John has received a special order for 100 units of its product at a special price of $2,100. The product normally sells for $2,800 and has the following manufacturing costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit cost Per unit $ 840 420 560 700 $ 2,52 0 Assume that John has sufficient capacity to fill the order without harming normal production and sales. If John accepts the order, what effect will the order have on the company's short-term
Q: H has a 75% owned subsidiary S. During the year ending 31 December 2021 H sold inventory to S for an…
A: Lets understand the basics. When inter company transfer of inventory is made then unrealized profit…
Q: Metlock, Inc. had the following transactions during 2016. • Sales of $8100 on account • Collected…
A: Cash basis accounting: In cash basis accounting , revenue are recognized when payment is received…
Q: Khan Ltd. has two divisions, Europe and Asia. Europe produces a ball bearing that Asia uses in its…
A:
Q: Required information Exercise 9-12 (Algo) Record bonds issued at a premium and related semiannual…
A: Given information, Face value of bonds=$380,000 Stated interest rate =8% Carrying value of bonds…
Q: Required: 1. Prepare the adjusting Journal entry on December 31. 2. Post the beginning balances and…
A: Prepaid Insurance :— Prepaid insurance means the value of Insurance paid before the Actual date.…
Q: Question 28 The COSO model for internal control lists five specific areas encompassed by the control…
A: Lets understand the basics. Under coso framwork, one of the component of internal control is control…
Q: Perit Industries has $110,000 to invest. The company is trying to decide between two alternative…
A: Answer : Calculate Net present value of each project A and B . Discount rate is 16% Life of project…
Q: Marco Company shows the following costs for three jobs worked on in April. Balances on March 31…
A: The statement of cost of goods manufactured includes the cost of goods that are finished during the…
Q: Seaside Clinic uses activity-based costing to determine the cost of servicing patients. There are…
A: Absorption-based costing is the method that determines the overhead costs with respect to their…
Q: The total factory overhead for Landen Company is budgeted for the year at $675,000. Landen…
A: Introduction: An overhead rate applies to direct costs associated with production in order to spread…
Q: Janie graduates from high school in 2021 and enrolls in college in the fall. Her parents (who file a…
A: American Opportunity Tax Credit: The American opportunity tax credit (AOTC) is a credit for…
Q: Why does Apple Operations International (AOI)— the Irish subsidiary that captures most of Apple’s…
A: The company is liable to pay taxes. The tax liability may also be determined on the basis of the…
Q: S1] Under the current PPRS, a franchisor recognizes the initial franchise fee as revenue in full at…
A: Here asked for multi question we will solve for first question for you according to guidelines. If…
Q: The partnership agreement of Jones, King, and Lane provides for the annual allocation of the…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: The total cost of ownership for Supplier A is $. (Enter your response rounded to the nearest whole…
A: Given in the question: SupplierA SupplierB Price per motor $775.00 $1,025.00…
Q: Max borrows $15,500 for her last 2 years of college, acquiring a federal student loan at 8%…
A: Federal student loans, also known as government loans, allow students and their parents/guardians to…
Q: Prepare the entries for transaction below and indicate what journal it is 12 august received…
A: Journal entry ise to record accounting transaction under double entry system. Each journal entry…
Q: The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is…
A: Activity based costing is the costing technique that helps in allocating the overheads based on…
Q: Time left 0:21:5 Simone Company had no beginning work in process. During the period, 15700 units…
A: Units started into production=Units completed during the period+Units in ending work in…
Q: On January 1, 2021, Bambam Company sold an equipment to Lucas Company which had a carrying value on…
A: A note receivable is an asset account linked to an underlying promissory note that specifies in…
Q: E9-4 (Algo) Recording a Note Payable through Its Time to Maturity with Discussion of Management…
A: Introduction: A journal entry is a record of a business deal in the accounting system of an…
Q: is the function of a budget?
A: Budget is nothing but planned allocation of revenue and expenses so that it help organization the…
Q: What was the economic profit or loss of Julian’s online clothing store in 2019? E. Evaluate the…
A: Economic Profit is the Profit earned by any Person after subtracting the actual costs incurred to…
Q: Managers should pay little attention to bottleneck operations since they have limited capacity for…
A: In case of company manager play an important role in order to run the company and perform their…
Q: e 6 percent over the next 10 years. Answer parts (a) and (b). a. What is the current dollar…
A: Internal rate of return refers to the concept which evaluates the profitability factor of the…
Q: The table inputs are still wrong..........
