One of Arlow Inc.'s activity cost pools is machine setup, with an estimated overhead (OH) of $180,000. It sets up machines for plastic chairs (960 setups) and metal chairs (1,440 setups). How much $$ overhead should be assigned to plastic chairs setups? A) $65,000 B) $75,000 C) $86,400 D) $72,000
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: I need help with this financial accounting question using the proper accounting approach.
A: Step 1: DefinitionDiscounted Payback Period The discounted payback period is the time it takes for a…
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: On January 1, Nets Company paid $65,000 for a new delivery truck. It was estimated that the truck…
A: Explanation of Depreciation: Depreciation is the systematic allocation of a tangible asset's cost…
Q: Braylon Manufacturing has beginning work in process inventory of $125,000 and total manufacturing…
A: Concept of Work in Process (WIP) Inventory:Work in Process inventory refers to the cost of partially…
Q: Please explain the solution to this general accounting problem with accurate explanations.
A: a. Consolidated Fixed Assets under the Acquisition MethodConsolidated Fixed Assets = Heart's Book…
Q: Custom Pools currently sells 420 Economy pools, 580 Standard pools, and 190 Premium pools each year.…
A: Calculate lost units (erosion in sales)Economy:Before = 420 unitsAfter = 290 unitsDecline = 420 -…
Q: Determine the net profit under variable costing
A: Explanation of Absorption Costing: Absorption costing is a method where all manufacturing costs—both…
Q: Financial Accounting
A: Step 1: Definition of Cash Collected from CustomersCash collected from customers is the total amount…
Q: Hii, Tutor Give answer to this Problem
A: Definition of Acquisition Method:The acquisition method is a consolidation approach used when one…
Q: I need assistance with this financial accounting question using appropriate principles.
A: Concept of Section 351 TransferSection 351 of the Internal Revenue Code allows a taxpayer to defer…
Q: Solve with explanation and accounting question
A: Step 1: Introduction to cost of a productThe cost of a product refers to the total amount of…
Q: General accounting
A: Step 1: Definition of Bond Interest ExpenseBond Interest Expense refers to the cost incurred by the…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Define Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a financial metric…
Q: Brilliant Professor Martin Company has an activity cost pool for inspecting, with an estimated…
A: Explanation of Activity Cost Pool: An activity cost pool is a grouping of all costs associated with…
Q: 2 points
A: Explanation of Receivables Turnover:Receivables turnover is a financial efficiency ratio that…
Q: On October 1, 2024, Redmayne Corp. reported Retained Earnings of $567,000. During the month,…
A: Explanation of Retained Earnings: Retained earnings represent the cumulative net income a company…
Q: You gave me unhelpful also you answered to my question i can show many questions which you answered…
A: Step 1: Calculation of the overhead applied during the year: Overheads are applied based on a…
Q: Cascade Retailers had cash sales of $62,480, credit sales of$45,760, sales returns and allowances of…
A: Provided Data:Cash Sales = $62,480Credit Sales = $45,760Sales Returns and Allowances = $9,310Sales…
Q: I need help solving this general accounting question with the proper methodology.
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…
Q: Parker Enterprises bought a commercial property with a cash payment of 75,000 and a purchase money…
A: Explanation of Basis in Property:Basis in property refers to the original value assigned to an asset…
Q: Provide correct answer this general accounting question
A: Step 1: Define Operating Income under Variable CostingOperating income under variable costing is…
Q: Julius net income is?
A: To calculate Julius's net income, we use the following formula:Net Income = Revenue -…
Q: What was the direct labor cost variance?
A: Step 1: Definitions Concept of Direct Labor Cost Variance:Direct labor cost variance, also known as…
Q: No Ai Question:A company has the following information: Beginning Inventory: $50,000Purchases:…
A: use the formula:COGS = Beginning Inventory + Purchases - Ending InventoryGiven:Beginning Inventory =…
Q: Determine the number of completed untis manufactured during the year.
A: Concept of Units Sold:Units sold refers to the total quantity of goods that a company has delivered…
Q: On December 31, Swift Sports decided to sell one of its pitching machines. The initial cost of the…
A: Provided Data:Initial cost of equipment = $265,000Accumulated depreciation = $178,000Sale price =…
Q: I am looking for help with this general accounting question using proper accounting standards.
A: Under the acquisition method of accounting, the acquirer (Alpha Corporation) records the assets and…
Q: I need the correct answer to this financial accounting problem using the standard accounting…
A: Concept of Contribution Margin:Contribution margin is the amount by which sales revenue exceeds…
Q: You are given the following information about Zephyr Company in 2021: The Company’s fixed costs are…
A: Definition of Fixed Costs:Fixed costs are expenses that do not change with the level of production…
Q: On October 1, 2024, Redmayne Corp. reported Retained Earnings of $567,000. During the month,…
A: Explanation of Retained Earnings:Retained earnings represent the cumulative amount of net income…
Q: D E F G H RELATIVE CELL REFERENCES J K L M N A B 1234567 Growth Rate (Expected) Year 0 Year 1…
A: Given:Initial value (Year 0): $2,200Growth rates:Investment A: 12% → 1.12Investment B: 1% →…
Q: Choose correct option for this general account subject questions
A: Computing for Gross Profit Gross profit is calculated as Sales minus Cost of Goods Sold:Gross Profit…
Q: Please provide correct solution and accounting question
A: To calculate the predetermined overhead rate, use the formula:Predetermined Overhead Rate =…
Q: Please explain the correct approach for solving this financial accounting question.
