Taylor & Sons Inc. produce and sell two products - drum kits and piano keyboards. Each of these products is made in a dedicated manufacturing facility, and the product line managers are evaluated based on the product line's return on investment (ROI). The following data is from the most recent year of operations: Details Sales Drum Kits Piano Keyboards $2,500,000 $3,750,000 Variable Costs $1,100,000 $2,150,000 Direct Fixed Costs $900,000 $1,200,000 Average Assets $1,800,000 $2,200,000 Calculate the margin and asset turnover for each product line.
Q: The manufacturing costs of Redwood manufacturing for the first three month of the yaer
A: Explanation of High-Low Method:The high-low method is a cost analysis tool used to separate fixed…
Q: Alpha Apparel Inc. Plans to sell 15,000 sweatshirts at... Please answer the financial accounting…
A: Step 1: Define Variable Product Cost per UnitVariable Product Cost per Unit refers to the total cost…
Q: 4 PTS
A: Dimensional complexity arises when businesses operate in multiple domains, such as across regions,…
Q: Please need help with this financial accounting question please answer do fast
A: Step 1: Define Operating LeverageOperating Leverage measures the sensitivity of a company's…
Q: Need help with this general accounting question
A: Step 1: Define Budget DeficitThe Budget Deficit is the amount by which a government's expenditures…
Q: During 2015, the assets of Inspiring Sky increased by $45,000, and the liabilities increased by…
A: Explanation of Assets: Assets represent everything a business owns that has value, such as cash,…
Q: Statment of the cost of goods manufactured?
A: Step 1:The cost of goods manufactured is the cost of finished goods inventory completed during the…
Q: Ans plz
A: The sustainable growth rate (SGR) is the rate at which a company can grow its sales, earnings, and…
Q: Company Name Price Variable manufacturing costs Fixed manufacturing costs Variable selling costs…
A: in summary; Cherry Co. has a small total changeable cost of $10. Banana Co has the lowest total…
Q: What is the gross profit margin?
A: To calculate the gross profit margin, we first calculate the gross profit and then divide it by net…
Q: General accounting
A: Part (a): Loan AmountThe home price is $259,000, and you plan to make a 10% down payment. The down…
Q: Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying…
A: First, we need to eliminate the investment in Spark Filter Company from Plug Products' books and the…
Q: What is the sustainable growth rate?
A: To calculate the sustainable growth rate (SGR), we use the formula:SGR = ROE × (1 - Dividend Payout…
Q: ???
A: Explanation of Net Sales: Net sales represents the actual revenue earned after deducting sales…
Q: Don't Use Ai
A: The question requires the determination of the total manufacturing cost. Total manufacturing cost…
Q: A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per…
A: Given Data:Total Cost per Unit at 100,000 units: $50.00Variable Cost per Unit: $20.00Markup: 50%New…
Q: What is the cost of the ending work in process inventory on this general accounting question?
A: Step 1: Define Ending Work in Process InventoryEnding Work in Process Inventory refers to the value…
Q: Calculate Windsor Gear works total assets on these financial accounting question
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that measures a…
Q: Evergreen Logistics incurred the following costs for a new delivery truck: please answer the…
A: Step 1:The cost of assets includes the purchase price and the cost incurred to bring the assets for…
Q: Correct answer
A: Step 1:First, calculate the ending inventory in units: Ending inventory (Units) = Beginning…
Q: Need help with this general accounting question
A: To calculate the Accrual Basis Net Income and Cash Basis Net Income, and the Return on Sales Ratio…
Q: Financial Accounting
A: Step 1: Define Flexible BudgetA flexible budget is a budget that adjusts for changes in the level of…
Q: Calculate predetermined overhead rate?
A: Explanation of Direct Costs: In medical billing, these are costs directly attributable to a specific…
Q: Need help with this financial accounting question
A: Step 1: Define Gain or Loss on Sale of an AssetA gain or loss on the sale of an asset is determined…
Q: Net sales total $525,000.
