How many units are estimated to be sold if ABC Co., has a planned production of 890,724, a desired beginning inventory of 160,000, and a desired ending inventory of 100,000 units?
Q: The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required:…
A: FICA taxes include Social Security and Medicare contributions. These taxes are deducted from the…
Q: On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as…
A: Financial statements include an income statement, a statement of owner's equity and a balance…
Q: Planning Specialists Investors is opening an office in Atlanta, Georgia. Fixed monthly expenses are…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Assume the Residential Division of Kopper Faucets had the following results last year: $ 16,000,000…
A: Return on investment helps in measuring the performance by evaluating the profit and efficiency of…
Q: West Co. paid $50,000 for an intangible asset other than goodwill. Fair value of the asset is…
A: Amortization expenses:-It is distribution of cost of intangible assets over period of time.Formula -…
Q: 1. All of the following is an advantage of a computerized accounting system when compared to a…
A: Computerized Accounting Systems are software installed in the computer to analyze the daily basis…
Q: Valuation date Value is: Select one: a. R4 500 000 b. R2 700 000 c. R3 450 000 d. R3 750 000
A: Valuation date value represents the assessed value of an asset at a specific point in time. It…
Q: Cash budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash…
A: A cash budget is a projection of a company's cash flows for a given time frame. The purpose of this…
Q: On December 31, 2023, Berclair Incorporated had 220 million shares of common stock and 4 million…
A: Earnings per share:EPS is the ratio between the net profit and outstanding shares of the company. It…
Q: Green Thumb Gardening is a small gardening service using activity-based costing to estimate costs…
A: Activity rate is the rate which is determined by the entity for the purpose of estimating the costs…
Q: Required information [The following information applies to the questions displayed below]…
A: The inventory can be valued using various methods as FIFO, LIFO and average method. Using FIFO, the…
Q: Adams Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction…
A: Variable costs means costs which changes along with change in sales activity level.The contribution…
Q: XYZ. Manufacturing overheads:…
A: The manufacturing overheads can be allocated to different departments as per the cost drivers such…
Q: ! Required information LeMay Department Store uses the retail inventory method to estimate ending…
A: Particulars cost retailBeginning inventory $43000…
Q: Tower Company owned a service truck that was purchased at the beginning of Year 1 for $32,000. It…
A: The depreciation is a noncash expense, it means it does not affect cash flows. The depreciation is…
Q: Anderson Candy Company budgeted the following costs for anticipated production for October: Line…
A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…
Q: Cullin Corporation realized a long-term capital gain of $10,000, a short-term capital gain of…
A: When a capital asset is sold after being held for more than a year and results in either a profit or…
Q: Using the same purchase information at the beginning of the question, prepare the table assuming…
A: Depreciation expense :— It is the allocation of depreciable cost of asset over the estimated useful…
Q: Ivanhoe Company earns 9% on an investment that pays back $93,000 at the end of each of the next 9…
A: Present value (PV) is the current value of a future sum of money or stream of cash flows given a…
Q: At the beginning of 2024, a company adopts the dollar-value LIFO inventory method for its one…
A: LIFO is the method of determining the ending balance of inventory where the cost of inventory is…
Q: Yost received 300 NGOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation…
A: Businesses employing ESOPs frequently see increases in productivity and financial success. Workers…
Q: Pharoah Company has a stock portfolio valued at $4,100. Its cost was $3,500. If the Fair Value…
A: Equity securities are classified as held for trading or available for sale based on management…
Q: Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $34.75 and…
A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a product.Total Cost Includes Cost…
Q: These expenditures were incurred by Crane Company in purchasing land: cash price $55,240, assumed…
A: As per IFRS 16 Property Plant and Equipment,the cost of property plant and equipment includes cost…
Q: At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $580 million. In…
A: When an asset's carrying value is more than its fair value, impairment loss is recognized.Book value…
Q: Jennifer Leasing Company signs an agreement on January 1, 2025, to lease equipment to Shamrock…
A: An agreement of contract that is prepared to transfer the right to use the resources for a…
Q: Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.4…
A: Variances are the differences between the actual values and budgeted values. If the budgeted values…
Q: a) $500,000 b) $1,160,000 c) $1,428,000 d) $2,285,600
A: Depreciation of 5-year tangible personal property involves allocating the cost of such assets over…
Q: Equipment was purchased at a cost of $55,000. The equipment had an estimated useful life of 5 years…
A: Gain or loss on fixed asset means the final money earned or incurred from an asset either at the end…
Q: Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores.…
A: ACTIVITY BASED COSTINGPerformance may be measured effectively with the use of activity-based…
Q: Three stocks have share prices of $47, $140, and $110 with total market values of $590 million, $540…
A: Price weighted index value = Sum of prices of stocks / Number of stocks
Q: ABT makes concrete blocks. Each unit (block) requires 25 pounds of raw materials costing $0.01 per…
A: The cost of ending inventory is a part of the total production cost. goods still available for sale…
Q: 2144 On February 3, Smart Company sold merchandise in the amount of $2,200 to Truman Company, with…
A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…
Q: amari, Inc is considering dropp 's budget for the upcoming year appear bela
A: The financial advantage or disadvantage of eliminating or continuing a product is calculated by…
Q: Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State…
A: Revenue and spending variances are calculated by subtracting the actual results of cost with…
Q: On September 22, 2024, a flood destroyed the entire merchandise inventory on hand in a warehouse…
