Module 2 Excel Exercise (1)
.xlsx
keyboard_arrow_up
School
Centennial College *
*We aren’t endorsed by this school
Course
MISC
Subject
Finance
Date
Jun 13, 2024
Type
xlsx
Pages
8
Uploaded by ProfessorMosquitoPerson1045
Module 2 Exercise
Name:
Rommel Companero
Student ID:
301365797
Exercise 2.1
Use the figures given below to complete the statement of income for the "Local" restaura
Calculate the percentage for each category. Food Sales
$970,028.12 Salaries and Wages
$300,443.40 Beverage Sales
$284,337.68 Direct Operating Expenses
$194,315.26 Beverage Cost
$72,724.82 Employee Benefits
$19,288.63 Food Cost
$356,607.56 Occupancy Costs
$57,277.25 Depreciation Expense
$95,576.14 Interest
$27,821.47 Exercise 2.2
Calculate the break-even point for Exercise 2.2 in sales dollars. Exercise 2.3
Complete the pro-forma for the upcoming year with the following projections.
You will need calculate the change, the projected sales, and the percentage of sale for e
1. Food sales are expected to decrease by 35% due to new competitor in town.
2. Beverage sales are also expected to decrease by 10%
3. Food and beverage cost % will remain the same.
4. The cost percentages of Salaries and Wages needs to decrease by 1%
5. Employee benefits will increases or decreases at the same rate as salaries and wages
6. Direct operating expenses will reduce by $2000
7. Occupancy costs will increase by $3000
8. Interest expense will increase by 5% due to rate hikes.
9. Depreciation will remain the same.
ant.
each category.
s.
Exercise 2.1
The Local Bistro
Income Statement
For year ending 20XX
Current Year
(%)
Sales
Food
$970,028.12
77.33%
Beverage
$284,337.68
22.67%
Total Sales
$1,254,365.79
100.00%
Cost of Sales
Food
$356,607.56
36.76%
Beverage
$72,724.82
25.58%
Salaries & Wages
$300,443.40
23.95%
Total COGS
$729,775.78
58.18%
Gross Profit
$524,590.02
41.82%
Other Controllable Expenses
Direct Operating Expenses
$194,315.26
15.49%
Employee Benefits
$19,288.63
1.54%
Total Controllable Expenses
$213,603.89
17.03%
Controllable Income
$310,986.13
24.79%
Non-Controllable Expenses
Occupancy Costs
$57,277.25
4.57%
Interest
$27,821.47
2.22%
Depreciation
$95,576.14
7.62%
Total Non-Controllables
$180,674.86
14.40%
Operating Profit/Loss
$130,311.27
10.39%
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
p.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhe
D and P
Indeed
6 Monster Jobs
w Degree Programs
O L02
A Hearn: Student Da..
6 Consumer Center
ework: Assignment 1 i
Saved
Perez Company reported the following operating results for two consecutive years:
Required
Compute each income statement component for each of the two years as a percentage of sales
due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be e
PEREZ COMPANY
Vertical Analysis of Income Statements
Percentage of
Sales
Percentage of
Sales
Year 4
Year 3
Sales
1,077,500
00S'000'L
Cost of goods sold
550,275
000 Z09
Gross margin on sales
450,225
475,500
Operating expenses
130,500
149,800
319.725
325,700
Income before taxes
79.700
81,800
Income taxes
240.025
243.900
%
Net income
arrow_forward
eBook
Show Me How
Office 365
Question Content Area
Profit center responsibility reporting
Championship Sports Inc. operates two divisions—the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted:
Line Item Description
Amount
Sales—Winter Sports Division
$9,600,000
Sales—Summer Sports Division
15,000,000
Cost of Goods Sold—Winter Sports Division
5,500,000
Cost of Goods Sold—Summer Sports Division
9,500,000
Sales Expense—Winter Sports Division
780,000
Sales Expense—Summer Sports Division
1,000,000
Administrative Expense—Winter Sports Division
700,000
Administrative Expense—Summer Sports Division
1,440,000
Advertising Expense
1,099,000
Transportation Expense
150,000
Accounts Receivable Collection Expense
67,000
Warehouse Expense
966,000…
arrow_forward
Question 14 of 15.
Net Sales = $145,347 Employee Meals $1,923 Discounts $221 Coupons/Promotions-$988 What is the Gross Sales?
