10 lbs. @ $4 per Ibs. Produced 4,1 3 hrs. @ $21 perhr. Materials purchased 51 Etion 3,620 units 42 pasn s
Q: The Ammad Company manufactures a product in a single process. The following information is…
A: Equivalent Produced Units: An item's theoretical production capacity is determined by the amount of…
Q: 1) A monthly depreciation expense of $600 is recorded on a truck that was purchased for $27 000 and…
A: Depreciation rate = Annual depreciation / Depreciable value of the assets where, Depreciable value…
Q: a) In each of the following parts, write an expression that shows the relationship among the listed…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Aging of Receivables Schedule The accounts receivable clerk for Kirchhoff Industries prepared the…
A: Solution: Customer Due Date Number of Days Past Due Conover industries 9-Jul 144 Days…
Q: Last year Hever Inc. had sales of $1,000,000, based on a unit selling price of $400. The variable…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: QUESTION 2 i. Describe the followings using relevant examples: a. Fixed Asset b. Current Assets c.…
A: The balance sheet represents the financial position of the business with assets, liabilities and…
Q: n addition to receipts for the above items, the petty cash box contained P10 in coins and an IOU of…
A: Preparation of Petty Cash Book
Q: Q-4: Joel Turner owned 200 shares of GM convertible preferred stock at $20 par value. He converted…
A: The preferred stock are the shares which get the fixed rate of dividend before any other share gets…
Q: On January 1, 20x1, ABC sold a used vehicle with a historical cost of P2,000,0000 and accumulated…
A: Note receivable: Note receivable is the amount recorded in the company's balance sheet as an asset.…
Q: Required: a) Calculate the following in the context of Nimesh's decision of earning an Masters…
A:
Q: Sales $1248000 Contribution margin 466560 Total direct fixed costs 405000 Total operating assets…
A: Formula: ROI = ( Net income / Average operating Assets ) x 100
Q: On January 1, 2016, Matthew Company's work in process inventory account had a balance of $46,000.…
A: Cost accounting Cost accounting refers to the technique of ascertaining cost. In other words, cost…
Q: Barnett Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe.…
A: Calculation of Pool rate for Automatic Machinery Activity Pool rate for Automatic Machinery Activity…
Q: PT Lebah Sengat’s 2021 journal entry to correct the error of retained earnings account would...
A: Solution:- Given, Equipment purchased on January 1, 2019 by PT Lebah Sengat= 52,500 expensed that…
Q: M/s. Green Channel purchased a second-hand machine on 1st January, 2015 for 1,60,000. Overhauling…
A: Working Note - Book Value of Machine (Straight Line Method) Particular Machine I…
Q: a) The primary responsibility for the prevention and detection of fraud rests with both those…
A: This Question is an opinion based. Therefore the introductory sentences must be filled by…
Q: Suppose that a constraint for assembly time has a shadow price of \$50/hour for 15 hours in either…
A: Cost for each hour of overtime done = $30 x 150% = $45 Shadow price = $50 per hr This means for each…
Q: The auditor is not expected to, and cannot, reduce audit risk to zero and cannot therefore obtain…
A: Auditing: In accounting, auditing is the process of an auditor conducting an examination or…
Q: Which of the following would be considered a cash outflow for investing activities? a. cash paid to…
A: The correct option is: (d) Cash paid to purchase equipment
Q: Problem 9-13 (Algo) Retail inventory method; various applications (LO9-3, 9-4, 9-5] [The following…
A: Solution 2021 2022 Cost ($) Retail ($) Cost ($) Retail ($) Beginning Inventory 105,400…
Q: Scenario 2 On January 1, 2020, Harvey Inc. made available $100,000 of 20 years, 10% bonds at par…
A: journal entries are considered to be an important part of accounting in which the relevant account…
Q: Compute the company's current ratio for 2018, 2019, and 2020. (Round your answers to 2 decimal…
A: Financial ratios are those which provide a summary of the accounts of a company and helps an…
Q: arise by ratificatio
A: Agency by Ratification is defined as where someone approves or accepts of some one else's deeds on…
Q: (The following information opplies to the questions displayed below] Information on Kwon…
A: The cost of goods manufactured includes direct materials, direct labor and applied overhead cost.
