A workshop manufactures custom gears. It produces 5,000 units annually with the following costs: Raw materials: $8,000 Direct labor: $25,000 Electricity: $7,000 per year Calculate the unit cost per gear.
Q: Bright Orange, Inc., uses direct labor hours to allocate overhead costs. If Bright Orange estimates…
A: Concept of Predetermined Overhead Rate:The predetermined overhead rate is the rate used to allocate…
Q: Determine the amount of the sale
A: Explanation of Sales on Account:Sales on account refer to transactions where goods are sold to…
Q: What is Bright Co.'s operating leverage
A: File Description:The file presents a word problem related to financial analysis. It asks the user to…
Q: hello teacher give me answer this question general accounting
A: Step 1: Definition of Units of Production (UOP) Depreciation Method:The Units of Production (UOP)…
Q: Question:25
A: Provided Data:Total cost paid by Redstone Inc. = $648,000Appraised value of land = $312,000Appraised…
Q: what was the firms degree of accounting operating leverage ???
A: Step 1: Definition of Degree of Accounting Operating Leverage (DOL)Degree of Accounting Operating…
Q: Please provide the correct answer to this financial accounting problem using accurate calculations.
A: Step 1: Definition of Earnings Per Share (EPS)Earnings Per Share (EPS) is a widely used financial…
Q: Target costing calculates cost as___. (a) Market price plus desired profit (b) Variable cost plus…
A: Explanation of Target Costing: Target costing is a strategic management approach that determines a…
Q: How much was the equity of Aurum Resources Ltd worth ??
A: Total Assets = Current Assets + Non-Current AssetsTotal Assets = 9.250 billion + 35.480 billionTotal…
Q: Dura Battery Manufacturers had sales of $870,000 in 2009 and their cost of goods sow represented 63…
A: Explanation of Sales: Sales represent the total revenue generated by a company from selling its…
Q: general accounting
A: Step 1: Definition of Fixed CostsFixed Costs refer to the costs that do not vary with the level of…
Q: Financial Accounting
A: Step 1: Definition of Cash Flow to ShareholdersCash Flow to Shareholders refers to the total amount…
Q: I need assistance with this general accounting question using appropriate principles.
A: Step 1: Define Owners' EquityOwners' Equity (also known as Shareholders' Equity or Stockholders'…
Q: I need assistance with this financial accounting problem using appropriate calculation techniques.
A: Step 1: Definition of Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) ratio measures how…
Q: Please provide the answer to this financial accounting question with proper steps.
A: Step 1: Definition of Lease LiabilityLease liability is the present value of future lease payments a…
Q: Solve this questions
A: Step 1: Definition of Break-Even and Target Profit Sales VolumeBreak-even sales volume refers to the…
Q: Need help no use ai please..
A: Hello student! To determine the change in profit, we need to focus on Relevant Costs. These are…
Q: what is the intial gross margin ? general accounting
A: Step 1: Definition of Gross MarginGross margin is the difference between the sales revenue and the…
Q: Madison Corp. took out a $120,000 loan at 10% interest for 4 years. It repays the loan in equal…
A:
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Retained EarningsRetained earnings represent the cumulative amount of net…
Q: Can you please provide answers
A: Step 1: Definition of Over-Applied OverheadOver-applied overhead refers to the situation in cost…
Q: sub general accounting
A: Step 1: Definition of Free Cash FlowFree Cash Flow (FCF) is the amount of cash a company has left…
Q: Can you solve this general accounting problem using accurate calculation methods?
A: Step 1: Definition of Current RatioThe current ratio is a liquidity ratio that measures a company's…
Q: Better Value Hardware began 2010 with a credit balance of $37,500 in the allowance for sales returns…
A: Step 1: DefinitionsConcept of Allowance for Sales Returns:The Allowance for Sales Returns is a…
Q: Harlan Corp. produced 2,000 units during the month. • Direct materials: $45 per unit • Direct labor:…
A: Step 1: Definition of Absorption CostingAbsorption costing is a costing method that includes all…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Define Fixed Assets and Allocation of CostFixed Assets are long-term tangible assets that a…
Q: Currect answer
A: Concept of Absorption Costing:Absorption costing is a costing method that includes all manufacturing…
Q: Accounting?
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a valuation ratio…
Q: general accounting
A: Step 1: Definitions Of Degree of Operating Leverage (DOL)The degree of operating leverage (DOL)…
Q: Noah Parker manufacturing has collected the following data for its production costs over several…
A: Step 1: Identify the high and low activity levelsFrom the table: Highest units produced = 600,000…
Q: Calculate the ROE for smith manufacturing if they have
A: What is ROE (Return on Equity)?ROE tells us how efficiently a company uses shareholders' equity to…
Q: Please explain the solution to this financial accounting problem with accurate principles.
A: Step 1: Define Gross Profit Method for Estimating Ending InventoryThe gross profit method estimates…
Q: Can you solve this general accounting question with accurate accounting calculations?