O$138.588
O$140,156
O$145.224
O$148 479
Mark for follow up
arrow_forward
Q.
arrow_forward
Chapter 9: Applying Excel
Data
Revenue
Cost of ingredients
Wages and salaries
Utilities
Rent
$16.50 q
$6.25 q
$10,400
$800
+
$0.20 q
$2,200
$600
+
$0.80 q
Miscellaneous
Actual results:
Revenue
$27,920
Cost of ingredients
$11,110
Wages and salaries
$10,130
Utilities
$1,080
Rent
$2,200
Miscellaneous
$2,240
Planning budget activity
1,800 meals served
Actual activity
1,700 meals served
Enter a formula into each of the cells marked with a ? below
Review Problem: Variance Analysis Using a Flexible Budget
Construct a flexible budget performance report
Revenue
and
Actual
Spending
Flexible
Activity
Planning
Results
Variances
Budget
Variances
Budget
Meals served
?
?
?
Revenue
?
?
?
?
?
Expenses:
Cost of ingredients
?
?
?
?
?
Wages and salaries
?
?
?
?
?
?
?
?
?
?
Utilities
?
?
?
?
?
Rent
Miscellaneous
?
?
?
?
?
?
?
?
?
?
Total expenses
Net operating income
?
?
?
?
?
arrow_forward
Student workpoint 3.7
Be knowledgeable
The following information was provided by David, a candle producer,
based on his monthly production and sales.
Table 3.3.1
Quantity Price per Revenue Fixed
Variable
Total
Profit/
of candle candle
from
costs
costs
costs
(Loss)
(USS)
box sold [Total] [Total)
(US$S)
(USS)
boxes
box
candle
(USS)
sold
(USS)
(USS)
$10
2,000
2,000
(2,000)
200
$10
2,000
2,000
1,200
3,200
400
$10
4,000
2,000
2,400
4,400
600
$10
6,000
2,000
3,600
5,600
008
1,000
$10
8,000
2,000
4,800
6,800
1200
$10
10 000
2,000
6,000
8,000
1,200
s10
12 000
2,000
7,200
9,200
Referrring to Table 3.3.1, answer the questions below.
1. Complete the profit/(loss) column.
2. Calculate the variable cost per candle box.
3. Draw a break-even graph using the information in the table and
show the break-even quantity on your graph.
4. Show on the graph the margin of safety at 1,200 candle boxes sold.
arrow_forward
Homework Question 4
arrow_forward
Insert
Draw
Page Layout
Formulas
Data
Review
View
Tell me
Calibri (Body)
v A A
11
Wrap Text v
В I
U
Merge & Centem
fx
B
E
F
CLR
Question
Lesson
Objective #
Ma
Q4: Solve the following 2 problems related to employee compensation
CLR 1-Obj. 4
L2
a. Jon is employed at annual salary of $41995. His regular work week is 38 hours and he is paid
semi-monthly
i.
What is Jon's Gross pay per period?
ii.
What is hourly rate of pay?
iii.
What is his gross pay for a period in which work 12 hours of overtime and he is paid overtime at time and a half of
What is a salesperson's commission on net sales of $17800 if the commission is paid on a
sliding scale of 7%% on the first $7000, 8%% on the next $8000 and 12.5% on sales over $15000?
b.
CLR 1- Obj. 5
L2
Mark
Q5: Solve the following 3 problems related to GST, HST, PST,
公 四
arrow_forward
BB
Home
Insert
A
Page Layout
Formulas
Data
Review
View
B
C
D
E
F
SUPPORT
1
DEPARTMENTS
OPERATING
DEPARTMENTS
Human Information
Corporate Consumer
234
Resources Systems
Sales
Sales
3 Budgeted costs incurred before any
interdepartment cost allocations
$72,700
$234,400
$998,270 $489,860
Support work supplied by human
5 resources department
6
Budgeted number of employees
Support work supplied by information
7 systems department
80
-
21
42
28
Budgeted processing time (in minutes)
320
-
1,920
1,600
arrow_forward
Question 18
View Policies
Current Attempt in Progress
E-Flix rents DVDS that are mailed out to customers upon demand. E-Flix has identified three activities involved in getting the videos to its
customers. Information on those activities for the month of July follows:
Estimated
Expected Use of
Cost Drivers
Cost Pools
Cost Drivers
Overhead Cost
Order taking costs
Number of orders
$20,592
187,200 orders
Technology support
Number of minutes
$11,700
234,000 minutes
Picking and shipping
Number of DVDS
$39,624
330,200 DVDS
costs
During July, the Tucker family placed 17 orders consisting of 21 DVDS. Tucker required 7 minutes of tech support. Customers pay $9.00 per
month to rent unlimited DVDS. Using ABC, how much overhead is applied to the Tucker family account for technology support?
