Problem 7: Activity Based Costing projects Tristan Corp has two projects. but is uncertain whether they will be profitable. The following are data The company has enough capacity for both available for the two projects; Contact Price Contract Quantity Material cost per unit Molding time per batch Batch size Annual Budgeted overhead as follows: Activity Molding Problem 8 Van Project 1 162,000 Batches Contracts 6,000 15 30 hours 600 units Cost Driver Molding hours Inspection Production Management Required; Calculate the activity costs and profits for each contract Project 2 600,000 12,000 20 45 hours 300 units Cost Driver Volume per year 12,000 900 120 Cost Pool 900,000 450,000 750,000

Q: Directions: Provide an analysis for each transaction below then make a journal entry afterward.…

A: Rules of debit and credit are meant for guiding which accounts are to be credited and which are to…

Q: I want answer in word document

A: Calculation used to evaluate the investment and financing decisions that involve cash flows…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: what are the sundries account? explain

A: Sundries account is a general ledger account used to record miscellaneous transactions. Following is…

Q: Required: 1. Prepare an income statement and statement of retained earnings for the year ended…

A: 1. Income statement Revenue earned $170,000 Less: Expenses   Income tax expense -6000…

Q: o the problem please i need a red

A: Molding FabricationMachine Hours 2,500.00 1,500.00Fixed Manufacturing Overhead cost  $    13,000.00…

Q: May I ask what the words say for parts a, b, and g?

A: In equation method entry total asset side should be equal to total of liabilities and equity side.

Q: can you do it again,please, it is not correct

A: Initial investment = 12,000Nominal rate of interest for first 5 years = 3.7% compounded…

Q: Could you please answer in print? I can't understand the writing very well. Thank you

A: Financial statements are defined as reports that show the progress made by the company in a…

Q: please display your formula used in your work

A: Monthly payment refers to the payment amount for the loan grounded on the constant payments as well…

Q: The following errors were found in the books of Rosco Consulting during the month: 1. Consultancy…

A: Rectification entries are those that correct the errors made in the recorded entries, without…

Q: I cannot use excel. please caculate manually

A: Given: Initial salary is $42,200 Salary rise after first year to $45,400 Inflation average is 3%

Q: The answers in step 2 are not clearly displayed.   please advise

A: Time Weighted Return: It represents a method of computing compounded rate of growth of an…

Q: Communication is the process of Select one: a. writing messages. b. transferring information ahd…

A: The communication is an important role of accounting so as to communicate the final reports of the…

Q: The scope of coverage under Section I is greatest with an [HO-1|HO-5] policy. Question 98…

A: Insurance coverage is provided based on the types of policy chosen by the policyholder. Some policy…

Q: what is meant by log or how to do it.

A: Firstly log is a mathematical operation that determines the power to which a given number (the base)…

Q: What exactly are reversing entries, and why do we need them?

A: Journal entry is the entry which is made at the date on which the transaction which relates to the…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: please help me with part E.

A: A question with multiple sub parts were asked by you earlier. One of the sub parts were not…

Q: Please give me an example of the relationship between two entities? Please don't use the student and…

A: The objective of this question is to provide an example of a relationship between two entities in a…

Q: Can you please enter the information clearly without so many spaces? The information is hard to…

A: The ratio of inventory turnover measures how effectively the business uses its inventory through…

Q: Define Inventories.

A: Introduction: Balance sheet: All Assets and liabilities are shown in balance sheet. It tells the net…

Q: kindly post the solution to the question thanks

A: Total cost of the product comprises of material cost, direct labor cost, variable as well as fixed…

Q: Instructions The revenues and expenses of Adventure Travel Service for the year ended April 30,…

A: We have the following information: Additional Information: Additional Investment = $60,000…

Q: it is still incorrect, please find correct answer

A: Accounts receivable is amount that is yet to be recovered from the customers to whom goods or…

Q: (1) Is COSO relevant for internal control?

A: COSO: The COSO (Committee of Sponsoring Organization) Framework is a structure for planning,…

Q: What are reversing entries, and how do they work?

A: The journal entries recorded would be general entries, adjusting entries and reversing entries.…

Q: The attached image is the problem. Thank you!

A:

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.