per unit
Direct labour-hours per unit
Estimated annual productio
POR:
17
18 Sales
19 Less product costs
20
21
22
23 Total product costs
24 Product margin
Direct materials
Direct labour
Manufacturing overhead
25 Units produced and sold:
26 Product margin per unit
27
$1,350,000
112,500
High Grade
$212.50
$83.50
$30.00
1.00
75,000
High Grade
D
Professional
$387.00
$212.00
$45.00
1.50
25,000
per DLHs
Professional
Total
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EstimatedFixedCost
EstimatedVariableCost(perunitsold)
Production costs:
Direct materials
$19
Direct labor
13
Factory overhead
$261,300
10
Selling expenses:
Sales salaries and commissions
54,300
4
Advertising
18,400
Travel
4,100
Miscellaneous selling expense
4,500
4
Administrative expenses:
Office and officers' salaries
53,100
Supplies
6,500
2
Miscellaneous administrative expense
6,040
2
Total
$408,240
$54
It is expected that 8,640 units will be sold at a price of $135 a unit. Maximum sales within the relevant range are 11,000 units.
Required:
Question Content Area
1. Prepare an estimated income statement for 20Y7.
Belmain Co.Estimated Income StatementFor the Year Ended December 31, 20Y7
$- Select -
Cost of goods sold:
$- Select -
- Select -
- Select -…
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Question 3
Ashale Botwe Ltd has the following cost and expense data for the year ending December 31,
2022.
Direct materials (GHC)
Work in process (GH¢)
Finished goods (GH¢)
Insurance factory
Property taxes on factory building
Materials purchases
Sales
Indirect materials
Delivery expenses
Sales commissions
Indirect labour
1/1/22
Factory machinery rent
Factory utilities
Direct labour
30,000
80,000
110,000
Other items of revenue and cost during the year are as follows:
(GHC)
31/12/22
20,000
50,000
120,000
Direct materials used
b) Total manufacturing cost
c) Statement of cost of goods manufactured
d) Prime cost
e) Conversion cost
f) Cost of goods available for sale
g) Cost of goods sold
h) Gross profit
i)
Period cost
j) Net income
14,000
6,000
205,000
1,500,000
15,000
100,000
150,000
90,000
40,000
ARI 65,000
350,000
24,000
35,000
300,000
Depreciation, factory building
Factory manager's salary
Administrative expenses
For the year 2022, you are required to compute the following:
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Question Completion Status:
QUESTION 7
Using the following information, calculate the monthly net profit
Sales for the month
Food costs
73,904
25% of Sales
Labor costs
45% of Sales
Rent and Insurance
$1500/month
Supplies
$2217/month
Other expenses
$3791/month
OA. $51,733
O B. $22,171
O C. $7508
OD. $14,663
QUESTION 8
Calculate the profit margin from the last problem
O A. 17.5%
OB. 19.84%
OC. 18.29%
Click Save and Submit to save and submit. Click Save All Answers to save all answers
OD.22.22%
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Data table
1. Number of jobs billed
2. Selling price per job
3. Engineering labor-hours
4. Cost per engineering labor-hour
5. Engineering support capacity (number of jobs the firm can do)
6. Total cost of engineering support (space rent, equipment, etc.)
7. Engineering support-capacity cost per job
$
$
$
2019
300
3,400 $
26,000
32 $
650
175,500 $
270 $
2020
600
3,000
28,000
33
650
182,000
280
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<
Revenues
Cost of goods sold
Gross profit
Gross profit as a percent of sales
Customer 1
$130,000
Customer 2
000 $210,000
(113,400)
$96,600
(81,900)
$48,100
Activity Base
Number of bid requests
Number of shipments
Number of standard items ordered
Number of nonstandard items ordered
Revenues
37%
The administrative records indicated that the activity-base usage quantities for each customer were as follows:
15
25
46%
20
Customer 1 Customer 2 Customer 3
6
40
Customer 3
55
35
$180,000
(90,000)
$90,000
65
50%
60
50
52
85
a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross
profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer.
Round percentages to the nearest whole percent.
Metroid Electric
Customer Profitability Report
For the Year Ended December 31, 20Y8
Customer 1…
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G 1. Compute the companys deg X
Connect
tent
A https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&l
Saved
napter 05
Hudson Co. reports the contribution margin income statement for 2019.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2019
Sales (9,600 units at $225 each)
Variable costs (9,600 units at $180 each)
Contribution margin
Fixed costs
$2,160,000
1,728,000
$432,000
324,000
Pretax income
$
108,000
1. Compute the company's degree of operating leverage for 2019.
2. If sales decrease by 5% in 2020, what will be the company's pretax income?
3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Compute the company's degree of operating leverage for 2019.
Degree of operating leverage
3.0
ост
20
W
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Assume Digby Corp. is downsizing the size of their workdorce by 10% (to the nearest porson) next year from various strategic initiativos Digby is planning to conduct exit
interviews to learn more about how they can improve in processes and increase productivity. The exit intervows are estimated to cost $100 por omployee in additional to normal
separation costs of $5000 How much will the company pay in separation costs f those eot interviews are implomented next year?
Soloct: 1
Submit Answer
OSisa 100
OS1.422.300
Ossas.000
O s6s, 100
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Sales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing overhead is $120,500; and cost of goods sold before adjustment is $380,300. What is the actual gross profit?
