uses 34,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Materials $0.24 per roll Labor 0.39 per roll Variable overhead 0.16 per roll Fixed overhead 0.20 per roll A potential supplier has offered to sell Reuben the rolls for $0.89 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what will he effect on profit be? euben would see a $ in profit if he buys the rolls.
Q: Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the…
A: Solution: Annual net income after taxes = $164,900 Initial investment = $485,000 Expected salvage…
Q: age Devices buys $10,000 of equity securities, which it classifies as available-for-sale. After one…
A: Accounting of Investment held for Sale Investment held for sale shall be recorded in the books of…
Q: P7,000,000 3,000,000 4,335,000 650,000 Preference share capital, P300 par Share premium - preference…
A: Contributed Capital is the total amount contributed by the owners and also includes shares premium.…
Q: Problem 16-2 (ACP) Zeus Company reported pretax financial income of P8,000,000 for the year ended…
A: Given information, Financial income =P8,000,000 Taxable income =P9,000,000 Tax rate =25% Estimated…
Q: Task 4: XYZ corporation had net cash flows from operating activities of $90.000 in last year. During…
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…
Q: Solve the following questions. Please choose the best answer with solutions. Choose answers in the…
A: An Income Statement refers to a Statement of profit or loss. This statement gives information…
Q: Statement I. Book value per share is tantamount to earnings per share Statement II. Dividends…
A: Book value per share is ratio of shareholders equity less preferred equity to number of shares…
Q: Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution…
A: No. of units to be sold in next year = Current units sales + (1 + 0.20) Variable costs per unit in…
Q: 8. How much must you deposit if a bankoffers 2% interest and your goal is to have $1500 next year?
A: As per our protocol we provide solution to one question only but as you have asked three questions…
Q: Mary's Baskets Company expects to manufacture and sell 23,000 baskets in 2019 for $7 each. There are…
A: A company's sales revenue is the total amount it earns from the selling of goods or services.…
Q: On December 1, 2018, Mario started his business with a borrowed capital amounting to P 40,000 at a…
A: Return on capital refers to the return earned by a business entity on the capital employed by them.…
Q: ormation pertains to AACA Corp.: AACA Corp. BANK RECONCILIATION November 30, 2022 Balance per…
A: Disclaimer : “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: Orange Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of…
A: Number of units to be sold next year = Beginning finished goods inventory + units produced next year…
Q: Prepare a a. Statement of Comprehensive Income b. Statement of Financial Position c. Closing Entries
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Inn Corporation had 30,000 ordinary shares of NPA Company which it acquired during Year 2 for a…
A: Answer - Working Note : December 31, Year 2 ledger balance (30,000 shares x 65)…
Q: How much are Sales if Cost of Sales is $46,500, Cost of Labor is $33,247, the fixed costs are…
A: Contribution margin = Fixed cost + profit = $65883 + $2129 =$68012
Q: Hological me valely me radiological services involve only two operating departments (Daily Patient…
A:
Q: Required: 1. If we assume that the total time available on the plastic injection molding machine is…
A: Contribution per unit, is the selling price per unit minus the variable cost per unit."Contribution"…
Q: In the income statement below, ABC Trade Inc. wants to find the resulting net income for the year…
A: The net income is calculated as difference between total income and total expenses.
