Matilda has decided to allocate $12,000 of indirect costs to her cafe and bar operations based on square footage used. The cafe occupies 2,200 square feet and the bar occupies 580 square feet. How much of the $12,000 of indirect costs will be allocated to the cafe?
Q: ??
A: Explanation of Goodwill:Goodwill is an intangible asset that arises when a company acquires another…
Q: Groupwork (Compute FIFO, LIFO, Average-Cost—Periodic and Perpetual) Ehlo Company is a multiproduct…
A: We are given the following;Beginning Inventory (1/1): 1,200 units at $3.00 = $3,600Purchase (2/4):…
Q: EOQ? CALCULATE
A: where:- \( D \) = Annual demand in units (1,200 units)- \( S \) = Ordering cost per order ($100)- \(…
Q: Treasury stock is? a) New stock issued by the company b) Stock of other companies owned c) Company's…
A: The question pertains to treasury stock Be definition, treasury stock refers to previously…
Q: I need do fast typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with…
A: Step 1:The Phillips Curve represents the inverse relationship between inflation and unemployment,…
Q: Don't use AI.
A: Additional notes for the presentation / discussion:Here's an example:If estimated overhead is…
Q: bh
A: For ARR calculation, we need:1. Average annual net income2. Average investment Step 1: Calculate…
Q: Question: Financial accounting
A: Step 1: Formula Earnings per share = Net income/Outstanding shares Step 2: Net income Earnings per…
Q: Question
A: Explanation of Direct Materials: Direct materials are the raw materials that can be directly traced…
Q: At the end of the prior year, Durney's Outdoor Outfitters reported the following information.…
A: 1-a.Accounts Receivable (Gross)DebitCreditBeginning balance48,091 Sales on…
Q: Want answer
A: Explanation of Manufacturing Overhead (MOH): Manufacturing overhead refers to all indirect costs…
Q: Do fast and step by step calculation for this accounting question
A: Step 1:- Introduction to the GainGain is expressed as a sort of profit that is realized but cannot…
Q: Problem: Accounting
A: Explanation of Debt-to-Equity Ratio: The debt-to-equity ratio is a financial metric that compares a…
Q: The cash account for Pala Medical Center at June 30, 20Y1, indicated a balance of $166,436. The bank…
A: Step 1: Book reconciling items Increase in cash: Notes and interest collected are not yet added in…
Q: Need experts solution only, Don't use AI.
A: Step 1: Year 2020: Beginning balance: R384,000.10 Interest for 2020: R384,000.10×0.169911=R65,859.02…
Q: choose correct option
A: Financial accounting is specifically designed to provide standardized financial information to…
Q: Ans
A: Explanation of Cash: Cash is a current asset that represents the most liquid form of funds available…
Q: Need help with this accounting question
A: Step 1: Define Cost BehaviorIn cost accounting, there are different methods that can be used to…
Q: Give answer the accounting question
A: Step 1:- Introduction to the P/E RatioThe P/E ratio is one of the most important ratios used for…
Q: Explain
A: Explanation of Guides Preparation of Financial Statements: The conceptual framework provides a clear…
Q: Answer
A: DefinitionA situation where the creditor, for economic or legal reasons related to the debtor's…
Q: Is not $15000.
A: Calculation of Mason's Qualified Business Income DeductionSince Mason is a 50% shareholder, his…
Q: Financial accounting
A: Explanation of Forward Contract: A forward contract is a customized agreement between two parties to…
Q: please provide solution of this Question
A: Step 1 : Define High-Low Method in Calculating the Variable and Fixed ComponentsOne of the many…
Q: Need all answer
A: Explanation of Stock-Based Compensation:Stock-based compensation refers to a form of payment to…
Q: How much in Common Stock?
A: Let us use the basic accounting equation, Assets = Liabilities + Equity.Assets = Liabilities +…
Q: Can you please answer the accounting question?
A: Step 1: Define Split-off PointIn process costing, the split-off point is where the joint costs are…
Q: 2
A: Summary of Answersa. Interest expense to be reported in the 20X4 consolidated income statement:…
Q: Concept?
A: Step 1: The Going Concern principle is an accounting concept that assumes a business will remain in…
Q: Business Valuation Strategies vary by industry and are constantly changing. Use an article to…
A: Business valuation strategies serve as essential tools not only for determining a company's worth…
Q: Don't use AI.
