A-6 Budgeted salesBatch sizeSetupsPurchase order sizeRoasting timeBlending timePackaging timeActivityPurchasingMaterials handlingQuality controlRoastingBlendingPackagingCoffee Bean has total practical capacity as noted in the table below, l.e. processing 1,680 purchase orders, 2,680 setups, etc. Theseare the levels of activity work that are sustainable.Mona Loa100,000 pounds10,000 pounds3 per batch25,000 pounds1 hour per 100 pounds8.5 hour per 100 pounds8.1 hour per 100 poundsPurchasingMaterials handlingQuality controlRoastingBlendingPackagingPracticalCapacity1,6802,6001,488102,00038,80032,800Required:L Determine the activity rates based on practical capacity and the cost of idle capacity for each activity. (Round "Usage %* and"Practical Capactity Rate" to 2 decimal places. For percentages 1234 = 12.34%)Budgeted Budgeted CostActivity1,298 $ 649,0001,940 $776,000BGO $ 172,000Malaysian2,000 pounds500 pounds3 per batchsee pounds1 hour per 100 pounds8.5 hour per 100 pounds0.1 hour per 100 pounds97,500 $35,000 $27,400 $$975,000350,000274,0003,106,000Usage BasedRatePracticalCapacity atCurrentSpending1,6802,6801,480102,80038,80032,800Usage %PracticalCapacity RateUnusedCapacityIdle CapacityCost$ Coffee Bean Incorporated (CBI) processes and distributes high-quality coffee. CBI buys coffee beans from around the world androasts, blends, and packages them for resale. Currently, the firm offers 2 coffees to gourmet shops in 1-pound bags. The major cost isdirect materials; however, a substantial amount of factory overhead is incurred in the predominantly automated roasting and packingprocess. The company uses relatively little direct labor.CBI prices its coffee at full product cost, including allocated overhead, plus a markup of 30%. If its prices are significantly higher thanthe market, CBI lowers its prices. The company competes primarily on the quality of its products, but customers are price conscious aswell.Data for the current budget include factory overhead of $3,196,000, which has been allocated on the basis of each product's directabor cost. The budgeted direct labor cost for the current year totals $600,000. The firm budgeted $6,000,000 for purchase and useof direct materials (mostly coffee beans).The budgeted direct costs for 1-pound bags are as follows:Direct materialsDirect laborMona Loa$4.208.30CBI's controller, Mona Clin, believes that its current product costing system could be providing misleading cost information. She hasdeveloped this analysis of the current year's budgeted factory overhead costs:ActivityPurchasingMaterials handlingQuality controlRoastingBlendingPackagingTotal factory overhead costMalaysian$ 3.280.30Budgeted salesBatch sizeCost DriverPurchase ordersSetupsBatchesRoasting hoursBlending hoursPackaging hoursBudgetedDriverConsumption1,2001,940Mona Loa100,000 pounds10.008 nounds86897,50035,00027,400Data regarding the current year's production for the Mona Loa and Malaysian lines follow. There is no beginning or ending directmaterials inventory for either of these coffees.Budgeted Cost$ 649,000776,000172,000975,000350,000274,000$3,196,000Malaysian2,000 pounds500 ods

Coffee Bean Incorporated (CBI) has two coffee products - Mona Loa and MalaysianCBI’s controller,…

Budgeted sales Batch size Setups Purchase order size Roasting tine Blending time Packaging time Activity Purchasing Materials handling Quality control Roasting Blending Packaging Coffee Bean has total practical capacity as noted in the table below, Le processing 1680 purchase orders, 2,680 setups, etc. These are the levels of activity work that are sustainable Mona Loa 100,000 pounds 10,000 pounds 3 per batch 25,000 pounds 1 hour per 100 pounds 9.5 hour per 100 pounds 8.1 hour per 100 pounds Purchasing Quality control Rowling Bending Practical Capacity 1,600 2,500 1.400 102,000 38,000 32,000 Required: 1 Determine the activity rates based on practical capacity and the cost of ide capacity for each activity (Round "Usage Sand Practical Capactity Rate" to 2 decimal places. For percentages 1234-12.34%) Budgeted Cost 1.29 $ 649.000 1,940 $ 2,000 pounds see pounds 3 per batch see pounds 1 hour per 100 pounds 8.5 hour per 100 pounds 0.1 hour per 100 pounds 776.000 172.000 975.000 000 $ $7,500 $ 35.000 $ 27,400 S 274,000 $3.106.000 Usage Based Capaci Spending 1,480 2,480 1,400 100,000 Practical Capacity Rate de Capacity Cost $