A: Step 1: Definition of Labor Price VarianceLabor Price Variance (also called Labor Rate Variance)…
Q: General Accounting
A: Step 1: Define Contribution Margin Contribution margin is the difference between sales revenue and…
Q: Please provide problem with accounting question
A: To calculate Return on Equity (ROE), we use the DuPont formula:ROE = Profit Margin × Total Asset…
Q: Overhead costs were applied at a single, plantwide overhead rate of 250 percent of direct labor…
A: Concept of Direct Materials:Direct materials are the raw materials that are directly traceable to…
Q: I am looking for a step-by-step explanation of this financial accounting problem with correct…
A: Provided Data:Total assets = $185,000Sales = $260,000Profit margin = 5.8%Equity multiplier = 2.2Step…
Q: What is the firm's ROA ?
A: Here's the step‑by‑step calculation:Identify the given dataSales (S) = $28,500,000Profit margin (PM)…
Q: Provide correct answer this accounting question
A: Step 1: Define Stockholders' Equity Stockholders' equity represents the residual interest in a…
Q: General accounting
A: Step 1: Definition of High-Low MethodThe high-low method is a cost estimation technique used to…
Q: The following direct labor data pertain to the operations of Lumen Fabrication Inc. for the month of…
A: Labor Variances Calculation:Labor Rate Variance (LRV):Formula: (Actual Rate - Standard Rate) ×…
Q: Custom Pools currently sells 420 Economy pools, 580 Standard pools, and 190 Premium pools each year.…
A: New product development, like Custom Pools launching the Luxury pool, will have both negative as…
Q: Can you demonstrate the accurate steps for solving this financial accounting problem with valid…
A: Concept of Contribution Margin:Contribution margin is the amount by which the selling price of a…
Q: Can you show me the correct approach to solve this financial accounting problem using suitable…
A: Step 1: Definition of Reconciled Bank BalanceA reconciled bank balance is the correct cash balance…
Q: Can you solve this financial accounting question with the appropriate financial analysis techniques?
A: Concept of Purchase Price:The purchase price is the total amount paid by one company to acquire…
Q: I am looking for the correct answer to this general accounting question with appropriate…
A: Step 1: DefinitionReturn on Assets (ROA) is a financial ratio that indicates how efficiently a…
Q: Please explain the correct approach for solving this general accounting question.
A: The correct answer is: a. $3,571Explanation: 1: Calculate the total market value of the…
Q: Custom Pools currently sells 420 Economy pools, 580 Standard pools, and 190 Premium pools each year.…
A: To calculate the value of erosion, we need to determine how much revenue is lost from existing…
??!!
Step by step
Solved in 2 steps
- 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?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?Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
- 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?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?Stacks manufactures two different levels of hockey sticks: the Standard and the Slap Shot. The total overhead of $600,000 has traditionally been allocated by direct labor hours, with 400,000 hours for the Standard and 200.000 hours for the Slap Shot. After analyzing and assigning costs to two cost pools, it was determined that machine hours is estimated to have $450.000 of overhead, with 30,000 hours used on the Standard product and 15,000 hours used on the Slap Shot product. It was also estimated that the inspection cost pool would have $150,000 of overhead, with 25,000 hours for the Standard and 5,000 hours for the Slap Shot. What is the overhead rate per product, under traditional and under ABC costing?
- Pinter Company had the following environmental activities and product information: 1. Environmental activity costs 2. Driver data 3. Other production data Required: 1. Calculate the activity rates that will be used to assign environmental costs to products. 2. Determine the unit environmental and unit costs of each product using ABC. 3. What if the design costs increased to 360,000 and the cost of toxic waste decreased to 750,000? Assume that Solvent Y uses 6,000 out of 12,000 design hours. Also assume that waste is cut by 50 percent and that Solvent Y is responsible for 14,250 of 15,000 pounds of toxic waste. What is the new environmental cost for Solvent Y?Plata Company has identified the following overhead activities, costs, and activity drivers for the coming year: Plata produces two models of microwave ovens with the following activity demands: The companys normal activity is 21,000 machine hours. Calculate the total overhead cost that would be assigned to Model X using an activity-based costing system: a. 230,000 b. 240,000 c. 280,000 d. 190,000Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours
- Provide AnswerOne of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?One of Waterway Company's activity cost pools is machine setups with estimated overhead of $240000. Waterway produces sparklers (360 setups) and lighters (640 setups). How much of the machine setup cost pool should be assigned to sparklers? O $120000 $153600 O $86400 $240000
