The Party Costumes Company is noted for an exceptionally impressive line of Festival masks. Party Costumes has established the following selling and distribution support activity-cost pools and their corresponding activity drivers for the year 2022: Activity Marketing Cost Cost driver £30,000 £500,000 of sales Customer service 10,000 5,000 customer Order execution 5,000 100 orders Warehousing 5,000 50 product lines
Q: 1. A bookkeeper in error recorded the purchase cost of a new item of equipment as GHC36,000 when it…
A: The objective of the question is to find the correct profit figure after adjusting for the…
Q: please answer in text form with proper workings and explanation for each and every part and steps…
A: Step 1:A business or organisation uses the purchasing process to acquire products or services in…
Q: The Kilp Sisters Trust is required to distribute $60,000 annually equally to its two income…
A:
Q: On December 31, 2023, Dow Steel Corporation had 650,000 shares of common stock and 305,000 shares of…
A: Explanation:Step 1: Calculate the Numerator for Basic EPSNet income for the year:…
Q: Identify each of the following characteristics as being an advantage, a disadvantage, or not…
A: Separate Legal EntityAdvantage: A corporation is a separate legal entity, distinct from its owners…
Q: s. The Solstice Corp. bonds have a fair value of $253,630 on December 31, 20Y5. Valuation Allowance…
A: The objective of the question is to find the credit value for Unrealized Gain (Loss) on…
Q: [The following information applies to the questions displayed below.] Lydex Company's financial…
A: Step-by-Step Analysis Scenario:We want to calculate the following financial ratios for two…
Q: An Optical Spectrometer. You and your team are tasked with characterizing an equilateral, triangular…
A: Step 1: here we have solved for question 1 Step 2: here we have solved for question 2, 3 Step 3: nil…
Q: Acme Inc.'s total assets at the beginning of the year amount to $500,000,000, and its total assets…
A: Approach to solving the question:For better clarity of the solution, I have provided the calculation…
Q: The Loban Company purchased four cars for $9,000 each, and expects that they would be sold in three…
A: Step 1: Definition of the Straight-Line Method:The straight-line method is one of the methods of…
Q: Please do not give solution in image format and give solution in step by step and give calculations…
A: Step 1:The statement of stockholders' equity for the year ended Dec. 31, 2024, is presented…
Q: The net income reported on the income statement for the current year was $311,700. Depreciation…
A: The objective of the question is to prepare the 'Cash flows from (used for) operating activities'…
Q: The Jets Company recorded a deferred tax liability in the amount of $18,750 in December 2020, due to…
A: Step 1:Part-a)Determining the income tax rate that is enacted rate for year 2020:- Formula to…
Q: Stephanie Ram Corporation have a $1,120,000 "bond issue" dated February 1, 2016 due in 10 years with…
A: a) Issuance of the Bond on April 1, 2016Debit: Cash ($1,078,700)Credit: Bonds Payable…
Q: Heidi Software Corporation provides a variety of share-based compensation plans to its employees.…
A:
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: To get things started, Reese Francis's benefit analysis provides a complete evaluation of the…
Q: Question: Ace Hardware Store sells two product categories, tools and paint products. Information…
A: Step 1: Define Carrying Value of Inventory:Inventory is normally carried on the balance sheet at its…
Q: Provide all 7 entries
A: The first item details the original 1,000 devices purchased on May 3 for $9 apiece. This results in…
Q: Jones Industries received $800,000 from issuing shares of its common stock and $650,000 from issuing…
A: Step 1: Cash flow statement.The cash flow statement is the financial statement that records all the…
Q: For 20X1, MAP Inc. had net income of $8,100 and collected the following information: Received…
A: Step 1:Computation of the net cash provided (used) by financing activities for 20X1:Cash flows from…
Q: As a professional in the accounting field, it is essential to speak to the skills you've learned…
A: Unveiling Your Strengths: A Deep Dive into Resume-Building Skills and Tax Specialization…
Q: Living Tanks sell tanks and fish and reptiles throughout Victoria. During March 2022, cash sales…
A: The objective of the question is to calculate the total amount of cash collected in May 2022 based…
Q: A firm evaluates all of its projects by applying the NPV decision rule. A project under…