Budgeted sales Batch size Setups Purchase order size Roasting tine Blending time Packaging time Activity Purchasing Materials handling Quality control Roasting Blending Packaging Coffee Bean has total practical capacity as noted in the table below, Le processing 1680 purchase orders, 2,680 setups, etc. These are the levels of activity work that are sustainable Mona Loa 100,000 pounds 10,000 pounds 3 per batch 25,000 pounds 1 hour per 100 pounds 9.5 hour per 100 pounds 8.1 hour per 100 pounds Purchasing Quality control Rowling Bending Practical Capacity 1,600 2,500 1.400 102,000 38,000 32,000 Required: 1 Determine the activity rates based on practical capacity and the cost of ide capacity for each activity (Round "Usage Sand Practical Capactity Rate" to 2 decimal places. For percentages 1234-12.34%) Budgeted Cost 1.29 $ 649.000 1,940 $ 2,000 pounds see pounds 3 per batch see pounds 1 hour per 100 pounds 8.5 hour per 100 pounds 0.1 hour per 100 pounds 776.000 172.000 975.000 000 $ $7,500 $ 35.000 $ 27,400 S 274,000 $3.106.000 Usage Based Capaci Spending 1,480 2,480 1,400 100,000 Practical Capacity Rate de Capacity Cost $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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14. Determine the numerical value of the factor (F/A, 5%, 10). A 0.1295 0.0795 12.5779 D 7.7217 B.
Unit IV question 13
8. Transform 2 into an improper fraction. 10 a. 28/5 b. 5/14 C. 14/5 d. 14/10
3 . D e t e r m i n e t h e a n n u a l n e t c o s t o f t h e s e c h e c k i n g a c c o u n t s : a ) M o n t h l y f e e o f P 5 0 0 . 0 0 , a c h e c k p r o c e s s i n g f e e o f P 2 5 0 . 0 0 , a n a v e ra g e o f 1 9 c h e c k s w r i t t e n p e r m o n t h b ) A n n u a l i n t e r e s t o f 2 . 5 % p a i d i f b a l a n c e e x c e e d s P 2 0 , 0 0 0 . 0 0 , P 2 , 0 0 0 . 0 0 m o n t h l y f e e i f a c c o u n t f a l l s b e l o w t h e m i n i m u m b a l a n c e , a v e r a g e m o n t h l y b a l a n c e P 1 5 , 0 0 0 . 0 0 , a c c o u n t f a l l s b e l o w P 1 0 , 0 0 0 . 0 0 d u r i n g 4 m o n t h s .
n 13 h/w 6 ts https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... eBook Print erences Revenue: Net sales Dividend income Interest income Gain on sales of marketable securities Total revenue and gains Costs and expenses: Cost of goods sold Operating expenses Interest expense Income tax expense Total costs and expenses Net income Question 6 - Ch 13 h/w - Connect TREECE, INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 The following income statement and selected balance sheet account data are available for Treece, Inc., at December 31, 2021. Selected account balances: Saved ✪ Help Save & Exit Submit Check my work
Question 3: When is an employer NOT required to file a quarterly Form 941? Answer: А. O When annual tax liability for federal income, Social Security, and Medicare tax is less than $1,000 В. O When annual tax liability for federal income, Social Security, and Medicare tax is less than $1,500 С. O When annual tax liability for federal income, Social Security, and Medicare tax is less than $2,500 D. When annual tax liability for federal income, Social Security, and Medicare tax is less than $100,000
ANotes X A Soluti x A Notes x A Soluti x A Tuton X Answ X OTgzNDkyOTcw/a/MJU1MTU2OT94NZAX/details 2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: RM 83,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Particulars Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts 4,250 4,000 500 13,570 6,200 Drawings Cash at bank Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 300 8,000 3,800 2,900 Additional information as at 31 Mac 2020: Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. i. ii. i. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing…
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The following information is provided for the first month of operations for Legal Services Inc.: A. The business was started by selling $103,000 worth of common stock. B. Six months' rent was paid in advance, $4,100. C. Provided services in the amount of $1,500. The customer will pay at a later date. D. An office worker was hired. The worker will be paid $277 per week. E. Received $520 in payment from the customer in "C". F. Purchased $300 worth of supplies on credit. G. Received the electricity bill. We will pay the $120 in thirty days. H. Paid the worker hired in "D" for one week's work. I. Received $130 from a customer for services we will provide next week. J. Dividends in the amount of $1,800 were distributed. Prepare the necessary journal entries to record these transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. A. B. 111
question #2 Engineering Economics