Q: 7 Clampett, Incorporated, has been an S corporation since its inception On July 15, 2021, Clampett,…
A: Introduction: Personal income and company revenue are the two types of ordinary income. Personal…
Q: An unqualified opinion: a) is given when there is a conflict of interest. b) is one made without…
A: Introduction:- The followingtypes of auditor opinions are as follows under:- Unqualified opinion.…
Q: Jaydon Garden Jobs (JGJ) has been operating in Weston Super Mare since 2011 steady growth over the…
A: A revised cost estimate is a comprehensive estimate created when the initial sanctioned estimate…
Q: Assume you have secured a loan of $10,000 from a bank which will be paid in one year. The bank has…
A: Month Instalment Interest Paid = Opening Balance x 0.31% Principal Opening Balance Closing Balance…
Q: 1. Prepare journal entries to record the cost of the development well, assuming the company uses…
A: Full Cost Method Under the Full cost method which is described as it allows to capitalize the whole…
Q: Problem 1. A 1000 par-value bond with 8% quarterly coupons has payment dates of January 31, April…
A:
Q: On January 1, 2021, Ree Company sold a machine to Say Company. In lieu of cash payment, Say gave Ree…
A: Liabilities are the amounts which are owed by the organization at the date of the preparation of the…
Q: When should a reversal of a goodwill impairment be recognised? a) © Immediately b) At…
A: Goodwill Impairment: Accounting charges are referred to as goodwill impairment when the carrying…
Q: Which account amount is the most important (larger) in the assets side and in the liabilities side…
A: Balance sheet is the summary of the financial position of the company on a particular date in which…
Q: Define the following accounting terms and give examples to prove your answers. 1. Expenses 2.…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: ve mentio
A: The journal entries are given as,
Q: The net income reported on the income statement for the current year was $310,000. Depreciation…
A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…
Q: Chart of Accounts of A Service Business ASSETS LIABILITIES Current Assets 101 Current Liabilities…
A: INTRODUCTION: In every business organization various accounting terms are used. It becomes necessary…
Q: Prepare the Statement of Comprehensive Income using the multi-step format. Beautiful Life…
A: Introduction Statement of comprehensive income gives details about all revenue ,income expense or…
Q: thave been $950 and at retirement, the NBV would have been the same as the have been $950 and at…
A: The bonds are issued at premium as the issue price of 1050 ($ 1000* 105% ) is higher than the face…
Q: What is “fair value”? Consider whether it is really helpfulwhen reporting financial results. Give…
A: Fixed assets: These include all the assets that are of tangible nature and have an expected useful…
Q: Alpha Corp. has a branch in Pasig City established on May 31, 2021. During 2021, the home office…
A: Head Office of the business organization may open its branches at different cities to expand the…
Q: of computing vat payable
A: VAT refers to the type of tax imposed by the government over the sale of goods and services.
Q: Shangrila bought shares of Crossing, Inc. in two batches as follows: June 10, 2018 2000…
A: Cash dividend = 5000 shares x P 10 = P50000
Q: Deirdre Surf Shop, Inc. placed in service computer equipment with a basis of $15,0 th a basis of…
A: Placed in service is point of time when an asset that can be depreciated for the use of accounting.…
Q: Carlmont Corporation is authorized to issue 5,000,000 shares of $2 par value common stock. As of…
A: The treasury stock shares decreases the number of outstanding chares. The dividend is declared for…
Q: A business commenced with capital in cash of C1,000. Inventory costing (800 net of sales tax at…
A: Introduction: Accounting and bookkeeping are two sides of the same coin when it comes to keeping…
Q: Nintendo Company, Ltd., recently reported the following financial information (amounts in millions).…
A: Through the evaluation of financial accounts such as the financial statement, ratio analysis…
Q: Buenos Company has two divisions, Division X and Division Y. Division X has a production capacity of…
A: Calculation of Spare Capacity In the given question, Division X has production capacity of 6,000…
Q: Number of Number of Number of Setups Components Direct Labor Hours Product 13 10 290 Sandard 32 18…
A: Using traditional method, the predetermined overhead rate is calculated as estimated overhead cost…
Q: GMPK LLP, a firm that provides financial services, has suffered financially due to a marked loss of…
A: A partnership is an agreement where two or more individuals mutually agree to operate and manage a…
Q: Company provdes the following ABC costing information: Total Costs Activity-cost drivers itles…
A: Activity Based Costing is a method identifying activities and then assigning indirect cost and…
Q: ecember 31, Year 1 Penthouse Company ry shares of X Co. in its portfolio of long-tern ity…
A: In case, investments are FV-OCI assets (Fair value through the Other Comprehensive Income), then…
Q: On January 1, 2021, Ree Company sold a machine to Say Company. In lieu of cash payment, Say gave Ree…
A: PRESENT VALUE FACTOR TABLE @10% Year PVF @10% 1 0.9091 2 0.8264 3 0.7513 4 0.6830 5…
Q: Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago…
A: Days' sales in inventory confirms how many days' sales are in ending inventory. Higher the number of…
Q: 1. Assuming that net pay was directly deposited into the employee's bank accounts, prepare the…
A: Journal entry is made at the time when a business transaction or any other accruals has been…
Step by step
Solved in 3 steps
