Midterm 1 - What is the deal?" is a company in West Windsor, NJ operated by Pam Smith. The company has two activities. Here are the facts: A. Subscriptions: The company provides maintenance of the equipment including back-ups and charges $50 weekly. B. Technical repairs: These repair services are priced $100 per hour plus materials. The materials are charged 20% over the purchase price and the employees are paid $30 per hour. The overhead for 2024 was estimated to be $20,000, and the estimated hours of labor 2,000. The company allocates the costs based on the number of hours of labor. Durante the first week of January they sold 10 subscriptions and received four computers to be repaired. The maintenance required 1 hour each. The information about orders is attached: Materials Labor cost Order 01 $120 $60 Order 02 $200 $120 Order 03 $100 $60 1. Determine the total cost of serving each client. 2. Calculate the profitability of each order and the profitability of the subscriptions. Order 04 $50 $30

Midterm 1 - What is the deal?" is a company in West Windsor, NJ operated by Pam Smith. The company has two activities. Here are the facts: A. Subscriptions: The company provides maintenance of the equipment including back-ups and charges $50 weekly. B. Technical repairs: These repair services are priced $100 per hour plus materials. The materials are charged 20% over the purchase price and the employees are paid $30 per hour. The overhead for 2024 was estimated to be $20,000, and the estimated hours of labor 2,000. The company allocates the costs based on the number of hours of labor. Durante the first week of January they sold 10 subscriptions and received four computers to be repaired. The maintenance required 1 hour each. The information about orders is attached: Materials Labor cost Order 01 $120 $60 Order 02 $200 $120 Order 03 $100 $60 1. Determine the total cost of serving each client. 2. Calculate the profitability of each order and the profitability of the subscriptions. Order 04 $50 $30

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

Please help by answer all of the questions Thank you
Give me answer within an hour I will give you positive rating immediately ...
WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $82,000 annually and one salaried estimator who is paid $46,000 annually. The corporate office has two office administrative assistants who are paid salaries of $50,000 and $37,000 annually. The president's salary is $153,000. How much of these salaries are common fixed expenses?
Please solve the sub parts A,B,and C. Please no reject im needed in 120 minutes thank u
Kindly answer what is asked in letter D.
CAR-93482 company purchases battery powered bikes from a manufacturer for $1,497 per unit and then sells them to its customers- for $2,300 each. The company's monthly selling and administrative costs are the following: Costs Cost Formula Selling: Advertising Sales salaries and commissions Delivery of bikes to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment $ 951 per month $ 4,792 per month, plus 5% of sales $ 60 per unit sold $ 667 per month $ 4,994 per month $ 13,496 per month $ 692 per month $ 2,455 per month, plus $38 per unit sold $ 926 per month Last month CAR-93482 sold 63 units. How much was the company's total contribution margin for the month? O$ 50,589 O$ 37,170 O$ 107,730 O$ 94,311
WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $58,000 annually and one salaried estimator who is paid $52,000 annually. The corporate office has two office administrative assistants who are paid salaries of $38,000 and $31,000 annually. The president's salary is $127,000. How much of these salaries are common fixed expenses? $196,000 $306,000 $110,000 $127,000
K | Jamie, the owner of 'Jamie's Port a Potty' leases 10 used portable bathrooms from Royal Restrooms. The company sets up and services portable bathrooms for long term construction projects. The following costs were recorded for last month for Jamie: $1,500 rent costs $200 emergency waste calls (2 calls last month) to construction sites $4,000 salaries for management $500 insurance $300 supplies (toilet paper, etc.,) $2,000 employee hourly wages What were Jamie's variable costs last month? O A. $2,500 B. $6,300 C. $6,000 O D. $3,000 O E. $5,500 06 پر
Need both a & b completed please
Edwara Ltd comprises of three production departments and two service departments. The following information is provided for Edward Ltd for 2019. £ Supervisor's salaries Machining Factory Rent Heat and light General Repairs Machine Depreciation Machine insurance Business Rates 300,000 Assembly 200,000 Finishing 250,000 Canteen 120,000 Maintenance 150,000 £ 300,000 200,000 60,000 80,000 90,000 75,000 Floor space occupied (m2) 400 Value of machinery (£'000) 300 Service carried out by: Canteen Machining Assembly Finishing Canteen Maintenance The service departments work for the other departments as follows: 200 400 30% 25% 200 200 30% 50% 150 50 Machining Assembly Finishing Canteen Maintenance 40% 25% Maintenance 50 50 Required: a. Using Edward's Ltd overhead analysis sheet for 2019, determine the overhead allocated and apportioned to each of the five departments. b. Calculate the total overheads included in the production departments after the reapportionment of the service department…
Q5: Clone Computers assembles and packages personal computer systems from brand-name components. Its Home Office PC System is assembled from components costing $1400 per system and sells for $2000. Labour costs for assembly are $100 per system. This product line's share of overhead costs is $10,000 per month. a) How many Home Office Systems must be sold each month to break even on this product line? ________ b) What will be the profit or loss for a month in which 13 Home Office Systems are sold? _________