Given the following information, what is the cost of unused capacity for Delightful Donuts Shop? Cost of material supplied is $6,300 Cost of material used is $5,880 Cost of material used per donut is $1.40 Cost of material supplied per donut is $1.50
Q: The variable expense per unit is?
A: Explanation of Unit Sales: Unit sales refers to the total quantity of products sold by a company…
Q: Frank Corp. has sales of $740,000 and costs of $328,000. Interest expense is $30,000 and…
A: Step 1: Definitions Concept of Net Income:Net income is the final profit a company earns after all…
Q: Accounting problem
A: Step 1: Definition of Bond Premium and AmortizationBond Premium: When bonds are issued at a price…
Q: How much MOH was applied to WIP during the year ?
A: Provided Data:Budgeted direct labor cost = $980,000Budgeted manufacturing overhead = $870,000Actual…
Q: Margin ratio
A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio (CMR) is a measure of…
Q: Please provide the solution to this financial accounting question using proper accounting…
A: To find Tech Wave Innovations' total equity, we use the basic accounting equation:Equity = Total…
Q: Please explain the correct approach for solving this general accounting question.
A: Step 1: Define Labor Rate VarianceLabor Rate Variance is the difference between the actual hourly…
Q: Calculate reverside fixed cost per month? General accounting
A: We need to understand High-Low MethodNote that High-Low Method estimates fixed and variable costs…
Q: What is the overhead application rate?
A: Explanation of Factory Overhead: Factory overhead represents all manufacturing costs that cannot be…
Q: Financial Accounting question
A: Step 1: Define Compound InterestCompound interest refers to the interest calculated on both the…
Q: Depreciation (Straight-Line Method)A company purchases machinery for $50,000. The estimated salvage…
A: Given Data:Cost of machinery = $50,000Salvage value = $5,000Useful life = 10 yearsa) Annual…
Q: I am looking for the correct answer to this general accounting question with appropriate…
A: Step 1: Define Net IncomeNet income is the amount of profit a company earns after all expenses,…
Q: What is the cost of goods sold for harry styles supplies for the period ending 31 December 2XX5?
A: Definition of Cost of Goods Sold (COGS):The cost of goods sold (COGS) represents the direct costs…
Q: Correct answer...
A: Step 1: Calculate the predetermined overhead rateThe formula for the predetermined overhead rate…
Q: Step by step.....?
A: To compute the manufacturing overhead rate for the year, we use the predetermined overhead rate…
Q: Question: A company has the following information: Beginning Inventory: $50,000 Purchases:…
A: we use the following formula:COGS = Beginning Inventory + Purchases - Ending…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Definition of Gross ProfitGross profit is calculated as the difference between Sales Revenue…
Q: Need help
A: To calculate the Return on Equity (ROE), we use this formula:ROE = Return on Assets (ROA) ÷ (1 -…
Q: Kindly help me with this general accounting questions not use chart gpt please fast given solution
A: Step 1: Define Net IncomeNet income is calculated by subtracting total expenses from total revenues.…
Q: answer this Question
A: Definition of Direct Materials Used:Direct materials used refer to the raw materials that are…
Q: aj
A: For the status quo, to get the total revenue, add the revenue from the three products. The same with…
Q: Cary Fabrication uses a normal cost system and had the following data available for 2022:
A: Concept of Direct Materials Inventory:Direct materials inventory refers to the raw materials that a…
Q: His net income is ?
A: Explanation of Revenue (or Earnings):Revenue, also referred to as earnings or sales, is the total…
Q: Can you help me with General accounting question?
A: Step 1: Define Interest RevenueInterest revenue is the income earned from the lending of funds,…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Define Future Value (FV)Future value (FV) refers to the value of an investment or deposit at…
Q: Thurman Industries expects to incur overhead costs of $18,000 per month and direct production costs…
A: Definition of Gross Profit per Unit:Gross profit per unit is the difference between the selling…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Define Direct Labor Time VarianceThe direct labor time variance measures the difference…
Q: Paramount Company uses a standard costing system that allows 2.5 pounds of direct materials for one…
A: Definition of Standard Quantity Allowed:Standard quantity allowed refers to the amount of direct…
Q: What is the amount of sales that will be necessary to earn the desired profit?
