9. Economic Lot Size SM (Soriano-Manuel) Bookstore publishes a book about RFBT. SM prints 5,000 copies of the book evenly throughout the year. The set-up cost is P 10 while the optimal production run (economic lot size) is 200. REQUIRED: How much is the unit carrying cost of the book per year?
Q: Copper Explorations recently acquired the rights to mine a new site. Equipment and a truck were…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: 2. Which of the following is an appropriate aggregation? A. Cash and cash equivalents (Cash in bank…
A: A balance sheet is a financial statement that provides a snapshot of a company's financial position…
Q: Suppose the years 2005 to 2009 were a period of rapid growth for a certain chain of coffeehouses and…
A: Asset turnover ratio This ratio is used to measures the efficiency of a company assets in…
Q: 3 9 A Amounts billed to clients for services rendered Cash collected from clients Cash…
A: Income statement :— It is one of the financial statement that shows profitability, total revenue and…
Q: Q4 Financial Activities during Jan 2020 (Only these transactions during the month) AR Payments…
A: Balance sheet - is the financial statement that is also called a statement of financial position. It…
Q: Discuss the importance of an internal risk assessment and auditing process in relation to Washington…
A: An internal risk assessment is the process by which an organization identifies and evaluates…
Q: Based on the following information and the post-closing trial balance that follows, prepare a…
A: Balance Sheet is the financial statement that records all the assets, liabilities and Stockholders'…
Q: Textbook Ref LO 12.2 Review the following transactions and prepare any necessary journal entries for…
A: When an advance is received from customer, it is treated as a liability, since it is not earned yet.…
Q: A corporation sold 9,000 shares of its $10 par value common stock at a cash price of $13 per share.…
A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: Jamlee Investment Ltd is planning to make 120,000 units per period of a new product. The following…
A: The investigation of the discrepancy between the anticipated and actual figures is referred to as…
Q: Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold…
A: The Variance is calculated as difference between what are the actual and flexible amount. In case…
Q: Sunland has the following production information available regarding its lawn mowers: Unit…
A: For costing purposes, whenever a scarce resource or a limited factor is given in the production…
Q: es In each of the following cases, certain qualifying education expenses were paid during the tax…
A: Maximum allowed AOTC and life time learning credit is $2500 and $2000 respectively. AOTC can be…
Q: Pierce, an independent auditor, was engaged to examine the financial statements of Wong…
A: Auditing is the process of examining financial statements, records, and other financial information…
Q: 11. Find the present values of these ordinary annuities. Discounting occurs once a year. a. $400 per…
A: Time value of money is a financial concept which is used to calculate the value of money in present…
Q: Bramble Company sold $8,170 of its specialty shelving to Elkins Office Supply Co. on account.…
A: Given in the question: Bramble Company sold goods whose value is $8,170 on credit basis to the…
Q: Problem solving question: Bonds Payable (CLO #2) O'Malley Company issued $800,000 of 8% bonds on…
A: Bonds This are the units of corporate debt issued by companies and referred as tradeable assets. A…
Q: The risk of fraud in a computerized system is lower than in a manual system because of the use of…
A: The answer to the question is given below :
Q: Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials…
A: Period costs are the costs relating to selling and administrative expenses. These do not include…
Q: Your answer is partially correct. Prepare all entries required for 2024, including recognition of…
A: FV-NI stands for "Fair Value through Net Income." Accounting for securities under FV_NI is a method…
Q: Q1- Please determine the payroll accrual Amounts for closing March 2021 Q2-Please prepare payroll…
A: Payroll tax refers to taxes that employers are required to withhold from their employees' wages and…
Q: In this session, we discuss property acquisitions and dispositions. In financial accounting, the…
A: Depreciation is defined as the method implemented to allocate the cost of a long-term asset over its…
Q: Rr.23. The following information is available for Elliot Company. (c)Prepare a classified…
A: The balance sheet is a summary of permanent accounts prepared at the end of the accounting period.…
Q: Prepare the journal entry to record the purchase of bonds on January 1. Assume that the bonds are…
A: The financial instrument issued at a premium. In this scenario, the difference between the amount…
Q: The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling…
A: EQUIVALENT UNITS OF PRODUCTION ARE THE PORTION OF WORK THAT IS STARTED AND COMPLETED.
