Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time?
Q: If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the…
A: The question requires the determination of the cost based on a profit margin. Profit margin is a…
Q: What is the annual depreciation charge of this financial accounting question?
A: Step 1: Define Straight-Line DepreciationStraight-line depreciation is a method that evenly spreads…
Q: Get correct solution this financial accounting question
A: Step 1: Define Gross Fixed AssetsGross Fixed Assets refer to the total value of a company's fixed…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Lower-of-Cost-or-Market (LCM)The lower-of-cost-or-market (LCM) method is an…
Q: Compute the total land cost of these financial accounting question
A: Start with the purchase price: $950,000Add demolition costs: $950,000 + $85,000 = $1,035,000 Add…
Q: Litan Corp. has $450,000 of assets, and it uses only common equity capital (zero debt). Its sales…
A: 1. Calculate the required Net Income:Since Litan Corp. has no debt, its Equity is equal to its…
Q: I want to correct answer general accounting question
A: Step 1: Identify the Projected Benefit Obligation (PBO) at the end of 2024From the data given, the…
Q: Company K had total sales of $2,800,000 during the year. The cost of goods sold and depreciation…
A: Explanation of Total Sales (Revenue):Total sales, also known as revenue, represent the total amount…
Q: 5 PTS
A: Explanation of Profit Margin:The profit margin is a financial ratio that indicates the percentage of…
Q: General Accounting
A: Step 1: Contribution margin ratio Basis: Sales so the sales ratio is 100%Contribution margin ratio =…
Q: Need correct answer general Accounting
A: Step 1: Definitions: Return on Assets (ROA): Measures how efficiently a company generates profit…
Q: Provide answer
A: Step 1: Calculate Geisner Inc.'s Debt-to-Equity RatioThe Debt-to-Equity (D/E) ratio is calculated…
Q: At the end of last year, Harvey, a 25% partner in the four-person HRT partnership, had an outside…
A: Calculation of Total Amount RealizedTotal Amount Realized = Cash Received + Relief of Harvey's share…
Q: provide correct answer general accounting
A: Step 1: Definition of Product CostsProduct costs are the costs that are directly associated with the…
Q: Express the answer with 3 decimal places
A: Step 1 The coefficient of variation (CV) is calculated using the formula: CV=μσ ←(1) where:σ is…
Q: Please give correct answer this financial accounting question
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Financial Accounting MCQ
A: Physical changes made to a leased property, like adding new walls, flooring, or lighting, are known…
Q: Classify the following items as assets, liabilities or owner's equity -account payable -loan from…
A: Here are definitions for the three key terms:AssetsAssets are resources owned or controlled by a…
Q: A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin…
A: Step 1: Identify the formula for Return on Equity (ROE)Step 2: Rearrange the formula to solve for…
Q: Question answer
A: To determine the stock price of Gnomes R Us, we used the given financial information, including the…
Q: Provide answer accounting question
A: Step 1: Definition of Labor Price VarianceLabor Price Variance (also known as Rate Variance)…
Q: Kitty Manufacturing has the following data: Beginning Finished Goods Inventory = $10,200 Raw…
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) represents the direct costs…
Q: What is the labor quantity variance?
A: Step 1: Definition of Labor Quantity VarianceLabor Quantity Variance measures the difference between…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Ending InventoryEnding Inventory refers to the value of unsold goods remaining…
Q: In March, one of the processing departments at Wilder Corporation had ending work in process…
A: Explanation of Total Cost to be Accounted For:The total cost to be accounted for refers to the sum…
Q: Compute the plant wide predetermined overhead rate of this financial accounting question
A: Step 1: Define Plant wide Predetermined Overhead RateThe Plant wide Predetermined Overhead Rate is…
Q: Abc
A: 1. Calculate Annual Depreciation:Annual Depreciation=Depreciation Period / Initial…
Q: Quick answer of this general accounting questions
A: Step 1: Define Average Payment PeriodThe average payment period measures the number of days a…
Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…
A: Step 1: Calculate the Total Market Value of the FirmThe total market value of the firm (equity)…
Q: Financial Accounting Question please need answer
A: Step 1: Define Interest Payment on a Note PayableInterest Payment on a Note Payable refers to the…
Q: The entry to appythe factory overhead costs for the year would include?
A: Explanation of Factory Overhead:Factory overhead, also known as manufacturing overhead, refers to…
Q: Amount of collection from customer?
A: Explanation of Cash Collections from Customers:Cash collections from customers refer to the total…
Q: Correct option? ? General Accounting question
A: Step 1: Define Total Percentage ReturnTotal percentage return measures the overall gain or loss on…
Q: How long is it's operating cycle of this financial accounting question?