O Some other answer
O $1.87
O $0.05
o$0.35
2:28 P
)
10/13/23
arrow_forward
Chapter 5 Activity-Based Costing and Management
Problem 5-57 Customers as a Cost Object
Morrisom National Bank has requested an analysis of checking account profitability by custom-
er type. Customers are categorized according to the size of their account: low balances, medium
balances, and high balances. The activities associated with the three different customer catego-
ries and their associated annual costs are as follows:
Opening and closing accounts
Issuing monthly statements
Processing transactions
Customer inquiries
$ 300,000
450,000
3,075,000
0000 Providing automatic teller machine (ATM) services
600,000
Total cost
1,680,000
$6,105,000
Additional data concerning the usage of the activities by the various customers are also
provided:
Account Balance
Low
Medium
High
Number of accounts opened/closed
22,500
4,500
3,000
Number of statements issued
675,000
150,000
75,000
Processing transactions
27,000,000
3,000,000
750,000
Number of telephone minutes
1,500,000
900,000
600,000
Number…
arrow_forward
eBook
Print Item
Question Content Area
Relevant data from the Poster Company’s operating budgets are:
Quarter 1
Quarter 2
Sales
$208,470
$211,539
Direct material purchases
115,290
120,831
Direct labor
75,200
73,300
Manufacturing overhead
25,400
25,200
Selling and administrative expenses
33,400
33,400
Depreciation included in selling and administrative
1,500
1,100
Collections from customers
215,392
240,154
Cash payments for purchases
114,300
119,252
Additional data:Capital assets were sold in January for $11,000 and $4,500 in May.Dividends of $4,600 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $58,000.
Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank.
The Poster CompanyCash BudgetFor the First Two Quarters
Quarter 1
Quarter 2
$- Select -
$- Select -
Add: Cash Receipts
- Select -
-…
arrow_forward
EXERCISE 12-4 The Income Statement columns of the August 31 (year-end) work
sheet for Ralley Company are shown here, From the information given, prepare
income statement for the company. To save time and space, the expenses have been
grouped together into two categories.
LO
Pra
Show m
HOV
4
5
ACCOUNT NAME
INCOME STATEMENT
DEBIT
7
CREDIT
23
Income Summary
Sales
32,000.00
31,000.00
324,000.00
24
25
Sales Returns and Allowances
13,310.00
7,700.00
126,360.00
26
Sales Discounts
Purchases
Purchases Returns and Allowances
Purchases Discounts
27
1,200.00
1,300.00
28
29
30
7,500.00
61,560.00
Freight In
31
50,884.00
299,314.00
58.188.00
357,500.00
Selling Expenses
357,500.00
32
General Expenses
33
357,500.00
34
Net Income
35
36
Sheet3
Sheet2
Sheett
arrow_forward
Required information
Problem 9-2A (Algo) Allocation of indirect expenses to departments LO P2
[The following information applies to the questions displayed below.]
National Retail has two departments, Housewares and Sporting.
Indirect expenses for the period follow.
Rent
Advertising
Insurance
Total
$ 45,000
25,000
10,000
$ 80,000
The company occupies 4,000 square feet of a rented building. In prior periods, the company divided the $80,000 of
indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated indirect
expenses to each department based on the square feet it occupied.
The company now wants to allocate indirect expenses using the allocation bases shown below.
Department
Housewares
Sporting
Total
Square Feet
2,040
1,960
4,000
Sales
$ 220,000
280,000
$ 500,000
Value of Insured
Assets
$ 44,000
56,000
$ 100,000
arrow_forward
How do I figure the gross up amount and regular gross pay per period?
arrow_forward
Need help with this question
arrow_forward
e Preview
4)
F3
$
R
01-
Arctic Air Inc. manufactures cooling units for commercial buildings. The price and cost of goods sold for
each unit are as follows:
Category
Price
Cost of goods sold
Gross profit
F4
Customer service
Project bidding
Engineering support
Total costs
In addition, the company incurs selling and administrative expenses of $226,250. The company wishes
to assign these costs to its three major customers, Gough Industries, Breen Inc., and The Martin Group.