A: INCOME STATEMENTIncome Statement is one of the Important Financial Statement of the Company. Income…
Q: Variable Overhead Variances, Service Company Rostand Inc. operates a delivery service for over 70…
A: Standard Hour AllowedActual Deliveries made38,600Multiply: Standard Labor rate $…
Q: ng Tool is a machine shop that uses job order costing. Overhead is applied to individual jobs at a…
A: A journal entry is a basic accounting record that is used to chronologically track financial…
Q: Majesty Antiques, Inc., began June with inventory of $47.900. The business made net purchases of…
A: Gross profit is the difference between sales revenue and cost of goods sold. The cost of goods sold…
Q: Crash Bang, Co. uses a standard cost system and provides the following information: Standards:…
A: The variable overhead efficiency variance refers to the difference between the actual time taken to…
Q: Zoom Tech Moldings allocates manufacturing overhead to jobs based on machine hours. The company has…
A: Predetermined Overhead Rate Is An Allocation Rate That Is Calculated By Dividing The Total…
Q: 4. Masters Corp has a 100,000 foreign currency denominated accounts receivable on its books that is…
A: FX Transaction Gain/(Loss) = USD Equivalent Value at Period's Closing - USD Equivalent Value at…
Q: On April 1, 2020, Shannon Company, a U.S. company, borrowed 100,000 euros from a The dollar value of…
A: A company's income statement offers insightful information about its financial performance,…
Q: Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following…
A: Variances are the differences between the actual values and budgeted values. If the budgeted values…
Q: Regular Company produces audio equipment, specifically headphones and speakers. A new CEO has just…
A: Manufacturing overhead is the indirect costs that are incurred during the manufacturing process,…
Q: on September 15, for 106, 000 crowns. It received 15. The following exchange rates for 1 crown appl
A: When sale is made to a foreign customer, sale is recorded at exchange rate prevailent on the date of…
Q: following information applies to the questions displayed below.] Rose Company had no short-term…
A: Accurately recording financial transactions is the foundation of accounting, and the journal entry…
Q: PE 12-11 Comparative Common-Size Income Statement Using the following data, (1) prepare comparative…
A: Comparative financial statements are used to compare two or more years to understand the financial…
Q: Required: Prepare an income statement for the company under variable costing. TREZ Company Income…
A: Variable costing system is one of costing system being used in business. Under this system, all…
Q: Oriole Company specializes in leasing large storage units to other businesses. Oriole entered a…
A: Lease is a legal agreement where the lessor provides the assets and the right to use it in exchange…
How many units are estimated to be sold if ABC Co., has a planned production of 890,724, a desired beginning inventory of 160,000, and a desired ending inventory of 100,000 units?
Step by step
Solved in 3 steps
- How many units are estimated to be sold it Skyline. Inc., has a planned production of 900,000 units, a desired beginning inventory of 160,000 units, and a desired ending inventory of 100,000 units?ABB Company reported the results from sales of 5,000 units of Product Y for April 2022. See image.Assume that ABB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to maintain an operating income of P20,000? Assume that ABB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to earn a net income of P48,000? ABB is subject to 25% corporate income tax.Hammond Supplies expects sales of 235,880 units per year with carrying costs of $2.18 per unit and ordering cost of $3.1 per order. Assuming the level of inventory is stable, what is the optimal average number of units in inventory? Round to the nearest whole number.
- BBB Company reported the results from sales of 5,000 units of Product Y for April 2022. See image.Assume that BBB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to maintain an operating income of P20,000?For XYZ Company, how many units of their product would have to be sold to yield a target operating income of $46,000 for the financial year ending 2021, assuming variable costs are $50 per unit, total fixed costs are $4,000, and ?the unit selling price is $60 units 5,000 .a O units 400 b O units 4,600 .c O units 1,000 .d OFor XYZ Company , how many units of their product would have to be sold to yield a target operating income of $92,000 for the financial year ending 2021, assuming variable costs are $50 per unittotal fixed costs are \$8, , and the unit selling price is $60 ? a. 800 units b. 2,000 units c. 10,000 units d. 9,200 units
- For XYZ Company, how many units of their product would have to be sold to yield a target operating income of $46,000 for the financial year ending 2021, assuming variable costs are $50 per unit, total fixed costs are $4,000, and the unit selling price is $60? O a. 400 units O b. 4,600 units Ос. 1,000 units O d. 5,000 unitsABC Corp has the following data in year 2020: Sales 400,000; Variable cost 300,000 and Net loss 50,000. If the company wants to have a profit ratio of 10% of sales in year 2021, how much is the additional sale needed by ABC Corp to meet the target profit ratio?Given: Peter Piper has projected sales of 72,000 pipes this year, ordering cost of P6 per order, and carrying costs of P2.40 per pipe. With the given data, can you give me the solution on how to get: -What is the economic ordering quantity? -Total inventory cost at EOQ -How many orders will be placed during the year?-What will the average inventory be? Thank you in advance.
- The Bebemo Company has provided information concerning its projections for the coming year as follows: Net sales - P10,000,000; Fixed manufacturing costs - P 1,000,000. Bush projects variable manufacturing costs of 60% of net sales. Assuming no change in inventory, what will the projected cost of goods sold be? A. P5,000,000 B. P6,000,000 C. P7,000,000 D. P8,000,000The ABC co.is planning to stock new product. The ABC co.has developed thefollowing information:Annual usage = 5400 unitsCost of the product = 365 MU/unitOrdering cost = 55 MU/orderCarrying cost = 28%/year of inventory value helda) Determine the optimal number of units per order?b) Find the optimal number of orders/year?c) Find the annual total inventory cost? Please mention formulas and do it in detail so I can understand.If the sales forecast estimates that 50,000 units of product will be sold during the following year, should the factory plan on manufacturing 50,000 units in the coming year? Explain.
