Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.
Q: Belle Manufacturing has an unfavorable direct labor rate variance. Which of the following would be t...
A: Labor rate variance is the difference between actual and expected cost of labor. Unfavorable labor r...
Q: On 1-1-2011, the company REGAL purchased 30% of the outstanding voting shares of company ARON for $6...
A: Income reported by REGAL will be the the difference between the share in the net income less depreci...
Q: For each transaction indicate whether it should:
A: In accounting we follow double entry system. Each transaction has...
Q: Boracay Company manufactures desks with vinyl tops. The standard material cost for the vinyl used fo...
A: Material usage variance = (Actual quantity used - Standard quantity allowed)*Standard rate per squar...
Q: 1.Details the tax liability of corporations to the IRS.
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...
Q: Concord Inc. is a retailer using a perpetual inventory system. All sales returns from customers resu...
A: As we know that perpetual inventory system is system wherein inventory is counted continuously and e...
Q: 35 part c The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Com...
A: Step2 in solution.
Q: Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories....
A: Factory Overheads: Factory overheads are the expenses brought about during the assembling system, ex...
Q: Journalize the selected transactions. Assume 360 days per year. Description choices are: Accounts P...
A: The journal entries are prepared to record day to day transactions of the business on regular basis....
Q: Dusiness enterprise pays weekly salaries of $20,000 on Friday for a five-day week riod ending on Wed...
A: Solution: Adjusting entries are those entries which are made to match the revenues and expenses to t...
Q: Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the ...
A: Journal entries are used to keep proper books of accounts transactions. To make a journal entry, you...
Q: The following table shows income statement and balance sheet data for five U.S. industries in 2017. ...
A: Solution Cash cycle Expresses how manu days it takes a company to convert cash in to inventory and t...
Q: sed on the following data, prepare a bank reconciliation for December of the current year: a. Balan...
A: "Analysis and adjustment of differences between the cash balance shown on a bank statement, and the ...
Q: following transactions for 2021 from the books of the business. This company operates one bank accou...
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: Which of the following statements about intuitive approaches is/are false? -Ignoring or discounting...
A: The intuitive approach is the way people think or make decisions naturally and without any use of fo...
Q: hat amount should be reported as net cash provided by investing activities? 2. What amount should b...
A: Solution Working note Cash flow from operating activities Cash receipt from customers 2000000 ...
Q: Malaysia Inc. purchased a capital expenditure amounting to Php1,500 and reported revenue of Php125,0...
A: 1. Calculation of Tax Amount Particulars Amount Revenue 125,000 Less: Operating Expens...
Q: To prepare the statement of owner's equity, which of the following items from a worksheet are used?
A: The worksheet comprises of 10 columns and records Unadjusted Trial Balance, Adjustments, adjusted tr...
Q: Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or b...
A: Answer) SILVER Calculation of Material Price variance Material price variance = (Standard price per ...
Q: c. What is the total manufacturing cost of each vehicle if 100 vehicles are produced each month? 500...
A: Manufacturing cost is the total cost in production of product. It includes all the cost which makes ...
Q: At the end of year, was manufacturing overhead over- or under-applied? Refer to the previous questio...
A: Cost of goods sold (COGS) refers to the cost of goods and services which is sold by the company in a...
Q: Bramble Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock...
A: Treasury stock refers to such shares which were previously outstanding which have been bought back f...
Q: Chuzzle Company used the direct method to prepare the statement of cash flows. The entity had the fo...
A: Cash flow statement have three type of activity. Cash flow from operating activities,cash flow from ...
Q: Tripeaks Company used the accrual basis of accounting: December 31 January 1 8,000,000 100,000 7,500...
A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...
Q: Suppose you want to estimate your transportation expenses for the year. Explain how you could use th...
A: The credit card statement refers to as the record of the recent transactions, interest charges, acti...
Q: National Co. has a total annual cash requirement of P9,030,000 which are to be paid uniformly. Natio...
A: The question is related to Baumol Cash model. The optimum cosh conversion size is calculated with th...
Q: The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Pi...