Q: Shwonson Industries reported a deferred tax asset of $5.50 million for the year ended December 31,…
A: Solution : Income tax payable = Taxable income * tax rate Decrease in deferred tax assets = Existing…
Q: equirements: . Using the high-low method, and based upon the data collected: (a) estimate the…
A: Introduction: - High-low method is one of the techniques that is used to separate fixed and…
Q: the separately, prep vak s journal y for the December 31 interest accrual. (Round answers to 2…
A: FV_NI stands for "Fair Value through Net Income." Accounting for securities under FV_NI is a method…
Q: On December 31, 2022 Peyton Corporation restructured its debt. Peyton was experiencing cash flow…
A: Debt restructuring refers to the process of modifying the terms and conditions of an existing debt…
Q: (c) Restate the quarterly data by applying overhead as a set rate per batch.
A: Manufacturing overhead is one of the types of overheads which represents indirect expenditure which…
Q: Question 10 Dhara owns a domino factory that allocates overhead on the basis of machine hours. At…
A: Predetermined overhead rate = Estimated manufacturing overhead/Estimated machine hours
Q: Nabb & Fry Co. reports net income of $30,000. Interest allowances are Nabb $6,000 and Fry $5,100,…
A: PROFIT DISTRIBUTION BETWEEN THE PARTNERS Profit are Distributed Between the Partners in their…
Q: Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process…
A: Formula used: Units completed and transferred out=Beginning inventory+Units started this…
Q: Aviatrix Avionics makes three types of radios for small aircraft—Model A, Model B, and Model C.…
A: Manufacturing costs are those which are involved in the process of production. It includes the…
Q: Margin of safety a. If Kirwan Company, with a break-even point at $308,000 of sales, has actual…
A: The margin of safety must be divided by the total quantity of sales in order to calculate the margin…
Q: administrative expenses 2 Compute the cost of ending finished goods inventory reported on the…
A: To compute the cost of ending finished goods inventory using variable costing, we need to calculate…
Q: Milan Corporation purchased an equipment costing P100,000 on July 1, 2008. The equipment has an…
A: Depreciation :- It is the allocation of depreciable cost over the useful life of asset.…
Q: You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door…
A: The activity variance is the difference between flexible and master budget. The spending variance…
Q: An estate agent must ensure that the computerised accounting system for the estate agency business…
A: A trust ledger account is a type of accounting record used in businesses such as estate agencies,…
Q: Required Information Exercise 8-18 Complete the accounting cycle (LO8-1, 8-2, 8-4, 8-6) On January…
A: Adjusted Trial Balance is the statement prepared after entering all adjustments to the unadjusted…
Q: Accounts Receivable in June 1 = $180,000 + $55,000 + $60,000 = $295,000 Where is 60k coming from?
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: Menlo Company distributes a single product. The company's sales and expenses for last month follow:…
A: Break Even Point :— It is the point of production where total cost is equal to total revenue. At…
Q: fixed costs by $241,000. The selling price per unit will not change. ASTRO COMPANY Contribution…
A: In accounting, the breakeven point is calculated by dividing the fixed costs of production by the…
Q: Use the following information to determine net income in the financial statements under GAAP: Number…
A: Net income is the amount of money earned by the entity after deducting all the expenses from the…
Q: Raider Corporation uses the weighted average method in its process costing system. The Molding…
A: Conversion cost can be calcualted by multiplying equivalent units of production with the allocation…
Q: Required: 1. Prepare a flexible budget performance report for July that includes revenue and…
A: Revenue and spending variance :— It is the difference between actual results and flexible budget.…
Q: The operations vice president of Jessminder Hotels has been interested in investigating the…
A: Under the activity-based costing method, different costs are assigned to different activities as per…
Q: Batches Incorporated produces joint products L. M. and N from a joint process. Information…
A: Net realizable value is calculated by subtracting the separable processing cost from the sales…
Q: Which of the following is an example of an implicit transaction?