A: Summary Answer: Contribution Margin per unit = $8.00 - $4.00 = $4.00Required Sales (units)…
Q: At the beginning of the year, Quantum Industries' liabilities equal $92,000. During the year, assets…
A: To calculate the beginning and ending amounts of equity for Quantum Industries, we use the basic…
Q: Question 5: Acid-Test RatioA company has the following data: Cash: $50,000Accounts Receivable:…
A: Given Data:Cash: $50,000Accounts Receivable: $30,000Inventory: $60,000Current Liabilities: $70,000a)…
Q: General accounting question
A: Step 1: Definition of Capital Gains YieldThe capital gains yield is the percentage increase in the…
Q: I need solution with step by step correct approach.....??????
A: The manufacturing overhead rate is calculated using the estimated overhead costs and the estimated…
Q: Given solution for General accounting question not use ai
A: Step 1: Define Retained EarningsRetained earnings represent the portion of net income that a company…
Q: Financial Accounting Question
A: Step 1: Define Gross MarginGross margin represents the difference between sales and the cost of…
Q: I need guidance with this general accounting problem using the right accounting principles.
A: Step 1: Define Absorption Cost per UnitAbsorption costing includes all variable and fixed…
Q: None
A: Step 1: Definition of Annual Depreciation Expense (Straight-Line Method)Annual depreciation expense…
Q: Add more info to this discussion and explain
A: Apple Inc. - 2022 Financial Analysis (Annual Report) Total Current Liabilities (as of September 29,…
Q: Solve: A company has the following information: Beginning Inventory: $50,000Purchases:…
A: To calculate the Cost of Goods Sold (COGS) using the periodic inventory system, we use the…
Q: If the liabilities of Redwood Enterprises increased $75,000 during a period of time and the owner's…
A: Using the accounting equation:Assets = Liabilities + Owner's EquityIf liabilities increased by…
Q: I need help with this financial accounting problem using accurate calculation methods.
A: Step 1: Definition of Variable CostingVariable costing is a method in which only variable…
Q: Question 4: Depreciation (Straight-Line Method)A company purchases machinery for $50,000. The…
A: Given Data:Cost of machinery = $50,000Salvage value = $5,000Useful life = 10 yearsa) Annual…
Q: Compute the net income
A: Step 1: Definitions Concept of Owner's Capital:Owner's capital refers to the owner's claim on the…
Q: Financial accounting
A: Step 1: Definition of Return on Investment (ROI)Return on Investment (ROI) is a financial…
Q: i will give unhelpful.blurr image please comment i will write values. please dont Solve with…
A: Q 1 . To calculate the Cost of Goods Sold (COGS), we use the following formula: COGS =…
Q: Can you help me find the accurate solution to this financial accounting problem using valid…
A: Dividend Yield Return:Dividend per share = $1.50Original price = $35.45Dividend yield = (1.50 /…
Q: Accounting answer please
A: 0Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: At Airlux Corp., the standard quantity of labor is 20hours per air conditioning unit. The standard…
A: Labor Rate Variance (LRV):Actual Rate = Total Labor Cost ÷ Actual Hours= $53,650 ÷ 1,850 = $29 per…
Q: Melford Industries sells a product to a wholesaler for $52. The wholesaler applies a 30% markup…
A: Problem Breakdown:Initial price to the wholesaler (from Melford Industries) = $52Wholesaler markup =…
Q: I am searching for the accurate solution to this general accounting problem with the right approach.
A: Provided Data:Melford sells to the wholesaler for $52Wholesaler applies a 30% markup based on…
Can you help me solve this general accounting problem with the correct methodology?
Step by step
Solved in 2 steps
- What is the prime cost per unit on these general accounting question?The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?Ho Cabinet Company has developed the following overhead cost formulas: Overhead Cost Cost Formula Depreciation $600 Lubrication $150 plus $0.70 per machine hour Utilities $0.50 per machine hour Based on these cost formulas, the total overhead cost expected for Ho Cabinet Company if 1,200 machine hours are worked is:Ragemark Company produces 15,000 units of a component used in freezer. An outside supplier has offered to supply the part for $1.42. The unit cost is: Direct material $0.55 Direct labour 0.2 Variable overhead 0.1 Fixed overhead 2.45 Total unit cost $3.30 Required: 1. What are the alternatives for Ragemark Company? 2. Assume that none of the fixed cost is avoidable. List the relevant cost(s) of internal production and of external purchase. 3. Which alternative is more cost effective and by how much?