+Use the following information for Problems #13-15:Percentage Completion Method: Done Right Company is doing contract work for Good Homes Company. Use the grid below tocomplete the required accounting information:201020112012Contract Price$2,025,000$2,025,000$2,025,000Estimated Total Cost of Project:$1,800,000$1,800,000$1,800,000Cost Incurred Current Year$450,000$858,000$492,000Estimated Cost to Complete$1,350,000$492,000Billings to Customer Current Yr.$405,000$1,080,000$540,000Cash Receipts from CustomerCurrent Yr.$337,500$787,500$900,000Cost Incurred to DateEstimated Cost to CompleteEstimated Total Contract CostEstimated Percent CompleteContract PriceRevenue RecognizableRevenue Recognized Prior YearRevenue Recognized CurrentlyCosts Incurred CurrentlyGross Profit Recognized13) The gross profit recognized for year 2010 is14) The gross profit recognized for year 2011 is15) The gross profit recognized for year 2012 is201020112012

Using the Percentage of Completion Method to recognize revenue from a long-term contract, we've…

Answered: + Use the following information for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 11MC: Dixon Construction Materials has collected this information: Based on this Information, what is the...

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Consider each of the following projects: Accounting Unit Unit Variable Project Break-Even Price Cost Alpha 95,200 $49 $33 Beta Zeta 110,000 5,235 ? 115 41 ? (Click to select)# Fixed Costs Depreciation $748,000 ? 2,700,000 182,000 $950,000 115,000 Required: (a)Find the depreciation for Project Alpha. (Do not round your intermediate calculations.) (Click to select) + (b)Find the unit price for Project Beta. (Do not round your intermediate calculations.) (Click to select) (c)Find the unit variable cost for Project Zeta. (Do not round your intermediate calculations.).
Dixon Construction Materials has collected this information: Based on this Information, what is the EVA for the project? A. $100,000 B. $10,000 C. $450,000 D. ($110,000)
(Related to Checkpoint 13.4) (Break-even analysis) Accounting Break-Even Point (in units) 6,230 740 1,980 1,980 Project A Price per Unit Variable Cost per Unit $54 $1,030 $20 $20 B C D (Click on the iconin order to copy its contents into a spreadsheet.) Fixed Costs $102,000 $495,000 $4,700 $14 $8 Depreciation $27,000 $98,000 $16,000
Project Description Initial Cost Annual Revenue ($1000s) ($1000s) $44 A Replace equipment to reduce labor costs 200 B. Overhaul equipment to 150 $36 reduce material costs Replace Equipment to reduce defective parts Change packaging to reduce shipping costs 120 $29 D 100 $25 ACME, Inc. is evaluating four proposals to increase their earnings. The initial costs and annual revenues are shown in the table below. If they have $300,000 in capital available to invest in these projects, what would ACME's rate of return be if they pursued Project A? Assume a common study period of 10 years. Show all work.
Three alternatives have the following cost data associated with them: Data Alt. 1 Alt. 2 Alt. 3 Useful Life, Years 10 10 10 First Cost $1,125,000 $1,980,000 $1,650,000 Annual Benefit 265,000 589,000 435,000 Annual M&O Costs 95,000 97,000 91,000 Salvage Value 145,000 205,000 178,000 Determine whích machine is better to purchase, if i = 10%. 1. Use a B/C 2. Use a Payback Period
=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar... r 13 Homework i Saved Help Save & Exit Submit Check my work Lake Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the segment is eliminated, the building it uses will be sold. Advertising expense Supervisory salaries Allocation of companywide facility-level costs Original cost of building Book value of building Market value of building Maintenance costs on equipment Real estate taxes on building $140,000 300,000 130,000 220,000 100, өөө 160,000 112, 0өө 12,000 0:50 Required Determine the amount of avoidable cost associated with the segment. ces Avoidable cost o search
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u messageQ&A notifications account_circle Business AccountingQ&A LibraryAn operations manager narrowed the search for a new facility location to four communities. The annual fixed costs (land, property taxes, insurance, equipment, and buildings) and the variable costs (labor, materials, transportation, and variable overhead) are as follows:Community Fixed Costs per Year Variable Costs per UnitA $150,000 $62B $300,000 $38C $500,000 $24D $600,000 $30Notice that no community dominates the set of alternatives; that is, no community has both the lowest fixed costs and the lowest variable costs per unit. If that were so, that community would be the best location.Step 1. Plot the total cost curves for all the communities on a single graph. Identify on the graph the approximate volume range…
CengageNOWv2| Online teachin X N2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=D&inpro... Differential Analysis Involving Opportunity Costs On July 1, Coastal Distribution Company is considering leasing a building and buying the necessary equipment to operate a public w Alternatively, the company could use the funds to invest in $149,100 of 6% U.S. Treasury bonds that mature in 16 years. The bond at face value. The following data have been assembled: Cost of store equipment $149,100 Life of store equipment 16 years Estimated residual value of store equipment $18,600 Yearly costs to operate the warehouse, excluding depreciation of equipment $55,900 Yearly expected revenues-years 1-8 75,600 Yearly expected revenues-years 9-16 70,100 Required: 1. Prepare a differential analysis as of July 1 presenting the proposed operation of the warehouse for the 16 years (Alternative 1) a investing in U.S. Treasury bonds (Alternative 2). If an amount is…
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Two alternative means of providing engineering drafting services are under consideration. Handy-Cam R-tistry $200,000 $120/hr $250/hr $20,000 $250,000 $115/hr Purchase Price Operating Cost $250/hr $15,000 Revenue Market value (end of useful life) Useful life 6 years б уears It is anticipated that the chosen alternative wilI be used to generate revenue 8 hrs/day, 250 days per year. The company uses a MARR = 12% for all investments. 12% Interest Table ,

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