A company is preparing a quotation for a job which will require 200kg of material A. The current purchase price of material A is $6 per kg. The company has 50kg of material A in inventory for which it paid $250. The material is no longer used by the company and could be sold for $3 per kg.
Q: Coattail Corporation (CC) manufactures and sells women’s and children’s coats. This year, CC donated…
A: Step 1: In order to solve each assumption, we must first start by calculating the total adjusted…
Q: Correct answer Please
A: To calculate the profitability index of investment project D, we'll use the formula:Profitability…
Q: Oriole Company has five employees participating in its defined benefit pension plan. Expected years…
A: Step 1:Calculation of the service years:YearsWilliamRichardElizabethTomMariaTotal service…
Q: How much overhead.. accounting
A: Step 1:- Define Manufacturing OverheadSince manufacturing overhead costs are not directly incurred…
Q: What is a good response to... For this week’s discussion I chose to research and answer question…
A: Denial of Service (DoS) attacks can have a significant impact on the operations of online retailers.…
Q: ROA? CALCULATE
A: Explanation of Total Assets:Total Assets represent all the resources owned by a company that are…
Q: Do fast answer with correct calculation
A: Given:Loan Amount: $250,000Loan Term: 30 years (360 monthly payments)APR (Annual Percentage Rate) 1:…
Q: The City of Minden entered into the following transactions during the year 2026. 1. 2. 3. 4. 5. 6.…
A: City of MindenStatement of Revenues, Expenditures, and Changes in Fund BalanceFor the Year Ended…
Q: Can you please solve this general accounting question ?
A: Step 1: Record the initial investment of $5,000 from shareholders (Cash)Step 2: Record the $2,000…
Q: hh
A: The variable costing income statement considers the variable cost as a part of the production and…
Q: Provide correct answer
A: Step 1: Define Double-entry bookkeepingIn accounting, the use of double-entry bookkeeping is aligned…
Q: Accounting EBIT?
A: Step 1:- Define Selling PriceSelling price indicates the value of money which must be paid to get a…
Q: Need help. accounting
A: Step 1: Define Labor VarianceLabor variance is used in a business if there is a compensation expense…
Q: a variance is the difference between budgeted and actual results within a specific area of the…
A: As it draws attention to discrepancies between anticipated (budgeted) and actual outcomes in…
Q: Xyz accounting. Solve this question
A: The problem requires the determination of the ROE. Return on equity (ROE) is a measure of a…
Q: Do fast answer and step by step calculation
A: To calculate the minimum value of the convertible bond, we need to evaluate it based on two…
Q: General accounting
A: Step 1:- Time Value of MoneyThe idea of the time value of money is useful in figuring out the…
Q: Question: Pinhead Manufacturers Inc. has estimated total factory overhead costs of $95,000 and…
A: Explanation of Total Factory Overhead Costs:Total Factory Overhead Costs represent all indirect…
Q: Need answer the question not use ai
A: Step 1: Define Notes ReceivableNotes receivable is an asset for a company as it indicates the amount…
Q: Need help with this accounting question
A: Direct Material Efficiency Variance = (Actual Quantity - Standard Quantity) * Standard PriceStandard…
Q: Determine the material price variance. Accounting
A: Step 1: Material Price variance occurs due to the difference between the standard price and the…
Q: The Finishing Department reports the following data for the month: View the data Calculate the…
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: If you give me wrong answer I will give you unhelpful rate
A: Step 1: Compute the total manufacturing overhead allocated by adding the over-applied overhead to…
Q: Accounting. What is the firm's debt-equity ratio?
A: Step 1:- Define DuPont AnalysisThe DuPont analysis is used to determine the return on equity (ROE),…
Q: What is the dollar amount of taxes paid?