A: Overhead over applied means, when the applied overhead is more than actual overhead incurred.…
Q: Tammy donates organization Wh WH
A:
Q: What is the default classification for an equity investment? A Fair value through profit or loss…
A: Answer:- Equity investment meaning:- Equity investment is purchasing the shares directly from the…
Q: The 2018 income statement and the 2018 comparative balance sheet of Ghent River Camp, Inc., have…
A: Cash Flow Statement There are mainly three parts in cash flow statement. The details are listed out…
Q: Beamish Incorporated, which produces a single product, has provided the following data for its most…
A: The production cost as per absorption costing includes direct expenses and manufacturing overhead.…
Q: The following information is available for XYZ Company: Sales (in units) Selling price Variable…
A: The Break-even point is the level of units to be sold by the business entity in order to recover the…
Q: 6. The Fixed and variable costs are costs classification according to: A) Cost traceability B)…
A: Fixed cost refers to the costs which remain fixed or constant with the increase or decrease in the…
Q: In March of Year 2, Mason contributed the following two properties, which he acquired in February of…
A: Adjusted base value describes the amount a person has invested in his property. Expenses incurred…
Q: Whispering Winds Corporation began operations on April 1 by issuing 59,500 shares of $5 par value…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: What purpose is served by preparing a trial balance in the accounting cycle?
A: Trial Balance: it is the statement of account balance which is prepared from closing balances of the…
Q: Based on the account balances below, what is the total of the debit and credit columns of the…
A: A trial balance is a statement that contains ledger balances. The sum of debit and credit of the…
Q: Beavis Construction Company was the low bidder on a construction project to build an earthen dam for…
A: Note: As per our guidelines, we will solve the first three subparts. a. Gross profit = [(Costs to…
Q: Regardless of the legal agreements, technology licensing, and the like between two companies,…
A: Any of the circumstances stated below is regarded as proof of strong significant influence: Board…
Q: What are the three main types of budgets?
A: The three main types of budgets: 1. Incremental budgeting:With incremental budgeting, the current…
Q: Journal entry worksheet < 1 2 Record the payment of the note and interest on the maturity date. Date…
A:
Q: Assuming Janie's parents have AGI of $165,600, what is the American Opportunity tax credit they can…
A: The education tax credit means the tax credit that is provided by the American government on the…
Q: Polymer Coating Enterprises has an operating income of $100,000 on revenues of $1,000,000. Average…
A: Lets understand the basics. Residual income is a net income generated over and above of minimum…
Q: Can you please help me with part C
A: Here discuss about the details of Price change the cost of the production which was lead to increase…
Q: Ramzi can make an RRSP contribution
A: Given in the question: The earned income of Ramzi during the year 2020 = 92,000 It is clear from the…
Q: If a company chooses a price to charge for its product by adding up all the expenses necessary to…
A: Solution: There are various method of pricing the product such as: 1. Target costing 2. Skimming…
Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…
A: Down payment refers to the lump sum payment made by the buyer on purchase of house, car or any other…
Q: What is the cost of investment that will be used in the goodwill calculation in the consolidated…
A: The difference between the amount of consideration transferred to acquiree from acquirer and net…
Q: Collins Technical College teaches its accountancy subjects wholly through correspondence. This is…
A: To calculate selling price per unit ,we need to calculate cost of product first than add required…
Q: The consideration was settled as follows: Cash payment, Issue of 100 000 shares to the seller Issue…
A: Acquisition OF Assets / Business : It is the purchase of assets / business by one company of another…
Q: Accounting On December 31, YR10, Firm X made the following errors: a) Inventory was overstated by…
A: Here given the multi sub part question we will solve for first three sub part question for you. If…
Step by step
Solved in 2 steps
- A company is considering a special order for 1,000 units to be priced at 8.90 (the normal price would be 11.50). The order would require specialized materials costing 4.00 per unit. Direct labor and variable factory overhead would cost 2.15 per unit. Fixed factory overhead is 1.20 per unit. However, the company has excess capacity, and acceptance of the order would not raise total fixed factory overhead. The warehouse, however, would have to add capacity costing 1,300. Which of the following is relevant to the special order? a. 11.50 b. 1.20 c. 7.35 d. 8.90Diskmar has received a special order for 2,000 units of its product at a special price of $75. The product normally sells for $100 and has the following manufacturing costs:Direct material costs are $30; Direct labor costs are $20; and Variable Overhead costs are $15. Assume that Diskmar has sufficient capacity to fill the order without harming normal production and sales. a. If Diskmar accepts the order, what effect will the order have on the company's short-term profit? b. What minimum price should Diskmar charge to achieve a $25,000 incremental profit? c. Now assume Diskmar is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Diskmar accepts the order, what effect will the order have on the company's short-term profit?Cranberry has received a special order for 170 units of its product at a special price of $2,350. The product normally sells.for $2,850 and has the following manufacturing costs: Per unit Direct materials 770 Direct labor 470 Variable manufacturing overhead 570 Fixed manufacturing overhead 670 51 Unit cost $2,480 Assume that Cranberry has sufficient capacity to fill the order without harming normal production and sales. If Cranberry accepts the order, what effect will the order have on the company's short-term profit?