These expenses are related to three major nonmanufacturing activities: customer service, project
bidding, and engineering support. The engineering support is in the form of engineering changes that
are placed by the customer to change the design of a product. The budgeted activity costs and activity
bases associated with these activities are:
S⁰5
Activity
Number of service requests
Number of bids
Number of customer design changes
Unit volume
%
Activity
3:0
F5
T
Activity-base usage and unit volume information for the…
arrow_forward
Customers
balance December 31, 2023
om customers
e balance, March 31, 2024:
cted in 2nd Ot
2024
Data table
Total sales
Budgeted purchases of direct matenal
Budgeted direct labor cost
Budgeted manufacturing overhead costs
Variable manufacturing overhead
Depreciation
Insurance and property taxes
Budgeted selling and administrative expenses
Salaries expense
Rent expense
Insurance experese
Depreciation experie
Supples expense
Print
Done
208.000
40,900
37,500
1,100
1.200
6,700
4,000
1,000
1,400
6.240
arrow_forward
4
Chapter : Manufacturing Accounting
arrow_forward
Island Novelties, Incorporated, of Palau makes two products-Hawailan Fantasy and Tahitian Joy. Each product's selling price, variable
expense per unit and annual sales volume are as follows:
Selling price per unit
Variable expense per unit
Number of units sold annually
Fixed expenses total $325,000 per year
Hawaiian Fantasy
$ 20
$13
15,000
Check my wor
Tahitian Joy
$ 125
$ 50
5,100
Required:
1. Assuming the sales mix given above, do the following
a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the comparty
as a whole.
b. Compute the company's break-even point in dollar sales. Also, compute its margin of safety in dollars and its margin of safety
percentage
2. The company has developed a new product called Samoan Delight that sells for $45 each and that has variable expenses of $27
per unit. If the company can sell 12,500 units of Samoan Delight without incurring any additional fixed expenses:
a. Prepare a revised…
arrow_forward
Problem: Module 6 Textbook Problem 7
Learning Objective: 6-4 Make appropriate segment elimination decisions
Perez Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A
were eliminated.
Segment
Sales
Cost of goods sold
Sales commissions
Contribution margin
General fixed operating expenses (allocation of president's salary)
Advertising expense (specific to individual divisions)
Net income (loss)
PEREZ COMPANY
Income Statements for Year 2
Complete this question by entering your answers in the tabs below.
Required A Required B
PEREZ COMPANY
Comparative Income Statements for the Year 2
Decision
Sales
Cost of goods sold
Sales commissions
Contribution margin
General fixed operating expenses
Advertising expense
Net Income
Keep Seg. A Eliminate Seg. A
A
$ 166,000
(128,000)
(21,000)
Required
a. Prepare a schedule of relevant sales and costs for Segment A.
b. Prepare comparative income statements for the company as a whole…
arrow_forward
EXERCISE 1-15 Traditional and Contribution Format Income Statements L01-6
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information
shown below for the quarter ended March 31:
Sales..
Selling price per pair of skis.
Variable selling expense per pair of skis
Variable administrative expense per pair of skis
Total fixed selling expense..
Total fixed administrative expense
Beginning merchandise inventory.
Ending merchandise inventory
Merchandise purchases
.....
..
Amount
$150,000
$750
$50
$10
$20,000
$20,000
$30,000
$40,000
$100,000
Required:
1.
Prepare a traditional income statement for the quarter ended March 31.
2. Prepare a contribution format income statement for the quarter ended March 31.
3. What was the contribution margin per unit?
arrow_forward
xercise 5-13 - Con X +
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A %252F%252Fmycstate.cincinnatistate.edu%252Fwebapps
i
Miller Company's contribution format income statement for the most recent month is shown below:
Per Unit
$ 8.00
5.00
$ 3.00
Sales (34,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Total
$ 272,000
170,000
Required:
(Consider each case independently):
102,000
47,000
$ 55,000
1. What is the revised net operating income if unit sales increase by 19%?
2. What is the revised net operating income if the selling price decreases by $1.40 per unit and the number of units sold increases by
16%?
1. Net operating income
2. Net operating income
3. Net operating income
4. Net operating income
3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $6,000, and the
number of units sold decreases by 5%?
$
4. What is the revised net…
arrow_forward
dit
J...
View History
es
2 Chapter 5 Assignment i
Men | Ethika | With You...
Bookmarks
2
F2
W
O
1. Contribution margin ratio
2. Estimated change in net operating income
# 3
Window Help
Thank you for your pur...
80
F3
E
Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total variable expenses were $137,760,
and fixed expenses were $37,300.