A: Explanation for 1: The formula to calculate contribution margin per unit is = Sales price per unit -…
Q: Rainbow Toys orders inventory that costs $50 per unit. The annual holding cost is 20% of unit cost,…
A: Approach to solving the question:Step 1: Define the IssueThe work entails determining the Economic…
Q: Solve these financial accounting question do fast and step by step calculation
A: Step 1: Define Section 179It is a section of internal revenue code of US which specifies the…
Q: Answer with Explanation
A: Explanation of Matching Principle: The Matching Principle is an accounting concept that ensures…
Q: Need answer this accounting question Don't use ai
A: Step 1: Define Manufacturing CostsThe manufacturing cost is the same as product or production costs.…
Q: Provide correct answer
A: Step 1: Define Overhead CostManufacturing overheads expenses are part of the cost of goods. Although…
Q: None
A: Detailed explanation: Understanding Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credit…
Q: Need help with this general accounting
A: Step 1:- Introduction to the Cost of Good SoldThe cost of goods sold can be defined as the cost of…
Q: Financial Accounting Question: give me answer
A: Explanation of Return on Investment (ROI):Return on Investment (ROI) is a financial metric that…
Q: Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation !General Journal V…
A: Step 1: Book reconciling items Increase in cash: Notes and interest collected are not yet added in…
Q: Please provide correct answer these accounting question
A: Step 1: Define Price-to-sales ratioAlso known as the P/S ratio indicates the market price per share…
Q: calculate GMROI subject is account
A: Step 1: Define Gross Margin Return on Investment Gross Margin Return on Investment (GMROI) is a…
Q: Can you please solve this accounting question?
A: Step 1: Define OverheadOverhead is a manufacturing cost that are incurred not directly attributable…
Q: hr.1
A: Step 1: Identify the Annual Gift Tax Exclusion The annual gift tax exclusion for 2024 is $17,000 per…
Q: COrrect calculation please
A: o analyze the tax consequences of Bonnie's ownership and sale of the bonds, we'll calculate her…
Q: Purchases, $100,000; beginning inventory, $20,000; and ending inventory, $30,000. How much was the…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: Helppp
A: Accounting Treatment for Defined Benefit Plans1. Recognition of Pension Obligation:Defined benefit…
Q: Not use ai please don't on this accounting question
A: 1. Standard Quantity of Plastic:Standard per helmet: 0.65 kgNumber of helmets: 3,500Total Standard…
Q: Need answer the accounting question
A: Total Debt ratio = Debt/ Total Assets.40 = $400,000/Total AssetsTotal Assets = 400,000/.40 =…
Q: Cost Estimation, Interpretation, and Analysis Kendrick Anderson Furniture Maker, LLC creates custom…
A: Part (a)Using the high-low method to develop a cost-estimating equation for total manufacturing…
Financial Accounting


Step by step
Solved in 2 steps

- Tate Inc. and Booth Inc. are two small manufacturing companies that are considering leasing a cutting machine together. If Tate rents the machine on its own, it will cost $26,000. If Booth rents the machine alone, it will cost $14,000. If they rent the machine together, the cost will decrease to $36,000. Q. Calculate Tate’s and Booth’s respective share of fees using the Shapley value methodJenny's Cupcake Shop and Carrie's Cakes each operate a bakery close to each other in a small town in Florida. If Jenny rents ovens on her own, it will cost $36,000. If Carrie rents ovens on her own, it will cost $52,000. If they consolidate baking operations and share ovens, the total cost will be $66,000. Read the requirements. Requirements 1. Calculate Jenny's and Carrie's respective cost of the shared ovens under the stand-alone cost-allocation method. 2. Calculate Jenny's and Carrie's respective cost of the shared ovens using the incremental cost-allocation method assuming (a) Jenny is the primary party and (b) Carrie is the primary party. 3. Calculate Jenny's and Carrie's respective cost of the shared ovens using the Shapley value method. 4. Which method would you recommend Jenny and Carrie use to share the cost of the ovens? Why? - Xhelp this question answer accounting.