Q: Apex Chemicals Ltd acquires a delivery truck at a cost of $36,500 on 1 January 2016. The truck is…
A: Fixed assets are those assets which are being held or acquired by the business for a long period of…
Q: On January 1, Pope Enterprises’ inventory was $625,000. Pope made $950,000 of net purchases during…
A: Cost of goods sold = Beginning Inventory + Purchases - Ending Inventory Ending Inventory = Beginning…
Q: The company also uses standard costing techniques and the following data has been provided for the…
A: Cost Variances: Cost variances are used to determine the deviations between cost of material, cost…
Q: The Chapter 7 Form worksheet is to be used to create your own worksheet version of the Review…
A: Office Mart Order consists of following Customers 1 Customer Orders 11 orders Number of…
Q: The accountant of Meema Inc. established a petty cash fund of P1,400. During September, the fund…
A: The petty cash fund is created to maintain the cash balance for day to day transactions of the…
Q: During 2021, a company sells 359 units of inventory for $86 each. The company has the following…
A: Solution:- Calculation of Ending inventory using LIFO method as follows under :- Ending inventory…
Q: Ted Coverdale and Jim Kulak set up a new limited liability company on May 16, 2020. Ted contributes…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: Activity Research conducted to develop Dance- Design and construction of prototype Testing of models…
A: Carrying value refers to the cost of an asset which is obtained after subtracting the accumulated…
Q: Robin Inc. shows the following manufacturing costs for the Third quarter of the year: Production…
A: Lets understand the basics. In high low method, fixed cost and variable cost gets separate from the…
Q: The critical assumption in the model of demand and supply about the independence of demand and…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: explain the difference between the net income and net income available for common shareholders.
A: Introduction:- i)Net income means as follows under:- Net income means deduction of all expenses…
Q: Sudbury enr, completed the following transactions in January: Date Operations January 2 Purchase on…
A: Calculation 1. 2/10, n/30 means 2% discount will be given if the amount is paid within 10 days…
Q: B8 Inc's sales during 2021 totaled $375,000, and the company estimates that warranty costs will be…
A: Journal etries Warranty Expense A/c Dr. $ 16500 ($375000 x 4.4%) Warranty Payable A/c Cr.…
Q: Needed in 20 minutes 6. Q Company has the following information on December 31, 20x1 before any…
A: Account receivables means the amount which is due from outsider for the goods or services rendered…
Q: the task of preparing the cash budget for the business for the quarter ending September 30, 2022.…
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…
Q: PA9-4 (Algo) Recording Transactions and Adjustments for Tangible and Intangible Assets [LO 9-1, LO…
A: In the given case, journal entries are required to be prepared to record the acquisition and…
Q: Pickens Corporation declares and issues a 10% stock dividend. On the date of declaration, the stock…
A: Journal Entry Account Titles and Explanation Debit Credit Retained Earnings $…
Q: . Prepare the journal entry to record the sick pay earned in 2020. b. Prepare the journal entry to…
A: As per our protocol we provide solution to the one question or up to first three sub-parts only but…
Q: A cash budget, with a total column
A: Cash collection from sale of: Sales on account July August September May 480,000 72,000…
Q: Icebreaker Company (a U.S.-based company) purchases materials from a foreign supplier on December 1,…
A: Given that : Icebreaker purchase material from foreign supplies on 1 December 2020 and sales to be…
Q: 7 From the give trial balance prenare adiusting iournal ontries at the end of the vear:
A: In Accounting system after a specific accounting period we prepare…
Q: if land and buildings are R100000, vehicles R75000, equipment 80000 and cash and cash equivalent…
A: Non-current assets are assets that are not expected to be acquired within one year of accounting.…
Q: breakdown loss, Long Industries incurred various expenses. In Long's Equipment Breakdown Protection…
A: Generally the extra expenses and expenditing expenses are considered to be confusing terms. in…
Q: Driver Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards,…
A: A company may have multiple divisions and when the company has surplus funds the top management of…
Q: Given the estimated sales forecast and the estimated relationship between inventories and sales,…
A: Inventory refers to those goods/units which is purchased by the manufacturing business for the…
Unit VIII question 3 part b
