The East and West Railroad has 2 divisions. The company recently invested $800,000 to maintain its railroad track and pertinent data for the two divisions are as follows: Total Miles Traveled East Division 800,000 miles West Division 1,200,000 mile What is the amount of track improvement cost that should be allocated to the West Division?
Q: Waiting for your solution general Accounting question
A: Step 1: Define Operating (EBIT) MarginThe Operating Margin (EBIT Margin) measures a company's…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Variable Costing Inventory ValuationVariable costing is an inventory valuation…
Q: Get correct answer accounting questions
A: Step 1: Definition of Interest on a Note ReceivableInterest on a note receivable refers to the…
Q: What is the firm's debt equity ratio accounting question
A: Step 1: Definition of Debt to Equity RatioThe Debt to Equity Ratio measures a company's financial…
Q: Ans ?
A: Step 1: Formula $25,000 is within the tax bracket of $16,001 to $40,000So the tax will be calculated…
Q: I need help with accounting question
A: Step 1: Definition of Wage ExpenseWage expense represents the total wages incurred during the year,…
Q: Determine for 2022
A: Explanation of Other Comprehensive Income (OCI):Other Comprehensive Income (OCI) consists of…
Q: Waiting for your solution
A: Step 1: Define Applied OverheadApplied overhead is the amount of overhead assigned to jobs based on…
Q: Please given answer
A: Step 1: Definition of Equivalent Units for Conversion CostsEquivalent units represent the work done…
Q: MEG Adventures pays $525,000 plus $13,000 in closing costs to buy out a competitor. The real estate…
A: To compute the cost allocated to the building, we use the relative fair value method. This method…
Q: Given step by step answer general Accounting question
A: Step 1: Definition: Cash Conversion Cycle (CCC)The CCC measures the time it takes for a company to…
Q: Amount will be debited and factory overhead will be credited
A: Step 1: Predetermined overhead rate Predetermined overhead rate = Estimated total factory overhead…
Q: General Account
A: Concept of Profit MarginProfit margin is a financial metric that indicates the percentage of sales…
Q: Please given answer accounting question
A: Step 1: Define Free Cash FlowFree cash flow refers to the total amount of money a company is left…
Q: Hy expert please given answer
A: Step 1: Define Operating LeverageOperating leverage can be defined as the employment of an asset…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Profit Margin (Return on Sales)Profit margin, also known as return on sales,…
Q: expert of general accounting answer
A: Step 1: Definition of Prime CostPrime cost refers to the sum of all direct costs associated with…
Q: Multiple Choice 2-32 Educational Incentives (LO 2.14) Wendy is a single taxpayer and pays tuition of…
A: Wendy is not eligible for a tuition deduction because the tuition and fees deduction expired after…
Q: What would be the total amount of receivable related to this loan
A: Explanation of Principal Amount:The principal amount is the initial sum of money that is loaned or…
Q: Can you help me with accounting questions
A: Step 1: Definition of Owner's WithdrawalsOwner's withdrawals represent the amount taken out of the…
Q: Answer? ? Financial accounting
A: Step 1: Define Total Direct Labor CostThe Total Direct Labor Cost is the total expense incurred for…
Q: Hello teacher please help me
A: Understanding Absorption Costing Absorption costing, also known as full costing, is a method of…
Q: hello teacher please solve answer me
A: Step 1: Definition of Predetermined Overhead RateA predetermined overhead rate is used to allocate…
Q: Need answer
A: Detailed explanation:Given:Purchased price of the equipment $ 25000Freight charges $ 1200Useful life…
Q: Financial Accounting
A: Concept of Profit MarginProfit margin is a financial ratio that measures the percentage of revenue…
Q: What is the firm's ROA
A: The return on assets (ROA) is calculated as:ROA=Net Income / Total Assets Step 1: Calculate Net…
Q: What is the total direct materials cost variance?
A: Explanation of Standard Quantity: Standard quantity represents the predetermined amount of materials…
Q: Manufacturing overhead was 25000
A: Explanation of Cost of Goods Manufactured (COGM):Cost of Goods Manufactured (COGM) represents the…
Q: If the required adjusting entry for accrued salaries is omitted:
A: Accrued salaries represent wages earned by employees but not yet paid by the company at the end of…
Q: Need help with this question solution general accounting
A: As per CAPM, Cost of common stock = Risk-free rate + Beta*Market risk Premium Cost of common stock…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Net Income in CVP AnalysisIn Cost-Volume-Profit (CVP) Analysis, Net Income…
Q: General accounting
A: Step 1: Identify the FormulaROA = Net Income / Total Assets Step 2: Identify the Given ValuesNet…
Q: Answer this all Question step by step
A: QUESTION 1 PLEASE NOTE: Please clarify with your examiner which predetermined overhead should be…
Q: I need help with this problem and accounting
A: Step 1: Definition of Total Cost of InspectionThe total cost of inspection is calculated using…
Q: The weighted average contribution margin
A: To calculate the weighted average contribution margin (WACM), we first need to find the contribution…
Q: Provide general accounting questions.
A: Let's break this down step by step to calculate the required values from the information provided:…
Q: General Accounting question
A: Step 1: Define Plantwide Overhead RateThe Plantwide Overhead Rate is the rate at which overhead…
Q: Contribution margin and contribution margin per unit?
A: Explanation of Contribution Margin:The contribution margin represents the portion of sales revenue…
Q: A manufacturing company allocates overhead at a fixed rate of $50 per hour based on direct labor…
A: Explanation of Overhead Allocation:Overhead allocation is the process of distributing indirect…
Q: Kindly help me with this question general Accounting
A: When a corporation sells property to a majority shareholder, special tax rules apply under IRC…
Q: Need help with this accounting questions
A: Step 1: Definition of Unit Product CostThe unit product cost is the total cost incurred to produce a…
Q: Please solve this financial accounting question
A: Step 1: Define Capital Gain/LossCapital gain/loss refers to the profit or loss incurred from the…
Q: Hello tutor please help me
A: Step 1: Definition of Markup PercentageMarkup percentage is the percentage added to the cost of…
Q: What is his taxable income?
A: Step 1: Define Itemized deductionItemized deduction is a kind of deduction provided by the…
Q: Hii expert please given correct answer general Accounting
A: Step 1: Define Net IncomeNet income represents the company's profit after deducting all costs,…
Q: None
A: Step 1: Definition of Uncollectible Accounts ExpenseUncollectible accounts expense, also known as…
Q: During the month of March, Neji Company used $32,800 of direct materials and incurred $46,100 of…
A: Concept of Direct MaterialsDirect materials are the raw materials that are used directly in the…
Q: Ans
A: Concept of Gross Sales RevenueGross sales revenue represents the total revenue generated from all…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Variable CostingVariable costing is a method where only variable production…
Q: Hi expert please help me
A: Step 1: Definition of Absorption CostingAbsorption costing is also known as full costing which…
General accounting
Step by step
Solved in 2 steps
- The Western and Pacific Railroad has two divisions, the Western Division and the Pacific Division. The company recently Invested $8,700,000 to maintain its rallroad track. Pertinent data for the two divisions are as follows: Total Miles Traveled: Western Division Pacific Division The amount of track Improvement cost that should be allocated to the Western Division is: Note: Round Intermediate calculations to 1 decimal place. Multiple Choice $550,633. $3,219,000. $536,500. 870,000 miles 1,500,000 miles $435,000.Accounting question please given answerNeed help with this financial accounting question
- General AccountingPlease provide answer the accounting question only experts answer exceptedThe following schedule reflects the incremental costs and revenues for acapital project. The company uses straight-line depreciation. The interestexpense reflects an allocation of interest on the amount of this investment,based on the company’s weighted average cost capital:Revenues $650,000Direct costs $270,000Variable overhead 50,000Fixed overhead 20,000Depreciation 70,000General & administrative 40,000Interest expense 8,000458,000Net profit before taxes $192,000══════The annual cash flow from this investment, before tax considerations, would be:
- Bartolo Delivery has two divisions, air express and ground service, that share the common costs of the company's communications network, which are $8,200,000 a year. You have the following information about the two divisions and the common communications network. Air express Ground service Required A Calls (thousands) 581,000 249,000 Required: a. What is the communications network cost that is charged to each division of the number of calls is used as the allocation basis? b. What is the communications network cost to each division using time on network as the allocation basis? Complete this question by entering your answers in the tabs below. Division Air express Ground service Time on Network (hours) Required B 362,500 1,087,500 What is the communications network cost that is charged to each division if the number of calls is used as the allocation basis? (Do not round intermediate calculations.) Network CostBartolo Delivery has two divisions, air express and ground service, that share the common costs of the company's communications network, which are $8,400,000 a year. You have the following information about the two divisions and the common communications network. Air express Ground service Calls (thousands) 504,000 216,000 Required: a. What is the communications network cost that is charged to each division if the number of calls is used as the allocation basis? b. What is the communications network cost to each division using time on network as the allocation basis? Complete this question by entering your answers in the tabs below. Required A Required B Division Time on Network (hours) 350,000 1,050,000 What is the communications network cost that is charged to each division if the number of calls is used as the allocation basis? (Do not round intermediate calculations.) Air express Ground service Network CostThe composting division has identified a source of additional compostable waste at a price of $205 per ton. What would be the impact on the company as a whole if the 400 tons of material is purchased from the outside supplier? As a decentralized unit, what decision would the composting division make regarding the additional material?
- Required information [The following information applies to the questions displayed below.] Megamart provides the following information on its two investment centers. Investment Center Electronics Income $ 3,114,000 2,261,000 Average Assets $ 17,300,000 13,300,000 Sporting goods Sales $ 41,520,000 18,088,000 1. Compute return on investment for each center. Using return on investment, which center is most efficient at using assets to generate income? 2. Assume a target income of 11% of average assets. Compute residual income for each center. Which center generated the most residual income? 3. Assume the Electronics center is presented with a new investment opportunity that will yield a 14% return on investment. Should the new investment opportunity be accepted? The target return is 11%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on investment for each center. Using return on investment, which center is most efficient…PLS HELP ASAP thank u in advance. need help with all requirements A-D.Lake Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the segment is eliminated, the building it uses will be sold. Advertising expense Supervisory salaries Allocation of companywide facility-level costs Original cost of building Book value of building Market value of building i Maintenance costs on equipment Real estate taxes on building $140,000 300,000 Avoidable cost 130,000. 220,000 100,000 160,000 112,000 12,000 Required Determine the amount of avoidable cost associated with the segment.