Happy Toys produced 10,000 units in March. Production costs were: direct materials $50,000, direct labor $30,000, and factory overhead $20,000. What the cost per unit?
Q: Ai answer will be rejected
A: Step 1:To calculate the total cost recorded on the job cost sheet for Job 915, we need to add up the…
Q: Fill in the blank
A: Explanation of Master Budget: A master budget is a comprehensive financial planning document that…
Q: Please provide answer the accounting question
A: a) Computation of the company's total asset turnover: Formula: Return on Assets (ROA) = Profit…
Q: Need information
A: Detailed explanation:Benefits of increased segment disclosures : 1. Improved Transparency By making…
Q: The year end accounts for a local government authority have been prepared, and they will soon be…
A: Explanation1. Ethical Dilemmas ExplainedFinancial Misrepresentation: This is about honesty in…
Q: Solve general accounting question do fast and correct answer
A: Step 1: Define Accounts ReceivableIn financial accounting, accounts receivable (AR) is a current…
Q: Need help with this accounting question
A: Step 1: Define Advertising expenseThe costs incurred by the organizations to promote or run…
Q: LO3 E8-6 Computing Materials Variances D-List Calendar Co. specializes in manufacturing calendars…
A: 1Total cost of purchases=Actual quantity purchased Actual purchase price Total cost of…
Q: Explain the concept of fair value accounting. When is a company required to measure its assets and…
A: Fair value accounting is an accounting approach in which companies measure and report on certain…
Q: Please give me correct answer with explanation of this accounting mcq
A: Detailed Explanation: The learning curve theory assumes that when people or organizations develop…
Q: I need detailed answer
A: When a company uses financial instruments to manage risks such as changes in interest rates or…
Q: Virginia and Richard are married taxpayers with adjusted gross income of $43,000 in 2023. If…
A: Step 1: Determine EligibilityCheck Combined AGI: Their combined adjusted gross income (AGI) is…
Q: Monty Corporation asks you to review its December 31, 2023 inventory values and prepare the…
A: Detailed explanation:1Physical Count as of December 31$ 234,4002Goods purchased from Shansi are…
Q: Condensed income statements for Prince Inc. for Year 1 and Year 2 follow. GAAP Tax Year 1 Year 2…
A: Explained above.
Q: Calculate the receivable turnover ratio for the year on these accounting question
A: Step 1: Define Accounts Receivable TurnoverAccounts receivable is a critical component of a…
Q: Hello tutor answer this financial accounting question do fast
A: Given, Rate (r) = 6% or 0.06Number of days in a year (n) = 365 daysTime (t) = 3 YearsCompounded…
Q: Provide Answer of this one please need Correct Answer general accounting
A: Step 1: Define Return on AssetReturn on asset calculates the effectiveness of a company in managing…
Q: Blue Eyed Beauty Supply is the talk of the town. When Elaine started her business, she had no idea…
A: Step 1:I'll assist you in developing an Excel model to examine the various tax ramifications of…
Q: Mason
A: Explanation of Process Costing System: A process costing system is a method of cost accounting used…
Q: Solve
A: Explanation of Raw Materials Inventory:Raw materials inventory refers to the stock of basic…
Q: What is its ROE on these financial Accounting Question? Do not use ai
A: Step 1: Define Return on EquityReturn on equity is a financial ratio that shows the ability of a…
Q: Solve these accounting question problem
A: ROE = Return On Sales (ROS) × Asset Turnover × Equity MultiplierThis formula for Return on Equity…
Q: Use table information to answer
A: Explanation of Variable Cost: Variable cost is an expense that changes in proportion to the level of…
Q: Please help, give me a detailed answer to this.
A: Let's solve this step by step to determine the amount of interest to be capitalized in 2025.1.…
Q: Financial Accounting
A: The CAPM formula will be used here. The formula is: Expected return = risk free rate + beta*(market…
Q: Need answer the accounting question not use ai
A: Step 1:Computation of the sum of the returns over four successive years: Sum of the returns = 15% +…
Q: Please help, give me a detailed answer to this.
