Given the following costs and activities for Dance Company, use the high-low method to calculate Dance's variable electrical costs per machine hour. Costs Machine Hours August $11,700 15,000 September 13,200 17,500 October 11,400 14,500
Q: General accounting
A: Step 1: Formula Basis: CostMarkup percentage = (Revenue - Cost)/Cost Step 2: Substitution Markup…
Q: With respect to the distribution vijay has gain of
A: Explanation of Gain on Property Distribution:A gain on property distribution occurs when a…
Q: Need answer please
A: Sale Volume Variance = (Actual Sales Volume units - Budgeted sale volume units) * Standard unit…
Q: none
A: Step 1: Definition of Income Tax ExpenseIncome tax expense represents the total tax obligation a…
Q: Provide answers
A: Under variable costing, only the manufacturing costs that change in total with production volume are…
Q: Need correct answer financial accounting
A: Explanation for a: In the given case, we are required to calculate the amount of Social security tax…
Q: Taylor Industries has a net income of $74.5 million and pays out $10.2 million in dividends. The…
A: To calculate the sustainable growth rate (SGR) for Taylor Industries, we use the following…
Q: Need help with this general accounting question not use ai please don't
A: Step 1: Formula Percentage change in accounts receivable = (Ending balance/Beginning balance) - 1…
Q: None
A: To calculate the total net gain or loss on this futures transaction, Given Information:Initial price…
Q: Financial accounting question
A: Step 1: Define Accounting EquationThe Accounting Equation states that a company's total assets are…
Q: Daya corporation reported the
A: Explanation of Earnings Per Share (EPS):Earnings Per Share (EPS) is a financial metric that measures…
Q: General accounting
A: Step 1: Define Ending InventoryEnding inventory, as the name suggests, is the amount of inventory…
Q: None
A: Debt Ratio = Total Debt/Total Equity42% = 198,400/Total EquityTotal Equity = 198,400/42%Total…
Q: need help this questions
A: The question requires the determination of the margin loan amount and the initial margin…
Q: None
A: Step 1: Definition of Gain or Loss on Sale of AssetThe Gain or Loss on Sale of an Asset is…
Q: Answer this Accounting question
A: Explanation of Government Spending: Government spending represents the total amount of money that a…
Q: Vijay Corporation distributes property to its sole shareholder, Leo. The property has a fair market…
A: Explanation of Fair Market Value (FMV): Fair Market Value represents the price at which property…
Q: the actual profit is
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is considered to figure out…
Q: Abc
A: Step 1: Definition of Work-in-Process (WIP)Work-in-Process (WIP) refers to partially completed goods…
Q: Abc
A: To calculate the net income, use the formula for Return on Equity (ROE): ROE =Net Income / Total…
Q: This is the top half of the problem, but I will send the bottom half, the "Alison Corporation and…
A: Part a: Determine the annual excess fair over book value amortization.Excess Fair Value Allocations…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Absorption CostingAbsorption costing is a costing method where all…
Q: Accounting problem with solution
A: To determine the value of the common stock, we use the **Gordon Growth Model (Dividend Discount…
Q: What was the balance in retained earning at December 31?
A: Explanation of Retained Earnings:Retained earnings refer to the cumulative net income a company…
Q: General accounting
A: To calculate the total amount of overhead applied to the plantwide overhead account for the year, we…
Q: provide correct answer general accounting
A: Step 1: Definition of Operating CycleThe Operating Cycle represents the time it takes for a company…
Q: What is the direct materials efficiency variance of this general accounting question?
A: Step 1: Formulas Direct materials efficiency variance = Standard price x (Actual quantity - Standard…
Q: General Accounting please provide answer
A: Step 1: Define Net Cash FlowNet Cash Flow is the total amount of cash generated or lost by a…
Q: Hello tutor solve this question is accounting
A: Step 1: Define Debt to Equity RatioThe debt to equity ratio is an important financial metric that is…
Q: Please need answer the financial accounting question
A: Step 1: Define Capital Maintenance and Investment RequirementsTo maintain the firm's capital stock,…
Q: Can you help me with accounting questions
A: Step 1: Definition of Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) represents the direct…
Q: General accounting
A: To determine Ruth's gain on the sale of the land, we follow these steps:Step 1: Calculate the Amount…
Q: Accounting problem with correct solution
A: Step 1: Define Contribution Margin RatioThe contribution margin percentage shows the percentage of…
Q: What is its equity multiplier? General accounting
A: Step 1: Define Asset TurnoverIn accounting, asset turnover is the ratio of a firm's total sales to…
Q: I want the correct answer with accounting question
A: Step 1: Define Net IncomeNet income is the most important indicator of a business's performance as…
Q: help me to solve this questions
A: We have given, For year 2012 : Sales = $4,000,000COGS = $2,400,000Inventory = $700,000 Step - 1:…
Q: On January 1, Jack Corp.'s Work-in-Process Inventory account had a balance of $29,600. During the…
A: Explanation of Work-in-Process Inventory: This represents the cost of partially completed goods in…
Q: New Corporation reported net sales of $4,500,000 for the year. The company’s beginning total assets…
A: Step 1: Calculation of average total assetsStep 2: Calculation of ending total assets
Q: Calculate a b c d?
A: Step 1: Definition of Variable ExpenseA variable expense is a cost that changes in proportion to the…
Q: Subject: financial accounting
A: Explanation of Asset Turnover Ratio: Asset turnover ratio measures how efficiently a company uses…
Q: What is the sustainable rate of growth? General accounting
A: Image.Explanation.The sustainable growth rate (SGR) is a key financial metric that indicates the…
Q: financial accounting
A: Step 1: Definition of Job Cost SheetA job cost sheet is a detailed record of the costs incurred for…
Q: What is the company's plantwide overhead rate?
