Steven Co. has two products: A and B. The following is information about the machine hour activity in its factory: Line Item Description Estimated cost Estimated activityProduct A Estimated activityProduct B Total Machine Hours $17,500 760 260 1,020
Q: None
A: Step 1:Computation of the variable cost per unit using the high-low method: Variable cost per unit =…
Q: None
A: Detailed explanation:The issuance of 10,000 shares of $ 5 par value common stock for $ 150,000…
Q: Isaac Company has estimated the following costs for this year for 240,000 units: Manufacturing…
A: If you have any questions let me know in comment box thankyou for your question.
Q: Need answer this question
A: Step 1:To find the fair value of an investment that pays a growing annual payment, we can use the…
Q: Need help
A: Step 1:Return on assets is calculated to know that how efficiently the company is using its assets…
Q: On the Balance Sheet, in what order do the accounts appear, and why? What does this have to do with…
A: Order of Accounts on the Balance SheetOn the Balance Sheet, accounts appear in the following…
Q: Need answer
A: To determine the Golden Gate Company's gross margin for the year, we need to calculate the cost of…
Q: What amount of cash must be invested today in order to have $39,000 at the end of one year assuming…
A: The balance amount at end of one year is given by,B=A(1+100r).......equation(1) Where,B is the…
Q: hello please give answer
A: Step 1: Introduction to the Authorized Shares:In business and finance, authorized shares refer to…
Q: Baxter Company sold 8,600 units at $130 per unit. Normal production is 9,000 units. Standard: 5…
A: To solve this problem, we will follow these steps:1. Calculate total sales revenue.2. Calculate the…
Q: Do not use Ai
A: (a) Break-even point calculation:Contribution margin per unit = Sales per unit - Variable cost per…
Q: Baltimore Company reports total assets and total liabilities of $251,000 and $110,000, respectively,…
A: Step 1: Introduction to the Shareholders' EquityThe assets of a firm are generally funded by using…
Q: Curry Company has two divisions, Eastern Division and Western Division. Curry Company has been…
A: The problem involves Curry Company, which has two divisions: Eastern and Western. The company…
Q: On January 1, the Hudson Company borrowed $150,000 to purchase machinery and agreed to pay 4%…
A: To find the interest that Hudson Company will report for the first year of the loan, we can follow…
Q: Need help
A: To get the total value of the company's ending inventory using the lower of cost or market method,…
Q: Sabas Company has 20,000 shares of $100 par, 1% noncumulative preferred stock and 100,000 shares of…
A:
Q: What is a good response to? Hello everyone, What are the primary benefits of using flexible budgets…
A: A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. Unlike a…
Q: not use ai please don't
A: Approach to solving the question: Value of Marginal Product Detailed explanation: Examples: Key…
Q: stuck need on solving
A: You can calculate these based on the cost per unit as described above and the number of units that…
Q: None
A: Referencehttps://www.investopedia.com/terms/i/ipo.asp
Q: Recording Business Transactions 227 d. The balance of Advertising Expense is P3,000, but it is…
A: Adjustments: Cash: P38,000 - 4,000 = 34,000Accts. Receivable: 20,000 - 600 + 6,000 = 25,400Supplies:…
Q: None
A: DuPont Formula: Profit Margin = Operating Income/SalesProfit Margin = 112,500/1,875,000Profit…
Q: What objective of the tax system does the favorable treatment of corporate reorganizations fulfill?…
A: Corporate reorganizations refer to the restructuring of a company's business operations, often to…
Q: Computing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk…
A: Let's go through the questions based on the given ratios for Norfolk Southern:1. Was the company…
Q: Centennial Brewery produced revenues of $1,145,227 in 2008. It has expenses (excluding depreciation)…
A: We have the financial data of Centennial Brewery for 2008 Earnings Before Interest, Taxes,…
Q: Provide correct calculation
A: Reference:Bragg, S. (2023, December 12). Accounting for sales discounts — AccountingTools.…
Q: Need help
A: Step 1: Introduction to the Ending InventoryEnding Inventory is the amount of inventories that…
Q: Q2Jenny's adjusted gross income (AGI) is $120,000 a year and she owns a real estate property that…
A: Step 1 - Total Gross Income Calculation AGI: $120,000 Rental Income: $10,000 Total Gross Income =…
Q: Need help with this question
A: Reference: Hayes, A. (2024, April 28). Operating Margin: What it is and the formula for calculating…
Q: 17
A: To determine the lower-of-cost-or-net realizable value for the company's inventory, we need to find…
Q: 23
A: Demand-side economics emphasizes the importance of consumer spending and aggregate demand as the…
Q: Please give true answer
A: Approach to solving the question: Step 1: Calculate Earnings Per Share (EPS)Earnings Per Share (EPS)…
Q: Need correct answer
A: Step 1: Introduction to the Mixed CostsCompanies use methods like high-low, regression, and scatter…
Q: Need answer please
A: 1. Calculate Earnings Before Interest and Taxes…
Q: Give true solution
A: Hello student! To express Gross Profit as a percentage of sales, we simply divide the gross profit…
Q: Provide correct answer with calculation
A: We solve this problem by understanding the relationship between absorption costing and variable…
Q: Provide correct answer for this question
A: Step 1: Introduction to the Gross Profit RateThe gross profit rate indicates the percentage of net…
Q: 18
A: 1. Calculate the Target ProfitFirst, we calculate the target profit based on the company's return on…
Q: Don't use ai i will report you answer solve it as soon as possible with proper explanation
A: Computation of the fair value of plan assets at December 31, 2021 :ParticAmountBeginning Fair value…
Q: Need answer the question
A: If you have any problem let me know in comment box thankyou.