A: An implicit transaction is a type of transaction that represents the consumption or expiration of…
Q: Journalize the following transactions of Till A Lok Consultancy for the month of January: 2018 Jan.…
A: In accounting, journal entries are a record of financial transactions that a business has made. Each…
Step by step
Solved in 2 steps
- Neville’s Pillow Store sells pillows with a sales price of $25.00 each. Each pillow costs the company $20.00 to produce, and the store incurs a total of $130,000 in fixed costs each year. What is the yearly breakeven point in units? Select one: a. 6,500 pillows b. 5,200 pillows c. None of these oprions are correct. d. 26,000 pillows e. 39,000 pillowsThe following information is available for the publisher of "The Book World" Children's Books: Variable cost: Birr 10.00 per book Sales price: Birr 15.00 per book Fixed costs: Birr 35,000 per year These costs apply over a relevant range of the production of one book to the production of 40,000 books. A) What is the contribution margin per unit? B) What would operating income be at a sales level of 15,000 books? C) What is the breakeven point in units? D) Ignore the sales price of Birr15 per book. What would the sales price have to be for the publisher to earn operating income of Birr 165,000 on sales of 25,000 books? E) What would the sales be if the earning after tax is birr 86,450, given tax rate 30%The following information is available for the publisher of "The Book World" Children's Books: Variable cost: Birr 10.00 per book Sales price: Birr 15.00 per book Fixed costs: Birr 35,000 per year These costs apply over a relevant range of the production of one book to the production of 40,000 books. A) What is the contribution margin per unit? В) What would operating income be at a sales level of 15,000 books? C) What is the breakeven point in units? D) Ignore the sales price of Birr15 per book. What would the sales price have to be for the publisher to earn operating income of Birr 165,000 on sales of 25,000 books? E) What would the sales be if the earning after tax is birr 86,450, given tax rate 30% Question A,B and C is done please I need D & E
- A microbrewery purchases malt for production. The supplier charges $35 for delivery (no matter how much is delivered) and $1.20 per gallon. The annual holding cost is 35% of the price per gallon. Usage is 250 gallons/week. a) If the order quantity is 1000 gallons, what is the average inventory? b) If the order quantity is 1500 gallons, how many orders are placed each year? c) What is the EOQ quantity? d) If the order quantity is 2500 gallons, what is the sum of the ordering and holding costs PER GALLON? e) If orders are for the EOQ amount, what is the annual cost of the inventory system as a percentage of the annual purchase cost? f)If orders must be in integer multiples of 1000 gallons, how much should be ordered to minimize ordering and holding costs PER GALLON? g) A 3% purchase price discount is given if orders are for 8000 gallons or more. What would total annual costs (purchasing, ordering, and holding) be using this discount?Umbridge Purses Unlimited sells purses with a sales price of $25.00 each. Each purse costs the company $20.00 to produce, and the store incurs a total of $210,000 in fixed costs each year. What is the yearly breakeven point in units? Select one: O O C a. 10,500 purses b. 21,000 purses c. 8,400 purses d. 42,000 purses e. None of these options are correct.A hardware store sells paint that has a demand of 9,706 gallons per year. The store purchases the paint from a supplier for 11.2 dollars per gallon The unit holding cost per year is 24 percent of the unit purchase cost. while the ordering cost is 175 dollars per order. The paint supplier has a lead time of 10 days. What is the annual ordering cost if the store uses the order quantity of 2,103 gallons per order? Assume EOQ model is appropriate. Use at least 4 decimal places.
- Vallie Enterprise sells a product that costs $200 per unit and has a monthly demand of 500 units. The annual holding cost per unit is calculated as 2% of the unit purchase price. It costs the business $30 to place a single order. i)What is the cost-minimizing solution for this product each year?4. If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest and store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60, how much material should be ordered at one time? 5. Alexander pump LLC uses about 75000 valves per year and the usage is fairly constant at 6250 units per month. The valve cost of RO 1.50 per unit when bought in large quantities, and the carrying cost is estimated to be 20% of average inventory investment on an annual basis. The cost to place an order and process the delivery is RO18. It takes 45 days to receive delivery from the date of an order and a safety stock of 3250 vales is desired. You are required to determine. a. The most economical order quantity and frequency of orders. b. The most economical order quantity if the valves cost is RO 4.50 each instead of RO 1.50 eachItems purchased from a vendor cost $20 each, and the forecast for next year’s demand is 1,000 units. If it costs $5 every time an order is placed for more units and the storage cost is $4 per unit per year, a. What quantity should be ordered each time? b. What is the total ordering cost for a year? c. What is the total storage cost for a year?
- 3. A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year. Preparing an order and receiving a shipment of sugar involves a cost of P135. Annual carrying costs are P 630 per bag. The bakery operates 280 days per year. Lead time = 2 weeks. a. Determine the economic order quantity. b. What is the average number of bags on hand? c. When should the bakery order for more sugar? d. How many times per year will the bakery order for sugar?Suppose that Lou sells 9,000 wheels each month to outside customers. If the transfer pricing formula is used to find the transfer price, what is the appropriate price per wheel? A. P29.50 B. P31.75 C. P39.25 D. P42.00To make a product it costs $24 per liter. The importation cost is a fixed cost of $ 150 additional of the unit costs. The time that takes from placing the order to receiving it is 5 weeks. During this time the average consumed is 80 liters with a std dev. of 4 liters. If the products ends the costs is $45 per liter. They work 52 weeks a year. The anual interest is 20% What is the order size and reorder point if we want to accomplish 90% of demand in the cycles? What is the order size and reorder point if we want to minimize average costs? what would be service level type 2?