A: Explanation of Days' Sales in Receivables:Days' sales in receivables is a liquidity ratio that…
Q: Please provide correct solution for this financial accounting question
A: Step 1: Define After-Tax YieldThe After-Tax Yield represents the actual return on investment after…
Q: Katherine Brewer is the stockholder and operator of Our Idol LLC, a motivational consulting…
A: To solve this question, we will use the accounting equation: Assets=Liabilities+Stockholders' Equity…
Q: Please provide answer this general accounting question
A: To allocate the $60,000 payment to the building, we need to calculate the proportion of the total…
Q: MCQ
A: To calculate the Return on Equity (ROE), use the formula: ROE = Net Income / Equity Step 1:…
Q: Give true answer this financial accounting question
A: Step 1: Calculation of market price of stockCash flow per share = $4Price / Cash flow ratio = 10Step…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a measure of financial…
Q: What is the amount of interest expense on July 1 ? General accounting
A: Step 1: Definition of BondsBonds are debt instruments issued by companies or governments to raise…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Fair-Value MethodUnder the fair-value method, an investor recognizes income only to…
Q: Accurate Answer
A: To determine the raw materials purchased during the year, we can use the following formula: Raw…
Q: Compute the percentage of total return?
A: 1. Calculate the capital gain:Capital Gain = Ending Price - Initial PriceCapital Gain = $102 -…
Q: Don't use ai to answer I will report you answer
A: 1. Furniture (7-year, HY Convention):Original Basis$100,000Year 5 (2024) Depreciation %: 8.93%…
Q: Larkspur Manufacturing Company observed that, during its busiest month of 2022, maintenance costs…
A: Explanation of High Point: The high point represents the month with the maximum production volume in…
Q: Financial Accounting Question please provide solution
A: Step 1: Calculation of gross profit for 2021 and 2022Gross Profit = Net Sales Revenue - Cost of…
Q: Please provide solution this general accounting question
A: Step 1: Define GoodwillGoodwill is an intangible asset that arises when a company is purchased for…
Q: None
A: Step 1: Calculate the Equity Multiplier• Equity Multiplier = 1 + Debt-to-Equity Ratio Step 2:…
Q: Please give me correct answer this general accounting question
A: Step 1: Calculate Gross IncomeGross income includes all earnings before any deductions:Wages:…
Q: Question: - How does resource attribution mapping enhance cost allocation? 1. Attribution wastes…
A: The question pertains to the purpose or the use of resource attribution mapping. Resource…
Q: Sub: general accounting
A: Explanation of Profit Margin: Profit margin measures what percentage of sales revenue is converted…
Q: Financial Accounting Question please solve
A: Step 1: Define After-Tax ReturnThe After-Tax Return on preferred stock is the return earned by an…
Q: Cypress Corporation reported the following financial data: please answer the financial accounting…
A: Step 1: Accounts receivable period Accounts receivable period = Accounts receivable/Credit sales x…
Q: Accurate answer
A: Step 1:The cost of goods manufactured is the cost of finished goods inventory completed during the…
Q: Need help
A: Approach to solving the question: Step 1: We determine the total production cost to get the unit…
Q: General Accounting
A: Step 1: Definition of Price/Earnings (P/E) RatioThe P/E ratio is a measure of the price paid for a…
Q: What is price printing company's return on equity?
A: To calculate the Return on Equity (ROE) for Price Printing Co., we use the formula:ROE=After-tax…
Q: How would cash be affected for this financial accounting question?
A: Step 1: Define Cash Proceeds from the Sale of EquipmentThe cash proceeds from the sale of equipment…
Financial Accounting Question need help
Step by step
Solved in 2 steps
- Corazon Manufacturing Company has a purchasing department staffed by five purchasing agents. Each agent is paid 28,000 per year and is able to process 4,000 purchase orders. Last year, 17,800 purchase orders were processed by the five agents. Required: 1. Calculate the activity rate per purchase order. 2. Calculate, in terms of purchase orders, the: a. total activity availability b. unused capacity 3. Calculate the dollar cost of: a. total activity availability b. unused capacity 4. Express total activity availability in terms of activity capacity used and unused capacity. 5. What if one of the purchasing agents agreed to work half time for 14,000? How many purchase orders could be processed by four and a half purchasing agents? What would unused capacity be in purchase orders?Oriole produces and sells two products-aluminum and vinyl. Each of these products is made in a dedicated manufacturing facility, and the product line managers are evaluated based on the product line's return on investment. The following data is from the most recent year of operations, Aluminum Vinyl Sales $4,000,000 $4,350,000 Variable costs 2,050,000 2,403,750 Direct fixed costs 1,520,000 1,533,000 Average assets 2,000,000 1,500,000 (31) Your answer is correct. Calculate the margin and asset turnover for each product line. (Round answers to 2 decimal places, eg. 5.12 and 5,12%) Aluminum Vinyl Margin 10.75 % 9.50 % 2.00 2.90 Your answer is correct. Calculate return on investment for each product line. (Round ROI to 2 decimal places, e.g. 5.12 %) Aluminum Vinyl ROI 21.50 % 27.55 % eTextbook and Media Attempts: unlimited Both product line managers would like to improve their respective returns on investment, and each manager has a different idea about how to accomplish this. If the…Lazer Tag manufactures computer parts within a relevant range of 50,000 to 100,000 units per year. Complete the following manufacturing cost schedule (a through j) for Lazer Tag. Fill in the following chart. Parts Produced TOTAL COSTS: 50,000 100,000 Variable $75,000 Fixed 50,000 Total COSTS PER UNIT: Variable Fixed Total