- Bodine Corp. has a contract to deliver cleaning products to the community center. The contract with the aquatic center states that the first 500 gallons of cleaner will cost $16 per gallon. However, the cost will drop to $12 per gallon for all purchases over 500 gallons. Based on its experience, Bodine Corp. estimates that the center will use 800 gallons of chemicals. What transaction price per gallon should Chlorine use for this contract?Ponderosa Development Corporation (PDC) is a small real estate developer that builds only one style cottage. The selling price of the cottage is $115,000. The cost per cottage includes land for $55,000 and lumber, supplies, and other materials run another for $28,000. Total labor costs are approximately $20,000 per cottage. The one salesperson of PDC is paid a commission of $2,000 on the sale of each cottage. Ponderosa leases office space for $2,000 per month. The cost of supplies, utilities, and leased equipment runs another $3,000 per month. PDC has seven permanent office employees whose monthly salaries are $35,000. a- Calculate the breakeven quantity for the company b- Develop a one-way data table to examine the effect of the change in the land price from 50000 to 60000 with increments of 1000 on the breakeven point c- Develop a two-way table to examine the change in the monthly salaries and selling price on the breakeven quantity. Use values from 100,000 to 120,000 with increments…Fusion Metals Company is considering the elimination of its Packaging Department. Management has received an offer from an outside firm to supply all Fusion’s packaging needs. To help her in making the decision, Fusion’s president has asked the controller for an analysis of the cost of running Fusion’s Packaging Department. Included in that analysis is $9,100 of rent, which represents the Packaging Department’s allocation of the rent on Fusion’s factory building. If the Packaging Department is eliminated,the space it used will be converted to storage space. Currently Fusion rents storage space in a nearby warehouse for $11,000 per year. The warehouse rental would no longer be necessary if the Packaging Department were eliminated. Required:1. Discuss each of the figures given in the exercise with regard to its relevance in the departmentclosing decision.2. What type of cost is the $11,000 warehouse rental, from the viewpoint of the costs of the Packaging Department?
- A single-family home was developed five years ago in Neighborhood X and the owner would like to estimate the value of the property. Due to the lack of comparables in the local market, the owner relies on the cost approach for valuation. Based on the information below, what is the estimated value of the property based on the cost approach? (choose the closest answer) • The living area costs $300,000 to replace as new (material cost and labor cost) . Cost of garage and patio adds up to $50,000 • Physical depreciation is 10 percent of the replacement cost • There is no functional or external obsolescence . The land value is $200,000 and site improvement is worth 50,000 350,000 540,000 565,000 600,000 kTo pay for his academic fees, Tarek, a college student, is selling a computer accessory to other students. His cost to purchase each piece is $70, and he is planning to sell the accessories for $104each. Fixed costs for advertising amount to $350. (a) Compute the contribution margin. (b) Compute the contribution rate. (c) Compute the break-even point in units. (d) Compute the break-even point in sales dollars.Hagar Industrial Systems Company (HISC) is trying to decide between two different conveyor belt systems. System A costs $315,000, has a 4-year life, and requires $113,000 in pretax annual operating costs. System B costs $395,000, has a 6-year life, and requires $107,000 in pretax annual operating costs. Both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. Suppose the company always needs a conveyor belt system; when one wears out, it must be replaced. Assume the tax rate is 25 percent and the discount rate is 9 percent. Calculate the EAC for both conveyor belt systems. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
- Letang Industrial Systems Company (LISC) is trying to decide between two different conveyor belt systems. System A costs $295,000, has a four-year life, and requires $97,000 in pretax annual operating costs. System B costs $375,000, has a six-year life, and requires $91,000 in pretax annual operating costs. Both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. Whichever project is chosen, it will not be replaced when it wears out. The tax rate is 21 percent and the discount rate is 9 percent. Calculate the NPV for both conveyor belt systems. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Which conveyor belt system should the firm choose? System A System BHagar Industrial Systems Company (HISC) is trying to decide between two different conveyor belt systems. System A costs $325,000, has a 4-year life, and requires $121,000 in pretax annual operating costs. System B costs $405,000, has a 6-year life, and requires $115,000 in pretax annual operating costs. Both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. Whichever project is chosen, it will not be replaced when it wears out. The tax rate is 22 percent and the discount rate is 11 percent. Calculate the NPV for both conveyor belt systems. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)Hagar Industrial Systems Company (HISC) is trying to decide between two different conveyor belt systems. System A costs $325,000, has a 4-year life, and requires $121,000 in pretax annual operating costs. System B costs $405,000, has a 6-year life, and requires $115,000 in pretax annual operating costs. Both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. Suppose the company always needs a conveyor belt system; when one wears out, it must be replaced. Assume the tax rate is 22 percent and the discount rate is 11 percent. Down Under Boomerang, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.29 million. The fixed asset falls into the 3-year MACRS class (MACRS schedule). The project is estimated to generate $1,810,000 in annual sales, with costs of $700,000. The project requires an initial investment in net working capital of $450,000, and the fixed asset will have a market…