A: Step 1: The calculation of the NPV ABCDEF1YearCashflowPVF @ 11%PVF @ 25%PV @ 11%PV @ 25%20…
Q: John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The…
A: The objective of this question is to calculate the internal rate of return (IRR) for a new piece of…
Q: Analysis of Net Income or Net Loss on the Work Sheet Select which column on a work sheet, Income…
A: Net income.Net income is typically shown as a credit balance in an income statement worksheet. Net…
Q: QUESTION UW Enterprise, which is owned by Umar Wafiy, deal with selling and distributing home…
A: UW Enterprise, owned by Umar Wafly, started operations in March 2024. Umar Wafly invested RM150,000…
Q: Bonds: Builtrite is planning on offering a $1000 par value, 20 year, 6% coupon bond with an expected…
A: Your calculation appears to be mostly correct, but there's a small error in the final step. Let's…
Q: Type the formulas to calculate the following: In cell B9, calculate the grand total amount owing for…
A: The core claim of the question is to calculate the grand total amount owing for all customers based…
Q: 4. Running Shorts Co. makes two products: A and B. In the folding department, budgeted information…
A: Step 1: Compute the indirect labor rate based on direct labor cost Budgeted indirect labor costs…
Q: Christmas Express makes wreaths in batch sizes of 19. The cutting and assembly process takes 2…
A: a. Value-Added Lead Time: This is the time spent on actual processing that adds value to the…
Q: Calculate the present value of $2,000 for each of the following: interest rate is 12%Show work the…
A: The objective of this question is to calculate the present value of $2,000 for each of the following…
Q: Provide 7 graphs In answer
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method that…
Q: Records show the following information for a plant asset purchased on October 1 of Year 1. Cost $…
A: Depreciation = (Cost - Salvage) / Useful years= (330,000 - 39,000) / 6= 291,000 / 6= 48,500 annually…
Q: Imperial Jewelers manufactures and sells a gold bracelet for $408.00. The company’s accounting…
A: The objective of the question is to determine the financial advantage or disadvantage of accepting a…
Q: Provide all 17 journal entries
A: Transaction 1 (July 1):Date General Journal Debit CreditJuly 1 Merchandise Inventory $6,600 |…
Q: Draw up the statement of financial position as at 31st December 2006
A: The objective of the question is to prepare the Income Statement for the year ended 31 December 2006…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: The warranty expense shall be recorded in December.869,000 x 3% = 26,070.This shall be recorded as…
Q: Spelman Corporation has Sales of $36,800, Depreciation Expense of $3,000, Interest Expense of…
A: The objective of the question is to calculate the profit margin of Spelman Corporation. The profit…
Q: The amount of time over which an employee is paid is known as ___________.…
A: The question is asking for the term that refers to the specific duration or interval over which an…
Q: Question Content Area The present value index is computed using which of the following formulas?…
A: The present value index is the ratio of the NPV of a project to the initial outlay required for it.…
Q: It is talking about Hong Kong Tax, Special Business, Calculating Profit tax of financial…
A: The objective of the question is to understand the relationship between S.14, S.15(i), D7/84 and the…
Q: Wang Corporation purchased $290,000 of Hales Incorporated bonds at par in 2023 with the intent and…
A: The objective of the question is to determine the amount by which Wang Corporation's before-tax net…
Q: Coulson and Company is a large retail business that has a firm-wide balanced scorecard. Recently,…
A: Metrics aimed at enhancing the public's opinion of the business and drawing in new clients would…
Q: Provide both graphs
A:
Q: The fixed costs of Shanita, nv are $471,000 and the total variable costs for its only product are…
A: Units sold5,400Sales price 666.67 Variable cost 200.00 Sales…
Q: Tyrell has a tax service and accounting business in Redwood City. He decides to move to Center City,…
A: A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding…
Q: In what account are the employer's payroll taxes recorded? Payroll Tax…
A: The objective of the question is to identify the account in which an employer's payroll taxes are…
Q: ! Required information [The following information applies to the questions displayed below.] On…
A: The issuance price of Cunningham Corporation's bonds, calculated using the present value formulas…
