Sales volume per annum Unit selling price Production cost per unit: Direct materials Direct labor Variable factory overhead Fixed factory overhead (P25,000/20,000 units) Variable operating expense per unit P1.00 25,000 un P10.00 P3.50 2.50 2.00 1.25
Q: What is the approximate annual cost of foregoing the cash discount if the credit term is 2/15, net…
A: Cash discount is one of the type of discount which is given to customers in order to influence them…
Q: You purchased a $1,000 bond with a coupon rate of 8 % on January 1, 2021 for $910. On the same date…
A: Answer:- Meaning of bond:- Bonds are corporate debt units that are securitized as assets which are…
Q: Give a brief report on the financial position of the company based on the above figures.
A: Financial Statement - Financial statements include information about the financial activity and…
Q: Big Company consigned 1,000 units of ordinary printer, costing P700 each to a consignee to be sold…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL)…
A: Taxable Income: $100,000 NOL Carryover: $90,000 Amount of tax in 2020: ? Amount of NOL carryover in…
Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…
A: PMT means periodic payments made of inflows and outflows at each period. It can be present value or…
Q: tes The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its…
A: Working Note :— Contribution = Selling price per unit - Variable Cost per unit Direct materials…
Q: rest Components makes aircraft parts. The following transactions occurred in July. Purchased…
A: Answer : a. Prepare Journal entries b. Prepare T account
Q: What is the equivalent production units of materials? What is the equivalent production units of…
A: Inventory refers to the stock that is held by the company or is not sold yet which is expected to be…
Q: Marine Components produces parts for airplanes and ships. The parts are produced to specification by…
A: A predefined overhead rate appears to be a rate used to allocate expected manufacturing costs…
Q: Which of the following statements is correct? Question 1 options: a Some intangible assets have…
A: Intangible Assets: These are the assets that do not have any physical presence in real but have…
Q: On January 1, 2019, Sunshine Company sells office furniture. The office furniture originally cost…
A: a) Date Account Debit Credit 01 Jan 2019 Cash $15,000…
Q: On May 1, 2021, Equipment with a Cost of $50,000 and Accumulated Depreciation of $40,000 is…
A: Depreciation is being charged on cost of fixed assets in order to show reduction or decrease in…
Q: Select the best answer for the question 12. What account will be debited to record an accounts…
A: The account receivable accounts represents a promise made by an external company to pay for goods or…
Q: Accounting BECA Convenience Store LTD. Post-Closing Trial Balance December 31, 2020 Debit…
A: Statement of Financial Position The most complete snapshot of a company's financial status is…
Q: What is the financial analysis of each year?
A: It is given in the question only the liquidity ratios and on that basis only the financial analysis…
Q: Strickland Industries purchased a 30% interest in Spartan, Inc. for P600,000. Spartan, Inc. has…
A: Investments is one of the important asset of the business. It can be by purchasing shares, bonds or…
Q: The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Income Statement…
A: Current ratio is the measure that helps in knowing the liquidity position of the entity. It is the…
Q: Garcia Company issues 12.0%, 15-year bonds with a par value of $460,000 and semiannual interest…
A: A bond is a loan taken by a company on which a specific percentage of interest has to be paid over a…
Q: Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments…
A: Purchase Journal - Purchase Journal is a form of table used to record all the purchases made on…
Q: Make-or-Buy Decision Fremont Computer Company has been purchasing carrying cases for its portable…
A: The alternatives available to business can be compared on the basis of costs incurred for both…
Q: 14 4
A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Refer to the following selected financial information from Texas Electronics. Compute the company's…
A: The ratio analysis helps to analyze the financial statements of the business. The current ratio is…
Q: Which of the following statements is true? Question 2 options: a The capitalizable costs of…
A: At the time of acquisition of intangible assets, all incidental costs are capitalised that are…
Q: Blue Whale Moving and Storage recently purchased a warehouse building in Santiago. The manager has…
A:
Q: Company expects direct $4 per unit for 100000 hits (a total of $400000 of direct materials costs).…
A: The standard direct materials cost is calculated in per unit cost form and budgeted direct materials…
Q: Q2. Barney Inc. has a December 31 fiscal year. On February 1, year I. Barney Inc. issued bonds that…
A: Bond interest expense refers to the amount that is incurred over the bonds payable in the…
Q: What are all the entries relating to the equipment in the general journals of Peter’s financial…
A: Assets are depreciated every year due to their wear and tear during the year. Depreciation represent…
Q: irections: 1. please assist with journalize each of the following transactions for October 2020.…
A: Journal entries recording is the first step of accounting cycle process, under this atleast one…
Q: What
A:
Q: [The following information applies to the questions displayed below] Shadee Corp. expects to sell…
A: Labor cost is the cost incurred by the company on the labor involved in the production process of…
Q: On December 31, 2020, Camiguin Company shows the following data with respect to its matured…
A: An equity swap is a trade of future cash flows between two parties that enables each party to…
Q: efer to the following selected financial information from Texas Electronics. Compute the company's…
A: Formula for Calculating Acid Test Ratio Acid Test Ratio = (Cash + Short term Investments + Accounts…
Q: What does the rule of 72 show as an approximate number of years? Selected answer will be…
A: Compounding is the process in which interest is credited on the principal amount as well as the…
Q: Why is the identification of favorable and unfavorable variances so important to a company? How can…
