1. At a volume of 10,000 units, Company P incurs $30,000 in factory overhead costs, including $10,000 in fixed costs. Assuming that this activity is within the relevant range, if volume increases to 12,000 units, Company P would expect to incur total factory overhead costs of: A. $36,000 B. $34,000 C. $30,000 D. $32,000
Q: please answer in text form with proper workings and explanation for each and every part and steps…
A: To compute the retail value of the ending inventory as of August 31, we need to consider the…
Q: Jackson County Senior Services is a nonprofit organization providing three services to seniors who…
A: 1A.Avoidable costs: Depreciation 20,400.00 Liability insurance 15,400.00 Program…
Q: Medium Manufacturers, Inc. (MMI) has the following items on its Income Statement for last year:…
A: To find the Beginning of Year Retained Earnings Balance for MMI last year, we need to use the…
Q: None
A: Step 1:Computation of the amount of accounts receivable to be reported on the company's budgeted…
Q: Sperle Corporation has provided the following data concerning its stockholders' equity accounts:…
A: Step 1:EPS is computed using the equation given below: Step 2:EPS = Net income / No. of share…
Q: Please provide both Answer
A: Required Answer : 1 Step 1 : Discount Payback PeriodThe method followed in capital budgeting to…
Q: am.103..
A: The objective of this question is to calculate the net present value (NPV) of the machine. The NPV…
Q: bbhgfftd
A: Approach to solving the question: Detailed explanation: Examples: Key references: I sincerely…
Q: ! Required information [The following information applies to the questions displayed below.] The…
A: Common stocks issued are the shares sold by the company to the holders of the stock. We can compute…
Q: The total assets of Lafayette Company are $66,030. Common stock account is $22,480, dividends are…
A: Let's delve deeper into each step with detailed explanations and relevant examples.1. Understanding…
Q: Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers…
A: Contingent Liability Treatment for Top Sound InternationalScenario: Top Sound International faces a…
Q: On January 1, 2025, Sandhill Inc. had the following balance sheet. Sandhill Inc. Balance Sheet As of…
A: you can record the sale of the available-for-sale debt securities in 2025 with the following journal…
Q: Oahu Inc. is considering an investment in new equipment that will be used to manufacture a…
A: The objective of this question is to calculate the average rate of return on the equipment that Oahu…
Q: Computer equipment estimated to cost $10,000 will be needed to replace old equipment in 5 years.…
A: The objective of this question is to calculate the amount that must be put into a sinking fund every…
Q: 1: Annual requirement.....5000 units 2: cost per unit.... Rs 2 3: Ordering cost per order.....Rs 160…
A: To find the economic order quantity (EOQ), we can use the following formula:EOQ = √[(2 × Annual…
Q: Please do not give solution in image format thanku
A: The objective of the question is to calculate the expected operating income if the company produces…
Q: For the year just completed, Hanna Company had net income of $73,000. Balances in the company's…
A: Step 1:Computation of the net cash provided by operating activities:…
Q: On January 1, Year 1, Montana Mining Equipment LLC purchased a new excavator for $1.5 million with…
A: Step 1: Introduction to leaseA lease is defined as a contractual agreement incorporated between two…
Q: 6. 6:05 TB MC Qu. 14-55 (Algo) The management of Penfold Corporation... The management of Penfold…
A: Step 1:Computation of NPV - Penfold CorporationParticularsPeriodAmountPV factor at 12%Present…
Q: Please do not give solution in image format thanku
A: The objective of this question is to calculate the revised break-even point in units if Kent Co.…
Q: Recording Common Stock Direct Retirement Acer Inc. issued 275,000 shares of $0.01 par value common…
A: Recording Common Stock Direct Retirement: A Step-by-Step ExplanationThis explanation will walk you…
Q: Complete the following partial flexible budget performance report, and indicate whether each…
A: Step 1:Flexible budget performance report is presented hereunder:…
Q: Cansela Corporation reports inventory and cost of goods sold based on calculations from a LIFO…
A: Step 1: Calculate Ending Inventory for Each YearTo determine the LIFO liquidation profit or loss, we…
Q: Comparative financial statements for Weller Corporation, a merchandising company, for the year…
A: From the income statement:Sales (Net Sales) for This Year: $95,000 (in thousands)Gross Margin for…
Q: Included in the December 31, 2023, inventory of the Night Owl Supply Company are 2,800 deluxe ring…
A: Therefore, the amount of the misstatement in this scenario is:$8,488 - $13,550 = -$5,062, or $5,062…
Q: Sagar
A: Explanation: Number of Shares Outstanding: Initially, there were 150,000 shares outstanding. After…
Q: ! Required information Problem 10-10AB (Algo) Effective Interest: Amortization of bond LO P5 [The…
A: ( If you have any queries please feel free to ask me). Thank you.
