absorption costing method.

Q: Maggie Corp. has a selling price of $25 per unit, variable costs of $11 per unit, and fixed costs of…

A: Contribution per unit = Selling price per unit - Variable costs per unit…

Q: culate the earnings of G. Henry using the straight piecework incentive scheme from the information…

A: Methods of Remuneration to the Worker/ Labour: Remuneration is the compensation against the services…

Q: The company produced 21,000 units, and sold 15,500 units, leaving 5,500 units in inventory at…

A: Variable costing are covered under marginal costing. Variable costing is a concept used in…

Q: 3.1 Calculate the total Marginal Income and Net Profit/Loss if all the tables are sold.  3.2 Use the…

A: Break even value is the value which every business wants to earn from the product which they are…

Q: Your company declared $13,800 cash dividends on stock. dividends payable at the beginning of the…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: The E.N.D. partnership has the following capital balances as of the end of the current year: Pineda…

A: Partnership is the collaboration of two or more persons to run a business so as to share profits. It…

Q: eda Enterprises has the option to invest in machinery in projects A and B but finance is only…

A: Payback period is the time taken to recover the initial cost of investment. Payback period considers…

Q: Bond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond…

A: At the time of maturity of bonds at par, investment in bonds account is credited with the nominal/…

Q: Timeless Toys hopes to raise as much long-term capital as possible for corporate expansion. However,…

A: The best way for a company to raise long-term capital while maintaining corporate control is to…

Q: Calculate the earnings of G. Henry using the straight piecework incentive scheme from the…

A: Straight Piece Rate = No. of units produced x Wage rate per unit straight piecework incentive scheme…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: The total variable cost includes direct materials, direct labor, variable manufacturing overhead,…

Q: If P19,000 is invested at 18% compounded semiannually, find the compound interest in 3 years.

A: Compound interest = A - P                                 = 31,864.902* - 19,000…

Q: Consider the financial statements alongside the notes presented by Simple Things Industries and…

A: Statement of cash flow is prepared in order to show the way the company has generated cash and the…

Q: Use the information provided below to prepare the Cash Budget for January and February 2023:…

A: Cash Budget can be prepared only for the cash income and expenses. Hence items which are non cash in…

Q: BFAR Corp. has ordinary share capital with par value of P50, and preference share capital with par…

A: The balance of the Share Premium account at the end of the year is P490,000.

Q: Ernest Company uses an imprest petty cash system. The fund was established on March 1 with a balance…

A: Solution: Petty cash fund is established to provide business with sufficient to cash to meet minor…

Q: If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round…

A: In accounting fixed costs remain fixed only within the relevant range of production. When the…

Q: Machinery Purchased for $ 800000 Accumulated depreciation value is $ 600000 Sold for $400000

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: the month of sale, 55% in the first month after sale, 22% in the second month after sale, and 3% is…

A: Introduction: The cash collection cycle is the number of days it takes to recover accounts…

Q: What is the number of shares to be used in computing diluted earnings per share for the yea

A: Diluted EPS = (Net Income – Preferred Dividend + Paid out to Dilutive Securities) / (Weighted…

Q: There are various types of auditors who have a variety of skills to conduct audits that are…

A: Auditors are the individuals who verify the company’s financial accounts, and plans and prepare…

Q: Tetros bros producing oxygen valves and it was leading in market share for its oxygen new gen kit…

A: Bonds was used to raise money for the business for various purposes in which the company will pay…

Q: BFAR Corp. was authorized to issue 300,000 P7 par value ordinary shares. It received subscriptions…

A: Subscribed share capital is the shares that have been subscribed by the investors. These may be paid…

Q: How much is the total shareholders' equity on December 31, 2021?