Q: What is the cost of goods manufactured if beginning work in process was $30,000, ending work in…
A: Good day! We are asked to compute the Cost of Goods Manufactured. First is to compute the Total…
Q: The Custodial Division of Clark's Corporate Services (CCS) has assets of $1.2 million. During the…
A: The objective of the question is to calculate the divisional Return on Investment (ROI) and the…
Step by step
Solved in 2 steps
- Bigdog Company distributes pet products. Its ABC system has five activities: Activity Area Cost Driver Rate in 2020 1. Order processing $50 per order 2. Line-item ordering $5 per line item 3. Store deliveries $40 per store delivery 4. Carton deliveries $6 per carton 5. Shelf-stocking $19 per stocking hour Rufus McBrain, the controller of Bigdog Company, wants to use this ABC system to examine customer profitability. He focuses on two of his customers to find out the insights he can gain from using this system. Data for these two customers in April 2020 are as follows: Pet Store Annerley RSPCA store Springwood Total orders 13 7 Average line items per order 11 19 Total store deliveries 5 7 Average cartons shipped per store delivery 21 18 Average hours of shelf stocking per store delivery 0.5 0.75 Average revenue per delivery $2,600 $1,900 Average cost of goods sold per delivery…Sandhill Decor sells home decor items through three distribution channels—retail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center. Selected results from the latest year are as follows: Retail Stores Internet Catalog Sales Sales revenue $12,000,000 $3,700,000 $6,600,000 Variable expenses 4,000,000 1,355,000 1,950,000 Direct fixed expenses 5,960,000 994,500 4,188,000 Average assets 8,000,000 3,700,000 2,000,000 Required rate of return 12% 12% 12% (a1) Calculate the margin and asset turnover for each of the three distribution channels. (Round answers to 2 decimal places, e.g. 5.12% or 5.12.) Retail Stores Internet Catalog Sales Margin enter percentages % enter percentages % enter percentages % Asset turnover enter a ratio enter a ratio enter a ratioSwippy Software offers three software products: a word processing software, a spreadsheet software, and an accounting software. Information for the stand-alone selling prices and costs of its individual products is as follows: Stand-Alone Selling Price, Cost Word Processing (WP) $75 $18 Spreadsheet (SS) $90 $20 Accounting Software (AS) $65 $25 Recently, Swippy Software has begun offering software bundles, which includes all three programs at a discounted price. The bundle price for the software is $185.00 Using the unit cost as the weights, allocate the bundled price to the three programs using the stand-alone revenue-allocation method. Allocate the bundled price to the three types products using the incremental revenue-allocation method. Assume Spreadsheets is the primary product, followed by Word Processing, and then Accounting Software.
- Management would like an analysis of the profitability of a particular customer, Cell City, which has ordered the following products over the last 12 months: Number of cases Number of orders. Direct labour-hours per case Selling price per case. Direct materials cost per case Sales Costs: Direct materials Direct labour Supporting manufacturing Order processing Customer service The company's direct labour rate is $30 per hour. Required: Using the company's ABC system, compute the customer margin of Cell City. Customer margin Standard Model 290 5 0.25 $49 $ 26 70 Deluxe Model 105 2 $ 0.40 $ 69 $29 70 (70)(b) The research department of Kwasa Kwasa Ltd has recommended to the marketingdepartment to launch a shampoo of three different types. The marketing manager has todecide one of the types of shampoo to be launched under the following estimated pay offsfor various levels of sales:Estimated levels of sales15, 000 10,000 5, 0001. Egg shampoo2. Clinic shampoo3. Deluxe shampoo30001000-100030003000250100010001000What will be the marketing manager’s decision ifiv. Laplace criterion is used? v. Hurwicz criterion is used? Use α = 0.75Colby Company makes cases for cell phones of all sizes and types for sale through specialty retailers. The company makes a standard model for the most recent iPhone as well as a deluxe model. Management has designed an ABC system with the following activity cost pools and activity rates for these models: Activity Cost Pool Supporting manufacturing Order processing Customer service Management would like an analysis of the profitability of a particular customer, Cell City, which has ordered the following products over the last 12 months: Number of cases Number of orders Direct labour-hours per case Selling price per case Direct materials cost per case The company's direct labour rate is $19 per hour. Sales Costs: Activity Rates $3 per direct labour-hour $15 per order $50 per customer Direct materials Direct labour Supporting manufacturing Order processing Customer service Customer margin Standard Deluxe Model Model 120 35 23 ta ta OSOF 0.20 $ $ 5 35 10 64 $9 $ Required: Using the…