Q: Please step by step solutions
A: 1. Overview of Section 11 Liability and Securities Laws: - In the US, the issuing and selling of…
Q: Mary Zimmerman decided to purchase a new automobile. Being concerned about environmental issues, she…
A: The payback period is the length of time it takes to recover the cost of an investment or the length…
Q: How are summary statistics regarding sales useful to the marketing department?
A: The objective of the question is to understand the importance of summary statistics related to sales…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Weighted Average Inventory Costing Method with ExamplesThe weighted average method assumes all units…
Q: termining Net Income from Net Cash Flow from Operating Activities Determining net income from net…
A: Step 1:Computation of the total adjustments to convert net income to a cash basis:Adjustments to…
Q: The St. Louis to Seattle Railroad is considering acquiring equipment at a cost of $148,000. The…
A: The objective of the question is to calculate the average rate of return, the cash payback period,…
Q: Sheridan Corporation reports pretax financial income of $263,500 for 2025. The following items cause…
A: (c) Income Tax Expense Section of Income StatementHere's the income tax expense section of the…
Q: None
A: Calculating the Right-of-Use Asset Balance after Two Years in a Finance Lease Financial leases…
Q: If f'(x) = x5, what is f(x)? (Remember the constant of integration.) f(x) =
A: Step 1: Step 2: Step 3: Step 4:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Calculation of the cost of land.Purchase Price of Land$320,000Add : Demolition of Old…
Q: The Money Multiplier Process Loan Loan Loan Initial etc. deposit ($100) University Bank Deposit Bank…
A: Detailed explanation:Money multiplier is a term in monetary economics that is a phenomenon of…
Q: < Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for DVD players are…
A: Step 1: Calculation of the cost of goods sold and ending inventory using the FIFO method. First-in,…
Q: Sager
A: We must ascertain the minimum amount that must be paid to each partner based on their capital…
Q: Lauprechta Incorporated has the following employees on payroll: Employees Semimonthly Payroll…
A: Step 1: Calculate Total Quarterly Gross PayrollCompute the total pay for each employee over the…
Q: Oroblanco Company has prepared consolidated financial statements for the current year and is now…
A: Step 1: Understand the requirement of the asset test for reportable segmentsThe asset test for…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Part 2: Explanation:Step 1: Determine Matthew's maximum contribution to his 401(k) account:Matthew's…
Q: ! Required information [The following information applies to the questions displayed below.]…
A: To calculate the margin related to this year's investment opportunity, we need to find the…
Q: Vishnu
A: The above answer can be explained as under - The stock dividend has been declared. The retained…
Q: Instructions Wagner Chocolates makes a variety of chocolate candies. They are considering adding…
A: Create a spreadsheet using a software program like Microsoft Excel or Google Sheets.Enter the…
Q: Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item…
A: Calculations:20Y6:EPS = ($2,582,000 - $50,000) / 120,000 sharesEPS = $2,532,000 / 120,000 sharesEPS…
Q: Cosmo Computer Consultants (CCC) signed a contract in 2022 to develop a computer network system for…
A: CCC Project Calculations Explained with Examples:Cosmo Computer Consultants (CCC) is using the…
Q: pleaser provide correct answer without fail !!!!
