Apex Manufacturing Co. has a manufacturing capacity of 12,000 units. The flexed production cost budget of the company is as follows: Capacity 50% 100% Total Production Costs $18,000 $30,000 What is the budgeted total production cost if it operates at 75% capacity?
Q: What amount of cash will be needed to pay back the note payable plus interest on July 1, 2022 on…
A: Step 1: Definition of Note Payable A note payable is a written promise to pay a specific amount of…
Q: Financial Accounting Question need help
A: Step 1: Define After-Tax ReturnAfter-tax return is the yield or return on an investment after…
Q: Buffalo Inc. issued $4,200,000 of convertible 5-year bonds on July 1, 2025. The bonds provide for 6%…
A: (a) Oct. 1, 2026 The journal entry to record the conversion of bonds into common stock:Account…
Q: Sunk costs $ A business purchased a delivery truck 5 years ago at a cost of $45,000. It is now…
A: Please read fully Sunk costs are expenses that have already been paid and cannot be recovered, no…
Q: Financial Accounting solve this accounting problem
A: Step 1: Definition of Accrual Basis and Cash Basis AccountingAccrual Basis Accounting: Recognizes…
Q: The following transactions of Weber Company occurred during the current year: The company acquired a…
A: The company acquired a tract of land in exchange for 1,000 shares of $10 par value common stock. The…
Q: Compute the target selling price per unit under absorption costing .
A: Explanation of Absorption Costing:Absorption costing is a costing method where all manufacturing…
Q: Please given answer general accounting
A: Assets=Stockholders Equity+LiabilitiesCalculation of Stockholders Equity 2017Stockholder's Equity…
Q: The controller of Harper Manufacturing has collected the following monthly expenses data.
A: Explanation of High-Low Method:The high-low method is a simple technique to separate mixed costs…
Q: Need correct answer. Account
A: Option b is the correct answer because owner's equity, as the name implies, is the claims of the…
Q: Compute XYZ Co.'s asset turnover ratio.
A: Explanation of Asset Turnover Ratio:The asset turnover ratio measures how efficiently a company uses…
Q: General accounting
A: Step 1:Annual Payments will equal the present value of the total annual payments in the 10 years.…
Q: Ans plz general accounting
A: Step 1:First calculate the net income available for common stockholders: Net income available for…
Q: General Accounting Question
A: Step 1: Formula Degree of operating leverage = Contribution margin/Net operating income Step 2:…
Q: MCQ
A: The correct explanation would be: "Business cycle alignment improves temporal…
Q: What is the sustainable rate of growth general accounting
A: To calculate the sustainable growth rate (SGR), we use the formula: SGR = ROE × (1 - Dividend Payout…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is a rate…
Q: What was the gain or loss on the sale of the machinery on these accounting question?
A: Step 1: Identify the original cost of the machinery.Step 2: Identify the accumulated…
Q: Provide answer this general accounting question
A: Step 1: Define Reclassification AdjustmentA reclassification adjustment is an accounting procedure…
Q: Hamilton supplies shows the following balance.
A: Explanation of Gross Profit Margin: Gross profit margin is the percentage of revenue that exceeds…
Q: ?!
A: Given:Trademark purchase price = $58,000Legal fees = $3,200 Formula:Trademark account = Trademark…
Q: Question
A: Explanation of Net Income Percentage: Net income percentage (profit margin) measures the percentage…
Q: Financial Accounting Question please help
A: Step 1: Define Straight-Line DepreciationStraight-Line Depreciation is a method of allocating the…
Q: Accurate Answer
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a calculated value…
Q: How much is the annual amortization expense for 2022 on these financial accounting question?
A: To calculate the annual amortization expense for the patent, follow these steps: Determine the total…
Q: Brookfield's General Store generated revenues during September.
A: To calculate Brookfield's net income for September, use the following formula: Net Income = Total…
Q: What is the return on assets ??
A: To calculate the Return on Assets (ROA), use the formula:ROA=Net Income/Total Assets Step 1:…
Q: Can you solve this general accounting problem?
A: Step 1: Define Period Costs Under Variable CostingPeriod Costs (Variable Costing) Under the variable…
Q: What was it's ROE ? General accounting
A: The formula for Return on Equity (ROE) is: ROE = (Net Income / Total Common Equity) × 100 Given:Net…
Q: Please given answer general accounting
A: Step 1: Analysis of information givenNet income = $225,000Preferred dividend = $20,000Average…
Q: A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per…
A: Given Data:Total Cost per Unit at 100,000 units: $50.00Variable Cost per Unit: $20.00Markup: 50%New…
Q: General accounting
A: Step 1: Recall the Return on Equity (ROE) formula using the DuPont analysis.ROE = Profit Margin x…
Q: Elara Manufacturing Inc. has provided the following financial data for the year: please answer the…
A: Step 1: Define Income Taxes OwedIncome Taxes Owed refer to the amount of tax a person or business is…
Q: Answer
A: Resource consumption sequencing affects cost accumulation because the order in which costs are…
Q: Newhard Company assigns overhead costs to jobs on the basis of 125% of direct labor costs. The job…
A: Explanation of Overhead Rate: The overhead rate is a predetermined percentage or amount used to…
Q: Need answer
A: Explanation of Financing Activities: These are activities that involve obtaining or repaying…
Q: Compute the company's degree of operating leverage?
