Compute for Delivery Cycle time
Q: Distinguish between continuous, batch, and made-to-order processing.
A: In a batch processing, a sequence of steps are followed in a defined order. Continuous processing…
Q: Define value of operations, Vop
A: Definition: The Present Value of all future free cash flows which are discounted at the Weighted…
Q: Write out the equation for the value of operations.
A: It is a fiscal performance computation that estimates the amount of operating cash flows (OCF) that…
Q: Define direct write-off method
A: Accounts receivable: Accounts receivable refers to the amount to be received within a short period…
Q: Define Modified Accelerated Cost Recovery System (MACRS)
A: If a company purchases a fixed asset, the value of the asset cannot be same every year. The value of…
Q: ansactions
A: Working Notes :- Cash A/c Date Jan…
Q: Assign costs to unitsusing the FIFO method.
A: FIFO Method: It is a method of inventory costing where the inventory purchased first is the first…
Q: Define operating cycle.
A: Definition: Merchandising businesses: Merchandising companies that buy goods from suppliers, or…
Q: e overhead rate
A: Overhead of purchasing activity Total overhead * Percentage of overhead for purchasing activity…
Q: Define software development costs.
A:
Q: ials Added ng Overhead
A: Given as, January 1 Bal. $ 0Transfer from…
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A: In the time of COVID. The culprit is a worldwiide shortage of computer chips. This latest…
Q: Define restructuing costs.
A: Income statement: The financial statement which reports revenues and expenses from business…
Q: Define each of the following terms: f. Just-in-time system; outsourcing
A: Answer: Just-in-time system: This is the method for managing inventories. It was developed by…
Q: Define overhead costs.
A: Overhead costs are the total amount of the cost other than the cost of manufacturing a product. The…
Q: Briefly differentiate between activity-based and time-based allocation methods.
A: Allocation method:The allocation method is referred to as the method in which the allocation base is…
Q: A _________ approach actually schedules in detail eachresource using the setup and runtime required…
A: The business received orders, and then they take some time for manufacturing the products,…
Q: Explain manufacturing cycle time.
A: Definition: Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…
Q: Activity Machin Number Number Direct la
A: Plantwide Overhead rate is equal to Total Budgeted Overhead divided by Total direct labour hours.
Q: In your words, take about the Master Scheduling
A: Master production schedule refers to the plan for the production of a good at a time period. It…
Q: Define period costs.
A: Period costs are not joined to items and the company does not need for Offer on Sale of items and…
Q: predetermined overhead rate
A: Predetermined overhead rate = Total estimated overhead/Total machine hours
Q: tracing and allocating cost to cost object
A: Cost Allocation is the process of identifying various cost pools and allocating them to cost object…
Q: Discuss transaction cycles.
A: A transaction cycle is an interlocking set of the business deals. Utmost of these deals can be…
Q: COMPUTE FOR THE GUMV
A: Total cost for a period is the amount of money which has been incurred or which is fixed for the…
Q: single predetermined overhead rate using volume-based drivers,
A: If a single predetermined overhead rate based on volume-based drivers is used for all products, cost…
Q: What are the advantages of real-time processing?
A: Real Time Processing: Real time processing is performed in conditions where the transactions in the…
Q: s predetermined overhead rate f
A: Estimated total variable manufacturing overhead (A) $802,500 Estimated total fixed manufacturing…
Q: Гxemplar Exer operation
A: 1 Cost per unit of finished goods using: Absorption costing Direct material per unit 11…
Q: COST ACCOUNTING PLS SHOW SOLUTION
A: Solution:- 7)Calculation of over-allocated or under-allocated conversion costs for the month as…
Q: Explain standard costs.
A:
Q: A/an __________ approach actually schedules in detail eachresource using the setup and runtime…
A: In terms of the manufacturing in the company, finite capacity scheduling also known as finite…
Q: What is the difference between delivery cycle time and throughput time? What four elements make up…
A: Difference between delivery cycle and throughput time: The delivery cycle is a complete process from…
Q: Explain techniques for estimating task completion times and costs
A: Two key features of a project are on- time and on- budget delivery.The project manager can only…
Q: Please answer performance measurements allocation
A: Activity based costing system: It is precise method of allocation of overhead to the products. Under…
Q: please help me finish this in FIFO method!
A: Cost accounting is widely used by cost accountants to determine the cost of products produced in the…
Q: Explain an example how to calculate total costs.
A: Total c osts represents overall costs incurred to produce or procure a product.
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- ABM Enterprise reported business transactions for a certain month in 2020: Unit Price, P55.75; Variable Cost Per Unit, P25.50, and Total Fixed Cost, P45,375.00. a. Compute for the number of units to be sold in order to break-even. b. How is the amount of sales to break-even?Question 1: Muscat Company has the financial information given in the table for the year ended on 30 September 2021. It is assumed that volume of production and volume of sales are equal. According to the information given, you are required to calculate the following; a) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as percentage) amount and as OMR Sales (actual) 1,600,000 Total fixed cost 900,000 Selling price per unit 375 Variable cost per unit 225Abu Industries developed the following information for the product it sells: Sales price Variable cost of goods sold RM50 per unit RM28 per unit Fixed cost of goods sold Variable selling expense Variable administrative expense Fixed selling expense Fixed administrative expense RM650,000 10% of sales price RM2.00 per unit RM400,000 RM300,000 For the year ended 31 December 2020, Hasanah produced and sold 100,000 units of product. Required: (a) Illustrate a CVP income statement using the contribution margin format for Abu Industries for 2020. (b) Give the FIVE (5) basic components of CVP Analysis.
