Solve the Problem: Assuming that you have two departments in this Rehabilitation Center, PT and OT. The cleaning crew that services the building spends 30% of their time in PT, and 70% in OT due to the square footage that each department uses. What would be the allocation be to PT if the total annual cost of housekeeping is $20,000?
Q: can you please solve it
A: Step 1: Definition of Gross ProfitGross Profit is the financial metric that represents the revenue a…
Q: nk1
A: Preferred Stock DividendStep 1: Calculate the annual preferred dividend per shareAnnual preferred…
Q: General Accounting
A: Step 1: Define Actual CostingActual costing is suitable for companies that use job-order costing.…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Variance AnalysisIn cost accounting, variance analysis is an accounting analysis that…
Q: QUESTION 10 The following balances were recorded in the books of Sofea on 1 March 2015. Motor…
A: Sale of a Motor Vehicle on 31 May 2015Cost of Motor Vehicle Sold: $16,000Accumulated Depreciation:…
Q: Solve general accounting question Don't use ai and chatgpt
A: Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio is a metric to evaluate the firm's…
Q: Billy's Exterminators
A: a. Earnings per share = Net income*/Shares of common stock outstandingEarnings per share =…
Q: Provide answer
A: When a financial guarantee contract is first recognized, it is recorded at fair value in accordance…
Q: Experts answer
A: Accounting Treatment for Intangible Assets1. Definition of Intangible AssetsIntangible assets are…
Q: Find the ending work in process inventory
A: Explanation of Work in Process (WIP) Inventory: Work in Process inventory represents the value of…
Q: find the Ending Balance Sheet year 0 and year 1 Cash Receivables Inventories Prepayments Net…
A: Let's start by calculating the ending balance sheet for Year 0. We will use the transactions…
Q: Need help with this accounting question do fast not use ai
A: Step 1: Define Absorption CostingAbsorption costing is a method that is used to accumulate the cost…
Q: Green Valley Company prepared the following trial balance at the end of its first year of operations…
A: Detailed explanation:Revenues $ 113…
Q: PART 1 (25 marks) Aubergine is a manufacturer of contemporary cases for tablets. The business uses a…
A: Detailed explanation:a. Predetermined Overhead Rate = estimated factory overheads / estimated direct…
Q: Accounting Problem-Provide Answer
A: Manufacturing overhead allocated for the year = Overhead rate per hour × Actual machine…
Q: Answer in step by step with explanation. Don't use Ai.
A: a).The translation adjustment is based on changes in the net assets of the subsidiary. Compute the…
Q: Your Answer
A: Detailed explanation: o solve this question, we need to calculate the expected X-ray cost for…
Q: How much was it's net income in 2025 on this accounting question?
A: Step 1:- Introduction to the Shareholder's EquityThe shareholder's equity in accounting reflects all…
Q: On January 1, 2025, Windsor Co. leased a building to Wildhorse Inc. The relevant information related…
A: Recording the Cost of the BuildingOn January 1, 2025, Windsor should record the acquisition of the…
Q: General Accounting
A: Step 1: Define Time Value of MoneyIn the context of Finance, the idea of time value of money is…
Q: PPE
A: Explanation of Revaluation Model: The revaluation model is an accounting method that allows…
Q: Need help of Accounting Expert
A: Variable cost per X-ray = (Cost of the highest activity level - Cost of the lowest activity level) /…
Q: What is the actual cost per yard of fabric purchased on this accounting question?
A: Step 1:- Introduction to the VarianceA variance occurs when the standard and actual costs differ…
Q: E8.21 (LO 5) (Retail Inventory Method) Presented below is information related to Ricky Hender- son…
A: To compute the inventory using the conventional retail inventory method, we can follow these…
Q: Which of the following statements regarding restricted stock is false? Multiple Choice Even if the…
A: Even if the value of restricted stock decreases from the price on the grant date, it retains some…
Q: 7 Fill in the blank: ________ is the fundamental rethinking and redesign of business processes to…
A: Correct option:b. ReengineeringReengineering is the fundamental rethinking and redesign of business…
Q: unc
A: Approach to solving the question: The following items are the costs applicable to be capitalized in…
Q: Accounting
A: Step 1: Define Price Earning RatioThe price earning ratio is an important financial ratio that is…
Q: Answer in step by step with explanation. Don't use Ai and chatgpt.
