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Chapter 5 Post-Class Homework
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CHAPTER 5 - Pricing Methods
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Chapter 5 Post-Class Homework
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Lonely Restaurant has determined the following amounts related to costs of menu items.
Per Meal
Total
Direct Materials
$4.80
Direct Labour
$3.40
Variable Overhead
$2.20
Fixed Overhead
$1,044
Selling and Administrative Expenses
$830
Do not enter dollar signs or commas in the input boxes.
Round your answer to 2 decimal places.
If Lonely Restaurant plans to serve 580 meals, what is the full cost of a meal?
Full Cost: $
Explanation
Full Cost = All Variable Costs + (Fixed Overhead ÷ Meals Sold)
Full Cost: $12.20
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Concord Industries has equivalent units of 7100 for materials and for conversion costs. Total manufacturing costs are $124370. Total
materials costs are $91000. How much is the conversion cost per unit?
O $17.52.
O $4.70.
$12.82.
O $30.33
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The comparative balance sheets of Constantine Cavamanlis Inc. at the beginning and the end of the year 2020 are as follows.
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Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,000, Land
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A process with no beginning work in process, completed and transferred out 85200 units during a period and had 50100 units in the
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Chapter Summary Assignment #3 (Ch 5 & 6) D2L quiz questions will be asked in
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My answers
Part 1: Prepare Bluth Co.'s journal entries for each of the following transactions. Assume that
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3. Bluth Co. pays the balance owed to Sitwell Enterprise, taking the
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Presented here are the components in Carla Vista Co's income statement.
Determine the missing amounts.
Sales Revenue
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Gross Profit
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$76.020
2$
(b)
$ 32,200
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$112,800
$70,200
2$
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2
Year
(a)
$74,460
$115,930
3
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Chapter: Recording Business TraNSACTIONS
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15
G
New
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30
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Paid $18,000 cash to acquire land to be used in operations.
Performed services for a hotel and received its promise to pay the $1,200
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Entries for notes payable
Bennett Enterprises issues a $660,000, 45-day, 9%, note to Spectrum Industries for merchandise inventory.
Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank.
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1. the issuance of the note.
2. the payment of the note at maturity.
2
b. Journalize Spectrum Industries' entries to record:
1. the receipt of the note.
2. the receipt of the payment of the note at maturity.
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All assets are depreciated by the straight-line method. Bramble Corp. uses a calendar year in preparing annual adjusting entries and
financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is
total life, not remaining life.)
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Blossom Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022.
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Purchased a 1-year insurance policy on June 1 for $ 2,196 cash.
2.
Paid $7,930 on August 31 for 5 months' rent in advance.
On September 4, received $ 4,392 cash in advance froma corporation to sponsor a game each month for a total of 9 months
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for the most improved students at a local school.
Signed a contract for cleaning services starting December 1 for $ 1,220 per month. Paid for the first 2 months on November
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Qsnhu login - Search Do Homework-3-1 M X X Home X TeMyLab Finance Pearso X P Introduction: The Time X S C A G Sign in https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=623722542&questionid=1&flushe... Shonda Curry 05/23/22 9:51 PM FIN-320-X5089 Principles of Finance 22EW5 = Homework: 3-1 MyFinanceLab Assignment Question 9, P5-18 (similar to) Save HW Score: 42%, 21 of 50 points O Points: 0 of 4 > (Related to Checkpoint 5.5) (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $320,000 Rolls-Royce Phantom. Jack currently has $37490 that he may invest. He has found a mutual fund with an expected annual return of 6 percent in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes and inflation. The number of years it will take for Jack to win Jill's hand in marriage is years. (Round to one decimal place.)
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BAB110 NII, W22
Question 12, 6.4a
HW Score: !
= Homework: Homework 2
Part 1 of 2
O Points:
Find the rate of markdown and the markdown.
Regular Selling
Price
$31.20
Rate of
Markdown
Markdown
Sale Price
?
$18.70
The rate of markdown is %.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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