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The Plastechnics Company began operations several years ago.

Please show work with explanation. Variable Cost Fixed Cost Direct Materials Direct Labor Manufacturing Overhead Period Cost Opportunity Cost Sunk Cost Rental revenue - Materials costs Production supervisor salary Production line workers wages Equipment rental Building depreciat

The cafeteria at XYZ University

The cafeteria at XYZ University has experienced the following costs and number of meals served from January through September of 200x: Month Cafeteria Costs/Meals Served January $35,800/9,800 February 34,400/9,000 March 36,920/9,800 April 38,280/10,200 May 44,805/13,500 June 34,700/9,200 July 36,344/9,695 August 43,882/12,211 Se

When using the ABC costing method to allocate $200,000 of OH to two products

When using the ABC costing method to allocate $200,000 of OH to two products, Activity A is assigned $60,000 of OH and Activity B is assigned $140,000 of OH. Activity A has 60,000 cost driver units and Activity B has 70,000 cost driver units. How much OH is assigned to Product XYZ if it consumes 20,000 Activity A cost driver uni

Mean Squared Deviation

Need help answering the attached question. It costs $50 to repair a component in a VCR. Compute the QLF for loses incurred as a result of a deviation from a target setting with a nominal tolerance of 10 + 0.25 mm required. The mean squared deviation is ½.

Interpreting Charts

Need assistance with chart interpretation. Please see attachment. Problem # 10 pg 408 ~ A services process is monitored using x and R charts. Eight samples of n = 10 observations Have been gathered with the following results: Sample Mean Range 1 4.2

Discretionary Income

As interest rate rise will the discretionary income also rise. True or false and explain.

Oneida Restaurant Supply Company Predetermined Overhead Rate

The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue.........$205,000 Actual manufacturing overhead...340,000 Budgedted machine hours..........10,000 Budgeted direct-labor hours......20,000 Budgeted direct-labor rate..........$14 Budgeted manufacturing overhea

Using the Cost of Equity Method

Since Boomer Company's inception, Madison Company has owned 18 percent of Boomer's outstanding common stock. Madison provides three key management personnel to Boomer and purchased 25 percent of Boomer's output during 20X7. Boomer is profitable. On January 2, 20X8, Madison purchased additional common stock to finance Boomer's ex

Buy-side and sell-side financial analysts question

There are two major types of financial analysts: buy-side and sell-side. Buy-side analysts work for investment firms and make stock recommendations that are available only to the management of funds within that firm. Sell-side analysts work for brokerage firms and make recommendations that are used to sell stock to the brokerage

Financial Ratios

More with financial ratios. Need to answer only 3 questions of your choice. Please see attached file for full problem description. a. Is it becoming easier for the company to pay its bills as they come due? b. Are customers paying their accounts at least as fast now as they were in Year I? c. Is the total of accounts r

Accounting - Oakley Company

-----CVP Analysis with Production and Marketing Decisions Ch. 8------ Oakley Company manufactures and sells adustable canopies that attach to motor homes and trailers. The market covers both new units as well as replacement canopies. Oakely developed its 20x2 business plan based on the assumption taht canopies would sell at a p

Snider Company

D. The inventory of Snider Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first three months of the year are obtained: Sales $225,000 Sales Returns and Allowances 5,000 Purchases 90,000 Freight-In 3,500 Purchase Returns and Allowances 4,000 Requ

Omega Company

A. The following information is available for Omega Company for the year ending 12/31/2006. Cost of goods sold $ 65,000 Net sales 122,000 Selling and administrative expenses 43,000 Other expenses and losses 17,000 Other revenues and gains 19,000 The company's effecti

Omega Company

Please see attached file for full problem description. PART I - TRUE/FALSE Instructions: For each statement below (a) identify whether the statement is True or False, and (b) fully explain your answer. Management may choose any inventory costing method it desires as long as the cost flow assumption chosen is consistent w

Adjusting Entries and Revenue Recording

Problem #1 The Ritz Manor is a popular seaside resort. A double room cost $220 for one night, in order to reserve a room, guests must pay one night's stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with energy bars, juices, and other snacks for guests. Vendalite stocks the machines and

Accounting Periods & Methods for Moss Company

Moss Company is a computer consulting firm. The company also sells equipment to its clients. The sales of equipment account for approximately 40% of the company's gross receipts. The company has consistently used the cash method to report its income from services and the accrual method to report its income from the sale of in

Eat-M-Up, Inc

Eat-M-Up, Inc. produces bird seeds. All direct materials used in the production process are added at the beginning of the manufacturing process. Labor and overhead are added evenly thereafter, as each unit is mixed and packaged. Blue Sky uses process costing and had the following unit production information available for the

Chapter 6 Research Problem 1 - Gambali (Ross)

Chapter 6 Research Problem 1 Gambali (Ross), a calendar-year, accrual basis S corporation, makes regular and substantial contributions to local tax-exempt charitable organizations. On December 20, its board of directors authorized a $175,000 contribution to the Calvin Home for Abused Children. The corporation paid the contri

Chapter 4 Research Problem 1 - Northeast Products

Chapter 4 Research Problem 1 Northeast Products manufactures video equipment that it sells through a distributor. The distributor provides a warranty to its retailers and to the final consumers who buy the video equipment. The warranty provides that the distributor will make any repairs necessary to correct any problem with t


Discuss what can go right along the way with capital, what can go wrong, and what has to happen to achieve business objectives and to increse or preserve options. Please use peer-reviewed journal articles and book to support your 150-200 word response. Be sure to use APA 5th edition guidelines for in-text citations and the ref

Important information about Taxable income and tax liability

The Analtoly Corporation is an electronics dealer. Sales for the last year $ 4.5 million , and costs of goods sold and operating expenses totaled $ 3.2 million. Analtoly also paid $ 150,000 in interest expense, and depreciation expense totaled $ 50,000. In addition, the company sold securities for $ 120,000 that it purchased 4

How an organization sets standards

1. When an organization sets standards, how does that impact the individuals in the organization? How much consideration should be given to those impacts? 2. How does an organization determine whether an activity "matches" cost behaviors?

Important information about Traditional costing vs activity based costing

Gigabyte, Inc. manufactures 3 products for the computer industry: -(product G): annual sales, 8,000 units -(product T): annual sales, 15,000 units -(product W): annual sales, 4,000 units The company uses a traditional, volume-based product-costing system with manufacturing overhead applied on the basis of direct-labor dollar

Accounting Qualitative Characteristics

E2-2 (Qualitative Characteristics) The qualitative characteristics that make accounting information useful for decision-making purposes are as follows. Relevance Timeliness Representational faithfulness Reliability Verifiability Comparability Predictive value Neutrality Consistency Feedback value Instructions Identify the

Cost Accounting

Dear OTA, Please help guide and help me with steps as per the requirement. Please see attached file for full problem description. Cost Accounting - A managerial emphasis 1. Cost behaviors: Exercise 2-21 on page 53 → try to use Excel for the graphs 2. CVP: Exercise 3-20 on page 84 → build an Excel workshee

Accounting Problems

Balance Sheet Preparation From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006. Spreadsheet Accounts payable $62,500 Accounts receivable 123,000 Buildings 418,500 Owners' equity, 1/1/06 210,000 Cash 179,750 Distributions to owners during 2006 21,750 S