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ABC manufacturing overhead allocation

"The PurWater System Company manufacutures two models of a particular water purification system. For 2005, the company wants to allocate manufacturing overhead using activity-based-cost (ABC) allocation methods. Based on a thourough study of their manu" 2005 Cost Driver Fixed Overhead Used As Activi

Managerial Accounting Questions

1. The cost of a single unit of production in excess of the breakeven point in units is: A) its fixed cost and variable cost. B) its fixed cost only. C) its variable cost only. D) none of the above. 2. What percentage of the contribution margin is profit on units sold in excess of the breakeven point? A) It's

Motor Homes Inc: Calculate what should be the current price of the stock.

Motor Homes Inc. (MHI) is presently in a stage of abnormally high growth because of a surge in the demand for motor homes. The company expects earnings and dividends to grow at a rate of 20 percent for the next 4 years, after which time there will be no growth (g = 0) in earnings and dividends. The company's last dividend wa

Money, Inc: EPS, EBIT, Taxes, and Leverage

Money, Inc., has no debt outstanding and a total market value of $148,000. Earnings before interest and taxes, EBIT, are projected to be $13,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 30 percent higher. If there is a recession, then EBIT will be 59 percent lower. Money i

Additional funds needed

Balance Sheet as of 12-31-2004 (Thousands of Dollars) Assets Cash $ 1,080 Receivables 6,480 Inventories 9,000 Total current assets $ 16,560 Net fixed assets 12,600 Total assets $29,160 Liabilit

What is the manufacturing overhead for Copa Company?

E2-4 Manufacturing cost data for Copa Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 100,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 165,650 (e)

Store's after-tax salvage value

Bruener Retail Bruener Retail is considering opening a new store. In evaluating the proposed project the company's CFO has collected the following information: · It will cost $10 million to construct the new store. These costs will be incurred at t = 0. These costs will be depreciated on a straight-line basis over the next

Brandie's Cook founded Brandie's Micro-Batch Frozen Yogurt Company

I need help with this problem so can you please show me how to do it?Is there any formulas that I need to use and what are they? So here is the question to the problem if inventories are expected to turn over ten times a year(based on cost of goods sold) what will be the venture's average inventories balance next year if sales

Financial management

A) 1-Determine the year-to-year percentage annual growth in total net sales 2-Do you think the company will hit its sales goal of plus 10 percent annual revenue growth in 2005?Determine the target revenue figure,and explain why you do or do not feel that the company can hit this target . Fiscal years 2004 2003

Accounting Question

I have a practive problem that I need to do. If I see how it's done correctly I will be able to do it on the test (my professor is absolutly no help). As the instructions says: "Prepare a statement of cash flows for Ernest Banks Company for the year ended December 31, 2005, using the indirect method."

Tax Liability

Determine the tax liability and the marginal and average tax rate for corporations with following amounts of taxable income: a) $45,000 b) $75,000 c) $500,000


Nike is an Oregon-based company that focuses on the design, development, and worldwide marketing of high-quality footwear, apparel, equipment, and accessory products. Nike is the largest seller of athletic apparel in the world. The company sells its products to approximately 19,700 retail accounts in the United States and throug

Bond entries for Strawder Farms

17- 1A Strawder Farms is a grower of hybird seed corn for DeKalb Genetics Corportion. It has had two exceptionally good years and has elected to invest its excess funds in bonds. The following transactions relate to bonds acquired as an investment by Strawder Farms, whose fiscal year ends on December 31. 2005

Coefficient of skewness

I am having a great deal of difficulty figuring the last part of a problem out. I am stuck and need help. b. Determine the coefficient of skewness using Pearson's method. c. Determine the coefficient of skewness using the software method. 25. Listed below are the commissions earned ($000) last year by the sales repres

Balance on current account

Balance on current account --- Given the following information, determine the balance on the United States' current account and capital accounts: Imports 211.5 Net income from foreign investments 32.3 Foreign investments in US

Financial management: Calculate expected stock price, seven years from now.

A stock currently sells for $28 a share. Its dividend is growing at a constant rate, and its dividend yield is 5 percent. The required rate of return on the company's stock is expected to remain constant at 13 percent. What is the expected stock price, seven years from now? $24.62 $29.99 $39.40 $41.83 $47.98

Control Accounts and Entry Systems

Q1.Explain two ways in which control accounts can be used in small business. Please note the owner is not operating full double entry system. Q2.Explain two limitations to the usefulness of control accounts. In small business, if the owner is not operating full double entry system. Q3.Explain two ways in which the going co

Accounting problem

With the help of another tutor, I received help in developing a set of pro forma financials (income statement and balance sheet only) for the next fiscal year-end using the percent-of-sales method. Assuming that the company's sales have increased by 20%. (Please see the attached document) What I'm not clear on is how or where

Accounting /business

1. Calculating Ratios. Here are simplified financial statements of Phone Corporation from a recent year: INCOME STATEMENT INCOME STATEMENT (fi (figur gures in millions of dollars) es in millions of dollars) Net sales 13,193 Cost of goo

Depreciation & book value of equipment

Reds Co equipment account has a balance of $833,000 at 1/1/05. The related accumulated depreciation account was $239,000 on 12/31/05. During 2005, the following post-acquisition events involving the equipment occurred: a) allocated cost of the equipment used during 2005 in a systematic manner $94,000 b) equipment (A/D=

Compute the Total Amounts Recorded

On 11/3/05, Reds Co was the winning bidder at the local auction. The winning bid was $115,000 for a collection of stuff to be used in the business. The following values were obtained on this same date from an independent appraiser for the items won: Equipment $29,000 Furniture $30,000 Machines $46,000 Tools $35