A: Introduction: Every business creates Standard Costs for a range of goods and services. It uses these…
Q: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound…
A: Flexible Budget are Prepared based on the Actual results, the Sales revenue and Variable cost will…
Q: ance sheets of Xenon Company reports total assets of $8 ively. Sales revenues are $1.7 million, net…
A: Financial ratios are very important from performance points of view and good financial ratio will…
Q: Samuel Jenkins made two investments; the first was 13 months ago and the second was 2 months ago. He…
A: According to the given question, we are required to compute the capital gain tax for both the amount…
Q: In the Sunland Company, indirect labor is budgeted for $59400 and factory supervision is budgeted…
A: Flexible budget Cost :— It is multiplication of variable cost per unit & Actual unit produced…
Q: In a government’s comprehensive annual financial report, proprietary fund types are included in…
A: A set of related companies' activities are compiled into a single document via the combined…
Q: Q1 C: SHARIAH AUDIT AND COMPLIANCE SUBJECT: SHARIAH AUDIT AND COMPLIANCE PLEASE ANSWER ASAP
A: Here discuss about the details of the non compliance event which are incurred with the Islamic bank…
Q: Q3 B : SHARIAH SUBJECT; SHARIAH AUDIT AND COMPLIANCE PLEASE ANSWER ASAP
A: An issue has been given in the question, the main issue is that The Shariah Government Policy is…
Q: nance For a bank, what is the tradeoff between having high vs. low capital reserve?
A: Maintaining the reserve capital is mandatory for banks as per guidelines of the federal bank and…
Q: Required: Show all your working. (a) Prepare the Income Statement for the year ended 31 December…
A: Income statement is one of the financial statement which shows all incomes and all expenses of the…
Q: True or False - The SEC establishes International Financial Reporting Standards.
A: IFRS (International financial reporting standards) are the accounting standards that are followed by…
Q: Maples Corporation is a Canadian subsidiary of a U.S. parent company. Shown below is the company's…
A: 1. Particulars In CAD $M Translation rate Amt in USD $M Sales 480.7 0.76 365.33 Cost of Goods…
Q: Rusty, Inc. is the sole distributor of a computer product that sells for $50 per unit, and has a…
A: Marginal Costing - Marginal Costing is good method used to calculate cost of each additional unit…
Q: Blue Company sold a car to a customer at a price of P400,000 with a production cost of P300,000 on…
A:
Q: Eddy Co. is indebted to Cole under a P400,000, 12%, three-year note dated December 31, 2019. Because…
A: Indebted Amount: P400,000 Accrued Interest: P48,000 Fair Value of land: P360,000 Acquisition cost of…
Q: Prepare the journal entries for the Schilling Corporation in the general journal provided.
A: Journal entry :— Record of All financial transactions is called Journal Entry. A journal entry is…
Step by step
Solved in 2 steps
- Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is: Direct materials $ 5.10 Direct labor 7.00 Variable manufacturing overhead 2.40 Fixed manufacturing 18.00 overhead 32.50 Total cost per part An outside supplier has offered to sell 30,000 units of part S-6 each year to Han Products for $46.50 per part. If Han Products accepts this offer, the facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $767,000. However, Han Products has determined that two-thirds of the fixed manufacturing overhead being applied to part S-6 would continue even if part S-6 were purchased from the outside supplier.Listed below are a company’s monthly unit costs to manufacture and market a particular product.Unit Costs Variable Cost Fixed CostsDirect materials P2.00 Direct labor 2.40 Indirect Manufacturing 1.60 P1.00Marketing 2.50 1.50The company must decide to continue making the product or buy it from an outside supplier. The supplier has offered to make the product at the same level of quality that the company can make it. Fixed marketing costs would be unaffected, but variable marketing costs would be reduced by 30% if the company were to accept the proposal. What is the maximum amount per unit that the company can pay the supplier without decreasing its operating income? • P5.25 • P7.75 • P6.75 • P8.50 • None of the aboveI se the following information to answer questions 1-6. Selling price per unit Luriable manufacturing cost per unit Fixed manufacturing cost per unit V'ariable selling cost per unit Fixed selling cost per unit Expected production and sales P100 20 30 25 10 1,000 units
- Q. 8 Which following costs need to be considered for both make or buy options? O. Fixed overhead O. Variable overhead O. Rental revenue Q. 9 What is the per unit cost to purchase from the vendor? Round to the nearest penny. Q. 10 Based on your analysis, the CreativeStationary Co. should make the product in-house or buy them from the vender? O. Make O. Buy Do (Q8,9,10 plz)Sandhill Bikes could sell its bicycles to retailers either assembled or unassembled. The cost of an unassembled bike is as follows. Direct materials $147 Direct labor 70 Variable overhead (70% of direct labor) 49 Fixed overhead (30% of direct labor) 21 Manufacturing cost per unit $287 The unassembled bikes are sold to retailers at $451 each. Sandhill has unused productive capacity that is expected to continue indefinitely: management has concluded that some of this capacity could be used to assemble the bikes and sell them at $491 each. Assembling the bikes will increase direct materials by $5 per bike and direct labor by $10 per bike. Additional variable overhead will be incurred at the normal rates, but there will be no additional fixed overhead as a result of assembling the bikes.Brissett Corporation makes three products that use the current constraint, which is a particular type of machine. Data concerning those products appear below: GK LQ XK Selling price per unit $ 119.51 $ 226.07 $ 228.96 Variable cost per unit $ 89.87 $ 176.86 $ 178.92 Time on the constraint (minutes) 1.90 3.70 3.60 Required: A. Rank the products in order of their current profitability from the most profitable to the least profitable. In other words, rank the products in the order in which they should be emphasized. B. Assume that sufficient constraint time is available to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource?