A: Step 1: Define Operating CycleThe Operating Cycle is the time taken by a company to convert its…
Q: Please provide correct answer
A: Explanation of Purchase Price: Purchase price represents the original amount Sophia paid to acquire…
Q: Zombie Corp
A: The Equity Multiplier is calculated using the DuPont formula:ROE = Profit Margin * Total Asset…
Q: can you please solve this best answer
A: Step 1: Contribution margin.= sales x contribution margin ratio= $806,000 x 0.30= $241,800 Step 2:…
Q: Sierra Adventures has a net income of $3 million this year. The book value of Sierra Adventures'…
A: Step 1: Identify the formula for Internal Growth Rate (IGR)Step 2: Calculate the Retention RatioStep…
Q: Compute the overhead allocation rate
A: Explanation of Estimated Manufacturing Overhead: Estimated Manufacturing Overhead represents the…
Q: General Accounting
A: Step 1: Analysis of given informationPredetermined Overhead Rate = $28.75 per direct labor…
Q: Hamilton Consulting Services, a consulting firm, had accounts receivable of $15,000 on March 31.…
A: Explanation of Accounts Receivable: Accounts receivable represents the money owed to a business by…
Q: Need answer
A: Explanation of Company Contributions:Company contributions refer to the payments made by an employer…
Q: General Accounting
A: To determine the dividend yield, we use the dividend growth model (DGM), which states that the…
Q: Interest earned ratio for the year?
A: Earning Before Interest and Tax(EBIT) = Net Income + Interest + TaxEarning Before Interest and…
Q: What is karan financial services net income?
A: Calculate Earnings Before Taxes (EBT):EBT = EBIT - Interest ExpenseEBT = $468,000 - $42,000EBT =…
Q: Morse Company reports a total contribution margin of $112,000 and pretax net income of $16,000 for…
A: Step 1: Formula Degree of operating leverage = Contribution margin/Operating income Step 2:…
Q: ans
A: Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used to…
Q: Please help me with this question general Accounting
A: To calculate the dividend yield, we'll use the following formula:Dividend Yield = (Total Dividend…
Q: 4 POINTS
A: The economic entity assumption is a fundamental accounting principle that states a business entity's…
Q: What is the opereting cash flow. Provide answer
A: Here's the breakdown:Given:Net Income = $329Sales = $1,340Costs = $740Depreciation = $130Tax Rate =…
What is the standard time?
Step by step
Solved in 2 steps with 3 images
- Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges $221,200 39.500 23,700 $284,400 Material Loading Charges $40.200 6,840 23.040 $70,080 The company desires a $37 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $384.000.What is the Total equivalent annual cost?Schurz Corporation's management reports that its average delivery cycle time is 29 days, its average throughput time is 13.0 days, its manufacturing cycle efficiency (MCE) is 0.20, its average move time is 0.6 day, and its average queue time is 3.0 days. Required: a. What is the wait time? (Round your answer to 1 decimal place.) b. What is the process time? (Round your answer to 1 decimal place.) c. What is the inspection time? (Round your intermediate calculations and final answer to 1 decimal place.) a b C Wait time Process time Inspection time days days days
- What is the expected electricity cost when 740 machine hours are used?Would you expect the amount of applied overhead for a period to equal the actual overhead costs of the period? Why or why not?When preparing a forecasted contribution margin income statement and you are given the units produced, how do you compute dollars per unit?
- A utility bill consisting of a monthly base, plus an added amount based on usage, is classified as a: Question 2 options: fixed cost. mixed cost. curvilinear cost. variable cost.Is there a difference between the number of hours students study and the hours they work?Also, is there an association between the two?1.Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. a. What is the estimated variable portion of maintenance costs per labor hour? 2.What is the estimated fixed maintenance cost each month? 3.Formulate the regression equation 4.If it is estimated that 600 labor hours will be used in July, what is the expected total power cost for July? 5.Using the least-squares method of analyzing costs, answer the following questions and show computations to support your answers. a. What is the estimated variable portion of maintenance costs per labor hour? 5a. What is the estimated fixed maintenance cost each month? 5b.Formulate the regression equation 5c.If it is estimated that 600 labor hours will be used in July, what is the expected total power cost for July?
- An analysis of past janitorial costs indicates that the average janitorial cost is P1.50 per machine hour at an activity level of 40,000 machine hours and P1.20 per machine hour at an activity level of 50,000 machine hours. Assuming that this activity is within the relevant range, what is the total expected janitorial cost if the activity level is 45,000 machine hours?If a company fully allocates all of its overhead costs to jobs, does this guarantee that a profit will be earned for the period?Standard cost per unit is calculated as: A. standard rate per hour multiplied by standard time. B. standard price multiplied by standard quantity. C. Standard quantity divided by standard price. D. service units used divided by available service units.
