E. The following information relates to Wal-Mart Corporation for the past accounting periodCostDirectCenterCostProportion of Services used by:S1S2S3P1P2P3S1P120,00080,000.10.3025.20.15S2.2040.20.20S345,00078,00099,00045,000.60.35.05P1P2P323. What amount will be allocated by S1 to S2 under direct method?24. What amount will be allocated by S2 to P2 under direct method?25. How much is the total overhead costs in P3 after the allocation underdirect method?26. Under the step method which department will allocate its direct cost first?27. Under the step method which department will allocate its direct cost last?28. Using the algebraic method, how much is the total costs to be allocated byS1 to all departments?29. Using algebraic method, how much is the cost to be allocated by S3 to S2?30. What is the total cost to be allocated by the servicing departments toproducing departments?

E. The following information relates to Wal-Mart Corporation for the past accounting period Cost Direct Center Cost Proportion of Services used by: s1 S2 S3 P1 P2 P3 s1 P120,000 .10 .30 .25 .20 .15 S2 80,000 .20 .40 .20 .20 S3 .60 45,000 78,000 99,000 45,000 .35 .05 P1 P2 P3 _23. What amount will be allocated by S1 to S2 under direct method? 24. What amount will be allocated by S2 to P2 under direct method? 25. How much is the total overhead costs in P3 after the allocation under direct method?

E. The following information relates to Wal-Mart Corporation for the past accounting period Cost Direct Center Cost Proportion of Services used by: s1 S2 S3 P1 P2 P3 s1 P120,000 .10 .30 .25 .20 .15 S2 80,000 .20 .40 .20 .20 S3 .60 45,000 78,000 99,000 45,000 .35 .05 P1 P2 P3 _23. What amount will be allocated by S1 to S2 under direct method? 24. What amount will be allocated by S2 to P2 under direct method? 25. How much is the total overhead costs in P3 after the allocation under direct method?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.4P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales. Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments. Plant assets, net Total assets Liabilities and Equity Current liabilities KORBIN COMPANY Comparative Balance Sheets 2020 2021 $548,688 $ 420,340 330,310 263,974 218,378 156,366 77,914 58,007 49,382 36,990 127,296 94,997 91,082 61,369 16,941 12,581 $ 74,141 $ 48,788 Common stock Other paid-in capital Retained earnings Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income December 31 2021 $ 62,574 % 0 % $ 41,881 $ 55,985 1,200 3,920 114,438 103,962 61,920 $177,012 $ 147,043 $ 121,825 $ 25,844 65,000 8,125…
A moodle1.du.edu.om P Flag question Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Receivables Turnover ratio? Average Receivables 15,000 Sales 77,000 Gross Profit 30,000 Non-current Assets 80,000 Sales returns 2,000 Shareholders' Equity 65,000 Select one: а. 3.33 O b. 0.20 c. 5.13 O d. 5 Previous page Next page II
Using these data from the comparative balance sheets of Bonita Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) Accounts receivable (net) Inventory Total assets Amount $435.960 December 31, 2022 December 31, 2021 $422,800 720.720 2.520,000 $435.960 December 31, 2022 720.720 2,520.000 Percentage 624,400 2,800,000 Amount $422,800 624,400 2.800,000 December 31, 2021 Percentage % 8
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