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- Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality Quality data gathering, analysis, and reporting Net cost of spoilage Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems What would be the total external failure cost appearing on the quality cost report? $ 15,600 $ 66,900 $ 59,500 $ 26,100 $ 15,800 $ 40,000 $ 40,600 $ 39,400 $ 63,800Tax Rate Single 10% up to $9275 15% $9276 to $37,650 25% $37,651 to $91,150 28% $91,151 to $190,150 33% $190,151 to $413,350 35% $413,351 to $415,050 39.6% more than $415,050 Standard Deduction $6300 Exemptions (per person) $4050 You would like to have $550,000 in 39 years by making regular deposits at the end of each month in an annuity that pays 6% compounded monthly. The table below shows the 2016 marginal tax rates, standard deduction, and exemptions for a single person. Complete parts (a) through (c). a. Determine the deposit at the end of each month. In order to have 550,000 in 39 years, you should deposit ____ each month. (Round up to the nearest dollar.) b. Assume that the annuity in part (a) is a tax-deferred IRA belonging to a man whose gross income in 2005 was $52,000. Use the table on the left to calculate his 2005 taxes first with and then without the IRA. Assume the man…Intermediate Accoungting ll ch 16
- What is the percent change from $499 to $299? 67% 16% 40% None of the above4Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Southern Northern Division Division $ 212,300 $ 129,400 $ 72,182 $ 46,584 $70,300 $ 98,100 $ 42,460 $ 25,880 Total Company $ 341,700 $ 118,766 $ 168,400 $ 68,340 Sales Variable expenses Traceable fixed expenses Common fixed expense The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales is closest to:
- Snavely, Incorporated, manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product E1 Product A7 Total direct labor-hours Product E1 Product A7 The direct labor rate is $24.10 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $ 282.00 $ 204.00 Activity Cost Pools Labor-related Machine setups Order size Expected Production 900 600 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Direct Labor- Total Direct Hours Per Unit Labor-Hours 1,800 2.0 1.0 600 2,400 Activity Measures DLHs setups MHS Estimated Overhead Cost $ 132,400 62,430 976,450 $ 1,171,280 Expected Activity Product E1 Product A7 1,800 1,000 3,700 600 600 3,400 Total 2,400 1,600 7,100 The total overhead applied to Product E1 under…$33.00 $51.00 405fx 10% C E F GH Exercise 7-The following are excerpts from Your Co's financial statements. Your Co. 2019 1,080.00 $ 500.00 320.00 2018 2017 Net Sales COGS Other Expenses Cash A/R Inventory Prepaid Insurance Total Assets 960.00 $ 880.00 460.00 280.00 100.00 120.00 440.00 240.00 40.00 140.00 80.00 160.00 200.00 20.00 180.00 180.00 40.00 40.00 400.00 460.00 440.00 a) Perform horizontal analysis below, using 2017 as the base year (100%). 2019 2018 2017 Net Sales 122.7% 109.1% 100.0% 100.0% 100.0% COGS 454.5% 104.5% Other Expenses 133.3% 116.7% b) Perform vertical analysis below, using total assets as the base. 2019 2018 2017 Cash 17.4% 22.0% 10.0% A/R Inventory Prepaid Insurance Total Assets 35.0% 27.0% 35.0% 43.0% 41.0% 45.0% 96.0% 9.0% 10.0% хх X X X 1-4 DQ Ready
- ! Required information [The following information applies to the questions displayed below.] On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand $ 31,300 $ 116,000 107,500 Current assets Noncurrent assets 49,200 Total assets $ 223,500 $ 80,500 $ 52,500 66,000 105,000 Current liabilities $ 30,500 Long-term debt Stockholders' equity 50,000 $ 80,500 Total liabilities and equities $ 223,500 On January 2, Park borrowed $70,400 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $70,400 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). On a consolidated balance sheet as of January 2, what should be the amount for…Question 20.5Upton Company produces two main products and a by-product out of a joint process. The ratio of output quantities to input quantities of direct material used in the joint process remains consistent from month to month. Upton has employed the physical quantities method to allocate joint production costs to the two main products. The net realizable value of the by-product is used to reduce the joint production costs before the joint costs are allocated to the main products. Data regarding Upton's operations for the current month are presented in the chart below. During the month, Upton incurred joint production costs of $3,116,640. The main products are not marketable at the split-off point and, thus, have to be processed further. Monthly output in pounds Selling Price per pound Separable process costs First Main Product 99,600 $24 $ 597,600 Second Main Product 162,000 $ 13 $ 712,800 By-Product 67,200 $2 The amount of joint production cost that Upton would allocate to the Second Main…
