Part 4: Apex Corporation The records of Apex Corporation revealed the following data for the current year. Work in Process $ 73,150 Finished Goods 115,000 Cost of Goods Sold 133,650 Direct Labor 111,600 Direct Material
All publicly-traded companies must report their financial performance on a regular basis. --- What would be the sources of this financial information? ---- Who would be interested in the information? -----How might interested parties use this information? -----What could be the result of a firm reporting incorrect
At its Video Division, MCrew Entertainment manufactures computer monitors. These can be sold internally to the EDD Division of MCrew or externally to independent customers. Sales and costs of the most popular monitor are as follows: Per unit selling price $134.00 Per unit variable cost $103.00 Per unit
3. Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to eight. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.05 machine per hour for each machine, and
Help, I need help on some homework... Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on 8,000 estimated direct labor-hours and $171,200 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $1
Figure out which amount of overhead cost would apply. 1. Compute the amount of overhead cost that would have been charged to each project during May. 2. Prepare a journal entry showing the completion of the Williams and Chandler projects and the transfer of costs to the Completed Projects (i.e., Finished Goods) account. 3
Davis, Incorporated, acquired 16,000 shares of Maxwell company several years ago. At the present time, Maxwell is reporting $800,000 as total stockholders' equity, which is broken down as follows: Common Stock ($10 par value) ..............$200,000 Additional paid-in capital..................230,000 Retained earnings......
See attached file for full problem. Please answer the questions in Excel.
Bass Corporation manufactures two products: A and B. The total indirect manufacturing overhead resource costs of $91,700 have been assigned to four activity cost pools that use the attached cost drivers: Required: a. Compute the unit activity costs for each of the cost drivers listed. b. Assign the
See attached file for detailed problem and requirements. XYW Company has the following December 31st balance sheet: ($000) Cash $ 41 A/P $ 335 A/R 160 Accruals 150 Inventory 450 Long-term Debt 246 Net Fixed Assets 650 Common Equity 570 Total liabilities
How do fast food companies turn a profit in low income areas? Can you think of any legal issues that might be of conern to a company looking to cut corners in low income areas to help their profit margin?
1. Dublin Inc. had the following common stock record during the current calendar year: Outstanding - beginning of year 2,000,000 Additional shares issued 6/30 100,000 Additional shares issued 9/30 100,000 A 10% stock dividend was paid on December 1. What is the number of shares to be us
Using this website http://money.cnn.com/2008/11/17/news/economy/sloan_gastax.fortune/index.htm How would the following questions be answered? 1) Explain why he refers to this as market driven policy. 2) What role does elasticity of demand play in the author's position? 3) What are other instances where government will levy
Discussion Question 1 The executive management team of your company has completed its annual evaluations of each division's performance using residual income measures. The division managers were ranked according to the residual income in each division. All division managers with residual income in the upper half of the ranki
1. Yvette, a CEO of a large manufacturing company, recently attended a seminar about fraud prevention. She suspects that frauds have already been committed in her company. She decided one technique she would use to help uncover the fraud and prevent future frauds in her company, is to conduct interviews of employees. She realize
Can you help me understand this question? Employee earnings records for Brantley Company reveal the following gross earnings for four employees through the pay period of December 15. C. Mays $83,500 D. Delgado $86,100 L. Jeter $85,600 T. Rolen $87,000 For the pay period ending December 31, each employee's gross earnin
Accounting problem dealing with a company that improves their timely collection of accounts receivables...
Can you help me get started with this assignment? If a company improves their timely collection of accounts receivables reducing the average period of time receivables are outstanding then receivables turnover has a) increased b) decreased c) remained unchanged d) can't be determined
Can you help me get started with this assignment? What is the relationship between average and marginal productivity? "Where marginal product exceeds average productivity, average productivity rises. And where marginal productivity is less than average productivity, average productivity declines when the variable input in
What do you know and what can u share with us?? The 'Mark to Market' Accounting Rule: What it is and why it is important to you now! Why does 'Mark to Market' exist? So how does this principle apply to banks? Fixing the Problem (current finanical crisis)?
MA_U10_39-43: please see attachment for problems. 39. The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 u
MA_U10_18-22: please see attachment for the problems. 18. When job 711 was completed, direct materials totaled $4,000; direct labor, $4,600; and factory overhead, $2,400, respectively. Units produced totaled 1,000. Unit costs are _______. $11,000 $1,100 $110 $11 19. Materials purc
See attached files. MA_U9_7/10 7. From PE 25-1A what is the net differential income from the lease alternative? $3,800 $4,800 $15,000 $11,200 8. From PE 25-2A what is the annual differential loss from sales of Product J? $36,000 $64,000 $14
During 2007 Richard and Debbie, who are married and have two dependent children, have the following income and losses: Total salaries $130,000 Bank account interest 25,000 Short-term capital gains 4,000 Short-term capital losses (1,500) They also in
Can you help me understand this question? Variable & Absorption Costing Chan Manufacturing Company data for 20X7 follow: Sales : 12,000 units at $17 each Actual Production 15,000 units Expected volume of production 18,000 units Manufacturing costs incurred Variable $120,000
Can you help me get started with this assignment? List and discuss the categories of business reports and demonstrate your understanding of the different reports with a thorough discussion of applying the three step writing process to reports. 3-4 pages with 2 credible sources (APA format)
Which of the following exchanges qualify as like-kind exchanges under Sec. 1031? a. Acme Corporation stock held for investment purposes for Mesa Corporation stock also held for investment purposes b. A motel used in a trade or business for an apartment complex held for investment c. A pecan orchard in Texas used in a tr
What is it that differentiates a business loss from a hobby loss?
BE1-3 At the beginning of the year, Gonzales Company had total assets of $870,000 and total liabilities of $500,000. Answer the following questions. (a) If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders' equity at the end of the year? (b) During
3-13 Department Milling Assembly Direct labor-hours 8,000 75,000 Machine-hours 60,000 3,000 Manufacturing overhead cost $510,000 $800,000 Direct labor cost $72,000 $640,000 Required: 1. Compute the predetermined overhead rate to be used in each department. 2. Assume that the overhead rates you computed in (1) abov
Chapter 6 - Problem I: 6-57 Bryce, a bank official, is married and files a joint return. During 2007 he engages in the following activities and transactions: a. Being an avid fisherman, Bryce develops an expertise in tying flies. At times during the year, he is asked to conduct fly-tying demonstrations, for which he is paid a