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- nttps:25A%252F%252HM..mh A company allocates materials handling cost to the company's two products using the below data: Product A Product B Total expected units produced 5,400 11,800 Total expected material 530 470 moves Expected direct labor-hour 670 150 per unit The total materials handling cost for the year is expected to be $182,000. If the materials handling cost is allocated on the basis of direct labor-hours, how much of the total materials handling cost would be allocated to the Product B? (Round your intermediate calculations to 5 decimal places.) Multiple Choice $97,944 $74,263 $35,671 $59.79117 Belsky Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Assembly Estimated Overhead Cost $ 999,600 Processing orders Inspection $ 101,300 $ 138,700 Expected Activity 68,000 machine-hours 2,000 orders 1,900 inspection-hours The company makes 450 units of product Q19S a year, requiring a total of 710 machine-hours, 42 orders, and 12 inspection-hours per year. The product direct materials cost is $36.31 per unit and its direct labor cost is $30.05 per unit. According to the activity-based costing system, the unit product cost of product Q19S is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $96.23 per unit О $66.36 per unit $87.70 per unitParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing method
- Problem 4 The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Added in Department B Transfer Materials Conversion Units In (In pesos) Cost (PhP) In process, Oct. 1 Received from Department A Total 5,000 20,000 25,000 19,000 (in Pesos) 9,990 39,010 1,020 21,855 998 21,877 Transferred out Normal Loss 1,000 Abnormal loss 500 In process, Oct. 31 Factory costs are applied evenly throughout the process. Beginning work in process was 20% done while ending work in process is % done. Abnormal loss occurred at the end of the process. What should be the accumulated cost of work in process as of October 31 if the normal loss occurred during the process (with adjustment for lost units based on the remaining good units? 4,500EXERCISE 1 XYZ Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity $45,000 80,000 15,000 30,000 50,000 Number of moves Material-handling costs.. Machine costs... 450 Machine hours.. Number of orders. Number of parts.. Number of setups.. 20,000 Order costs.. 750 Receiving costs.. Setup costs.. 50,000 250 Assume that each activity corresponds to a process. XYZ's normal activity is 5,000 direct labor hours. The following two jobs were completed during March: Job X-1 Job Y-4 $1,500 $750 Direct materials $2,000 $750 Direct labor ($15 per hour)... Units completed... Number of moves. Machine hours.. Number of orders. Number of parts. Number of setups.. 200 200 3 6 125 75 3 12 200 800 1 4 Required: 1. Determine the unit cost for each job using direct labor hours to apply overhead.erlal Accounting- Spring21 Time left 1:34:22 XYZ Co. manufactures three types of remote-control devices:X, Y, and Z. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below. Activity Cost Driver Cost Material handling $225,000 Number of parts Material insertion 2,475,000 Number of parts Automated machinery 840,000 Machine hours Finishing 170,000 Direct labor hours Packaging 170,000 Orders shipped Total $3.880.000 The following information pertains to the three product lines for next year: Units to be produced 10,000 5,000 2,000 Orders to be shipped 1,000 500 200 10 15 25 Number of parts per unit Machine hours per unit 1 3 Labor hours per unit 2 Windows bu What is pool rate for the automated machinery activity? Is buu sc) NG
- TB MC Qu. 14-77 Newton Manufacturing has... Newton Manufacturing has 71,900 labor hours available for producing M and N. Consider the following information: Required labor time per unit (hours) Maximum demand (units) Contribution margin per unit Contribution margin per labor hour Multiple Choice O If Newton follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate? O $41,600 $98,750. $99,150. $101,750. Product M None of the answers is correct. 7,100 $ 6.00 $ 1.50 Product N 5 9,100 $ 6.50 $ 1.30Table 2Activity Cost Pool Total Cost Total ActivityAssembly $ 1,114,920 57,000 machine-hoursProcessing orders $ 47,016 1,800 ordersInspection $ 107,328 1,560 inspection-hours Use Table 2 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 2). The company makes 430 units of product ABA a year, requiring a total of 1,120 machine-hours, 35 orders, and 40 inspection-hours per year. The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit. The product sells for $130 per unit. According to the activity-based costing system, the product margin for product ABA is: Select one: a. $4,290.10. b. $3,815.50. c. none of the given answer. d. $4,159.50. e. $3,602.10.Compute conversion costs given the following data: direct materials, $366,300; direct labor, $191,700; factory overhead, $208,000 and selling expenses, $48,200. Oa. $574,300 Ob. $159,800 Oc. $399,70o Od. $766.00o > ( Previous Next 3:23 PM 53°F Sunny A 12/14/2021 a %23 2)
- The following are ABC co's production cost for the month of October: Direct Materials P100,000 Direct Labor 90,000 Factory Overhead 4,000 1. The total manufacturing cost? 2. The prime cost? 3. The conversion cost? 4. The cost than can traced to specific product in production process?Standard cost data to produce one unit of XXX: Material SAN 10 meters at P 6/m 12 meters at P 4.5/m 5 hours at P 10/hr 4 hours at P 9/hr Actual data available for the company for the year 2020 are as follows: Raw materials used for SAN Material JOSE Direct Labor Overhead Raw materials used for JOSE Payroll (paid) Actual Overhead cost P 58,000 P 51,500 P 52,500 P 37,200 Operating expenses During the year, 1,000 units were produced by the company. At the end of 2020, 960 units were sold at P 250 per unit with zero discounts. What is the standard cost of goods sold? P 22,100Data table Direct materials.. $ 18,000 Direct labor 3,200 Variable manufacturing overhead..... 2,340 6,700 Fixed manufacturing overhead $ 30,240 Total manufacturing costs Cost per pair ($30,240 ÷ 1,890) $ 16.00 ... %24 %24