- Sondela Ltd is a manufacturing company that is planning to use the cost-plus pricing method to set the selling price. The company has provided the following data: Variable cost per unit: Direct material R30 Direct labour R45 Manufacturing overheads R75 Sales commission R15 Selling expenses R23 Total fixed costs Depreciation - factory R27 000 Depreciation - administration R45 000 Rent - factory R31 500 Rent - head office R22 500 Selling and administration cost R60 000 Required: (c) Calculate the selling price if the company adds mark-up of 82% on variable manufacturing costs.Question No. 1. A firm is evaluating the alternative of manufacturing a part that is currently being outsourced from a supplier. The relevant information is provided below: For in-house manufacturing, using this information, determine the break-even quantity for which the firm would be indifferent between manufacturing the part in-house or outsourcing it. Given: Annual fixed cost = P2,250,000.00 Variable cost per part = P7,000.00 For purchasing from supplier Purchase price per part = P8,000.00 Question No. 2. In relation to the previous question answer the following: If demand is forecast to be greater than 2,500 parts, should the firm make the part in-house or purchase it from a supplier? The marketing department forecasts that the upcoming year’s demand will be 2,500 units. A new supplier offers to make parts for P7,500.00 each. Should the company accept the offer? What is the maximum price per part the manufacturer should be willing to pay to the supplier if the forecast…Sondela Ltd is a manufacturing company that is planning to use the cost-plus pricing method to set the selling price. The company has provided the following data: Variable cost per unit: Direct material R30 Direct labour R45 Manufacturing overheads R75 Sales commission R15 Selling expenses R23 Total fixed costs Depreciation - factory R27 000 Depreciation - administration R45 000 Rent - factory R31 500 Rent - head office R22 500 Selling and administration cost R60 000 Required: (A) Calculate the selling price if the company adds mark-up of 45% on variable costs.
- Que. No. 1a. When production is greater than sales which method’s net operating income will be higher, AC or VC and why? Be precise and to the point in writing the answer. Que. No. 1b. Sharp Company manufactures a product for which the following data and information related to inventory is available. The company uses variable costing for internal management reports and absorption costing for external reports to the shareholders, creditors, and the government. The company has provided the following data:Year-1Year-2Year-3Inventories:Beginning (units)200160180Ending (units)160180220Variable Costing net operating income$1,080,400$1,032,400$996,400The company’s fixed manufacturing overhead per unit was constant at $650 for all the three years.Required: 1. Determine each year’s absorption costing net operating income. Present your answer in the form of a reconciliation report. (you must show all calculations)2. In year four, the company’s variable costing net operating income was $984,400…Identify each cost below as variable (V), fixed (F), or mixed (M), relative to units sold. Explain your reasons Reason $ M Units Sold a. Total phone cost b. Materials cost per unit C. Manager's salary d. Depreciation cost per unit e. Total utility cost f. Total cost of goods sold 25 150 $ 35 3,000 60 400 3,125 50 200 $ 35 3,000 75 100V, F, or M 250 $ 300 35 35 3,000 3,000 2015 900 1,150 9,375 12,500 F 30 650 6,250 reasons 1. Does not change in total over wide ranges of volume/inversely proportional to the number of units produced while total cost remains constant. 2- It is directly proportional to the number of units produced. The total cost changes as volume changes and in direct proportion. 3-The total cost changes as volume changes, but not in direct proportion.What is the correct choice? Datamatix Company has gathered the following data: Unit Sales Price Unit Variable Costs Unit Sales Product 1 $18.00 $10.00 24,500 Product 2 27.00 17.00 17,500 Product 3 35.00 28.00 28,000 Fixed costs are $233,280. The weighted-average breakeven point is a. 34,500 units. b. 28,800 units. c. 25,200 units. d. 29,900 units.