Build up a unit rate per m³ of excavation work by using an excavator. Data Capital Cost Interest Transportation cost Maintenance cost Insurance Scrap value Operator Diesel Lubrication oil Consumption of diesel RM 320,000.00 4% of capital cost per year 2% of capital cost 3% of capital cost 4% of capital cost per year RM 5000.00 RM 250.00/day RM 2.18/litre RM 25.00/litre 15 litres/hour
Q: Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Favreau Corporation…
A: The journal entries are prepared to keep the record of day to day transactions of the business. The…
Q: The following are the information used to prepare erroneous statement of cash flows of Victoria…
A: Cash flows statement is one of the financial statement which shows all cash inflows and cash…
Q: The weekly time tickets indicate the following distribution of labor hours for three direct labor…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: McDonald's Corporation for 2012. INCOME STATEMENT OF MCDONALD’S CORP., 2012 (Figures in $…
A: Free Cash Flow :— Free Cash Flow is the Cash a Company generates after taking into consideration…
Q: sub- se
A: annuity: this is used in case of a future annuity – suppose an equal sum of money is invested in the…
Q: Closing Accounts
A: Closing Entries - Closing entries are required to close the temporary accounts after making…
Q: 5. Use the following tax table to answer this question: Taxable Income $0- 50,001- 75,001- 100,001-…
A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: Which of the following statements is CORRECT? a. One of the disadvantages of incorporating a…
A: There are many disadvantages of incorporating a business but the one mentioned above is not because…
Q: Jarvene Corporation uses the FIFO method in its process costing system. The following data are for…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to…
A: Fixed Cost is that type of cost which remains fixed irrespective of the level of production. For…
Q: Broncos Company leased equipment from Wilson-Tech Leasing on January 1, 2022. Other information:…
A: Introduction: Lease is an agreement between two parties wherein the one party known as lessor allows…
Q: need correct help with explanation computation formula
A:
Q: Use the information provided for Harding Company to answer the question that follow. Harding Company…
A: Introduction: Quick assets are current assets like accounts receivable which can be converted to…
Q: The question states: "Write a memo to the CEO, to offer your response to the request to skip the…
A: A memo is used by the company so that the information regarding the accounts can be sought by the…
Q: Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31,2a…
A: Treasury shares are those shares which are being repurchased or reacquired by the business. These…
Q: Based on the following post-closing trial balance of Rigodon Corporation on June 30, the end of its…
A: Net Profit Can be calculated by comparing the capital. Net Profit - Closing Owner's Equity + Drawing…
Q: JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY…
A: Lets understand the basics. Journal entry is required to make to record event and transaction that…
Q: Full Belly Farm grows organic vegetables and sells them to distributors and local restaurants after…
A: For accepting or rejecting a order we consider relevant cost and opportunity cost of the order. If…
Q: Directions: Record the following transactions in the appropriate journals. Lloyd Gurango Co.…
A: Every Company shall Record it's Financial Transaction in a proper Format. The first Stage of…
Q: Required information [The following information applies to the questions displayed below.] Martinez…
A: Answer:- Fixed cost meaning:- A cost that remains constant regardless of how many units of goods or…
Q: 7. If the company will use 230 hours labor hours in July, what would be the total predicted cost of…
A: The solution has been provided for the questions which have been asked by the student which are the…
Q: On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the following…
A: T Account :— T Account is Prepared After the Posting of All transactions into Journal Entries. A…
Q: Based on the five-firm concentration ratios calculated in above, determine the level of competition
A: The concentration ratio: In Economic, It is a ratio that indicates the size of business in relation…
Q: I need the debit and credit of the accounts Information given Land- 6,304, 800 Notes payable-…
A: Account balances is the balance with is in the respective ledger account and company knows very well…
Q: Partners W, X, Y, and Z form the Ace partnership, contributing the following: W Y Interest X 40% Z…
A: Solution A partnership is a form of business in which two or more partners are agree to share profit…
Q: Retained earnings at the beginning of the year is $100,000. Total assets are $400,000. Liabilities…
A: The retained earnings of the business include the Accumulated profits for the different years. The…
Q: S The company's adjusted trial balance includes the following accounts balances: Cash, $15,000;…
A: Adjusting Journal entries :— An income summary is a temporary account in which all the revenue and…
Q: Explain what a currency instrument is? Give examples of such currency instrument
A: Currency Instrument - Currency Instruments are those Instrument which is used globally for the…
Q: 2 Use Redlands’ 2020 balance sheet from Exhibit 2-1 in your Bergevin and MacQueen textbook as the…
A: INTRODUCTION General Journal The transactions of a firm are documented in a general journal. A…
Q: Who benefits the most from accounting regulation? Why
A: Accounting Regulations means the accounting laws, statutes, regulations, rules, standards and…
Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…
A: Depreciation - A business entity possesses a variety of resources that help the firm run. A…
Q: What is the relationship between various financial markets
A: Agencies, brokers, banks, and mediators that deal in the buying and selling of securities make up…
Q: Why are closing entries and reversing entries important in accounting?
