Accounting-Alpine Peaks Ski Lodge energy allocation: Heating = 45% of total Lighting = 40% of balance after snowmaking Snowmaking = 30% of remaining Other operations = Remaining usage Monthly usage 50,000 kWh, determine Other operations usage.
Q: What is the purchaser's net cost of the merchandise?
A: Explanation of Discount Terms (2/10, n/30):The term "2/10" means the buyer can take a 2% discount on…
Q: Piechocki Corporation manufactures and sells a single product. The company uses units as the measure…
A: Step 1:Revenue Variance is the difference between the Actual Sales revenue and the Flexible Budget…
Q: general account
A: To determine the total ending inventory balance for Oriole Company, we need to apply the lower of…
Q: Give me correct answer the accounting question
A:
Q: A company report the following solve this question answer financial accounting
A: Step 1: Define RatioA ratio is a mathematical relationship between two quantities that are often…
Q: 25 help
A: Cash, accounts receivable, inventory, prepaid rent, and investment in equity securities (short term)…
Q: Hi expert please give me answer accounting questions
A: Given Information:Principal amount (Note payable) = $5,000Interest rate = 5% per yearInterest…
Q: A firm exports goods from Botswana to South Africa costing ZAR450 000.00. Payment isexpected in 3…
A: a. Examination of Whether Hedging is Beneficial to the FirmTo determine whether hedging is…
Q: Solve this accounting questions
A: Step 1: Define Depreciation RateThe use of depreciation rate is essential for several reasons in…
Q: Spencer's Sports manufactures outdoor equipment at three regional plants. The Freeway Plant produces…
A: I'll solve this problem step by step using both the traditional direct labor cost allocation method…
Q: None
A: The question pertains to the determination of the Internal Growth Rate or the IGR. An internal…
Q: provide answer soon for this account questions
A: Step 1: Calculation of total taxable incomeTaxable income from operations: $65,000Interest income:…
Q: What is the present value of a $1,000 bond provide answer accounting questions
A: Step 1: Calculate the present value of the coupon payments.The bond pays $90 in annual coupon…
Q: Kneller Co. Manufactures and sells medals for winners of athletics and other events. Please provide…
A: Step 1: Define Relevant Costs in Accepting an OrderThe relevant costs a company should consider in a…
Q: Three major segments of the transportation industry are motor carriers, such as YRC Worldwide…
A: Asset turnover ratio is calculated using this formula: Step 1: Determine Net Sales of the company or…
Q: Need help with this accounting question
A: Step 1:The sales revenue under accrual basis of accounting is calculated using the below formula:…
Q: General Accounting
A: To calculate Bramble Corp.'s return on assets (ROA) for 2017, we use the formula:Return on Assets…
Q: Rebeca Company produced basketball
A: Explanation of Variable Costing:Variable costing is a costing method where only variable costs…
Q: None
A: Step 1: Identify Total Distribution:Becker distributed a total of $80,000 to Ronan.Step 2: Assess…
Q: Please Provide General Accounting Question solution
A: Step 1: Define Average AssetsThe average assets is computed by obtaining the sum of the beginning…
Q: Can you please solve this accounting question?
