Assume that Win Co. is considering disposing of equipment that cost $74,582.00 and has $52,207.40 of accumulated depreciation to date. Win Co. can sell the equipment through a broker for $30,681.00 less 5% commission. Alternatively, But Co. has offered to lease the equipment for five years for a total of $48,245.00. Win will incur repair, insurance, and property tax expenses estimated at $9,671.00. At lease end, the equipment is expected to have no residual value. Determine the net differential income from the lease alternative. a. $29,146.95 b. $48,245.00 c. $9,427.05 d. $16,199.40 Job 397 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate $59,400 1,254 DLHS $11 per DLH Number of units completed 3,300 units The company applies manufacturing overhead on the basis of direct labor hours. The predetermined overhead rate is $37 per direct labor hour. What is the unit product cost that would appear on the job cost sheet for this job? A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. 7,450 B. 9,450 C. 10,100 D. 12,850 E. 13,500
Assume that Win Co. is considering disposing of equipment that cost $74,582.00 and has $52,207.40 of accumulated depreciation to date. Win Co. can sell the equipment through a broker for $30,681.00 less 5% commission. Alternatively, But Co. has offered to lease the equipment for five years for a total of $48,245.00. Win will incur repair, insurance, and property tax expenses estimated at $9,671.00. At lease end, the equipment is expected to have no residual value. Determine the net differential income from the lease alternative. a. $29,146.95 b. $48,245.00 c. $9,427.05 d. $16,199.40 Job 397 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate $59,400 1,254 DLHS $11 per DLH Number of units completed 3,300 units The company applies manufacturing overhead on the basis of direct labor hours. The predetermined overhead rate is $37 per direct labor hour. What is the unit product cost that would appear on the job cost sheet for this job? A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. 7,450 B. 9,450 C. 10,100 D. 12,850 E. 13,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Assume that Win Co. is considering disposing of equipment that cost $74,582.00 and has
$52,207.40 of accumulated depreciation to date. Win Co. can sell the equipment through a
broker for $30,681.00 less 5% commission. Alternatively, But Co. has offered to lease the
equipment for five years for a total of $48,245.00. Win will incur repair, insurance, and
property tax expenses estimated at $9,671.00. At lease end, the equipment is expected to
have no residual value. Determine the net differential income from the lease alternative.
a. $29,146.95
b. $48,245.00
c. $9,427.05
d. $16,199.40
Job 397 was recently completed. The following data have been recorded on its job cost
sheet:
Direct materials
Direct labor-hours
Direct labor wage rate
$59,400
1,254 DLHS
$11 per DLH
Number of units completed 3,300 units
The company applies manufacturing overhead on the basis of direct labor hours. The
predetermined overhead rate is $37 per direct labor hour.
What is the unit product cost that would appear on the job cost sheet for this job?
A sporting goods store purchased $9,450 worth of ski boots in October. The store had
$4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of
ski boots in inventory at the end of October to cover part of anticipated November sales.
What is the budgeted cost of goods sold for October?
A. 7,450
B. 9,450
C. 10,100
D. 12,850
E. 13,500
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