A: Introduction:- A reversing entry are made at the beginning of an accounting period to reverse of a…
Q: Tara produces color cartridges for inkjet printers. Suppose cartridges are sold to mail-order…
A: Introduction: Variable costs are expenses that vary according to output or sales. Variable costs…
Q: TB MC Qu. 8-39 (Algo) A company's inventory on December 31, 2 24, was... A company's inventory on…
A: Introduction: Inventory is a type of asset that is intended to be sold in the normal course of…
Q: Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current…
A: Given in the question: Net Income during the year = 624 Depreciation Expense during the year = 540…
Q: If P20,000 is borrowed for 200 days at 12% per annum simple interest. How much will be due at the…
A: Simple interest measures the interest payment on the principal amount borrowed for a period of time.…
Q: Question 3 of 5 RETAIL SALES A bookstore can obtain a certain gift book from the publisher at a cost…
A: >Optimal Selling price would be that selling price per unit at which the bookstore would be…
Q: Decker Company has five products in its inventory. Information about ending inventory follows. Unit…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: XYZ Company is a landscaping service. In July, they provided $30,000 of services for several…
A: Recording income as per accrual basis As per the accrual-based income measurement, the income will…
Q: Consider the “control environment.” Asses why it is important for auditors to understand a client’s…
A: A control environment, also called "Internal control environment", is a term of financial audit,…
Q: At a sales volume of 42,000 units, Choice Corporation's sales commissions (a cost that is variable…
A: Solution Variable cost is the cost which is changed in proportion to company produces. It is fixed…
Q: Calculate the following ratios: Return on capital employed Current ratio Liquid ratio Return on…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: A company is evaluating a project with a useful life of 12 years that requires an investment of…
A: Introduction: Net present value method is one of the technique of capital budgeting which is used…
Q: DoKnow Co. like to estimate the variable and fixed cost components of its maintenance cost and has…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Tuition paid by your parents is _______. A new office building is _______. A. consumption…
A: The consumption expenditure means those type of the expenditure that is done by the household to…
Q: Break-even analysis is one type of cost-volume-profit analysis. © True O False
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: A manufacturer uses activity-based costing to assign overhead cost to products. Budgeted cost…
A: The activity rate can be calculated by dividing the total budgeted cost by dividing activity usage.…
Q: The following are budgeted data: July August September Sales (units) 5,000 20,000 18,000 Production…
A: Introduction: Raw materials or substances are needed in the early phases of creating or…
Q: Create a statement of cash flow for the current year using Wright Co's income statement and balance…
A: Solution Cash flow statement is prepared according to cash basis of accounting not accrual basis.…
Step by step
Solved in 2 steps
- QUESTION Build up a unit rate per m³ of excavation work by using an excavator. Data Capital Cost Interest Transportation cost Maintenance cost Insurance Scrap value Operator Diesel Lubrication oil Consumption of diesel Consumption of lubrication oil Excavator capacity per hour Profit and overhead Excavator working Economic life cycle of an excavator is RM 255,000.00 4% of capital cost per year RM 3000 5% of capital cost per year 6% of capital cost per year RM 7500.00 RM 300/day RM 1.80/litre RM 25/litre 15 litres/hour 2 litres/day 15m³/hour 7% 200 hour per month 7 yearsCalculate the conventional benefit-cost ratio for the alternative: Initial Investment Revenues Costs Salvage Value Useful life MARR Select one: a.1.3130 b.1.2960 c.1.4659 d.1.2114 e.1.3681 400000 190000 60000 100000 6 0.1QUESTION 3 For the below ME alternatives, which machine should be selected based on the AW analysis. MARR=10% First cost, S Annual cost, $/year Salvage value, $ Life, years Machine A Answer the below questions: B-AW for machine B= First cost, $ Annual cost, $/year Salvage value, $ Life, years 15000 9752 4,000 Machine A Answer the below questions: C-AW for machine C = 15000 Machine B 15892 4,000 22023 QUESTION 4 For the below ME alternatives, which machine should be selected based on the AW analysis. MARR=10%. 6,000 5,000 Machine B 30000 Machine C 6,000 5,000 10000 4,000 1,000 Machine C 11779 4,000 1,000
- For the below ME alternatives, which machine should be selected based on the AW analysis. MARR-10% Machine B 27,724 6,000 Machine A Machine C First cost, $ 15000 10000 Annual cost, S/year Salvage value, $ Life, years 8,293 4,000 4,000 5,000 1,000 Answer the below questions: B- AW for machine B= For the below ME alternatives, which machine should be selected based on the AW analysis. MARR 10%. Machine A 15000 Machine B Machine C 12,409 30000 First cost, $ Annual cost, $/year Salvage value, $ Life, years 17,181 6,000 4,000 4,000 5.000 1,000 Answer the below questions: C- AW for machine C=Plactice as to plant assets. - P... 00 Q 9.55: Annual depreciation expense is $24,000 for an asset that is being depreciated using the straight-Iline method, an estimated salvage value of $3,000, and an estimated useful life of 6 years. What is the cost of the asset? $144,000 B $147,000 $162,000 $141,000 Question Objectives SUBMIT Confidence O Mark for Review F12 F11 F10 F8 F5 F6 PA 8. 6. E R K H %24Use the information in Problem A-1 to solve this problem. Assume the delivery van is expected to have a useful life of 100,000 miles (Year 1, 40,000 miles; Year 2, 30,000 miles; Year 3, 20,000 miles; Year 4, 10,000 miles). Required Prepare a schedule of depreciation using the units-of-production method. Check Figure Year 3 depreciation, 3,200 PROBLEM A-1 A delivery van was bought for 18,000. The estimated life of the van is four years. The trade-in value at the end of four years is estimated to be 2,000.
