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- Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ 6,800 $ 3,000 Materials costs Conversion costs A total of 8,100 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 50% 20% Cost $ 160,000 $ 121,700 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:Dete for Utuyox735, a large merchandiser, is below Sales are budgeted at $307,000 for November, $327,000 for December, and $227,000 for January . Collections are expected to be 60% in the month of sale and 40% in the month following the sale The cost of goods sold is 75% of sales . Utuyoz735 desires to have an ending merchandise Inventory at the end of each month equal to 90% of the next month's cost of goods soid. Payment for merchandise is made in the month flowing the purchase Other monthly expenses to be paid in cash are $22,800. Monthly depreciation is $29,500 . Ignore taxes. . (D#38127) Annet Cash Balance Sheet October 31 Accounts receivable. Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity Q) What are the accounts payable for Utuyoz735 at the end of December? Multiple Choice F 35,000 85,500…Flowers for All Occasions (FLO) produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Standard 8.0 Actual 8.2 Average number of roses per arrangement Price per rose Cost of roses per arrangement Flow planned to make 350 arrangements but actually made 420. What is the total materials variance based on the flexible budget? 0.35 2.80 0.30 2.46
- QUESTION 9 Fill in the blanks below:Using the following information, what is the cost to lease a car? (Assume there are no charges for damage at the end of the lease) Security deposit Monthly lease payment Opportunity cost of security deposit End-of-lease charges $140 $140 per month for a five-year lease $140x loan period (in years) * 3% interest $340Subject: accounting
- D Question 32 Given an ROE of 17.8%, EM of 2.6, Sales of $1.8M, TAT of 2.1, find Net Income. O $75,282 O $58,680 O $67,390 O $88,020 2.5rrErie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales. Comparative Balance Sheets Assets Cash Accounts receivable Prepaid insurance Inventory Property, plant & equipment Total Assets Liabilities and Stockholder's Equity Accounts payable Salaries payable Long-term notes payable Common stock Retained earnings Total Liabilities and Stockholders' Equity Income Statement Revenue Cost of goods sold Gross margin Operating expenses Net income $ What was the cash received from customers during the year? $ 290,000 (162,000) 128,000 (82,000) 46,000 Beginning of Year $ 90,000 34,000 34,000 10,000 42,000 $ 210,000 $ 50,000 18,000 26,000 22,000 94,000 $ 210,000 End of Year $ 50,000 18,000 42,000 26,000 50,000 $ 186,000 $ 34,000 42,000 34,000 22,000 54,000 $ 186,000
- Multiple Choice $26.75 $12.80 $30.05 $24.50Assume a merchandising company provides the following information from its master budget for the month of May: Sales $ 121,000 $ 97,000 Cost of goods sold Selling and administrative expenses $ 31,000 Accounts receivable, May 1st $ 17,000 Accounts receivable, May 31st $ 24,500 If all of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May?[sixth question]