- A company has following details for this yearDetails Total sales($) Total cost($) Details Total sales($) Total cost($)Year ended 31/12/2018 35,78,998 25,89,709Year ended 31/12/2019 48,90,742 31,67,984 Calculate P/V ratio, Fixed cost, break even sales, Margin of safety 2018/2019, Variable cost 2018/2019and percent of fixed cost 2018/2019Question 1: Salalah Company has the financial information given in the table for the year ended on 31 December 2020. Calculate the following a) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as amount and as percentage) OMR Sales (actual) Total fixed cost Selling price per unit Variable cost per unit 800,000 450,000 275 125Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income tax
- Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. Thecompany has a maximum production capacity of 100,000 units per year. Operating at normal capacity, thebusiness earned Operating Income of $600,000 in 2020. The following cost data has been prepared for theyear ended December 31, 2020.Selling price per unit……………………………………… $50.00Production Costs:Direct Materials …………………………………. $10.00Direct Labour ……………………………………. $8.00Variable Manufacturing Overhead ……………. $7.00Fixed Manufacturing Overhead…………....................... $450,000Fixed Selling & Administrative Expenses……………… $300,000Variable selling expense per unit ………………………. $10.00 1. Greek’s management team is concerned about the selling expenses associated with the product and wants to reduce the variable selling expense per unit by 30%, which will see a simultaneous reduction in the total fixed selling expenses by $30,000. If they are able to accomplish this feat, it is expected…Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. Thecompany has a maximum production capacity of 100,000 units per year. Operating at normal capacity, thebusiness earned Operating Income of $600,000 in 2020. The following cost data has been prepared for theyear ended December 31, 2020. Selling price per unit……………………………………… $50.00Production Costs:Direct Materials …………………………………. $10.00Direct Labour ……………………………………. $8.00Variable Manufacturing Overhead ……………. $7.00Fixed Manufacturing Overhead…………....................... $450,000Fixed Selling & Administrative Expenses……………… $300,000Variable selling expense per unit ………………………. $10.00 Show ALL supporting workings where necessary and state any assumption(s) made. Required: f) The President of Greek Manufacturing is under pressure from shareholders to increase operating income by 30% in 2021. Management expects per unit data and total fixed costs to remain the same in 2021. Using the…Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. Thecompany has a maximum production capacity of 100,000 units per year. Operating at normal capacity, thebusiness earned Operating Income of $600,000 in 2020. The following cost data has been prepared for theyear ended December 31, 2020.Selling price per unit……………………………………… $50.00Production Costs:Direct Materials …………………………………. $10.00Direct Labour ……………………………………. $8.00Variable Manufacturing Overhead ……………. $7.00Fixed Manufacturing Overhead…………....................... $450,000Fixed Selling & Administrative Expenses……………… $300,000Variable selling expense per unit ………………………. $10.00Required:a) Using the equation method, calculate the normal capacity of the business. d) Assuming sales equal to the normal capacity calculated in a) above, prepare a contribution marginincome statement for the year ended December 31, 2020, detailing the components of total variablecosts and total fixed…
- Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. Thecompany has a maximum production capacity of 100,000 units per year. Operating at normal capacity, thebusiness earned Operating Income of $600,000 in 2020. The following cost data has been prepared for theyear ended December 31, 2020. Selling price per unit……………………………………… $50.00Production Costs:Direct Materials …………………………………. $10.00Direct Labour ……………………………………. $8.00Variable Manufacturing Overhead ……………. $7.00Fixed Manufacturing Overhead…………....................... $450,000Fixed Selling & Administrative Expenses……………… $300,000Variable selling expense per unit ………………………. $10.00 Show ALL supporting workings where necessary and state any assumption(s) made. Required: a) Using the equation method, calculate the normal capacity of the business. b) Calculate: i) the variable production cost per unit ii) the total production cost per unit iii) The total variable cost per unit iv) Total…Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. Thecompany has a maximum production capacity of 100,000 units per year. Operating at normal capacity, thebusiness earned Operating Income of $600,000 in 2020. The following cost data has been prepared for theyear ended December 31, 2020.Selling price per unit……………………………………… $50.00Production Costs:Direct Materials …………………………………. $10.00Direct Labour ……………………………………. $8.00Variable Manufacturing Overhead ……………. $7.00Fixed Manufacturing Overhead…………....................... $450,000Fixed Selling & Administrative Expenses……………… $300,000Variable selling expense per unit ………………………. $10.00 d) Assuming sales equal to the normal capacity calculated in a) above, prepare a contribution marginincome statement for the year ended December 31, 2020, detailing the components of total variablecosts and total fixed costs, and clearly showing contribution and net income. e) The recession in the economy…Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. Thecompany has a maximum production capacity of 100,000 units per year. Operating at normal capacity, thebusiness earned Operating Income of $600,000 in 2020. The following cost data has been prepared for theyear ended December 31, 2020. Selling price per unit……………………………………… $50.00Production Costs:Direct Materials …………………………………. $10.00Direct Labour ……………………………………. $8.00Variable Manufacturing Overhead ……………. $7.00Fixed Manufacturing Overhead…………....................... $450,000Fixed Selling & Administrative Expenses……………… $300,000Variable selling expense per unit ………………………. $10.00