- What is the most appropriate Analysis Period for the four different alternatives shown below? Item First Cost Uniform Annual Benefit Salvage Value Useful Life in Years Machine 1 $1,244,565 $273,804 $124,456 12 Machine 2 $2,297,397 $413,531 $229,740 20 d. 60 years e. 12 years Machine 3 $8,585,814 $1,416,659 $858,581 60 Machine 4 $3,737,193 $672,695 $373,719 30 Incremental Analysis (AIRR) b. 12 years for Machine 1; 20 years for Machine 2; 60 years for Machine 3; and 30 years for Machine 4 c. The average of the useful lives of the different alternatives, in this case, 30.5 yearsQuestion Completion Status: QUESTION 7 Question 7 The Humpty Doo Rare Earths Mining Company started mining operations on 1 July 2019. In the year to the 30th June 2020 three areas were explored, Europium, Gadolinium, and Terbium. The following costs were incurred: Exploration and evaluation costs Property, plant Exploration and evaluation costs. Intangibles assets Total site. costs D and equipment $m $m $m 9 27 Europium Gadolinium Terbium 18 30 9 36 Rare earths were discovered at Europium on 17th January 2020. In April 2020 after a review of the prospects for the Gadolinium site it was decided to abandon operations there. Exploration was still a work in progress at the Terbium site, but no decision had been made about the commercial potential of that site. Development. of the Europium site had continued during the year and at 30th June 2020 $36 million had been incurred. These costs are to be written off on a production basis. This cost relates to the construction of plant and…Question 36: Match each depreciation function with its best description. SLN SYD DDB Results in the same depreciation expense each period Bases depreciation on the number of years in the asset's useful life Accelerated depreciation method that doesn't consider salvage value in the initial calculations
- Problem 5 - Property Plant and Equipment Requirements: Calculate the (A) Cost Basis, (B) Straight line, and (C) Activity Method for Depreciation Purchase of a Truck Given cost base Price of $ 110,000 Tax and delivery $ 10,000 Salvage Value $ 20,000 Asset Life 5 years Estimated Mileage Traveled per year Yr 1 50,000 Yr 2 40,000 Yr 3 35,000 Yr 4 40,000 Yr 5 45,000 210,000 Miles (A) Cost Basis Calculations: (B) Straight Line Method Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Calculations: (C) Activity Method Yr 1 Yr 2 Yr 3 Yr 4 Yr 5…Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations. Expected ConsumptionRatios Activity Driver Quantity Wafer A Wafer B 7. Inserting dies Number of dies 2,200,000 0.7 0.3 8. Purchasing materials Number of purchase orders 1,900 0.2 0.8 1. Developing test programs Engineering hours 11,500 0.25 0.75 3. Testing products Test hours 20,000 0.6 0.4 ABC assignments $155,000 $155,000 Total overhead cost $310,000 Required: 1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting…Matching Cost Behavior Descriptions to Cost Behavior Graphs Select the graph (A through L) that best matches the numbered (1 through 7) italicized descriptions of various cost behavior. For each graph, the vertical (y) axis represents total dollars of cost, and the horizontal (x) axis represents output units during the period. The graphs may be used more than once. 1. The cost of depreciation. The asset being depreciated is a large piece of production machinery equipment where the straight-line depreciation method is used. letter _________ 2. The cost of operating a forklift. The forklift is used to move work-in-process inventory in groups of 100 units across the factory floor. letter _________ 3. The cost of direct materials. The first 2,000 pounds of direct materials are free because they are donated by the local city government. After that, the direct materials cost consists of a per-unit amount that decreases after a threshold of 2,500 total pounds is reached. letter _________ 4. The cost of inspecting finished goods inventory. Each unit is inspected by a quality expert who is paid the same amount for each unit inspected. letter _________ 5. The cost of product shipping for all output shipped in the period. The shipping cost per unit decreases with each unit shipped up to a certain number of units, at which time the shipping cost per unit remains constant. letter _________ 6. The cost of compliance with Environmental Protection Agency (EPA) regulations. An electric car plant manufactures car batteries. Part of the manufacturing process involves the emission of toxic chemicals into the environment, which is regulated by the EPA in the form of a fee assessed on a per-unit manufactured basis. The per-unit cost of complying with these regulations increases with every fifth battery produced. letter ______ 7. The cost of customer energy consumption. The local electric utility company uses a pricing system designed to encourage customers to conserve energy usage. Therefore, the rate per kilowatt-hour that is charged to customers increases with each hour the customer consumes. letter _______