- Capitol, Incorporated, has received a special order for 2,080 units of its product at a special price of $158. The product normally sells for $208 and has the following manufacturing costs: Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total unit cost $ 58 38 28 48 $ 172 Assume that Capitol has sufficient capacity to fill the order without harming normal production and sales. Required: a. If Capitol accepts the order, what effect will the order have on the company's short-term profit? b. What minimum unit price should Capitol charge to achieve a $48,000 incremental profit? c. Now, assume Capitol is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Capitol accepts the order, what effect will the order have on the company's short-term profit? Complete this question by entering your answers in the tabs below. Required A Required B Required C If Capitol accepts the order,…Cranberry has received a special order for 150 units of its product at a special price of $1,900. The product normally sells for $2,400 and has the following manufacturing costs: Per unit Direct materials $ 680 Direct labor 380 Variable manufacturing overhead 480 Fixed manufacturing overhead 580 Unit cost $2,120 Assume that Cranberry has sufficient capacity to fill the order without harming normal production and sales. If Cranberry accepts the order, what effect will the order have on the company's short-term profit? Multiple Choice $54,000 increase $33,000 increase $33,000 decrease $87,000 decreaseLuca Inc. has received a special order for 2,000 units of its product at a special price of $75. The product normally sells for $100 and has the following manufacturing costs: Assume that Luca Inc. has sufficient capacity to fill the order without harming normal production and sales. If Luca Inc. accepts the order, what effect will the order have on the company's short-term profit? Per Unit Direct materials $30 Direct labor $20 Variable manufacturing overhead $15 Fixed manufacturing overhead $25 a. $50,000 decrease b. $30,000 increase c. $20,000 increase d. $30,000 decrease
- Capitol, Incorporated has received a special order for 2,000 units of its product at a special price of $195. The product normally sells for $260 and has the following manufacturing costs: Cost per Unit Direct materials $ 78 Direct labor 52 Variable manufacturing overhead 39 Fixed manufacturing overhead 65 Total unit cost $ 234 Assume that Capitol has sufficient capacity to fill the order without harming normal production and sales. Required: If Capitol accepts the order, what effect will the order have on the company’s short-term profit? What minimum unit price should Capitol charge to achieve a $65,000 incremental profit? Now, assume Capitol is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Capitol accepts the order, what effect will the order have on the company’s short-term profit?Ross has received a special order for 10,000 units of its product at a special price of $15. The product normally sells for $22 and has the following manufacturing costs: Per unit Direct materials $ 6 Direct labor 4 Variable manufacturing overhead 3 Fixed manufacturing overhead 7 Unit cost $ 20 Assume that Ross has sufficient capacity to fill the order. If Ross accepts the order, what effect will the order have on the company’s short-term profit?Walnut has received a special order for 2,500 units of its product at a special price of $230. The product normally sells for $290 and has the following manufacturing costs: Per unit Direct materials $ 83 Direct labor 56 Variable manufacturing overhead 62 Fixed manufacturing overhead 66 Unit cost $ 267 Walnut is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Walnut accepts the order, what effect will the order have on the company’s short-term profit? Multiple Choice $150,000 decrease Zero $92,500 decrease $92,500 increase
- The James Company manufactures widgets that sell for $120 each. The company's unit cost for each widget is as follows: A company in another state has offered to purchase 1,000 widgets from James Company at a cost of $90 each. If James were to accept this special order, no additional Fixed Manufacturing Overhead costs would be incurred. Should James accept this special order? Show relevant calculations.Potter has received a special order for 11,000 units of its product at a special price of $15. The product normally sells for $23 and has the following manufacturing costs: Per unit Direct materials $ 7 Direct labor 4 Variable manufacturing overhead 3 Fixed manufacturing overhead 4 Unit cost $ 18 Potter is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Potter accepts the order, what effect will the order have on the company’s short-term profit? Multiple Choice $11,000 decrease $11,000 increase $88,000 decrease $77,000 increaseCranberry has recieved a speacial order for 110 units of its product at a special price of $2000. The product normally sells for $2500 and has the following manuafacturing costs:Direct materials 690Direct Labor 390Variable manufacturing overhead 490Fixed manufaturing overhead 590Unit cost $2,160Assume that cranberry has sufficient capacity to fill the order withou harming normal production and sales. If cranberry accepts the order, what effect will the order have on the company's short term profit? 47,300 Increase17,600 Decrease17,600 Increase64,900 Decrease ?