- Neely Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Neely Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Neely Systems Corporation. If a transfer between the two divisions is arranged next period at a price (on 4,000 units of super chips) of $40, total profits…Neely Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Neely Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Neely Systems Corporation. Two possible transfer prices (for 4,000 units) are under consideration by the two divisions: $35 and $40. Corporate profits would…Neely Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Neely Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Neely Systems Corporation. Assume that next month's costs and levels of operations in the Computer and Computer Chip Divisions are similar to this month.…
- Office Products Inc. manufactures and sells various high-tech office automation products. Two divisions of Office products Inc. are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's operations in the Computer Chip Division: Selling price per chip Variable cost per chip Fixed production cost Fixed SG & A costs Monthly capacity External sales Internal sales $50 $20 $60,000 $90,000 $30 $45 $35 $50 10,000 chips 6,000 chips 0 chips Presently the Computer Division purchases no chips from the Computer Chip Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Assume that next month's costs and levels of operation in the Computer and the Computer Chip Divisions are similar to this month. What is the maximum of the transfer price range for a possible…Office Products Inc. manufactures and sells various high-tech office automation products. Two divisions of Office products Inc. are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's operations in the Computer Chip Division: Selling price per chip Variable cost per chip Fixed production cost Fixed SG & A costs Monthly capacity External sales Internal sales $50 $20 $60,000 $90,000 $50 $45 $20 10,000 chips 6,000 chips 0 chips Presently the Computer Division purchases no chips from the Computer Chip Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Assume that next month's costs and levels of operation in the Computer and the Computer Chip Divisions are similar to this month. What is the minimum of the transfer price range for a possible…FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 100,800 to 165,600 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 100,800 128,800 165,600 Total costs: Total variable costs $41,328 (d) (j) Total fixed costs 46,368 (e) (k) Total costs $87,696 (f) (l) Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) (h) (n) Total cost per unit (c) (i) (o) Complete the cost schedule below. Round costs per unit to the nearest cent. Cost Schedule Components produced 100,800 128,800 165,600 Total costs: Total variable costs $41,328 $fill in the blank 1 $fill in the blank 2 Total fixed costs 46,368 fill…
- FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 72,000 to 114,000 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: produce a solution Components produced 72,000 91,200 114,000 Total costs: Total variable costs $24,480 (d) (j) Total fixed costs 27,360 (e) (k) Total costs $51,840 (f) (l) Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) (h) (n) Total cost per unit (c) (i) (o) Complete the cost schedule below. Round costs per unit to the nearest cent. Cost Schedule Components produced 72,000 91,200 114,000 Total costs: Total variable costs $24,480 $fill in the blank 1 $fill in the blank 2 Total fixed costs…FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 88,400 to 142,800 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced Total costs: Total variable costs Total fixed costs Total costs Cost per unit: Components produced Total costs: 88,400 Total variable costs $33,592 37,128 $70,720 Variable cost per unit (a) (g) Fixed cost per unit (b) (h) Total cost per unit (c) (1) Complete the cost schedule below. Round costs per unit to the nearest cent. Cost Schedule 88,400 109,200 $33,592 (d) (e) (f) 142,800 (j) (k) (1) (m) (n) (0) 109,200 142,800As the newly appointed Controller of Lynbrook, Inc. you have been asked to evaluate several scenarios that management is considering to improve the overall profitability of the company. Lynbrook manufactures and sells a product called a Wren, its only product. The company normally produces and sells 60,000 Wrens each year at a selling price of $32 per unit. The company's unit costs at this level of activity are included below: Direct materials $10.00 Direct labor 4.50 Variable manufacturing 2.30 overhead Fixed manufacturing overhead 5.00 ($300,000 total) Variable selling expenses 1.20 Fixed selling expenses 3.50 ($210,000 total) Total cost per unit $26.50 The CFO of Lynbrook would like your response to the following three (3) independent situations to present to the management team early next week. Situation #1 Assume that Lynbrook has sufficient capacity to produce 90,000 Wrens each year without any increase in fixed manufacturing overhead costs. The company could increase its unit…
