The annual salaries of six employees of a company are as follows: $22,000 $35,000 $22,000 $46,000 $57,000 $57000 The variance of these salaries, rounded to the nearest dollar, is: $ i
Q: None
A: Data Recap:Normal selling price per Ret: $42Fixed manufacturing overhead: $240,000 per year (within…
Q: Problem 1.1 Gross profit: [8 Marks] This year, merchandise is sold for $550,000 cash, $1,200,000 on…
A: 1. Financial Analysis:The first problem demonstrates the importance of understanding gross profit…
Q: want proper answer
A: Step 1 Efficiency Variance Calculation for Landscaping Business Sal AmatoUsing The Standard Labor…
Q: Help me tutor
A: Step 1: Compute the beginning balances of assets, liabilities, and equity.Note that Total assets =…
Q: What is the primary purpose of an audit? O A. To decrease the workload of employees OB. To increase…
A: An audit is a systematic and independent examination of books, accounts, statutory records,…
Q: need answer please provide it
A: Step 1: Define Accounts Receivable:The accounts receivable show the amount that the business is…
Q: not use ai please
A: a.1 Jan 1. Account NameDebitCreditStorage Tank2,600,000 Cash 2,600,000a.2 Jan. 1Account…
Q: Ans
A: Step 1:Return on asset=(Net income/ average total assets)*100 Average asset=( beginning asset+…
Q: ??
A: Break this down step by step for each joFor Job RZA3 (Bluerock Apparel)1. **Direct Materials**:…
Q: Answer? Provide detailed explanation of Question. Otherwise don't accept this question
A: Let's tackle these questions one by one.1. Price of Preferred Stock for VYX Corporation:Preferred…
Q: 39. A taxpayer final status is married filing jointly they have a 1055 k-1 with foreign tax credit…
A: The Foreign Tax Credit is a non-refundable tax credit for income taxes paid to a foreign government…
Q: Need answer with detailed explanation & calculation
A: To calculate Nova Tech's Degree of Operating Leverage (DOL), we use the formula:DOL = Contribution…
Q: Hi expart Provide correct answer
A: Step 1: Define Manufacturing OverheadsThe sum of all the indirect expenses which has been spent by a…
Q: What was the company's debt-to-equity ratio?
A: Step 1: Define Earning Before Interest and Tax (EBIT)EBIT is a valuable measure that depicts an…
Q: None
A: Required 1: Predetermined overhead rate Predetermined overhead rate = Estimated total manufacturing…
Q: Solve this problem
A: Question Overview:We are given the following information to determine the **cash payments** made…
Q: not use ai please
A: MMT CorporationIncome StatementFor the Year Ended December 31, 2024Revenues and gains: Sales…
Q: Give correct answer
A: Calculating ROE and Sustainable Growth Rate a. Calculate ROE:Using the DuPont formula, we can…
Q: Sandstone Corporation has the following account balances and respective fair values on June 30:…
A: How should Patriot account for the fee paid to the investment bank?Fee paid to the investment bank…
Q: Need help
A: ROE = net income/shareholder's equity Here net income will be computed first. EBIT is given as…
Q: None
A: Step 1: Definition of Job OrderIt is a document that places an order to do a certain job. It is also…
Q: What is the net income percentage?
A: Step 1: Define Net IncomeAn income statement reports the revenues and expenses earned and incurred…
Q: The net income reported on the income statement for the current year was $ 3 1 0 , 0 0 0 .…
A: Net income represents the profit of the company after all expenses have been deducted from revenue.…
Q: Dawson Company's balance sheet information at the end of Year 2 and Year 3 is as follows: Year…
A: A balance sheet is a financial statement that presents a company's financial position at a specific…
Q: Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $…
A: Requirement A:Computation of net sales, gross profit, and gross profit margin ratio as…
Q: Princeton Lemonade Company processes fresh lemonade. The company has the following expenses for…
A: The value chain refers to all the steps and activities a company goes through to deliver a product…
Q: What is the firm's expected ROE?
A: To calculate the firm's expected Return on Equity (ROE), we can follow these steps:Calculate the…
Q: Nonr
A: Step 1: Definition of Manufacturing Overhead:Manufacturing overhead, as used in cost accounting,…
Q: What is the Future Value of $8,000 at the end of 5 years with an interest rate of 9% ?
A: Steps of solution Case(1) compounded annually (n=1 ) To calculate the future value (FV) of $8000…
Q: Grove Audio is considering the introduction of a new model of wireless speakers with the following…
A: a) What will the operating profit be?1. Revenue = Sales price × Units sold = $433 × 3,900 =…
Q: Strict warning: Don't use AI
A: ## Calculating the After-Tax Cost of Debt for Horizon Health Center:**1. Calculate the After-Tax…
Q: Susan just purchased her first house valued at $200000. She paid a down payment of $20000, and took…
A:
Q: need solution
A: Step 1: Identify the given informationSales: 2,000 unitsSelling price: $100 per unitVariable costs:…
Q: Need answer the question
A: Step 1: Define Sales DiscountThe computation of net sales includes the consideration of sales…
Q: Assignment [25 Marks] Important Warning: Do not use artificial intelligence to answer assignment…
A: Detailed explanation:BrightCare, a premium healthcare provider, is dealing with declining patient…
Q: Provide solution
A: Step 1: Introduction to the Asset Turnover RatioTurnover ratios are efficiency ratios. The asset…
Q: Please help me solve for the blanks and show steps
A:
Q: Give true solution
A: In this problem, we need to find the amount the company must invest now to receive $6,000,000 at the…
Q: Charlevoix Cases makes mobile phone cases. The company has collected the following price and cost…
A: The contribution margin per unit is the difference between the selling price per unit and the…
Q: 27. A taxpayer had a W-2 of 104,00 stock sales l/t 5,000 qualified dividends of $35,000 the sale of…
A: The taxable income is calculated by subtracting the standard deductions from the Adjusted Gross…
Q: kindly give all questions answer with details
A: Question: 1 Step 1: Flexible Budget CalculationThe flexible budget adjusts the planning budget based…
Q: not use ai please don't
A: Step 1: Define Gross ProfitGross profit refers to the amount of profit before indirect costs and…
Q: provide solution
A: Step 1: Definition of Total Assets Turnover:The total assets turnover ratio is the ratio of the…
Q: Need answer
A: Earnings before taxes (EBT) of $120,000 annually are anticipated as a result of the acquisition of…
Q: 14. Is the following statement correct regarding exclusions or deductions. A. an HSA contribution…
A: Before we can answer the question, we need to understand the terms used. A deduction is an amount…
Q: give answer
A: Part 1: Direct Materials Purchases Budget by Quarters for 2020Determine the Raw Material…
Q: Give true solution
A: Explanation of Operating Cycle (OC): The operating cycle refers to the total time it takes for a…
Q: Provide correct solution
A: Step 1: Define Inventory Valuation MethodsInventory valuation techniques include First In, First Out…
Q: no ai use
A: 1. Direct Materials Purchases Budget for 2020Given the production data for Samano Industries and the…
Q: not use ai please
A: Step 1:In given question it is given that Jefferson make journal entries at the end of each…


Step by step
Solved in 2 steps with 3 images

- The standard rate of pay is P15 per direct labor hour. If the actual direct labor payroll was P88,200 for 6,000 direct labor hours worked, the direct labor price (rate) variance isGates Manufacturing operations for 2021 are as follows: $Per unit: Sales price 100 Direct material cost 36 Direct wages 8 Variable production overhead 6Per month: Fixed production overhead 198 000 Fixed selling expenses 24 000 Fixed administration expenses 52 000Variable selling expenses is 10% of sales value.Normal capacity was 11 000 units per month. January February Units UnitsSales 20 000 24 000Production 24 000 20 000 Using the two methods:C. Prepare the Marginal Income Statement and the Absorption Income Statement for March and April5. A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 ? per ?. Budgeted direct labor: $1,500,000 ? per ?. Estimated machine hours: 100,000 ? per ?. PLEASE NOTE: Predetermined overhead rates will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $12,345.67). The rates will include their proper label according to the textbook examples (no abbreviations).
- I need help with general accounting8. A company's over absorbed overhead for a period is £4,000. The budgeted hours for the period was 40,000hours and the budgeted overhead cost for the same period had been £160,000. If the actual hours worked are 45,000hours, showing your workings, calculate the actual overhead cost incurred.28. The standard rate of pay is…
- A company estimates its manufacturing overhead will be $525,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 42,000 per direct labor hour B. Budgeted direct labor expense: $1,050,000 per direct labor dollar C. Estimated machine hours: 70,000 per machine hourA company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000Please provide the answer to this general accounting question using the right approach.
- Please help me(J)Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) $ 3,000 Supplies (variable) $ 4.00q Utilities (mixed) $150 + $0.75q The company’s planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. How much utilities expense would be included in the flexible budget? $1,500 $1,675 $1,575 $1,650