Total costs were $77,400 when 30,000 units were produced and $90,900 when 36,000 units were produced. Use the high- low method to find the estimated total costs for a production level of 32,000 units.
Q: FINANCIAL ACCOUNTING- MILFORD INC. HAS A DEBT-TO-EQUITY RATIO OF 0.80. IT HAS TOTAL SHAREHOLDERS'…
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio measures the proportion of a company's…
Q: posted in account
A: Terms:Cost: The price the store pays for the shoes ($46.50).Selling Price: The price the store sells…
Q: Use the data given below.
A: Step 1: Define Return on Assets (ROA)The return on assets ratio is a profitability ratio that gives…
Q: Refer to the Wall street journal article "Under Armor Faces U.S Inquiries" - from Novemver 4, 2019 -…
A: Detailed explanation:The "Fraud Exposure Rectangle" framework helps us understand different fraud…
Q: Q4. Prepare the Cash Flow Statement of Concha Limited for the year ended 31 December 2023. Please…
A: Step by stepCash Flows from Operating ActivitiesProfit before Tax: R 720,000Adjustments for Non-Cash…
Q: expert help need
A: Analysis of the SituationCarin receives life insurance proceeds in 10 installments of $15,000 each.…
Q: A company, GizmoTech produces two products: Gizmo A and Gizmo B. The company has identified three…
A: Compute the overhead rate per activity first.Activity Cost Cost driver Cost per cost driver (Cost…
Q: Star Garage Limited provides motor vehicle accessories and services for a wide range of vehicles in…
A: Start - Shipment Preparation:Shipping Department Preparation:The process begins when the Shipping…
Q: What is Hannah's debt to equity ratio? On these accounting question
A: Step 1: Define Debt to Equity RatioThere are various financial ratios used to measure the solvency…
Q: Need answer the financial accounting question please answer do fast
A: Step 1: Define Non-Interest-Bearing NotesNon-interest-bearing notes payable are liabilities that…
Q: calculate this account questions profit ratio
A: Step 1: Definition of Gross Profit RatioThe gross profit ratio measures the percentage of sales…
Q: 1) Harris Incorporated had the following transactions: On May 1, Harris purchased parts from a…
A: 1. Transactions Denominated in U.S. Dollars:Step 1: May 1 - Purchase of parts ($6,200)Debit…
Q: fix the last two boxes in red and replace the numbers with correct calculations
A: The Equipment is debited to recognize the asset because it has been expensed outright. The Equipment…
Q: In pushdown accounting, the acquired company's assets are? a) Kept at book value b) Averaged between…
A: Explanation of Pushdown Accounting: Pushdown accounting is a method where the new cost basis and…
Q: 105
A: Prime costs include direct materials and direct labor.Prime costs = Direct materials + Direct…
Q: On January 1, 2023, Bramble Company issued 1,560 of its $20 par value common shares with a fair…
A: Explained Above
Q: Solution
A: Explanation of Gross Profit: Gross profit is the difference between sales revenue and the cost of…
Q: Sabre Company has just completed a physical inventory count at year-end, December 31 of the current…
A: Hope you find the answer useful.
Q: Required information [The following information applies to the questions displayed below.] Melissa,…
A: Total Assets of the Partnership:Cash: $20,070Accounts Receivable: $0Stock Investment: $8,880Land:…
Q: select true options
A: Hope this helps
Q: Question:34 Perl Corp. applies to manufacturing overhead costs to products at a budgeted…
A: To calculate the bid price for the special order, follow these steps: Step 1: Calculate Total Direct…
Q: Financial Accounting Question answer step by step with explanation
A: Step 1: Define Notes PayableIt is the current liability of the organization, which are due for…
Q: Need help
A: Step 1: Compare Cost and Market for Each Item1. Small (100 units):Cost per unit: $114Market per…
Q: short account answer wanted
A: 1. Key Reasons for Purchasing Mutual Fund SharesMutual funds provide a practical and less risky…
Q: Solve these accounting question
A: Step 1: Define Long-Term DebtLong-term debt refers to a company's liabilities that are due in the…
Q: Pratt Company acquired all of the outstanding shares of Spider, Incorporated, on December 31, 2024,…
A: Explanation in the preparation of the consolidated balanced sheetTo prepare the consolidated balance…
Q: Prepare the Statement of Changes in Equity for the year ended INFORMATION The information given…
A: Hope You Find The Answer Helpful.
Q: Trini Company set the following standard costs per unit for its single product Direct materials (30…
A: 1. Direct Materials VariancesPrice Variance:Formula: Actual Quantity × (Actual Price - Standard…
Q: Accounting
A: Explanation of Trade Discount: A trade discount represents a reduction in the list price of goods…
Q: Discuss the accounting treatment for goodwill
A: Accounting Treatment for Goodwill:A. Definition and NatureGoodwill is an intangible asset…
Q: Problem
A: Explanation: Income statement is a financial reporting tool that records all the revenues earned by…
Q: niki.1
A: The Net Interest/Finance Cost is calculated by multiplying the Defined Benefit Obligation at the…
Q: need both this account requirements
A: a. Estimated Percentage of Idle Time 1. Formula: Estimated Percentage of Idle…
Q: Adjustments and additional information 1. Inventories, cost price R6 000, were donated to a local…
A: Adjustments:1. Inventory Donation:Deduct R6,000 from Trading Inventory.Record it as a donation…
Q: Is any of this even right?