A: Truck #1 AcquisitionTruck #1 is bought at a list price of $16,950 but paid in cash at a negotiated…
Q: Business 123 Introduction to Investments May I please have a response to the following post? Thank…
A: Your posting was a great perspective in the role that mutual funds and bonds play in an investment…
Q: Need answer the accounting question not use ai
A: Step 1: Define Variable CostingUnder variable costing, the fixed manufacturing overhead cost is…
Q: Solve this accounting question not use ai
A: Step 1: Define Inventory ManagementThe inventory for a firm is usually categorized into raw…
Q: Solve these accounting problem not use ai
A: Step 1: Define Dividend PayoutDividend payout is the ratio of dividends relative to the net income.…
Q: Need accurate answer of this financial accounting Question
A: Detailed explanation: • The payback period approach to capital budgeting chiefly focuses on the…
Q: Prblm
A: Explanation of Target Costing: Target costing is a strategic management tool used to determine the…
Q: Hello Tutor Please give me Answer please
A: Step 1:Manufacturing overheads are the total of indirect Material, Indirect Labor and Indirect…
Q: General accounting
A: Working capital = current assets -current liabilities
Q: Help
A: Approach to Solving the QuestionUnderstand the Scenario:The objective of the question is on business…
Q: answer question number 2-B THANK YOU
A: Calculating 2026 DepreciationStep 1: Determine the Asset's Book Value at the Beginning of…
Q: Financial Accounting Question please solve
A: Step 1: Define Du-Pont AnalysisDuPont analysis breaks down the return on equity into three parts…
Q: vi.1
A: STEP 1: Generate the Flexible BudgetThis budget is adjusted to the actual level of activity.…
Q: Accounting. Computer world inc. paid out $40.3 million in total
A: Step 1:- Define Net IncomeIt is easy to determine the net income using the beginning and ending…
Q: How many units were completed on these accounting question?
A: Step 1: Define Work in ProcessWork in progress refers to the partially completed goods that are…
Q: What is the debt to equity ratio for Drogon on these accounting question?
A: Step 1:Debt to equity ratio is Formula Total liabilities/ shareholders equity Total liabilities…
Q: financial accounting jet corporation
A: As per CAPM, Cost of Equity Capital = Risk free rate + Beta*(Market Rate-Risk free rate) Cost of…
Q: Accounting...valley manufacturing..
A: Step 1: Define Equivalent UnitsAn equivalent unit is calculated to determine the total amount of…
Q: Hi expart Provide correct answer for this accounting question
A: Step 1: Understand the formulaThe formula for the materials price variance is:Materials Price…
Q: Can u help me
A: Explanation of Variable Lease Payments: Variable lease payments are amounts that vary based on…
Q: General accounting compute the determined overhead rate
A: Step 1:- Define Predetermined Overhead RateAs manufacturing overhead cannot be directly traceable to…
Q: General Accounting Question Solution needed
A: Step 1: Fixed Asset Turnover Ratio:The turnover ratios such as inventory turnover ratio, fixed…
Q: If you were a manager of United Airlines, and the airlines is in need of an airplane, would you…
A: In order to maintain its cash flow while simultaneously obtaining the aircraft for long-term use,…
Q: Please assistance to give step by step guidiance with explnation. QN 3 & 4
A: Question 4: MRP and Inventory ManagementThis question focuses on Material Requirements Planning…
General Accounting 4.5
Step by step
Solved in 2 steps
- 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?Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?
- Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
- Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead. Which of the following is true? a. Prime costs are 150,000; conversion costs are 180,000. b. Prime costs are 130,000; conversion costs are 150,000. c. Prime costs are 150,000; conversion costs are 130,000. d. Prime costs are 180,000; conversion costs are 150,000.Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?
- Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?Suppose that a company has fixed costs of $18 per unit and variable costs $9 per unit when 15,000 units are produced. What are the fixed costs per unit when 12,000 units are produced?Electro Inc. produced 120,000 connector units. The variable manufacturing cost per unit was $25.50, variable overhead costs per unit were $10.00, and the total fixed costs incurred were $1,980,000. What was the average cost per unit produced?
