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    What is the theoreticalminimum number of workstations?

    Four hundred and eighty minutes of production time are available per day. The schedule calls for the production of 80 units per day. Each unit of the product requires 30 minutes of work. What is the theoreticalminimum number of workstations? a. 2 b. 3 c. 4 d. 5 e. 6 East Texas Seasonings is prepar

    Accounting for Franchise, Patents, and Trade Name

    Please help with part (a) (Accounting for Franchise, Patents, and Trade Name) Information concerning Haerhpin Corporation's intangible assets is as follows. 1. On January 1, 2007, Haerhpin signed an agreement to operate as a franchisee of Hsian Copy Service, Inc. for an initial franchise fee of $75,000. Of this a

    The Minnetonka Corporation: Make or Buy Decision

    The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cross-country ski line has been developed. Because of the

    A. Compute earnings per share if earning before interest and taxes are $20,000, $30,000 and $120,000 b. Explain the relationship between earnings per share and the level of EBIT. c. If the cost of debt went up to 12% and all other facts remained equal, what would be the break-even level for EBIT?

    Leno Drug Store and Hall Drug store are competitors in the discount drug chain business. Two separate capital structures. Leno Debt @ 10% $100,000 Common Stock, $10 par $200,000 Total $300,000 Shares 20,

    Determining Product Mix for Maximum Profitability

    The product-mix decision. XYZ Company produces Product A, Product B, and Product C. All three products require processing on specialized finishing machines. The capacity of these machines is 1,800 hours per month. XYZ Company wishes to determine the product mix that should be achieved to meet the high demand for each product and

    Accounting: The make or buy decision

    Cardinal Company uses a certain part in its manufacturing process that it buys from an outside supplier for $36 per part plus another $5 for shipping and other purchasing-related costs. The company will need 18,000 of these parts in the next year and is considering making that part internally. After performing a capacity analysi

    Accounting: Target Costing

    Rainbow Cruises operates a week-long cruise tour through the Hawaiian Islands. Passengers currently pay $1,500 for a two-person cabin, which is an all-inclusive price that includes food, beverages, and entertainment. The current cost to Rainbow per two-person cabin is $1,200 for the week-long cruise, and at this cost, Rainbow is

    Accounting: Sell or process further?

    Missouri Company mines an iron ore called Alpha. During the month of August, 350,000 tons of Alpha were mined and processed at a cost of $675,000. As the Alpha ore is mined, it is processed into Delta and Pi, where 60% of the Alpha output becomes Delta and 40% becomes Pi. Each product can be sold as is or processed into the refi

    Accounting: Example of Various Costs

    Attending college involves incurring many costs. Give an example of a college cost that could be assigned to each of the following classifications. Explain your reason for assigning each cost to the classification. a) Sunk cost b) Discretionary cost c) Committed cost d) Opportunity cost e) Differential cost f) Allocat

    Statistics: Difference in Waiting Times

    There are four auto body shops in a community and all claim to promptly serve customers. To check if there is any difference in service, customers are randomly selected from each repair shop and their waiting times in days are recorded. The output from a statistical software package is: Summary Groups Count Sum Average Varianc

    Advanced Accounting

    Chapter 4 Problem 1 Bailey, Inc., buys 60 percent of the outstanding stock of Luebs, Inc., in a purchase that resulted in the recognition of goodwill. Luebs owns a piece of land that cost $200,000 but was worth $500,000 at the date of purchase. For each of the three concepts described in this chapter, what value would be attr

    Advanced Accounting

    Chapter 3 Problem 4 Willkom Corporation buys 100 percent of Szabo, Inc., on January 1, 2002, at a price in excess of the subsidiary's fair market value. On that date, Willkom's equipment (10-year life) has a book value of $300,000 but a fair market value of $400,000. Szabo has equipment (10-year life) with a book value of $20

    Balance in investment: Puckett Company

    Chapter 1, Problem 4 On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison's voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition. Harrison distributed a divide

    Managerial Accounting - Margins

    7. The following information relates to Snowbird Corporation: What is Snowbird's margin of safety? A) $62,500 B) $187,500 C) $100,000 D) $212,500 8. Carver Company produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing costs are $5 per unit based on the current l

    Common Stocks

    28. A firm pays a $1.90 dividend at the end of year one (D1), has a stock price of $40 (P0), and a constant growth rate (g) of 8 percent. a. Compute the required rate of return (Ke). Also indicate whether each of the following changes would make the required rate of return (Ke go up or down. (For parts b, c, and d below, as

    Choate and Choate (Identifying Controls for a System)

    Choate and Choate (Identifying Controls for a System) Choate and Choate is an advertising agency that employs 625 salespersons, who travel and entertain extensively. Each month, salespersons are paid both salary and commissions. The nature of their jobs is such that expenses of several hundred dollars a day might be incurr

    Managerial Accounting

    Abbitt Company, which has only one product, has provided the following data concerning its most recent month of operations: 19. What is the unit product cost for the month under variable costing? A) $80 B) $119 C) $113 D) $86 20. What is the unit product cost for the month under absorption costing? A) $

    Sales Budgeting Cost of Goods

    Dilbert Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $260,000 for November, $230,000 for December, and $210,000 for January. - Collections are expected to be 80% in the month of sale, 19% in the month following the sale, and 1% uncollectible.

    Managerial Accounting Problem

    The following overhead data are for a department in a large company. Actual costs incurred Static budget Activity level (in units) 420 420 Vari

    Managerial Accounting for Anders Inc.

    Anders Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 800 Stage of completion with respect to materials 70% Stage of completion with respect to conv

    Fixed and variable costs

    Costs can be classified into two categories, fixed and variable costs. These costs behave differently based on the level of sales volumes. Suppose we are running a restaurant and have identified certain costs along with the number of annual units sold of 1000. Item: Raw materials(cost for hamburgers) Total annual cost:650

    Compute new operating income for each year under the variable cost approach

    (See attached file for full problem description) (TCO E) The Hadfield Company was organized on January 1, 2001, to manufacture and sell a unique electronic part. The company's plant is highly automated with low variable and high fixed manufacturing costs. Operating results for the first three years of activity were as follow

    Mr. Earl Pearl, Accountant

    4. (TCO D) Mr. Earl Pearl, Accountant for Margie Knall, Inc. has prepared the following product-line income data: PRODUCT Total A B

    Bulan Inc.

    3. (TCO D) Bulan Inc. makes a range of products. The company's predetermined overhead rate is $20 per direct labor-hour, which was calculated using the following budgeted data: Variable manufacturing overhead................. $140,000 Fixed manufacturing overhead..................... $560,000 Direct labor-hours......

    Main Company

    Main Company uses a standard cost system in which it applies manufacturing overhead to its product on the basis of standard direct labor-hours (DLHs). Below is the standard cost card for the product: Direct materials, 5 feet at $4.00 per foot......................... $20.00 Direct labor, 2.0 DLHs at $10.00 per

    Production Cost and Supply Chain

    (TCO B) Evergreen Corp. has provided the following data: Sales per period 1,000 units Selling price $40 per unit Variable manufacturing cost $12 per unit Selling expenses $5,100 plus 5% of selling price Administrative expenses $3,000 plus 20% of selling price The number of units needed to achieve

    Problem set

    1. Wages paid to the factory manager are considered an example of; A. Direct labor-ye, Period cost yes B. Direct labor yes Period cost yes C. Direct labor no, period cost-yes D. Direct labor- no, period cost no 2. Property taxes on a manufacturing plant are an element of A. Conversion cost- yes, period cost no