Question 47 options:
$224,900
$320,000
$370,800
$345,400
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PROBLEM 14: MMM Company started operations in 2019. The following data are abstractedfrom the company’s production and sales records:
2019 2020 2021
Number of units
produced 120,000 116,250 101,250
Number of units sold 75,000 108,750 97,500
Unit production cost P 4.50 P 5.20 P 5.80
Sales revenue 600,000 900,000 975,000
Using the FIFO cost flow assumption, the gross profit for the year ended December 31, 2021 is:
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Sales 60,000
ACquestion
Variable Overheads. 36,0000
Contribution 1,15,000
Fixed Overheads Profit 86400
Find out Profit-Volume Ratio and Break-even-point...
( Handwriting solution not required...)
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Percentage Service Provided to Department Cost S1 S2 P1 P2 Service 1 (S1) $ 122,000 0 % 40 % 40 % 20 % Service 2 (S2) 54,000 25 0 25 50 Production 1 (P1) 445,000 Production 2 (P2) 316,000 Total $ 937,000 What percentage of S1’s costs is allocated to P1 and to P2 under the direct method?
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ord Applicati... WP WileyPLUS B Bloomberg for Edu...
02:40:21
Mc
Graw
Hill
x
9
Mango Company applies overhead based on direct labor costs. For the current year, Mango
Company estimated total overhead costs to be $300,000, and direct labor costs to be $150,000.
Actual overhead costs for the year totaled $330,000, and actual direct labor costs totaled $170,000.
At year-end, the balance in the Factory Overhead account is a:
F1
Multiple Choice
$330,000 Debit balance.
$170,000 Debit balance.
$10,000 Credit balance.
$340,000 Credit balance.
F2
< Prev
Saved
F3
39 of 50
ㅊ
DII
F4
Frontline - Sign In R myRutgers Portal
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Next
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F5
Save & Exit
DOLL
Submit
O
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Q – 5:
Bettina Company incurs the following costs to produce and sell a single product.
Variable costs per unit:
Direct materials $15
Direct labor$7.5
Variable manufacturing overhead$3
Variable selling and administrative expenses$6
Fixed costs per year:
Fixed manufacturing overhead . . . . . . . . . . . . . . . . . $45,000
Fixed selling and administrative expenses . . . . . . . $150,000
During the last year, 15,000 units were produced and 12,500 units were sold. The Finished Goods inventory account at the end of the year shows a balance of $63,750 for the 2,500 unsold units.
Required:
1. Is the company using absorption costing or variable costing to cost units in the Finished Goods inventory account? Show computations to support your answer.
2. Assume that the company wishes to prepare financial statements for the year to issue to its stockholders.
a. Is the $63,750 figure for Finished Goods inventory the correct amount to use on these…
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Question Content Area
At the end of the year, overhead applied was $3,772,000. Actual overhead was $3,472,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to
a. decrease by $300,000
b. increase by $300,000
c. decrease by $600,000
d. increase by $600,000
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Carnage outwards
Debtors and Creditors
Cash
Lighting
Factory power
Sivar
Trial balance as on 31 December 2010
Dr
Administration salaries
Sales rep's salaries
Commission on sales
$
2.950
Drawings
Capital as at 1.1.2010
Wages (direct 80,000, factory indirect $72,500) 162,500
Royalties
Camage inwards (un raw materials)
Purchases of raw materials
Inventory of raw materials 1.1.2010
inventory of finished goods 1 1 2010
Work in progress 1.1.2010
Productive machinery (cost $140,000)
Accounting machinery (cost €10.000)
General factory expenses
Rent
Insurance
General administration expenses
Bank charges
Discounts allowed
28,400
71,150
750
10,000
3.500
1,750
185,000
10,500
19.450
6.750
115,000
6,000
15.500
3,750
6,850
22,000
15,000
5,750
6,000
2,100
6,700
1.150
2,400
710,900
Cr
t
500,000
62,500
148.400
710,900
Additional information
inventory of raw materials 12.000, inventory of finished goods $20.000
work in progress $7,500
Lighting, rent and insurance are to be apportioned factory 5/6,…
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ACCOunting 2207LUL
Dashboard/ My courses / BUSS 104-2-20202
/MAKE UP TEST on 6th May 2021 FROM 11 TO 12 NOON (course all Chapters of testend test 2)
/ Makeup Test (06-05-2021 from 11:00 to 12: Noon)
Question
7.
Total Labour Cost is 315000 OMR. Tota Dabour fixed cost is 50000 OMR.
Not vet
Calculate Total labour Variable cost
answered
Marked out of
Select one:
2.00
a. 165000 OMR
P Flag question
b. 105000 OMR
C265000 OMR
50000 OMR
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Natal Company provided the following information:
Pro
Problem 10-2 (IAA)
1,400,000
200,000
650,000
60,000
150,000
2,000,000
Sum
beg
of 9
yea
Materiale
Advance for materials ordered
Goods in process
Unexpired insurance on inventories
Advertising catalogs and ehipping cartona
Finished gooda in factory
Finished goods in company-owned retail store,
including 50% profit on cost
Pinished goods in hands of consignees including
40% profit on sales
Finished goods in tranait to customers, shipped FOB
deatination at cost
Finished gooda out on approval, at cost
Unsalable fininhed gooda, at cost
Office supplies
Materials in transit shipped FOB nhipping point,
excluding freight of P30,000
Goods held on consignment, at sales price, cost P150,000
1.
2.
750,000
3.
4.
400,000
250,000
100,000
50,000
40,000
330,000
200,000
Required:
Compute the correct amount of inventory.
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