Required:
1. What is the company's contribution margin (CM) ratio?
2. What is the estimated change in the company's net operating income if it can increase sales volume by 575 units and total sales by
$2,300? (Do not round intermediate calculations.)
$
4
30
a
F4
R
%
5
%
ezto.mheducation.com
UO iets frans... Embroidere....
Ⓒ
F7
U
*
DII
F8
(
59
M Question 4 - ACC 202...
I
O
9
Help Save
F9
)
To
arrow_forward
Allocate a retailer’s purchasing department’s costs of $20,000 to its operating departments using each department’s percentage of total purchase orders.
arrow_forward
ndow
Help
mework.pdf
Aa v
Question 5
You have been recently hired as general manager of Lucky's. It is September 1, and you must
prepare the operating budget of this establishment for the first quarter of the upcoming calendar
year, and submit it to the corporate office. Since you have been at the operation for only a month
or so, you must rely solely on historical data. You gather sales reports and records for the months
of January through August of the current year.
Using the data provided, prepare the operating budget for Lucky's for the months of January
through March of the upcoming year. Here is the information you determined from the most
recent sales and costs records:
Sales are 10 percent higher than those of the same month during the previous year.
Food cost percentage is steady at 32 percent.
Fixed labor costs are steady at $9,000 per month.
Variable labor costs are 15 percent of sales.
Occupancy costs will remain steady at $2,000 per month.
Other controllable costs are…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage
Related Questions
- p.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhe D and P Indeed 6 Monster Jobs w Degree Programs O L02 A Hearn: Student Da.. 6 Consumer Center ework: Assignment 1 i Saved Perez Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be e PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Sales Percentage of Sales Year 4 Year 3 Sales 1,077,500 00S'000'L Cost of goods sold 550,275 000 Z09 Gross margin on sales 450,225 475,500 Operating expenses 130,500 149,800 319.725 325,700 Income before taxes 79.700 81,800 Income taxes 240.025 243.900 % Net incomearrow_forwardeBook Show Me How Office 365 Question Content Area Profit center responsibility reporting Championship Sports Inc. operates two divisions—the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Line Item Description Amount Sales—Winter Sports Division $9,600,000 Sales—Summer Sports Division 15,000,000 Cost of Goods Sold—Winter Sports Division 5,500,000 Cost of Goods Sold—Summer Sports Division 9,500,000 Sales Expense—Winter Sports Division 780,000 Sales Expense—Summer Sports Division 1,000,000 Administrative Expense—Winter Sports Division 700,000 Administrative Expense—Summer Sports Division 1,440,000 Advertising Expense 1,099,000 Transportation Expense 150,000 Accounts Receivable Collection Expense 67,000 Warehouse Expense 966,000…arrow_forwardQuestion 14 of 15. Net Sales = $145,347 Employee Meals $1,923 Discounts $221 Coupons/Promotions-$988 What is the Gross Sales? O$138.588 O$140,156 O$145.224 O$148 479 Mark for follow uparrow_forward
- Q.arrow_forwardChapter 9: Applying Excel Data Revenue Cost of ingredients Wages and salaries Utilities Rent $16.50 q $6.25 q $10,400 $800 + $0.20 q $2,200 $600 + $0.80 q Miscellaneous Actual results: Revenue $27,920 Cost of ingredients $11,110 Wages and salaries $10,130 Utilities $1,080 Rent $2,200 Miscellaneous $2,240 Planning budget activity 1,800 meals served Actual activity 1,700 meals served Enter a formula into each of the cells marked with a ? below Review Problem: Variance Analysis Using a Flexible Budget Construct a flexible budget performance report Revenue and Actual Spending Flexible Activity Planning Results Variances Budget Variances Budget Meals served ? ? ? Revenue ? ? ? ? ? Expenses: Cost of ingredients ? ? ? ? ? Wages and salaries ? ? ? ? ? ? ? ? ? ? Utilities ? ? ? ? ? Rent Miscellaneous ? ? ? ? ? ? ? ? ? ? Total expenses Net operating income ? ? ? ? ?arrow_forwardStudent workpoint 3.7 Be knowledgeable The following information was provided by David, a candle producer, based on his monthly production and sales. Table 3.3.1 Quantity Price per Revenue Fixed Variable Total Profit/ of candle candle from costs costs costs (Loss) (USS) box sold [Total] [Total) (US$S) (USS) boxes box candle (USS) sold (USS) (USS) $10 2,000 2,000 (2,000) 200 $10 2,000 2,000 1,200 3,200 400 $10 4,000 2,000 2,400 4,400 600 $10 6,000 2,000 3,600 5,600 008 1,000 $10 8,000 2,000 4,800 6,800 1200 $10 10 000 2,000 6,000 8,000 1,200 s10 12 000 2,000 7,200 9,200 Referrring to Table 3.3.1, answer the questions below. 1. Complete the profit/(loss) column. 2. Calculate the variable cost per candle box. 3. Draw a break-even graph using the information in the table and show the break-even quantity on your graph. 4. Show on the graph the margin of safety at 1,200 candle boxes sold.arrow_forward