- 1/1 * CengageNOWv2 | Online teachir x genow.com/ilm/takeAssignment/takeAssignmentMa.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false Al ... Ralston Dairy gathered this data about the two products that it produces: Current Sales Estimated Added Sales Value If Products Value Processing Costs Processing Further Frozen yogurt $8,000 $2,100 $10,900 Ice cream 12,000 7,200 18,000 Which of the products should be processed further? because profitsMy Home ngagervowv2| Online teachin x enow.com/ilrn/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false (29) Quavo - WORKIN ME ( X + eBook 回 一 Marlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000. A. What is the company's break-even point in units? Break-even units units B. What is the company's break-even point in dollars? Break-even dollars $ C. Prepare a contribution margin income statement for the month of November when they will sell 110 units. Use a minus sign for a net loss if present. Income Statement D. How many units will Marlin need to sell in order to realize a target profit of $37,800? units New break-even units E. What dollar sales will Marlin need to generate in order to realize a target profit of $37,800? (Previous New break-even dollars $$ ArrignmentPinvoker= &takeAssignmentSessionLocator=&inprogress false Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 4,000 cups of flour at $0.50 per cup. They use 3,512.5 cups of flour to make 4,700 biscuits. The standard cost per cup of flour is $0.49. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers. Direct materials price variance 2$ 40 V Unfavorable v Direct materials quantity variance $ 6.13 V Favorable v Total direct materials cost variance $ X. Unfavorable v B. What is the standard cost per biscuit for the semolina flour? Round your answer to four decimals. $4 0.3675 V Feedback
- me | MyUSF X CengageNOWv2 |Online teachin X .cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inpro... to 向 Differential Analysis for Further Processing The management of International Aluminum Co, is considering whether to process aluminum ingot further into rolled aluminum. Rolled aluminum can be sold for $2,100 per ton, and ingot can be sold without further processing for $1,050 per ton. Ingot is produced in batches of 89 tons by smelting 550 tons of bauxite, which costs $110 per ton of bauxite. Rolled aluminum will require additional processing costs of $610 per ton of ingot, and 1.25 tons of ingot will produce 1 ton of rolled aluminum. Required: 1. Prepare a differential analysis as of February 5 to determine whether to sell aluminum ingot (Alternative 1) or process further into rolled aluminum (Alternative 2). If required, do not round interim calculations. If required, use a minus sign to indicate a loss. Differential Analysis Sell…Reubens Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided, If Reuben accepts the offer, what will the effect on profit be?Unauthorized My Home CengageNOWv2 | Online teachin × + https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres. Chapter 20 еBook Show Me How Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income? $4 6:39 PM 63°F 11/5/2021
- * CengageNOWw2| Online teachi M (no subject)- morganmcgrew4@ X n/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress3false Update eBook Show Me How Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $37,300 Food and packaging $(13,431) Рayroll (9,400) Occupancy (rent, depreciation, etc.) (7,949) General, selling, and administrative expenses (5,400) $(36,180) $1,120 Operating income Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) 24 12,309 million b. What is McDonald's contribution margin ratio? 33 C. How much would operating income increase if same-store sales increased by $2,200 million for the coming year, with no change in the…XYZ Bakery bakes breads that are sold to local restaurants and grocery stores in Muscat. When 300 breads are baked, the average cost is $1.25 per bread. When 900 breads are baked, the average cost is $0.65 per bread. What is the total cost when 700 breads are baked? Select one: O a. $515.00 O b. $455.00 O c. $532.50 O d. None of the answers given O e. $875.00Reuben’s Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Reuben's Deli cost data Costs Amounts Increments Materials $0.24 per roll Labor 0.40 per roll Variable overhead 0.16 per roll Fixed overhead 0.20 per roll C) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what will the effect on profit be? D) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. Should Reuben buy or make the rolls? (Buy the rolls or Make the rolls) E) A potential supplier has offered to sell Reuben the rolls for $0.98 each. If the rolls are purchased, 26% of the fixed overhead could be avoided. If Reuben accepts the offer, what will the effect on profit be? Do…
- Reuben's Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Costs Materials Labor Variable overhead Fixed overhead Reuben's Deli cost data Amounts Increments $0.24 per roll 0.40 per roll 0.16 per roll 0.20 per roll A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. What are the total relevant costs?Reuben’s Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Reuben's Deli cost data Costs Amounts Increments Materials $0.24 per roll Labor 0.40 per roll Variable overhead 0.16 per roll Fixed overhead 0.20 per roll A) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. What are the total relevant costs? B) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what are the total costs to purchase the rolls?Reuben’s Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Reuben's Deli cost data Costs Amounts Increments Materials $0.24 per roll Labor 0.40 per roll Variable overhead 0.16 per roll Fixed overhead 0.20 per roll A) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. What are the total relevant costs? B) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what are the total costs to purchase the rolls? C) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what will the effect on profit be? D) A potential supplier has…