A: Explanation of Plantwide Overhead Rate:The plantwide overhead rate is a single overhead rate used to…
Q: Provide answer this general accounting question
A: Compute total assets using debt ratio.Debt ratio = Total debt / Total assets0.45 = 225,000 / Total…
Q: Solve this Accounting problem
A: Step 1: Formula Cash conversion cycle = Inventory days + Accounts receivable days - Accounts payable…
Q: General accounting questions
A: Step 1:Gross profit is the amount that is left after deducting the cost of goods sold from sales. It…
Q: 5 POINTS
A: Given:Insurance proceeds = $1,250,000Original purchase price = $875,000 Formula:Realized gain =…
Q: Solve this general accounting problem without use ai
A: Step 1: Define Direct Materials Price VarianceThe Direct Materials Price Variance measures the…
Q: Variable manufacturing overhead:35470, fixed manufacturing overhead:10630
A: Step 1: Recall the components of total product cost under variable costing vs absorption…
Q: The amount of overhead allocated to each product
A: Explanation of Overhead Allocation:Overhead allocation refers to the process of distributing…
Given answer


Step by step
Solved in 2 steps

- eBook Carlton's Kitchen's three cost pools and overhead estimates are as follows: Activity Cost Pool Cost Driver EstimatedOverhead Use perProduct A Use perProduct B Machine Setups Setups $162,000 5,000 4,000 Assembly Number of Parts 68,000 24,000 44,000 Machine Maintenance Machine Hours 150,000 13,000 37,000 Compare the overhead allocation using (A) the traditional allocation method and (B) the activity-based costing method. (Hint: the traditional method uses machine hours as the allocation base.) For those boxes in which you must enter subtractive or negative numbers use a minus sign. Product A Product B Total Overhead (ABC) $fill in the blank 1 $fill in the blank 2 Total overhead (traditional) fill in the blank 3 fill in the blank 4 Difference $fill in the blank 5 $fill in the blank 6Use the activity rate and usage information to determine the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent. Total Activity Cost Activity Cost Per Unit 66,810 ✓ 37,403 X 220.50 X 184.25 ✓ Elliptical machines Treadmill $A company manufacturing two products furnishes the following data Annual output Product Output units Machine Hours Purchase Orders Machine set-ups A 5000 20000 160 20 B 60000 120000 384 44 Total 65000 140000 544 64 The annual overheads are as under. Rs Volume related activity costs 4,50,000 Set up related costs 9,20,000 Purchase related costs 5,18,000 Total 1,888,000 You are required to calculate the overheads cost per unit of each product A and B based on Activity based costing method.
- Harbor Images has collected the following cost data for various levels of activity: Images Created Total Cost $5,700 $6,320 $9,210 $5,250 Month 6,000 7,750 8,100 4,500 August September October November a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.) Variable Cost Per Image Fixed Cost Per Month b. Estimate the total costs when 6,500 images are created. (Do not round your intermediate calculations.) Total CostsGiven the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. March April May June Cost $3,100 2,700 2,900 3,600 Machine Hours 15.000 10,000 12,000 18,000From your readings and videos, you learned about cost estimation using the high low method. A company has captured two sets of data to estimate maintenance cost. Using the information below, estimate total maintenance should activity level reach 8,700 machine hours. Machine Maintenance Hours Cost per Machine Hour 10,000 8,000 $0.20 $0.25 Hi Low Select one: O a, $3,450 O b. $2,450 O c. $1,000 O d. $2,000 O e. $500
- Please show your work.in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023Sensor Systems manufactures an optical switch that it uses in its final product. The switch has the following manufacturing costs per unit: LOADING... (Click the icon to view the costs.) Direct materials $7.00 Direct labor 2.00 Variable overhead 8.00 Fixed overhead 6.50____________________________ Manufacturing product cost $23.50__________________________ _________________________________ LOADING... (Click the icon to view additional information.) Another company has offered to sell Sensor Systems the switch for $19.00 per unit. If Sensor Systems buys the switch from the outside supplier, the idle manufacturing facilities cannot be used for any other purpose, yet none of the fixed costs are avoidable. Prepare an outsourcing analysis to determine whether Sensor Systems should make or buy the switch. (For the Difference column, use a minus sign or parentheses only when the cost of outsourcing…
- Ocean Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 Fixed marketing expenses totaled $12,000 and fixed administrative expenses totaled $32,000. The price per calendar is $15. What is the contribution margin per unit?Assume a company's activity-based costing system includes three activities with the following activity rates: Activity Cost Pool Activity Rate $ 2 per mile driven $ 50 per delivery $ 22 per phone call Travel Deliveries Customer service Two of the company's many customers include Customer A and Customer B. These two customers consumed the company's activities as follows: Total Expected Activity Customer A Customer B Travel (number of miles driven) Deliveries (number of deliveries) Customer service (number of phone calls) 300 250 15 5 20 12 If the company earned $1,230 in revenue serving Customer B, then what is the customer margin for this customer? Multiple Cholce $236 $216 $196Assume a company's activity-based costing system Includes three activitles with the following activity rates: Activity Cost Pool Activity Rate $ 2 per mile driven $ 50 per delivery $ 22 per phone call Travel Deliveries Customer service Two of the company's many customers Include Customer A and Customer B. These two customers consumed the company's activitles as follows: Total Expected Activity Customer A Customer B Travel (number of miles driven) 300 250 Deliveries (number of deliveries) Customer service (number of phone calls) 15 5 20 12 How much total activity cost would be assigned to Customer A from the company's three activitles? Multiple Choice $1,680 $1,980 $1,790 $1,690