A: Explanation of Degree of Operating Leverage (DOL): DOL measures the impact of changes in sales on…
Q: Please provide answer this financial accounting question
A: Step 1: Define Cash ReceiptsCash receipts include the total inflows from cash sales and collections…
Q: None
A: Step 1: Definition of Direct Labor VarianceDirect Labor Variance is the difference between the…
Q: Please provide Correct answer
A: Calculate Net Income:Profit Margin = Net Income / SalesNet Income = Profit Margin * SalesNet Income…
Q: What is the gross profit margin?
A: To calculate the gross profit margin, we first calculate the gross profit and then divide it by net…
Q: Atlas Corporation has forecasted sales of $4,000 in January, $5,500 in February, and $7,000 in…
A: Explanation of Accounts Receivable:Accounts receivable refers to the money owed to a business by its…
Q: Need answer
A: Step 1:The total manufacturing cost incurred during the period is the sum of direct material used,…
Q: What is your capital gain or loss on these financial accounting question?
A: Step 1: Define Capital Gain or LossA Capital Gain or Loss refers to the profit or loss realized from…
Q: Need answer the financial accounting question
A: Step 1: Define Total Tax LiabilityThe Total Tax Liability is the total amount of corporate taxes…
Q: Provide correct solution and accounting
A: To calculate the total variable costs, you only include the costs that change with the level of…
Q: 4 POINTS
A: Explanation of Purchase Cost: This refers to the total amount paid for acquiring assets, which in…
Q: Wilson Company traded a used forklift for a new one.... Please answer the financial accounting…
A: Step 1: Define Exchange Lacking Commercial SubstanceAn exchange lacking commercial substance means…
Q: The Blue Jay Corporation has annual sales
A: Given:Sales = $5,200Total debt = $1,500Total equity = $2,800Profit margin = 8% Formula:Return on…
Q: Help
A: Step 1: Calculate total assets: Cash + Inventory + Property, Plant & Equipment.Step 2: Calculate…
Apex Manufacturing co. Has a manufacturing capacity of 12,000 units.


Step by step
Solved in 2 steps

- Provide answerCanucks plc has prepared the following flexible budget for the coming year. The Budgeted level of activity is 7,500 units. SalesDirect material Direct labour Variable overheads Fixed overheads Profit £ 250,000 75,000 60,000 30,000 45,000 22,500 If the budget is flexed to a level of activity of 10,000 units, what would the total budgeted cost be? a) £265,000 b) £280,000 c) £123,750 d) £168,750Dakota Co. has prepared the following flexible budget for the coming year. The budgeted level of activity is 5,000 units. SalesDirect material Direct labour Variable overheads Fixed overheads Profit £ 125,000 37,500 30,000 15,000 20,000 22,500 If the budget is flexed to a level of activity of 7,500 units, what would be the budgeted total costs be? a) £102,500 b) £110,000 c) £143,750 d) £126,000
- Not ChatGPT AnswerOcean Company is conducting a cost-volume-profit (CVP) analysis and has just prepared thefollowing budget information for the coming year:Product Line Alpha Beta Ceta Total$ $ $ $Sales revenues 600,000 1,200,000 200,000 2,000,000Less: variable costs 480,000 800,000 120,000 1,400,000Contribution margin 120,000 400,000 80,000 600,000Less: fixed costs 330,000Net profit 270,000The budget assumes the sale of 20,000 units of Alpha, 100,000 units of Beta, and 40,000 unitsof Ceta.Required:(a) Determine the overall contribution margin ratio the company's break-even point in totalsales dollars. (b) Determine the company's break-even point in total units and individual product units atthe budgeted sales mix. (c) If total sales volume is increased to 200,000 units with the same budgeted sales mix,calculate the total amount of contribution margin and the net profit earned.Bizet plc has prepared the following flexible budget for the coming year. The Budgeted level of activity is 7,500 units. Sales 250000 Direct material 75000 Direct labour. 60000 Variable overheads 30000 Fixed overheads. 45000 Profit. 20000 If the budget is flexed to a level of activity of 10,000 units, what would the total budgeted cost be? a) $280000 b) $123750 c) $265000 d) $168750
- Toews Ltd has prepared the following flexible budget for the coming year. The Budgeted level of activity is 7,500 units. SalesDirect material Direct labour Variable overheads Fixed overheads Profit If the budget is flexed to a level of budgeted cost be? a) £280,000 b) £265,000 c) £123,750 d) £168,750 £ 250,000 75,000 60,000 30,000 45,000 22,500 activity of 10,000 units, what would the totalSolveSOM plc sells one product for which data for a budgeted period are given below: Selling price per unit Variable cost per unit Fixed cost per unit £ 90 40 22 Fixed costs are based on a budgeted level of activity of 5,000 units. Calculate the total costs of production of 5,000 units: A. £110,000 B. £250,000 C. £450,000 D. £310,000.
- The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 150000 Depreciation on factory building 90000 Total manufacturing overhead $1140000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of a. $1278000. b. $1350000. c. $1368000. d. $1140000.The master budget of Vaughn Manufacturing shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor Machine supplies Indirect materials Depreciation on factory building Total manufacturing overhead $810000 O $1666000. O$1514000. O $1704000. O $1420000. 190000 230000 190000 $1420000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs ofAtlanta Sky High Company has two departments, X and Y. The following estimates are for the coming year: X 20,000 Direct manufacturing labor-hours Machine-hours Manufacturing overhead 30,000 $300,000 Y 30,000 20,000 $330,000 The budgeted indirect-cost driver rate for Y based on the number of machine-hours is in excess of X by (Round interim and the final answer to the nearest cent