- Colby Company makes cases for cell phones of all sizes and types for sale through specialty retailers. The company makes a standard model for the most recent iPhone as well as a deluxe model. Management has designed an ABC system with the following activity cost pools and activity rates for these models: Activity Cost Pool Supporting manufacturing Order processing Customer service Management would like an analysis of the profitability of a particular customer, Cell City, which has ordered the following products over the last 12 months: Number of cases Number of orders Direct labour-hours per case Selling price per case Direct materials cost per case. Sales Costs: Activity Rates $2 per direct labour-hour $19 per order $60 per customer Direct materials Direct labour Supporting manufacturing Order processing Customer service The company's direct labour rate is $20 per hour. Required: Using the company's ABC system, compute the customer margin of Cell City. Customer margin Standard Model…Use CVP and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi-product restaurant from the information below. Food Beverage Total Sales $240,000 $160,000 $400,000 100% VC 144,000 48,000 192,000 48% CM 96,000 112,000 208,000 52% FC 150,000 IBIT 58,000If e. procurement sells more than 10,000 packages, Wang receives an additional $8 for each package sold beyond the 10,000 level. Q.1. What is the unit cost to ECG of Wang’s software code included in its e. procurement package if it sells (a) 2,000 packages, (b) 6,000 packages, (c) 10,000 packages, and (d) 20,000 packages? Comment on the results. Q.2. To predict ECG’s total cost of using Wang’s software code in e.procurement, which unit cost (if any) of (a) to (d) in requirement one would you recommend ECG use? Explain.
- Consider a telecommunication service provider. You have the following quarterly data: STATISTICS TYPICAL CONSUMER Number of referrals per period (n=n1+ n2) 5 of which, customers that joined due to the referral (n1) 3 of which, customers that would have joined anyway (n2) 2 Marketing cost per period (Mty) $30 Average gross margin (Aty) $78 Cost of referral (aty) $15 Acquisition cost savings (ACQ1ty and ACQ2ty) $10 Yearly discount rate (r) 15% Calculate CRV of a typical customer for one year (over 4 quarters).Corazon Manufacturing Company has a purchasing department staffed by five purchasing agents. Each agent is paid 28,000 per year and is able to process 4,000 purchase orders. Last year, 17,800 purchase orders were processed by the five agents. Required: 1. Calculate the activity rate per purchase order. 2. Calculate, in terms of purchase orders, the: a. total activity availability b. unused capacity 3. Calculate the dollar cost of: a. total activity availability b. unused capacity 4. Express total activity availability in terms of activity capacity used and unused capacity. 5. What if one of the purchasing agents agreed to work half time for 14,000? How many purchase orders could be processed by four and a half purchasing agents? What would unused capacity be in purchase orders?Sonos, Incorporated designs, develops, manufactures, and sells multi-room audio products. The Sonos sound system provides customers with an immersive listening experience created by the design of its speakers and components, a proprietary software platform, and the ability to stream content from a variety of sources over the customer's wireless network or over Bluetooth. In an earlier year, it reported the following on its income statement (dollars in millions). Net sales Costs and expenses Cost of sales Research and development Selling, general, and administrative Operating income (loss) Interest and other incone (expenses), net Loss before provision for income taxes Provision for income taxes Net loss The company's beginning and ending assets were $762 and $816, respectively. Transaction a b. $ 1,326 Required: Listed here are hypothetical additional transactions. Assuming that they also occurred during the fiscal year, complete the following tabulation, indicating the sign of the…