A: Step 1: Define Taxable IncomeThe corporate taxable income is the business income after all qualified…
Q: If you give me wrong answer I will give you unhelpful rate
A: Step 1: Step 2: Step 3: Step 4:
Q: Mills Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July…
A: Step 1:Solution 1 & 2:Journal entry to record Mills' investment in the bonds on July 1, 2024 and…
Q: None
A: Step 1: Define Net IncomeA company's net income is its remainder of revenue after business expenses…
Q: Accounting provide a. And. b
A: a) Capital Budgeting:Capital budgeting is a process of evaluating and selecting long-term…
Q: General Accounting
A: Step 1: Define Stock ReturnsWhen a stock's return is expressed in dollars, it is called a dollar…
Q: bvf
A: a.Double-Declining Balance Double-Declining rate = 2/Useful life Double-Declining rate = 2/4 = 50%…
Q: Thanks for solving the problem
A: To calculate the annual depreciation expense and book value for both Jac Solutions Inc. and Bright…
Q: Some people believe that an automated accounting system is always better than a manual system.…
A: Approach to Solving the Question:To address the question of when a manual accounting system is…
Q: nik
A: Given Information:Total material and processing cost = $55,000 per tonOne-fourth of the cost is…
Q: Carlos Cavalas, the manager of Echo Products' Brazilian Division, is setting the production schedule…
A: 1A: Variable Costing - Production Schedule for the Last Quarter Current Inventory: 11,800 units…
Q: Vish
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: What is the company's return on equity?
A: 1. Calculate Net Income:Profit margin = Net income / SalesNet income = Profit margin * SalesNet…
Q: Give answer in step by step with explanation
A: Step 1: Define Net IncomeA business generates income by offering services to customers or selling…
Q: What was it's roe ?
A: Step 1: Define Return on EquityThe return on equity is calculated by dividing its net income by the…
Q: Financial Accounting
A: Step 1: Introduction to the Prepaid EMIThe EMI amount paid before the required payment date of EMI…
Q: Question 2 Bangladesh Ltd had the following transactions related to liabilities. The company's…
A: i. journal entries for the transactions from (a) to (d) in 2007: DateAccountDebit ($)Credit ($)Nov…
Q: Hi expert solve this question. Accounting
A: Step 1:- Define Net SalesSales consist of cash sales and credit sales. The cost of sales returns,…
Q: None
A: Step 1: Define Overapplied overheadWhen costs are lower than a corporation budgets for overapplied…
Q: hrd.3
A: 1. ATM Withdrawal for Personal Use (09/22/20X1) Step 1: Identify the nature of the transaction: The…
Q: A cash register tape shows cash sales of $1300 and HST of $195. The journal entry to record this…
A: In this scenario, the business has made cash sales of $1300. On top of this, there is a Harmonized…
Q: I want to correct answer
A: Step 1: Define Beginning InventoryThere is an accounting period during which every recording…
Q: Tutor help me
A: Explanation of Cost of Goods Sold (COGS):COGS refers to the direct costs associated with producing…
Q: Provide correct answer for this accounting question
A: Explanation of Investment Required:The investment required refers to the initial outlay or capital…
Q: Please help me solve the accounting question
A: Step 1: Define Operating LeverageOperating leverage mainly refers to the degree to which a company's…
Q: On January 1, 20X5, Teymond Corporation issued $30,000 in 12-year, zero-coupon bonds. The interest…
A: Zero-coupon bonds are issued at a discount to their face value. The discount is the difference…
Don't use AI.
Step by step
Solved in 2 steps
- XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following: Sale price: P5000 per monitor direct materials cost: P1000 per unit direct labor cost: P550 per unit other overhead cost P950 per unit Fixed costs related to the production are also reported: salary of management: P200,000 rent for the factory: P150,000, other salaries: P140,000 depreciation of equipment: P12,000 a. Compute the total variable cost b. Compute the total fixed cost c. Compute total cost (TC) function d. Compute total revenue (TR) function e. Compute the profit function f. Find the break-even quantity g. Find the break-even sales revenue 6.Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $360 for 5,000 copies and $280 for 3,000 copies, how much would Markson pay if it made 7,500 copies?Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. What is the variable cost per copy if Markson uses the high-low method to analyze costs?
- Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month plus a charge for each mile driven. Able Transport drove the bus 7,000 miles and paid a total of $1,360 in June. In October. Able Transport paid $1,280 for the 5,000 miles driven. If Able Transport uses the high-low method to analyze costs, how much would Able Transport pay in December, if they drove 6,000 miles?The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $60,000. The variable cost of recapping a tire is $9.The company charges $25 to recap a tire. If the Retread Tire Company changes its pricing for recapping a tire from $25 to $31, what effect will the change have on the breakevenvolume?Roadside Inc. manufactures the Megalite, and is reviewing the product's cost structure. Accounting records show these costs:factory space: $250,000 per yearinsurance: $47,000 per yearsupervisor salaries: $125,000 per yearmaterials: $5.00 per lampdirect labor: $2.69 per lamprecycling charge: $0.37 per lampRoadside Inc sells the Megalite to wholesalers for $13.69 each. Calculate Roadside's contribution margin as percent of selling price on the Megalite. (Rounding: tenth of a percent. Report 25.3%, for example, as "25.3".)
- Markson and Sons leases a copy machine with terms that include a fixed fee each month plus a charge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. A) What is the variable cost per copy if Markson uses the high-low method to analyze costs? B) What is the total fixed fee if Markson uses the high-low method to analyze costs? C) Using the answers from A and B, complete the equation: Total cost= + xThe annual maintenance cost of a machine shop is P69, 994. If the cost of making a forging is P56 per unit and its selling price is P135 per forge unit, find the number of units to be forged to break-even. If the number of units sold is 1000, what is the loss/profit?Corporate Printing Company currently leases its only copy machine for $1,500 a month. The company is considering replacing this leasing agreement with a new contract that is entirely commission based. Under the new agreement, Corporate would pay a commission for its printing at a rate of $20 for every 500 pages printed. The company currently charges $0.20 per page to its customers. The paper used in printing costs the company $0.05 per page and other variable costs, including hourly labor, amount to $0.10 per page. Q. Corporate estimates that the company is equally likely to sell 20,000, 30,000, 40,000, 50,000, or 60,000 pages of print. Using information from the original problem, prepare a table that shows the expected profit at each sales level under the fixed leasing agreement and under the commission-based agreement. What is the expected value of each agreement? Which agreement should Corporate choose?
- Corporate Printing Company currently leases its only copy machine for $1,500 a month. The company is considering replacing this leasing agreement with a new contract that is entirely commission based. Under the new agreement, Corporate would pay a commission for its printing at a rate of $20 for every 500 pages printed. The company currently charges $0.20 per page to its customers. The paper used in printing costs the company $0.05 per page and other variable costs, including hourly labor, amount to $0.10 per page. Q. What is the company’s breakeven point under the current leasing agreement?Corporate Printing Company currently leases its only copy machine for $1,500 a month. The company is considering replacing this leasing agreement with a new contract that is entirely commission based. Under the new agreement, Corporate would pay a commission for its printing at a rate of $20 for every 500 pages printed. The company currently charges $0.20 per page to its customers. The paper used in printing costs the company $0.05 per page and other variable costs, including hourly labor, amount to $0.10 per page. Q. For what range of sales levels will Corporate prefer (a) the fixed lease agreement and (b) the commission agreement?Regis Company makes the plugs it uses in one of its products at a cost of P36 per unit. This cost includes P8 of fixed overhead. Regis needs 30,000 of these plugs annually, and Orlan Company has offered to sell them to Regis at P33 per unit. If Regis decides to purchase the plugs, P60,000 of the annual fixed overhead will be eliminated, and the company may be able to rent the facility previously used for manufacturing the plugs. If the plugs are purchased and the facility rented, Regis Company wishes to realize P100,000 in savings annually. To achieve this goal, the minimum annual rent on the facility must be: O P10,000 O P40,000 O P70,000 O P190,000