A: Step 1:Income statement is includes all income and expenses. It represents profit of an organisation…
Q: Please Provide answer with step by step
A: Step 1: Define Gross Margin: Gross margin is the difference between sales revenue and cost of goods…
Q: What would be the adjusting entry recorded on December 31, 2017 on these general accounting…
A: Step 1: Define Deferred expensesIt relates to costs that have been incurred but will be expensed in…
Q: Required Information Problem 19-2A (Algo) Computing and recording Job costs; preparing schedule of…
A: 5-b).Inventories: April 30Inventories ParticularsAmount Add:Raw material inventory $60,200($83,200…
Q: Debt to assets ratio on these accounting question
A: Step 1: Define Debt to Asset RatioThe debt-to-assets ratio is a solvency ratio that illustrated the…
Q: Sweet Cole Inc. acquired the following assets in January of 2023. Equipment, estimated useful life,…
A: Step 1:In the Sum of Digits method, depreciation is charged using the sum of digits of the remaining…
Q: Help Answer Question 4A - 4B (Indicate each soultuion with 4A and 4B)
A: QUESTION 4A(i) FIFO (First-In, First-Out)FIFO, or First-In, First-Out, is a method where we assume…
Q: One thousand shares of $10 par capital stock issued for $15 per share will be presented on the…
A: Step 1: Define Shareholder's EquityA corporation's financial health and capacity to fulfill its…
Q: Do fast and step by step calculation with explanation for general accounting question
A: Step 1: Define Net SalesNet sales are reported in the income statement of a corporation and are used…
Q: ! Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4] [The…
A: 1. Calculate January's ending inventory and cost of goods sold using the periodic FIFO…
Q: Provide correct answer for these accounting question
A: Step 1: Define Absorption CostingAbsorption costing is also known as full costing which calculates…
Q: Whispering Company began operations on January 1, 2023, and uses the average-cost method of pricing…
A: Detailed explanation:Journal entry : Record increase in inventory value by debit Inventory $…
Q: Garden Sales, Incorporated, usually has to borrow money during the second quarter to support peak…
A: Explanation of Computations to solve the question1. Expected Cash Collections CalculationApril…
Q: Can you please answer this accounting question ?
A: Step 1: Define Margin CallInvestors investing money without using their own money by taking debt…
Q: Use the following information from XYZ Company's balance sheet:
A: Step 1: Define Debt-to-equity ratio Return on equity compares the total amount of money that the…
Q: General accounting Solve this question
A: Step 1:- Define Cost AccountingIn business and finance, cost accounting is an essential tool for…
Hi expart Provide answer this accounting question
Step by step
Solved in 2 steps
- Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Using the costs data from Rose Company, answer the following questions: A. If 15,000 units are produced, what is the variable cost per unit? B. If 28,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs? D. If 29,000 units are produced, what are the total variable costs? E. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? F. If 23,000 units are produced, what are the total manufacturing overhead costs incurred? G. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred? H. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?Based on the High-Low method, what is the total production costs if 6,500 units are produced?Find estimated total costs for production level...
- Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production.Using the cost data from Rose Company, answer the following questions:A. If 10,000 units are produced, what is the variable cost per unit?B. If 18,000 units are produced, what is the variable cost per unit?C. If 21,000 units are produced, what are the total variable costs?D. If 11,000 units are produced, what are the total variable costs?E. If 19,000 units are produced, what are the total manufacturing overhead costs incurred?F. If 23,000 units are produced, what are the total manufacturing overhead costs incurred?G. If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred?H. If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?The company has the following data: Fixed product cost is 10,000; Total Variable cost is 50,000; Variable selling expenses is 5,000; Fixed selling expense of 4,000; Fixed admin expenses is 8,000 and Direct materials is 20,000. Compute the total costIf the conversion cost is $110 per unit, the prime cost is $54, and the manufacturing cost per unit is $133, what is the direct materials cost per unit?
- Cool Pool has these costs associated with production of 24,000 units of accessory products: direct materials, $65; direct labor, $105; variable manufacturing overhead, $55; total fixed manufacturing overhead, $1,080,000. What is the cost per unit under both the variable and absorption methods? Variable Absorption Method Method Cost per unit $Net income under variable costing is P 30,000. Data shows: the total manufacturing cost per unit is P 20; total variable cost per unit is P 15 per unit and variable period cost is P 3 per unit. Beginning and ending inventories are 1,000 units and 1,500 units, respectively. What is the income under absorption costing?The total prime cost of a product was OMR3,900. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is five times the direct labor cost per hour. The fixed manufacturing overhead was OMR2,500. Assuming that direct labor hours were 400 and that the direct labor cost was 30% of direct materials cost, how much is the total manufacturing cost? Select one: O a OMR25,900 Ob. OMR23,400 O COMR6,400 d. OMR10,900 e. OMR25,000
- Bambam Inc. produces BingBong products. Cost data are as follows: Fixed selling cost of 200; variable product cost of 5 per unit; variable selling cost of 2 per unit and fixed overhead cost of 500. If the company will produce 500 units, what is the total cost?If direct materials are $8 per unit, direct labor is $4 per unit, variable manufacturing overhead is $6 per unit, and fixed costs are $12,000 for 6,000 units produced, then the total cost per unit under throughput costing isProvide the Correct answer