A: Step 1 :Identify the Monthly Parking Benefit Provided by the Company:The company provides LaMont…
Q: Need help
A: Step 1:- Introduction to the Overhead AllocationThe firms that prefer standard costing numbers…
Q: Nellibell's Cafe bakes
A:
Q: Choose the correct answer
A: Justification: Only when convertible preferred shares would lower diluted earnings per share…
Q: gross margin require
A: Step 1: Given DataBeginning Inventory: $200,400Purchases to date of storm: $401,900Sales to date of…
Q: Steven, the owner of a local poster shop, comes to you for help. "We've only been breaking even the…
A: The problem involves the determination of the after-tax operating income under different scenarios.…
Q: Do fast and step by step calculation for these general accounting question
A: Step 1: Define Property, Plant and EquipmentProperty, plant, and equipment is classified as a…
Q: Help
A: In pension accounting, actuarial gains and losses are: a) Recognized in other comprehensive income.…
Q: Financial Accounting Question answer step by step with explanation
A: Step 1: Define Notes PayableIt is the current liability of the organization, which are due for…
Q: General Accounting Roe
A: Explanation of Return on Equity (ROE): Return on Equity (ROE) is a measure of a company's…
Q: Solve general accounting question
A: Step 1: Define Activity Based CostingUnder activity-based costing, businesses allocate overhead…
Q: At the end of killo co.'s first year of operations,
A: Step 1: Define Absorption CostingAbsorption costing allocates fixed manufacturing overhead costs to…
Q: Need Correct solution please provide it
A: Step 1: Definition of Work-in-Process: Work-in-process inventory consists of partially completed…
Q: I am trying to get these for a year end (December 31) financial report. What is the Gain on Sale of…
A: To calculate the gain on the sale of investment and the discount on the note receivable, we'll…
Q: Revenues are normally recognized when the company transfers promised goods or services in the amount…
A: Amount of revenue earned in September: ActivityExplanationa.No revenue earned in September. The…
Q: Cost Estimation, Interpretation, and Analysis Kendrick Anderson Furniture Maker, LLC creates custom…
A: Part (a)Using the high-low method to develop a cost-estimating equation for total manufacturing…
Q: King Tire Co.’s budgeted unit sales for the year 2016 were: The budgeted selling price for truck…
A: NO. 1: SALES BUDGET: Sales Revenue= Unit sales x Selling PriceTruck Tires: Budgeted Unit sales=…
Q: finance
A: a). Absorption (Full) costing accounts for both fixed and variable manufacturing costs per unit…
Q: Carla Vista Corporation agrees on January 1, 2025, to lease equipment from Sandhill, Inc. for 3…
A: ExplanationsKey facts:Operating lease (no transfer of ownership, no bargain purchase, not…
Q: Need answer
A: The problem requires the determination of the ROE. ROE or Return on Equity is a measure of a…
Q: Need help with this accounting question please solve
A: Step 1: Define Cash FlowCash inflow refers to the total amount of money a company receives from its…
Q: Give me answer
A: The functional currency of a foreign operation is determined primarily by identifying the currency…
PT
Step by step
Solved in 2 steps
- Answer this Accounting problemJean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Required: 1. Calculate the prime cost per cleaning. 2. Calculate the conversion cost per cleaning. 3. Calculate the total variable cost per cleaning. 4. Calculate the total service cost per cleaning. 5. What if rent on the office that Jean and Tom use to run HHH increased by 1,500? Explain the impact on the following: a. Prime cost per cleaning b. Conversion cost per cleaning c. Total variable cost per cleaning d. Total service cost per cleaningYou own and manage a yard care business in which you charge $50 per visit to care for each yard (your revenue). Your labor, fuel, and other variable costs are 30.5% of revenue, and you have $40,000 in fixed costs. How many visits to care for yards must you perform in a year to break even?
- A Project Manager (PM) wants to price out the cost for her project for the use of a piece of equipment. The company knows the piece of equipment is used by all projects combined an average of 31 hours per week. The company the PM works for actualy rents the piece of equipment from a 3rd party provider at a cost of $32000 per month and spends $19000 per year on maintenance (the 3rd party provider doesn't pay for it). WWhat would be the ABC cost for the use of the piece of equipment for the PM's project if the PM needs the equipment for 50 hours? Use 5 significant figures in your calculations. Your Answer:Plank, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling them at $ 520 each. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Plank make each month? Hint: use the contribution margin approach.REQUIRED : a) Compute the breakeven point in unit and RM. b) Compute the number of children, if the MESRA Kids target the net operation incomeis RM5,000 per month.
- Planck, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling each set at $ 520. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Planck make each month? Round to the nearest one. Hint: use the contribution margin approach.Andre’s Hair Styling in Jamaica has five barbers. Each barber is paid $9.90 per hour and works 40 hours per week and a 50 week year, regardless of the number of haircuts. Rent and other fixed expenses are $1,750 per month. Assume that the only service performed is the giving of haircuts, the unit price of which is $12. Required: a. Find the contribution margin per haircut. Assume that the barbers’ compensation is a fixed cost. b. Determine the annual break-even point in number of haircuts. c. What will be the operating income if 20,000 haircuts are sold? d. Suppose Andre revises the compensation method. The barbers will receive $4 per hour plus $6 for each haircut. What is the new contribution margin per haircut? What is the annual break-even point (in number of haircuts)? e. Ignore requirements c and d and assume that the barbers cease to be paid by the hour but receive $7 for each haircut. What is the new contribution margin per haircut? The annual…can u help me
- The cost to operate a clothes dryer for a year is $80.25. If the rate for electrical energy is 8.8¢/kWh, and the clothes dryer is used for 700 hours in a year, what is the power rating of the clothes dryer? Explain in depth and clearly.To open a clothing repair shop, you need to carry out the following expenses: purchase of raw materials and materials - 50 thousand UAH. per year, the cost of equipment - 200 thousand UAH. (service life - 10 years), rental of premises - 3 thousand UAH. monthly, salary of employees - UAH 8.4 thousand. monthly, electricity - 18 thousand UAH. in year. For the amount of funds invested in production, it would be possible to receive an income of 7% per annum, as well as receive wages in a similar production - 30 thousand UAH. in year. Calculate accounting, economic and normal profit if the total income of the enterprise is 550 thousand UAH. in yearYou are constantly trying to save your company some money. One decision you encounter is a make or buy decision for the new project manager. The make solution has an upfront cost of $25,000 plus $3,000 per month as a maintenance fee. The buy solution has an upfront cost of $20,000 plus $3,250 per month as a maintenance fee as well as a $250 per month subscription fee. What is the minimum usage period in months required for the company to justify the make decision, and if the project will last 1 year should the company make or buy?