A: Discounted Payback Period CalculationThe discounted payback period considers the time value of money…
Q: Ahmad is an entrepreneur and owner of the company. He thinks whether should he continue his activity…
A: Data Available Initial capital550,000Salaries for hiired employees11,000Rent2,000Communal…
Step by step
Solved in 2 steps with 2 images
- Suppose that a company has fixed costs of $18 per unit and variable costs $9 per unit when 15,000 units are produced. What are the fixed costs per unit when 12,000 units are produced?Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?At 50,000 units of production, the Grayson Company expects costs to be as follows: Direct materials $140,000 $100,000 $50,000 $40,000 Direct labour Depreciation of factory Depreciation of production equipment Production supervisor's salary Supplies Indirect labour Electricity Assume all cost items are either strictly fixed or strictly variable. The total cost of direct materials at 40,000 units of production would be: Select one: a. $116,000 b. $168,000 $ 24,000 $5,000 $ 30,000 $ 15,000 c. $112,000 d. $140,000
- Total fixed costs for Randolph Manufacturing are $784,000. Total costs, including both fixed and variable, are $1,050,000 if 160,000 units are produced. The fixed cost per unit at 228,500 units would be closest to A. $3.43/unit. B. $1.16/unit O C. $4.60/unit O D. $4.90/unitQ.5) The estimated costs of producing 6,000 units of a component are: Total Per Unit Direct Material Direct Labor Applied Variable Factory Overhead Applied Fixed Factory Overhead ($1.5 per direct labor dollar) $10 $60,000 48,000 54,000 72,000 9. 12 $39 $234,000 The same component can be purchased from market at a price of $29 per unit. If the component is purchased from market, 25% of the fixed factory overhead will be saved. Required: Decide whether to make this product or buy this product from the market. Show computations.Lighthouse Company had the following information: At a manufacturing level of 5,000 units, variable and fixed manufacturing costs are $30 and $8 per unit, respectively. Selling price is $60 per unit. What is the total manufacturing cost for 10,000 units? a. $300,000 b. $380,000 c. $340,000 d. $600,000
- The costs incurred in the manufacture of 75,000 units of a product are: Direct materials $80,000 Direct labour $15,000 Variable overheads $32,000 Fixed overheads $130,000 If output increases by 15%, what will be the effect, if any, on the variable cost per unit? Show solutionTotal fixed costs for Randolph Manufacturing are $804,000. Total costs, including both fixed and variable, are $1,040,000 if 160,000 units are produced. The fixed cost per unit at 188,500 units would be closest to A. $5.03/unit. B. $4.27/unit. C. $1.25/unit. D. $5.52/unitAssume a firm has prepared the following cost estimates for the manufacture of a sub-assembly component based on an annual production of 8000 units: Per Unit (Rs) Total (Rs) Direct Materials 5 40,000 Direct Labour 4 32000 Variable Overhead Applied 4 32000 Fixed Overhead Applied(150% of direct labour cost 6 48000 Total cost 19 152000 The supplier has offered the sub-assembly at a price of $16 each. Two-thirds of fixed factory overhead, which represents executive salaries, rent, depreciation, and taxes, continue regardless of the decision. Should the company buy or make the product?
- Total costs for Locke & Company at 140,000 units are $289,000, while total fixed costs are $165,000. The total variable costs at a level of 280,000 units would be (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) O A. $249,200 B. $330,000 C. $578,000 O D. $144,500For product A of Shilpa Itd. the prime cost is Rs.20 per unit, factory overheads are 20% of prime cost and administration overheads are 25% of works cost, if the company desires to earn profit of 25% on selling price, the selling price per unit of product A would be? O a. Rs. 40 O b. Rs. 33 O c. Rs. 90 O d. Rs. 30)A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows: Amount per Unit $ 7.50 $4.75 $ 1.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions. Variable administrative expense What is the incremental cost incurred if the company increases production from 12,000 to 12,001 units? Multiple Choice $25.75 $18.75 $20.25 $5.00 $ 3.50 $ 2.00 $1.00 $ 0.50