Q: Gross profit isA) Cost of goods sold + Opening stockB) Sales cost of goods soldC) Sales PurchasesD)…
A: Gross profit is a financial metric used to assess a company's financial health and business model by…
Q: Provide correct solution don't use ai
A: To compute the lower-of-cost-or-net realizable value for the inventory of Bramble Corp we will…
Q: None
A: Step 1: Introduction to the High-Low MethodThe high-low method is a technique to analyze mixed costs…
Q: Exercise 7-2 (Static) Accounting for credit card sales LO C1 Levine Company uses the perpetual…
A: Transaction 1: April 8Sold merchandise for $8,400 that cost $6,000 and accepted the customer's…
Q: Need answer
A: Step 1: Introduction to the Direct Labor VariancesThe direct labor rate variance measures the effect…
Q: Need help please
A:
Q: Managerial accounting is concerned with providing information to managers so they may make business…
A: Key references: • Drury, C. M. (2013). Management and cost accounting. Springer.• Horngren, C. T.…
Q: What are three of the hedge transaction types? In which situations will each be used and why?
A: Hedge transactions are financial strategies used by companies to reduce or eliminate risks…
Q: Provide answer
A: Current Assets Section of the Balance SheetHarding Corporation Balance Sheet (partial) as of…
Q: a. Mr. Yap is the financial manager at Akujaya Berhad, and as a financial manager he is responsible…
A: The explanation is in the answer part.
Steven Co. has two products: A and B. The following is information about the machine hour activity in its factory:
Line Item Description | Estimated cost | Estimated activity Product A |
Estimated activity Product B |
Total |
---|---|---|---|---|
Machine Hours | $17,500 | 760 | 260 | 1,020 |
Step by step
Solved in 2 steps
- Raynor manufacturing company has the following data : Direct labor 46000 Direct materials 84000 Total manufacturing overhead 60000 Ending work in process 30000 Beginning of in process 40000 A- compute total manufacturing costs? B- cost of goods manufactured ?Waterway Industries has beginning and ending work in process inventories of $120000 and S135000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? A. $665000. B. $815000. C. $695000. D. s800000.Gold Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product RST. Direct material cost per unit of RST Total estimated manufacturing overhead Total cost per unit of RST Total estimated machine hours, Direct labor cost per unit of RST $ 19 $308,000 $ 84 154,000 MH 27 $
- Product Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Blinks Dinks Number of Direct Labor Hours Machine Hours Units Per Unit Per Unit 990 2,086 4 Oa. $41.28 Ob. $358.83 Oc. $13.04 Od. $51.60 3 gnmentSession Locator=&inprogress=false 8 5 凸☆ All of the machine hours take place in the Fabrication department, which has an estimated overhead of $86,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $89,700. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours. The factory overhead allocated per unit of Dinks is Previous B NextStrama, inc. Manufactures and sells two products: Product A6 and Product I5.Need help with this question solution general accounting
- Lily Company manufactures two products, Board 12 and Case 165. Lily's overhead costs consist of setting up machines, $2600000; machining, $5900000; and inspecting. $1890000. Information on the two products and their estimated use of cost drivers is as follows: Direct labor hours Machine setups Machine hours Inspections Board 12 Case 165 15000 26560 O $3750000. O $4990000. O $5600500. O $6234000. 600 24000 800 400 26000 700 Overhead assigned to Board 12 using traditional costing using direct labor hours isPlease ans1
- Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity Estimated Expected Activity Activity Overhead Activity Cost Pools Labor-related Measures Cost Product Z1 Product Z8 Total DLHS $112,190 40,440 609,770 600 2,000 Machine setups Оrder size 2,600 1,200 6, 200 setups 500 700 MHs 3,000 3,200 $762,400 The activity rate for the Machine Setups activity cost pool under activity-based costing is closest to: Multiple Cholce $203.26 per setup $190.55 per setup $122.97 per setup 92 F AQI 61 nere to search DELLGiven the following data for Carla Vista Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct materials used Direct labor Manufacturing overhead Operating expenses O (A) $940000 $920000 $940000 $960000 $350000 Beginning work in process $40000 Ending work in process Beginning finished goods 420000 Ending finished goods (B) 270000 320000 $960000 $960000 $920000 $980000 20000 50000 30000Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product Z1 Product Z8 Total Labor-related DLHs $ 112,190 600 2,000 2,600 Machine setups setups 40,440 500 700 1,200 Order size MHs 609,770 3,000 3,200 6,200 $ 762,400 The activity rate for the Order Size activity cost pool under activity-based costing is closest to: Multiple Choice $56.10 per MH $293.23 per MH $76.24 per MH $98.35 per MH