Problem 14-5A (Static) Raw materials inventory turnover LO A1A manufacturing company reports the following information.Current Year$ 169,5002,160,000Raw materials inventory, endingRaw materials used.Required:1. Compute raw materials inventory turnover for the most recent two years.2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable?3. Compute days' sales in raw materials inventory for the current year.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 31 Year Ago$ 190,5002,522,000Compute raw materials inventory turnover for the most recent two years.Raw materials inventory turnoverCurrent yearRequired 12 Years Ago$ 197,5002,765,0001 Year AgoRequired 2 >

Inventory turnover ratio measures how efficiently the firm uses its inventory. It is calculated by…

Answered: Problem 14-5A (Static) Raw materials…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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hts 04:50:50 Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 81 500 1,500 1,600 400 $ 19 $ 16 $ 1 $ 11 $22,500 $ 3,200 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the…
Question 5 In 2019, SixthZ had 75 treehouses in its ending inventory. Variable product costs per treehouse were $450, and fixed manufacturing overhead costs were applied at $75 per treehouse (which was the same as last year). The company's net operating income was $1.250 higher under absorption costing than it was under variable costing. What was the number of units of product in beginning inventory? 72 treehouses O92 treehouses O 58 treehouses 00 treehouses
Question Content Area A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,100 units): Direct materials $181,600 Direct labor 228,800 Variable factory overhead 257,800 Fixed factory overhead 94,500 $762,700 Operating expenses: Variable operating expenses $123,200 Fixed operating expenses 43,800 167,000 If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is
Question 15 MCQs 15-18: Answer MCQs 15 to 18 based on the information in Problem 3 given below: Problem 3 (CLO5, PLO5, ZULOI): Davis provides the following information for the month of March 2011: March 1 Beginning Inventory March 7 Purchases March 18 Purchases March 24 Purchases 200 units 300 units 400 units 100 units Unsold units at month-end amounted to 180. 15. The total cost of goods available for sale is $13,560 $16,900 O $15,340 $13,858 $15 per unit $16 per unit $18 per unit $19 per unit
Question 44 of 50 View Policies Current Attempt in Progress Bramble Corp. has the following data related to an item of inventory: Inventory, March 1 440 units @ $1.80 Purchase, March 7 1390 units @$1.90 Purchase, March 16 340 units @ $1.95 Inventory, March 31 500 units The value assigned to cost of goods sold if Bramble uses FIFO is O $3129. $906. O $3190. O $965. Save for Later
View Policies Current Attempt in Progress The following data were taken from the records of Shamrock Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 Direct Labor Indirect Labor $50,400 39,900 99,600 20,600 27,300 20,100 148,350 25,660 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $28,000 5,500 18,100 30,100 8,650 562,100 5,300 64,900 9.610 2,200 98,700 38,200
Question Content Area Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the past year indicated a net profit for Product J of $2,750. This net profit resulted from sales of $275,000, cost of goods sold of $186,500, and operating expenses of $85,750. It is estimated that 30% of the cost of goods sold represents fixed factory overhead costs and that 40% of the operating expense is fixed. If Product J is retained, the revenue, costs, and expenses are not expected to change significantly from those of the current year. Because of the large number of products manufactured, the total fixed costs and expenses are not expected to decline significantly if Product J is discontinued. Question Content Area Prepare a differential analysis report dated February 8 of the current year. If an amount is zero, enter "0". If required, use a minus sign to indicate a loss. Differential AnalysisContinue (Alternative 1) or…
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tab es lock esc QUESTION 8 Deja Brew Company reported the following for the most recently completed fiscal year: Raw Materials Purchased Direct Labor Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Calculate cost of goods sold for the year. ! Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1 Q A @ 2 W S # M $63,500 58,200 31,600 31,500 3 E Manufacturing Overhead Cost of Goods Manufactured $ 4 R % 07 dº 5 MacBook Pro D F $109,600 180,800 95,900 391,200 T 6 G 7 Y * 00 O H 8 U
QUESTION 2 Answer the questions from the information provided. 2.1 Use the information provided below to calculate the number of units of Product Tex that must be produced for July and August. INFORMATION 2.2 2.3 The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for August and 36 000 units for September. The policy of management is to maintain an ending finished goods inventory each month equal to 20% of the current month's budgeted sales and 30% of the following month's budgeted sales. Study the information provided below and calculate the expected value of closing inventory as at 31 December 2022, if the FIFO method of inventory valuation is used. INFORMATION The following information was supplied by Sunbeam Manufacturers for 2022 in respect of its finished goods: Inventory on 01 January Cost of production of finished goods manufactured Cost of goods sold Sales value of the goods sold Use the information provided below to…
Exercises 6-11A Inventory Turnover and Days’ Sales in Inventory The Southern Company installed a new inventory management system at the beginning of 2015. Shown below are data from the company’s accounting records as reported out by the new system: Sales Revenue $8, 000, 000 $11, 000, 000 Cost of Goods Sold 4, 000, 000 4, 800, 000 Beginning Inventory 510, 000 530, 000 Ending Inventory 530, 000 600, 000 Calculate the company’s (a) inventory turnover and (b) days’ sales in inventory for 2015 and 2016.

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