A: Step 1: Define Return on AssetsReturn on Assets is a profitability ratio which measures the net…
Q: General Accounting Question: Royal Symphony ticket system by seating zones: Orchestra: Base + 80%…
A: Explanation of Base Rate: Base rate is the fundamental or starting price point used as a reference…
Q: Hello tutor please provide this question solution accounting
A: We can use the DuPont formula to calculate Briggs Company's rate of return on investment (ROI). The…
Q: general accounting question
A: Step 1: Define Manufacturing OverheadManufacturing overhead is the sum total of all the indirect…
Q: Solve this general accounting problem
A: Step 1: Introduction to cost of a productThe cost of a product refers to the total amount of…
Q: Provide answer accounting
A: Step 1: Define Predetermined Overhead RatePredetermined Overhead Rate is the estimated overhead rate…
Q: Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized…
A: Step 1:The net income for December is calculated as follows:…
Q: Skylark has forecast production for the next three solve this general accounting question
A: Step 1: Define ManufacturingManufacturing is when the materials are in raw form, which is changed…
Q: account expert accept
A: Step 1: Understand Variable CostingUnder variable costing, the production cost per unit includes…
Q: Need help with this question solution general accounting
A: Explanation: The percentage of total return can be calculated using the following formula:Percentage…
Q: Get correct answer general accounting
A:
Q: Please provide correct answer general accounting questions
A: Step 1: Define Accounts payableAccounts indicate the short-term liability for the business, which is…
Q: Which condition triggers special revenue accounting
A: Explanation of Bill-and-Hold Arrangements: Bill-and-hold arrangements are special sales agreements…
Q: Given the following data:
A: Explanation of Fixed Asset Turnover: Fixed asset turnover is a financial efficiency ratio that…
Q: I won't correct answer general accounting
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle for a firm represents the time in…
Q: Aloha swimwear has received a special solution this question accounting
A: Step 1: Define Incremental ContributionThe incremental contribution margin that accepting a special…
Q: Net Income?
A: Step 1: Given Value for Calculation Contribution Margin Ratio = cmr = 40%Cost = c = $29,067Increase…
Q: Solve this accounting question
A: Step 1: Define DuPont AnalysisDuPont Analysis states that the return on equity is the product of…
Q: Federal Way, Incorporated, is a major department store chain. The dominant portion of the company's…
A: To estimate the merchandise purchases for the year, we can use the following formula: Beginning…
Q: None
A:
Q: Required information [The following information applies to the questions displayed below.] Shadee…
A: Step 1: The budgeted cost of poles purchased can be calculated by first calculating the Budgeted…
Q: Follow the Instructions
A: Answer 1 The first thing we will do is to determine first the proper treatment of the transactions…
Q: City company has service departments solution accounting questions
A: Step 1: Define Cost AllocationMost manufacturing companies have different service departments and…
Q: None
A: Detailed explanation: Definition of Amount Realized: • Fair and reasonable compensation received by…
Q: Kate Company purchased a tractor at a cost of $180,000. Please provide solution these general…
A: Step 1: Define Straight-Line DepreciationThe straight-line depreciation method for items of…
Q: Please provide this question solution general accounting
A: Step 1: AOCI Components• Beginning AOCI Balance: $5,000• Change in AOCI (Unrealized Holding Loss):…
Q: I won't to correct answer general accounting question
A: Step 1: Define Manufacturing CostManufacturing costs include the amount incurred to produce the…
Q: Given accounting questions answer
A: Explanation: Total cash payment on maturity date can be calculated as = Principal borrowed +…
Q: GENERAL ACCOUNT - 53 Mitchell Corporation prepared the following reconciliation for its first year…
A: Step 1: Calculate the Current Tax ExpenseThe current tax expense is based on the taxable income for…
Q: General Accounting
A: Step 1: Define Rate of returnThe percentage of net gain or loss in a particular time period over…
Step by step
Solved in 2 steps