A: Step 1: Definition of Average Cost per Equivalent Unit (Weighted Average Method)The average cost per…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Definition of Straight-Line DepreciationStraight-Line Depreciation is a method used to…
Q: Round the answer to two decimal places Accounting question
A: Step 1: Definition of P/E RatioThe Price-to-Earnings (P/E) Ratio measures a company's stock price…
Q: How much interest expense is incurred?
A: Step 1: Definition of Interest ExpenseInterest expense is the cost incurred by a borrower for using…
Q: Can you explain the correct approach to solve this general accounting question?
A: Step 1: Compute Rate of Return on Average Common Shareholders' Equity (ROE)ROE = Net Income /…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Define Gross Profit PercentageGross Profit Percentage is a profitability ratio that shows…
Q: Calculate the market value of the firm's stockholder's equity
A: To calculate the market value of the firm's stockholders' equity, we use the formula:
Q: Please help me solve this general accounting question using the right accounting principles.
A: Step 1: Define Return on Equity Return on Equity (ROE) measures a company's profitability by showing…
Q: Plz correct answer...
A: Let's solve this step-by-step.Given:Current Ratio = 2.8Acid-Test Ratio = 1.2Working Capital =…
Q: What is the total equity for office mart at year-end?
A: Step 1: Definition of Equity Equity, also referred to as owner's equity or shareholders' equity,…
Q: what is the gross profit margin? please fast give me answer
A: Step 1: Definition of Gross Profit MarginThe gross profit margin is a profitability ratio that shows…
Q: what was the variable overhead rate variance for the month ??
A: Step 1: Definition of Variable Overhead Rate VarianceThe variable overhead rate variance measures…
Q: I am trying to find the accurate solution to this general accounting problem with the correct…
A: Step 1: Definition of Accounts ReceivableAccounts Receivable refers to the outstanding invoices a…
Q: increase in profits? accounting question
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is a…
Q: Please solve this Accounting problem
A: Sure! Here's the rewritten solution without any LaTeX formatting:To calculate the Economic Order…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Provided Data:Sales Revenue = $412,000Cost of Goods Sold (COGS) = $196,000Step 1: Key…
Q: Don't use ai given answer accounting
A: Step 1: Definition of Operating MarginOperating Margin measures the proportion of revenue that…
Q: Kindly help me with this General accounting questions not use chart gpt please fast given solution
A: Step 1: Definition of Days' Sales UncollectedDays' Sales Uncollected (also called Days Sales…
calculate the unit cost per gear ?
Step by step
Solved in 2 steps
- Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?
- Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how much will profits increase if 200 more hours of machine time can be obtained?Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how many of each product should be made?Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?
- Gent Designs requires three units of part A for every unit of Al that it produces. Currently, part A is made by Gent, with these per-unit costs in a month when 4.000 units were produced: Variable manufacturing overhead is applied at $1.00 per unit. The other $0.30 of overhead consists of allocated fixed costs. Gent will need 6,000 units of part A for the next years production. Cory Corporation has offered to supply 6,000 units of part A at a price of $7.00 per unit. It Gent accepts the offer, all of the variable costs and $1,200 of the fixed costs will be avoided. Should Gent Designs accept the offer from Cory Corporation?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Remarkable Enterprises requires four units of part A for every unit of Al that it produces. Currently, part A is made by Remarkable, with these per-unit costs in a month when 4,000 units were produced: Variable manufacturing overhead is applied at $1.60 per unit. The other $0.50 of overhead consists of allocated fixed costs. Remarkable will need 8,000 units of part A for the next years production. Altoona Corporation has offered to supply 8,000 units of part A at a price of $8.00 per unit. If Remarkable accepts the offer, all of the variable costs and $2,000 of the fixed costs will be avoided. Should Remarkable accept the offer from Altoona Corporation?
- Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) required on each machine are as follows: The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be sold, but up to 1,000 units of each of the other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1, 2, and 3 are 8, 6, and 9, respectively. a. Formulate and solve for the recommended production quantities. b. What are the objective coefficient ranges for the three components? Interpret these ranges for company management. c. What are the right-hand-side ranges? Interpret these ranges for company management. d. If more time could be made available on the grinder, how much would it be worth? e. If more units of component 3 can be sold by reducing the sales price by 4, should the company reduce the price?Cozy, Inc., manufactures small and large blankets. It estimates $950,000 in overhead during the manufacturing of 360,000 small blankets and 120,000 large blankets. What is the predetermined overhead rate if a small blanket takes 2 hours of direct labor and a large blanket takes 3 hours of direct labor?Cozy, Inc., manufactures small and large blankets. It estimates $350,000 in overhead during the manufacturing of 75,000 small blankets and 25,000 large blankets. What is the predetermined overhead rate if a small blanket takes 1 machine hour and a large blanket takes 2 machine hours?
