A company uses a process cost system. The following data applies to January 2001. Beginning work in process 5,000 Started during the period 50,000 Ending work in process 2,000 The ending work in process inventory is 90% complete. The total number of equivalent units for January was:
1. If non-traceable costs are not allocated to the various operating units within an organization, who ends up paying these costs? 2. Some firms have a lot of fixed costs and few variable costs, while other firms are configured the other way around. What affect do you think the existence of a high proportion of fixed costs h
Projected costs information for two products: Unit selling price $250 $120 Unit variable costs $110 $80 number of units produced and sold 6,000 4,00 Company total fixed costs are expected to be $280,000 based on this information, what is the combined number of the two units tha
Need assistance in solving the following problem. If a company sells a product at $60.00 per unit that has unit variable costs of $40.00 The co break-even sales volume is $120,000 How much profit will the company make if it sells 4,000 units? Please explain.
Blue mountain products sells a variety of camping products. Recently the company opened a new plant to manufacture a light-wight, self-standing tent. Cost and sales data for the first month of operations are attached in the excel sheet. 1. Assuming the company uses absorption costing, do the following: 1.calcul
Janel Co acquired a building valued at $120,000 for property tax purpose in exchange for$8,000 shares of its 5 par common stock. The stock is selling for $15 per share. At what amount should the building be recorded by Janel Co.?
The Hopewell Pharmaceutical Company's balance sheet and income statement for the last year (please see attached excel spreadsheet) A. Determine Hopewell's cash conversion cycle B. Give an interpretation of the value computed in (a)
1) Gouge-M is considering adding a cash discount to its credit terms. If Gouge-M offers 3 / 15 net 30 rather than its current net 30 policy, what annualized rate is the company charging customers who do not take the discount? Assume a 365-day year. a. 7.526 percent b. 37.629 percent c. 70.874 percent d. 75.258
"That old equipment for producing subassemblies is worn out," said Kari Warner, president of Harleq Corporation. "We need to make a decision quickly." The company is trying to decide whether it should rent new equipment and continue to make its subassemblies internally or whether it should discontinue production of its subassemb
The most useful evaluation of a manager's cost performance is based on: I can not figure out which one it would be. 1 Controllable costs. 2 Contribution percentages. 3 Departmental contributions to overhead. 4 Fixed expenses. 5 Direct costs.
Ronald Hilton 7th edition Managerial Accounting: Maxey & Sons manufactures two types of storage cabinets: 1. Compute the unit manufacturing cost of TypeA and Type B storage cabinets by using the company's current overhead costing procedures. 2. Compute the unit manufacturing cost of Type A and Type B storage cabinets by using activity based costing. See attached file for the question
Maxey & Sons manufactures two types of storage cabinets - Type A and Type B and applies manufacturing overhead to all units at the rate of $80 per machine hour. Production information follows. Type A Type B Anticipated volume (units).........
Electronic World Co. manufactures two types of radios, Model1 which is their high feature radio and Model2 their standard radio type. Below is the detailed production requirements for both types of radios. Model 1 Model 2 Number of radios 1000 2000 Direct materials $20/unit
Production costs chargeable to the Finishing Department in July in Murdock Company are materials $9,000, labor $23,800, overhead $18,000. Equivalent units of production are materials 20,000 and conversion costs 19,000. Compute the unit costs for materials and conversion costs. Problem Data for Murdock Company are given i
Q1. The table contains information provided by a business. actual direct labour hours worked 18 000 actual overhead expenditure $504 000 budgeted direct labour hours 17 000 budgeted overhead expenditure $510 000 What is the amount of the overhead over / under recovery? A $6000 over-recovered B $6000 under-recovered C $30
____ 1. Barone Supply bought equipment at a cost of $48,000 on January 2, 1997. It originally had an estimated life of ten years and a salvage value of $8,000. Barone uses the straight-line depreciation method. On December 31, 2000, Barone decided the useful life likely would end on December 31, 2004, with a salvage value of $4,
Please see the attachment. Parlow Packing currently has on its balance sheet: $35,750 in cash $47,000 in accounts receivable $66,000 in inventories $13,000 in accrued liabilities $72,000 in accounts payable The firm's production manager has determined that the cost of goods sold accounts for 80% of the sales revenu
I need help in figuring this problem out: JF Company is considering whether to undertake a new project but is unsure of the ultimate cost of the new project. The company estimates that the cost will be $150,000 with probability 0.4 and will be $200,000 with proability 0.6. The estimated revenues from the project are $170,000.
PROBLEM 2 XXXX Company manufactures a variety of glass windows in its xx plant. In department 1, clear glass sheets are produced, and some of these sheets are sold as finished goods. Other sheets made in department 1 have metallic oxides added in department 2 to form colored glass sheet. Some of these colored sheets are sold; o
I need assistance with the following analysis: Identify a decision that has recently been made or will be made in the near future within AirTran Airways. Identify TWO relevant and TWO non-relevant costs in this decision. If you cannot identify specific actual amounts, make a reasonable estimate and apply the tool as if the
Milligan Corporation is preparing a bid for a special order that would require 780 liters of material TF54. The company already has 640 liters of this raw material in stock that original cost $8.30 per liter. Material TF54 is used in the company's main product and is replenished on a periodic basis. The resale value of the exist
The following activity took place in Brown Company during May: Number of units produced.... 450 units Material purchased.... 1,500 feet Material used in production... 720 feet Cost per foot of material purchased... $3 The standard cost card indicates that 1.5 feet of materials are allowed for each unit of product.
P13-1 Cash conversion cycle American Products is concerned about managing cash efficiently. On the average, inventories have an age of 90 days, and accounts receivable are collected in 60 days. Accounts payable are paid approximately 30 days after they arise. The firm has annual sales of about $30 million. Assume there is no dif
Use 2004 financial statements for Amazon and Barnes and Noble to perform this analysis. Analysis of Working Capital and The Cash Conversion Cycle for Book Sellers. The cash conversion cycle is defined as the average length of time a dollar is tied up in current assets, and it is determined by the inventory conversion peri
Please see attached. Must answer question and discuss item identified on attachment. Thanks
Based on publicly available information for your company, can you discern what the cost drivers are for your company?
I am thinking about using Wal-Mart as the company in review. But I need help determining: 1. Based on publicly available information for your company, can you discern what the cost drivers are for your company? If you can, what are they? If not, what cost drivers do you believe are relevant for your company? 2. Why do you c
Please help with the following problem. Hazen Corp. reports that at an activity level of 2,400 units, it's total variable cost is $174,504 and it total fixed cost is $55,080. Assume that this activity level is within the relevant range. For the activity level of 2,700 units, compute: a. The total variable cost. b. The
You have been studying 'fixed' costs. You learned that a number of 'fixed' costs are actually mixed costs (variable and fixed). Write a three paragraph memo to your manager explaining some of the cost estimation techniques that can help determine the fixed and variable portion of each mixed cost (such as utility costs and mainte
A new computer system allows your firm to more accurately monitor inventory and anticipate future inventory shortfalls. As a result, the firm feels more able to pare down its inventory levels. What effect will the new system have on working capital and on the cash conversion cycle?
Please see attached for accounting multiple choice questions.
The following are costs associated with manufacturing firms, merchandising firms, or service firms: a. Miscellaneous materials used in production b. Salesperson's commission in a real estate firm c. Administrator's salaries for a furniture wholesaler d. Administrator's salaries for a furniture manufacturer e. freight costs