- Homework Question 4arrow_forwardInsert Draw Page Layout Formulas Data Review View Tell me Calibri (Body) v A A 11 Wrap Text v В I U Merge & Centem fx B E F CLR Question Lesson Objective # Ma Q4: Solve the following 2 problems related to employee compensation CLR 1-Obj. 4 L2 a. Jon is employed at annual salary of $41995. His regular work week is 38 hours and he is paid semi-monthly i. What is Jon's Gross pay per period? ii. What is hourly rate of pay? iii. What is his gross pay for a period in which work 12 hours of overtime and he is paid overtime at time and a half of What is a salesperson's commission on net sales of $17800 if the commission is paid on a sliding scale of 7%% on the first $7000, 8%% on the next $8000 and 12.5% on sales over $15000? b. CLR 1- Obj. 5 L2 Mark Q5: Solve the following 3 problems related to GST, HST, PST, 公 四arrow_forwardBB Home Insert A Page Layout Formulas Data Review View B C D E F SUPPORT 1 DEPARTMENTS OPERATING DEPARTMENTS Human Information Corporate Consumer 234 Resources Systems Sales Sales 3 Budgeted costs incurred before any interdepartment cost allocations $72,700 $234,400 $998,270 $489,860 Support work supplied by human 5 resources department 6 Budgeted number of employees Support work supplied by information 7 systems department 80 - 21 42 28 Budgeted processing time (in minutes) 320 - 1,920 1,600arrow_forward
- Question 18 View Policies Current Attempt in Progress E-Flix rents DVDS that are mailed out to customers upon demand. E-Flix has identified three activities involved in getting the videos to its customers. Information on those activities for the month of July follows: Estimated Expected Use of Cost Drivers Cost Pools Cost Drivers Overhead Cost Order taking costs Number of orders $20,592 187,200 orders Technology support Number of minutes $11,700 234,000 minutes Picking and shipping Number of DVDS $39,624 330,200 DVDS costs During July, the Tucker family placed 17 orders consisting of 21 DVDS. Tucker required 7 minutes of tech support. Customers pay $9.00 per month to rent unlimited DVDS. Using ABC, how much overhead is applied to the Tucker family account for technology support? O Some other answer O $1.87 O $0.05 o$0.35 2:28 P ) 10/13/23arrow_forwardChapter 5 Activity-Based Costing and Management Problem 5-57 Customers as a Cost Object Morrisom National Bank has requested an analysis of checking account profitability by custom- er type. Customers are categorized according to the size of their account: low balances, medium balances, and high balances. The activities associated with the three different customer catego- ries and their associated annual costs are as follows: Opening and closing accounts Issuing monthly statements Processing transactions Customer inquiries $ 300,000 450,000 3,075,000 0000 Providing automatic teller machine (ATM) services 600,000 Total cost 1,680,000 $6,105,000 Additional data concerning the usage of the activities by the various customers are also provided: Account Balance Low Medium High Number of accounts opened/closed 22,500 4,500 3,000 Number of statements issued 675,000 150,000 75,000 Processing transactions 27,000,000 3,000,000 750,000 Number of telephone minutes 1,500,000 900,000 600,000 Number…arrow_forwardeBook Print Item Question Content Area Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,470 $211,539 Direct material purchases 115,290 120,831 Direct labor 75,200 73,300 Manufacturing overhead 25,400 25,200 Selling and administrative expenses 33,400 33,400 Depreciation included in selling and administrative 1,500 1,100 Collections from customers 215,392 240,154 Cash payments for purchases 114,300 119,252 Additional data:Capital assets were sold in January for $11,000 and $4,500 in May.Dividends of $4,600 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster CompanyCash BudgetFor the First Two Quarters Quarter 1 Quarter 2 $- Select - $- Select - Add: Cash Receipts - Select - -…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,Century 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage