The Long Term Care Plus Company has two service departments – actuarial and premium rating, and two operationsdepartments – marketing and sales. The distribution of each service department's efforts to the other departments isshown below:FROMтоActuarial Rating Marketing Sales0$Actuarial40%20%40%Rating25%0융37.5%37.5%The direct operating costs of the departments (including both variable and fixed costs) were as follows:Actuarial$60,000Premium Rating$40,000Marketing$60,000Sales$70,000The total cost accumulated in the marketing department using the step method is (calculate all ratios andpercentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar;assume the actuarial department goes first):

Step method of cost allocation : This is the method of allocating costs of one department to the…

Answered: 40$ 20% 40$ 0용 37.5% 37.5% i the…

Business

Accounting

40$ 20% 40$ 0용 37.5% 37.5% i the departments (including both variable anc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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V - MN * 00 因今4 3. 01 n Chapters 8-10 Saved Help Save & Exit Subm Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $420,000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department DLH Loans Processed Direct Costs Consumer 000'0 $280,000 12,000 850 Commercial 0000 000 If Banc Corp. Trust uses a bankwide rate based on the number of loans processed, what would be the total costs for the Commercial Department? Multiple Choice 000'0 Graw < Prev 13 of 25 10:19 PM Type here to search (Gpツ 4/15/2021 近同回 F10 PrtSc +D -E3 Delete F7 F8 F11 F12 Ins 反 6- & 23 3. Backspac 7. 6 5. [C A G H. B N Alt Ctrl Alt Home
QUESTION 2 S = 48 X = 50 C=$4 P = $3 A straddle requires purchasing one call and one put on the same asset with the same strike price. For this data the payoff for a straddle is a. $2 O b.-$1 Oc. $0 O d.-$7 O e. -$5
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QUESTION 6 You have information about 4 different companies below in the table. The variable and fixed costs are expressed as the percentage of revenue based on the current sales. The companies are otherwise very similar. Which of these companies is probably have the highest degree of operating leverage? A B с D Variable cost (%) 35% 27% 50% 80% 50% 60% 30% 5% Fixed cost O Project A O Project D O Project C O Project B
-/1 Question 1 rences View Policies borations Current Attempt in Progress PLUS Support Jackson Manufacturing is introducing a new product with a unit selling price of $12.50. The product required an investment of $500,000, and the company requires a 20 % ROI. Projected sales 100,000 units. Compute the target cost per unit. Central e 365 es O $14.50 a O $15.50 O $11.50 O $10 hp noll ins prt sc home delete 4 num backspace
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Exercise 18 -8 (Static) Computing missing amounts in contribution margin income statements LO A1 Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) \table[[Number of units sold, Company A, Company B], [,,,, 1,975, ], [,, otal,,unit, Total, Per unit], [Sales, $, 208, 000, $, 65.00,, ], [Variable costs,, 150, 400,,, 39, 500, ], [Contribution margin,,,,, 43, 450, ], [Fixed costs,,,,,19, 750, ], [ Income, $, 46, 400,,,,]]
1R x 8C 3 4 5 6 = 7 - 8 = 9 10 11 12 13 7 14 2 File 16 Dv 23 1 2 Jay Corporation has decided to prepare contribution income statements for internal planning. 77 17 2022 18 19 20 21 22 Home v A Quarter 1 Quarter 2 Quarter 3 Quarter 4 Review View Help ✓11 v B EA ... Ev ab X✓ fx Accessibility tab summary: Information about Jay Corporation is presented in row 2. Financial information of the com F K N Budgeted information for Quarter 1 of 2024: Sales in units Sales price per unit 2023 Insert Quarter 1 Quarter 2 Quarter 3 Quarter 4 Calibri Rent Expense (per quarter) Depreciation Expense (per quarter) Draw - 15 Shipping has been determined to be a mixed cost with the following total costs and units: → B After analyzing expenses, the company has determined the following cost patterns. Cost of Goods Sold (per unit) $29.00 Sales Commissions (per dollar of sales) 9.50% Administrative Salaries (per quarter) $45,000 $27,000 $36,000 Formulas 24 25 25 26 27 28 use the data to answer the following…