A: The Shareholders' Equity is consist of the net worth of the companies, and it also refers to the…

Q: Travis Company reports the following for its single product. Travis produced and sold 34,000 units…

A: Contribution margin is the amount of profit after deducting the variable expenses from the sales.…

Q: Journals entry 9 15 Purchased supplies on account for $1,100 from Digital Shot Company. Received…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: ABC Corporation is experiencing difficulty in paying its bills and is considering filing for…

A: Secured creditors co. Praises of fallowing  Both wages and taxes payable

Q: a. The market value of the comps should be available.   b. The valuation object should be compared…

A: d. The prices of the comps should be standardized, meaning a price ratio instead of the absolute…

Q: Use the information provided below to prepare the following for January and February 2023: 4.1…

A: Debtors Collection Schedule indicates average time taken to collect debt from debtor.

Q: 2. Change all of the numbers in the data area of your worksheet so that it looks like this: A…

A: Pre-determined overhead rate refers to the rate of allocation which is used for applying the…

Q: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the…

A: Variable overhead efficiency variance alludes to the distinction between the actual time taken to…

Q: Remy Corporation sold 5,000 units of its product at a price of $27 per unit. Total variable cost per…

A: In the context of the given question, we are required to compute the contribution margin for the…

Q: Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco…

A: First in, first out also known as FIFO is an accounting method in which items purchased first are…

Q: A. What is stockholders' equity? B.Cary Jones corp stockholders' equity totaled 99,000 at the…

A: Lets understand the basics. Balance sheet is divided mainly in three parts which are, (1) Equity…

Q: Please answer asap! UPVOTE will be given! No long explanation needed. Excel can be used.

A: Shareholder's Equity  is composed of: 1. The paid-in capital, as well as the common and preferred…

Q: The landfill for a particular city in Laguna has an area of 30 acres available for receiving waste…

A: Break even  point is the point in which the entity (landfill) will make no profit no loss. Hence at…

Q: Belle Company reports the following information for the current year. All beginning inventory…

A: In the absorption costing, fixed manufacturing overhead is treated as product cost and allocated to…

Q: Read the below information and answer the following questions INFORMATION Extract of the Statement…

A: Cash Budget are prepared using the information provided to find out the cash balance for June and…

Q: Beginning Inventory  3 units @ $4  $12 Purchases  10 units @ $7  $70 Sales 8 units   What is CGS…

A: Under Average costing, the cost of goods sold is calculated by multiplying average cost with the…

Q: 1. Calculate the normal tax consequences arising from the above distributions for Sehari (Pty) Ltd’s…

A: The tax slab rate as applicable is as follows: Taxable Income (R) Tax Rate R1 - R216,200 18%…

Q: A company manufactures a single product for which cost and selling price data are as follows: 12…

A: Break even point is the point at which there is no profit or loss. Margin of safety is the sales…

Q: an are payab Each of the four independent situations below describes a sales-type lease in which…

A: A lease is a contract that outlines the terms under which one party agrees to rent a property – in…

Q: Suppose that you are the manager of a coffee shop, and you are planning to invest o new coffee-maker…

A: Income Statement : It is the financial statement to prepared to know the performance and net income…

Q: Please answer asap! UPVOTE will be given! No long explanation needed. BFAR Corp. was authorized to…

A: Subscribed share capital is the amount of share capital that is being subscribed by the…

Q: Thornton Painting Company is considering whether to purchase a new spray paint machine that costs…

A: Unadjusted rate of return is computed by dividing the increase average income with the initial cost…

Q: On January 1, ABC, DEF and GHI admitted JKL as a new partner. The partners were sharing profits in a…

A: In the context of the given question, we are required to compute the capital balance of DEF.…

Q: Dec 1 Mahmood invested $25,000 cash in his business. 5 Paid office rent for the month $2,300.

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: GMA Corp. has the following information in its shareholders’ equity: Preference Share Capital, ₱100…

A: Legal capital is the amount of capital that can't be allowed to be distributed in any way. In other…

Q: A and B agreed to dissolve their relationship on January 1, 20x1. Their capital balances were P400,…

A: >Partnership is the business entity where there are two or more than two owners, known as…

Q: GMA Corp. has the following information in its shareholders’ equity: Ordinary Share Capital, ₱100…

A: Contributed capital is the total amount contributed towards purchase of all shares of a company.…

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.