ACCT 406 Wk2 Q7
pdf
keyboard_arrow_up
School
American Military University *
*We aren’t endorsed by this school
Course
406
Subject
Accounting
Date
Jun 27, 2024
Type
Pages
1
Uploaded by rentont7
v Part4 of 4 0/10 points awarded eBook References I Required information [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5,000 snowboards and 6,000 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 150,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,500 snowboards and 4,000 pounds of carbon fiber in inventory. Carbon fiber costs $15 per pound. Each snowboard requires 0.5 hour of direct labor at $20 per hour. Variable overhead is budgeted at the rate of $8 per direct labor hour. The company budgets fixed overhead of $1,782,000 for the quarter. 4. Prepare the factory overhead budget for the third quarter. [ BLACK DIAMOND COMPANY ] = Factory Overhead Budget = % Third Quarter—‘ Direct labor hours needed 74,250 ariable overhead rate per direct labor hour l o R 8 Budgeted variable overhead $ 594 000 udgeted fixed overhead | v 1,782,000 Budgeted total factory overhead $ 2,376,000
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Documents
Related Questions
Please do not give solution in image format thanku
arrow_forward
vaghela1
arrow_forward
Please help me fast
arrow_forward
Please do not give solution in image format thanku
arrow_forward
None
arrow_forward
Please do not give solution in image format thanku
arrow_forward
Please do not give solution in image format thanku
arrow_forward
Please help me with show all calculation thanku
arrow_forward
Please do not give solution in image format thanku
arrow_forward
a-2
arrow_forward
Please do not give solution in image format thanku
arrow_forward
eBook
Show Me How
Print Item
Question Content Area
Syntech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and requires $1,500 per month in fixed costs. Syntech sells 100 cameras per month. If they process the camera further to enhance its functionality, it will require an additional $50 per unit of variable costs, plus an increase in fixed costs of $1,000 per month. The current price of the camera is $170. The marketing manager is positive that they can sell more and charge a higher price for the improved version. At what price level would the upgraded camera begin to improve operational earnings?
Price to be charged $???
arrow_forward
Please do not give solution in image format thanku
arrow_forward
Please help me with all answers thanku
arrow_forward
please can someone help me with working thanks answer in text not image
Greener Grass Fertilizer Company plans to sell 200,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished product is 80 percent of the next month’s estimated sales. There were 160,000 finished units in inventory on June 30. Each unit of the finished product requires four pounds of raw material at a cost of $1.15 per pound. There are 700,000 pounds of raw material in inventory on June 30.
Compute the company’s total required production in units of finished product for the entire three-month period ending September 30.
Independent of your answer to requirement 1, assume the company plans to produce 600,000 units of finished product in the three-month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the use in that period. Compute…
arrow_forward
2.
arrow_forward
What formulas to use to solve?
arrow_forward
g
eBook
Show Me How
Preparing a Direct Materials Purchases Budget
Patrick Inc. makes industrial solvents sold in 5-gallon drum containers. Planned production in units for the first 3 months of the coming year is:
January
43,800
February
41,000
March
50,250
Each drum requires 5.5 gallons of chemicals and one plastic drum container. Company policy requires that ending inventories of raw materials for each
month be 15% of the next month's production needs. That policy was met for the ending inventory of December in the prior year. The cost of one gallon
of chemicals is $2.00. The cost of one drum is $1.60.
Required:
1. Calculate the ending inventory of chemicals in gallons for December of the prior year, and for January and February. What is the beginning inventory
of chemicals for January? Round your answers to the nearest whole gallon.
Ending inventory for December
36,135 V gallons
Ending inventory for January
33,825 gallons
Ending Inventory for February
41,457 X gallons
Beginning…
arrow_forward
Work Assignment AEST
Part 2 of 6
Ever Lawn, a manufacturer of lawn mowers, predicts that it will purchase 324,000 spark plugs next year. Ever Lawn estimates that 27,000 spark plugs will be required each month. A
supplier quotes a price of $13 per spark plug. The supplier also offers a special discount option: If all 324,000 spark plugs are purchased at the start of the year, a discount of 2% off
the $13 price will be given. Ever Lawn can invest its cash at 8% per year. It costs Ever Lawn $130 to place each purchase order.
Required
1. What is the opportunity cost of interest forgone from purchasing all 324,000 units at the start of the year instead of in 12 monthly purchases of 27,000 units per order?
2. Would this opportunity cost be recorded in the accounting system? Why?
3. Should Ever Lawn purchase 324,000 units at the start of the year or 27,000 units each month? Show your calculations.
Requirement 1. What is the opportunity cost of interest forgone from purchasing all 324,000…
arrow_forward
Please do not give solution in image format thanku
arrow_forward
lk
arrow_forward
Please help me with all answers and do not give solution in image format thanku
arrow_forward
Please answer 1 and 2 please and do not give solution in image format thanku
arrow_forward
A7
arrow_forward
f 6
!
Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 600 sun shades in May and 800 in June. Each shade sells for $180. Shadee's
beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods
inventory for June will be 60 shades.
Each shade requires a total of $40 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have
120 poles in direct materials inventory on May 1, 80 poles in inventory on May 31, and 100 poles in inventory on June 30.
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $9 per hour. Additionally, Shadee's
fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced.
Additional information:
•
Selling costs are expected to be 6 percent of sales.
• Fixed administrative expenses per month total $12,000.…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you

Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning
Related Questions
- a-2arrow_forwardPlease do not give solution in image format thankuarrow_forwardeBook Show Me How Print Item Question Content Area Syntech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and requires $1,500 per month in fixed costs. Syntech sells 100 cameras per month. If they process the camera further to enhance its functionality, it will require an additional $50 per unit of variable costs, plus an increase in fixed costs of $1,000 per month. The current price of the camera is $170. The marketing manager is positive that they can sell more and charge a higher price for the improved version. At what price level would the upgraded camera begin to improve operational earnings? Price to be charged $???arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning