The Penner Company reported total manufacturing costs of $195,000; manufacturing overhead totaling $39,000 and direct materials totaling $48,000. How much is direct labor cost? a. $147,000. b. $282,000. c. $87,000. d. $108,000. e. None of the above.
Q: Give true answer
A: The Profitability Index (PI) is a financial metric used to evaluate the profitability of an…
Q: An accrual occurs when: a) Cash is paid after an expense is recorded b) Cash is received before a…
A: Explanation of Accrual:Accrual refers to the accounting method where revenues and expenses are…
Q: Please see an attachment
A: Approach to solving the question:Freeform Detailed explanation: Increasing the contingent workforce…
Q: Need help with this accounting question
A: Step 1: Define DividendDividend can be identified as the share of profit of investor for the part of…
Q: I need help.
A: First, let's organize the cost data:Beginning WIP:Direct Materials: $800Conversion Costs: $250Total:…
Q: Don't use AI.
A: REA Diagram for the gallery's revenue cycle:-REA Diagram for the gallery's Expenditure cycle:-Table…
Q: Question: 52 You are considering investing in Nuran Security Services. You have been able to locate…
A: The problem requires the determination of the ROE. Return on equity or ROE is a measure of a…
Q: Park company reported an increase of $370,000 in its account receivable during the year 2015.
A: Step 1: Define Components of receivables accountComponents of the receivables account denote the…
Q: A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity…
A: Explanation of Total Liabilities:Total liabilities represent the total amount of debt or obligations…
Q: Need Answer of this Accounting Question
A: 1.Note that the accounting equation states that Assets = Liabilities + Equity. Hence, if the…
Q: Sunland Shutters has the following inventory information. Nov. 1 Inventory 40 units @ $8.00 8…
A: Step 1: Calculate the cost of goods available for saleNov 1: 40 units x $8.00 = $320Nov 8: 100 units…
Q: General Accounting
A: Step 1: Define Return on equityReturn on equity is a profitability ratio that shows the financial…
Q: Solve this accounting problem
A: Step 1: Define Monthly compoundingMonthly compounding refers to the mode of compounding in which the…
Q: MCQ 4 MARKS
A: Explanation of Matching Principle: The Matching Principle is an accounting rule that ensures…
Q: dfg
A: Given Information:Service cost for 2024: $260,000Service cost for 2025: $350,000Year-end funding for…
Q: Oriole Company's inventory records show the following data: Unit Units Cost Inventory, January 1…
A: FIFO (First-In, First-Out) assumes that the oldest inventory items are sold first. Therefore, the…
Q: Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next…
A: Step 1: Introduction to budgetingBudgeting is defined as the process of preparing a financial plan…
Q: nkt
A: Given:Middleton Corp. lends $4,500 on September 1, 2021.The loan is for six months and carries an…
Q: Provide Answer Please Tutor
A: Step 1: Define Total Assets:Total assets are an important part of the accounting equation. Total…
Q: What is the stock price? For this accounting question
A: To calculate the stock price, we need to use the information provided and some basic financial…
Q: Provide step by step calculation and give correct answer
A: Step 1: Define Net Profit MarginNet profit margin expresses net profit as a percentage of sales. A…
Q: Question
A: Here's an explanation for each option in the context of asset classification:a)…
Q: Help
A: Explanation of Balance Sheet:The balance sheet is a financial statement that provides a snapshot of…
Q: Need answer with correct calculation
A:
Q: Please solve
A: To help Newman create a fund that will allow him to withdraw $24,390 annually for four years (from…
Q: Accounting Problem
A: Step 1: Introduction to depreciationDepreciation is referred to a method of expensing the cost of a…
Q: Answer this
A: Explanation of Current Assets: Current assets are assets that are expected to be converted into…
Q: Catena's Marketing Company has the following adjusted trial balance at the end of the current year.…
A: Explanation: Total assets can be calculating by adding the amounts of current assets and non-current…
Q: None.
A: 1. Determine the total cost:Purchase price: $480,000Closing costs: $10,000Total cost = $480,000 +…
Q: Which account will have a debit balance? a) Sales Revenue b) Accounts Payable c) Accumulated…
A: Explanation of Sales Revenue:Sales revenue represents the income earned by a company from selling…
Q: Need help
A: Explanation of Par Value:The par value (or face value) of a bond is the amount that the issuer…
Q: Need Answer with all working steps
A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a method of allocating…
Q: What is the required rate of return? On this accounting question
A:
Q: What is the net present value for the investment? Of this accounting question
A: Step 1: Define Net Present ValueWhile evaluating a single project using the net present value…
Q: Hi expert solve this question. Accounting
A: Step 1:- Define Net SalesSales consist of cash sales and credit sales. The cost of sales returns,…
Q: What is the total dollar return?
A: The problem requires the determination of the total dollar return. Total return is a metric that…
Q: financial Account
A: To calculate the cost of equity for Ding Inc., we can use the Gordon Growth Model (also known as the…
Q: General accounting
A: The sustainable growth rate (SGR) of a company indicates the rate at which it can expand its…
Q: What is a good response to? A DoS attack is when legitimate users cannot access information systems…
A: A good response to this statement could acknowledge and expand on the key points made about the…
Q: ITR?
A:
Q: Provide Answer of this General Accounting Question
A: Question 1:a) Price VarianceGiven:Actual Quantity (AQ) of materials purchased: 42,200 gallonsActual…
Q: Need Answer please let me know how to Solve this Accounting Question
A: Given: Fabrication DepartmentAssembly DepartmentSpeedboat1 direct labor hour3 direct labor hours…
Q: Which of the following is NOT an asset? a) Inventory b) Goodwill c) Accounts Payable d) Prepaid Rent
A: Explanation of Inventory:Inventory consists of goods a company holds for the purpose of sale in the…
Q: I need to get this answered ASAP for accounting!!!
A: Important notes:A reconciling item is a difference between balances from two sources that are being…
Q: Need answer please
A: The total return on an investment is calculated as the difference between the selling price and the…
Q: I need help big time with this accounting problem! PLEASE
A: 1. Sales and Receivables Entered at Gross Selling PriceJune 3 (Date of Sale)Journal Entry to Record…
Q: Piefer Company sells refrigerators with an embedded 3-year warranty. During 2022, Piefer sold 15,000…
A: Step 1: Introduction to warranty expenseWarranty expense refers to the estimated costs that could be…
Q: The Financial Accounting
A: Stock Return Calculations a. Required Rate of ReturnFormula:• Required Rate of Return = (D₁/P₀) + g…
Q: Which of the following describes a balance sheet?
A: Explanation of Balance Sheet:The Balance Sheet is a financial statement that presents a snapshot of…
Q: Marigold Company has the following inventory information. July 1 Beginning Inventory 20 units at $80…
A:
Provide Accounting Questions Solution Need Answer with Explanation
Step by step
Solved in 2 steps
- The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?Can you please give answer?Need help
- 8. Ploneer Company reported total manufacturing costs of $528.000, manufacturing overhead totaling $78,000, and direct materials totaling $96,000. How much is direct labor cost? a. Cannot be determined from the information provided. b. $276,000 C. $624,000 d. $354,000The following data is given for Mayfield Co.: Planned Costs Actual Costs and Hours and Hours Direct materials costs $100,000 $150,000 Direct labor costs $120,000 $160,000 Factory overhead costs $80,000 $100,000 Direct labor hours 15,000 17,000 Factory overhead is applied on the basis of direct labor hours. Compute the over(under)applied overhead: $_______________ overapplied, underapplied (circle one)Given help
- Dobosh Corporation has provided the following information: Cost per Unit $ 7.65 $ 4.25 $ 2.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling andadministrative expense $ 2.10 $ 1.15 Cost per Period $ 132,600 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 9,240 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 9,240 units? c. If 10,000 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. d. If 10,240 units are sold, what is the total amount of variable costs related to the units sold? a. Total product cost b. Total period cost c. Variable cost per unit sold d. Total variable costs $ 51,450 e. If 10,240 units are produced, what is the total amount of manufacturing overhead cost incurred? f. If the selling price is…Asplund Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $ 6.95 Cost per Period $ 3.60 $ 2.00 $ 20,800 $ 1.50 $ 0.45 $ 8,900 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,280 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,280 units? a. Total product cost b. Total period costTt.11.
- Jones Company has the following information: Total estimated manufacturing $200,000 overhead costs Total estimated direct labor costs 800,000 Actual direct labor costs 50,000 Actual manufacturing overhead 210,000 costs What is the predetermined overhead allocation rate based on direct labor costs as a single plantwide rate?NoneKason Company's actual manufacturing overhead is $2,800,000. Overhead is allocated on the basis of direct labor hours.The direct labor hours were 50,000 for the period. What is the manufacturing overhead rate? a. $56.00 b. $75.00 c. None of the above are correct. d. $47.00