- Cost accountDermody Snow Removal's cost formula for Its vehicle operating cost is $2,960 per month plus $326 per snow-day. For the month of December, the company planned for activity of 20 snow-days, but the actual level of activity was 18 snow-days. The actual vehicle operating cost for the month was $9,770. The spending varlance for vehlcle operating cost in December would be closest to: Multiple Cholce $290 U $290 F $942 U $942 FThe electricity costs and machine hours for a period of 6 months are as follows Hours CostsMonths machine electricityJanuary 2,000 $ 4,800February 2,500 $ 5,200March 3,000 $ 5,400April 2,400 $ 5,000May 2,800 $ 5,600June 2,200 $ 5,000Using the high-low method, what is the formula to use to determine electricity costs at different volumes of electricity hours? (Fixed cost + variable cost × volume). a. Electricity costs = $ 2,800 + ($ 1.00 x number of machine hours) b. Electricity costs = $ 2,600 + ($ 1.00 x number of machine hours) c. Electricity costs = $ 400 + ($ 1.67 x number of machine hours) d. Electricity costs = $ 3,600 + ($ .60 x number of machine hours)
- A company anticipates the cost to heat the building will be $21.000. Product A Lakes up 500 square feet of space, while Product B takes up 200 square feet. The activity rate per product using activity-based costing would be which of the following? A. $30/square foot B. $4.20/square foot C. $11/square foot D. $15.20/square footLife Force Fitness, Inc., assembles and sells treadmills. Activity-based product information for each treadmill is as follows: Activity Activity-Base Usage(hrs. per unit) X Activity Rateper Hour = Activity Cost Motor assembly 1.50 $20 $30.00 Final assembly 1.00 18 18.00 Testing 0.25 22 5.50 Rework 0.40 22 8.80 Moving 0.20 15 3.00 Activity cost per unit $65.30 All of the activity costs are related to labor. Management must remove $2.00 of activity cost from the product in order to remain competitive. Rework involves disassembling and repairing a unit that fails testing. Not all units require rework, but the average is 0.40 hours per unit. Presently, the testing is done on the completed assembly; but much of the rework has been related to motors, which can be tested independently prior to adding the motor…North-South Pole Company produces two products, a jacket suitable for adventure-seeking people(Spirit) and a jacket for less-adventurous people (Companion).Production and Sales per year 20,000 units (Spirit) & 5,000 units (Companion)Direct labour 3.5 hours per unit (both)Direct labour cost $32.00 per hourEstimated annual manufacturing overhead $285,000Direct materials $180 per unit (both)Breakdown of overhead ratesActivity Cost Pools EstimatedOverheadExpected Use of Cost Driversper ActivityActivity BasedOverhead RatesMachine set-up overhead $ 40,000 ,per activity200 . what is overhead rate$? per set-upSewing overhead $135,000 and per activity37,500 machine hours per activity (MH)and per setup and what is overhead rates $? per MHInspection overhead $ 25,000 and per activity1000 therefore,what is the overhead rates $? per inspectionThe breakdown between the two products for assigning overheads are as follows:Product No. of Set-ups Sewing InspectionsSpirit 105…
- ake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour $ 21,300 $ 16.00 $ 7.00 $ 0.50 $ 1.50 Wages and salaries Parts and supplies Equipment depreciation $ 2,770 Truck operating expenses $5,780 $ 4,630 Administrative expenses $3,820 $ 0.80 For example, wages and salaries should be $21,300 plus $16.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $46.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. RentThe expected costs for the Maintenance Department of Stazler, Inc., for the coming year include: Fixed costs (salaries, tools): 64,900 per year Variable costs (supplies): 1.35 per maintenance hour Estimated usage by: Actual usage by: Required: 1. Calculate a single charging rate for the Maintenance Department. 2. Use this rate to assign the costs of the Maintenance Department to the user departments based on actual usage. Calculate the total amount charged for maintenance for the year. 3. What if the Assembly Department used 4,000 maintenance hours in the year? How much would have been charged out to the three departments?Calculating Manufacturing Cycle Efficiency Indy Company has the following data for one of its manufacturing plants: Maximum units produced in a quarter (3-month period): 250,000 units Actual units produced in a quarter (3-month period): 192,000 units Productive hours in one quarter: 25,000 hours The actual cycle time for Indy Company is 7.81 minutes, and the theoretical cycle time is 6 minutes. Required: 1. Calculate the amount processing time and the amount of nonprocessing time. required, rour your answers to wo ecimal places. Processing time minutes Nonprocessing time minutes 2. Calculate the MCE. If required, round your answer to nearest whole number. %
