Information on an entity's plan assets is as follows: Fair value of plan assets, Jan.1 360,000 Return on plan assets 80,000 Contributions to the retirement fund during the 480,000 year Benefits paid to retirees 120,000 Actuarial gain 60,000 How much is the fair value of plan assets as of year-end? O 720,000 O 800,000 O 920,000

Information on an entity's plan assets is as follows: Fair value of plan assets, Jan.1 360,000 Return on plan assets 80,000 Contributions to the retirement fund during the 480,000 year Benefits paid to retirees 120,000 Actuarial gain 60,000 How much is the fair value of plan assets as of year-end? O 720,000 O 800,000 O 920,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The plant produces 3,200t cement per day and sell it at RM 200/t. Please analyse and do deduction from the table if the shutdown was below or above budget 1 2 3 4 Description Shutdown Target No lost time injury To complete within a budget To complete within the plan shutdown duration To complete shutdown without impacting daily cement supply Target O LTI RM 7.745 Mill 18 days 3200 MT/day Actual 1 LTI* RM 7.085 Mill** 19.42 days*** 3200 MT/day
3. 2. 1. a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest cent. $ per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest cent. per unit c. Journalize the summary transactions (1)-(4) for June. If required, round your answers to one decimal place. If an amount box does not require an entry, leave it blank. 4. Sale 4. Cost eBook Show Me How Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $38. The budgeted conversion cost for the year is $151,200 for 2,800 production hours. A unit of Style Omega requires 20 minutes of cell production time. The following transactions took place during June: 1. Materials were acquired to assemble 640 Style Omega units for June. 2. Conversion costs were applied to 640 Style Omega units of production. 3. 600 units of Style Omega were completed in June. 4. 560 units of Style Omega were sold…
please dont provide answer in image format thank you Overhead costs to fabricate Fake News (FNs) include polling research and an annual retainer to a consortium of Big-Wigs. The polling research is budgeted at $75 per DLH (and each FN should take 15 DLH) while the retainer is budgeted at $100,000 per year. You had expected to fabricate 200 FNs during 2021. Actual results for 2021 were: 210 FNs fabricated $230,000 spent on polling research $105,000 spent on the Big-Wig retainer Calculate variable and fixed overhead spending variances, efficiency, and production volume variances. How much will COGS change, and in what direction, when these variances are closed out?
Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include: Salaries $9,400 Insurance 2,250 Depreciation 4,000 Accounting services 600 Required: Question Content Area 1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period. Green Earth Landscaping CompanyAdministrative Expense BudgetFor the Summer Months June July August Total Salaries $___ $___ $___ $___ Insurance ____ ____ ____ ____ Depreciation ____ ____ ____ ____ Accounting services ____ ____ ____ ____ Total administrative expense $_____ $____ $____ $____ Question Content Area 2. What if Green Earth Landscaping Company's insurance rates increased at the beginning…
Please don't answer in handwritten..thanku
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A cell-phone repair shop consists of three processes. Step 1 requires 6 minutes per unit, step 2 requires 5 minutes per unit and step 3 requires 7 minutes per unit. 30% of units that complete the third step require rework, which means those units must start the process over at step 2 (processing times are the same for units being reworked) and rework is always successful. Demand at the shop is 0.5 units per minute. Instruction: Round your answer to three decimal places. What is the capacity of the shop (in units per units per minute)? units per minute
During the next four months, a customer requires,respectively, 600, 800, 1200, and 900 units of acommodity, and no backlogging is allowed (that is,the customer’s requirements must be met on time).Production costs are $80, $100, $105, and $90 per unitduring these months. The storage cost from one month to the next is $20 per unit (assessed on ending inven-tory). It is estimated that each unit on hand at the end of month 4 can be sold for $60. Assume there is nobeginning inventory.a. Determine how to minimize the net cost incurred inmeeting the demands for the next four months.b. Use SolverTable to see what happens to the decisionvariables and the total cost when the initial inventoryvaries from 0 to 1000 in 100-unit increments. Howmuch lower would the total cost be if the companystarted with 100 units in inventory, rather than none?Would this same cost decrease occur for every100-unit increase in initial inventory?
The creative designer at your company has promised to reduce all design faults by one third over the entire shift cycle from 0800 to 0800. If this initiative is successful, what would be the total number of design faults over the same period of time?
Please don't give image format and fast answering
If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost? a) 50. b) 600. c) 1200. d) 2400. e) Can not be determined.