A:
Q: Overhead spending variance is the difference between the * actual overhead cost and budgeted overhe...
A: Overhead spending variance = AH * ( AR - SR ) Where , AH = actual hours AR = Actual variable overhea...
Q: 4. Sovereign-Tea Company projected to make even monthly cash payments of P150,000 during the year. T...
A: First we need to calculate Optimum cash balance by using Baumol Model. The formula is C=2A*FO where ...
Q: Financial statements of public companies are required to be audited by O an independent certified pu...
A: As per Bartleby's answer guidelines. One question is answered Audit of Public companies: As per the...
Q: Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a con...
A: Income statement refers to a statement which shows the revenue and expense of the company of a parti...
Q: Prepare a monthly income statement that highlights the proposed sock line's segment margin. (Enter n...
A: Income statement refers to the financial document which is prepared for a particular period of time,...
Q: 1) Debts of $7,000 due 4 years ago from today, $5,000 due in 3 months from today and $6,000 due in 3...
A: Single Payment Value day will be the day when past payments and future payments will be combined for...
Q: If a company receives $12,600 from a stockholder, the effect on the accounting equation would be: Mu...
A: Cash received from stockholder =$12,600
Q: find the disclosures explaining the amounts paid to auditors. How much was the auditor paid for the ...
A: Reference: https://www.commbank.com.au/content/dam/commbank-assets/about-us/2021-08/2021-annual-repo...
Q: expected to be P250 per transaction. Determine the total relevant cost using the Baumol Model.
A: The cash management model of William J. Baumol According to Baumol's model, optimum cash level is a ...
Q: Required: i. Prepare the Statement of Profit or Loss and the Statement of Financial Position as at 3...
A: Statement of income shows all the income(s) earned by the organization. There are certain ways for c...
Q: SUMMARIZE THE CORE ISSUES for the following topic:- ISA 710, Comparative Information-Corresponding F...
A: International Standard on Auditing (ISA): The International Standard on Auditing (ISA) manages the a...
Q: The following information is available for the Higgins Travel Agency. After closing entries are post...
A: Retained earning opening balance = $132000 Net income = $46500 Dividends = $13600
Q: Required information (The following information applies to the questions displayed below) Warnerwood...
A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method.
Q: 20. Record the entry for write-off $ By the end of the year (December 31st); total accounts written ...
A: Solution:- Given, MB inc., allowances for uncollectible accounts has a beginning balance of $6,500. ...
Q: Many years ago James and Sergio purchased property for $945,000. Although they are listed as equal c...
A: Partnership agreements come in a variety of forms. For example, in a partnership, all partners star...
Q: What are 2 disadvantages of environmental accounting and 1 advantage of environmental accounting?
A: The term "environmental accounting," also known as "green accounting," refers to the modification of...
Q: Oscar Wylee Women Glass Ltd is a supplier of fashion women sunglasses. The audit report for the year...
A: Audit Responsibility The responsibility of the Auditing is to check and verify the transaction which...
Q: Question #10: Perpetual Inventory Using FIFO The following units of a particular item were availab...
A: First in first out: It refers to an inventory valuation method that is based on the assumption that ...
Q: . Johnnie Lazy has a Php47,000 capital balance in a partnership. He personally sells his interest to...
A: solution fact of the case Johnnie Lazy has a capital balance of 47000 in a partnership He personall...
Q: roblem #2 Admission by Purchase of Interest and Investment of Assets The capital accounts of Loida C...
A: The partnership comes into existence when two or more persons agree to do the business and further s...
Q: Use the following to answer questions 12 – 15 At December 31, KC Co reported accounts receivable of ...
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...
Q: What is 'fair value',and why is it relevant to consolidation accounting?
A:
Q: onsumer Reports (January 2005) indicates that profit margins on extended warrantie nost products. In...
A: The point estimate of population proportion is sample proportion. The point estimate is as follows: ...
ABC operates a consignment shop where she sells clothes for women and children. The average number of consignments sold per month is 1,000. The average material cost and the selling price of each consignment are $8 and $20, respectively.
The monthly fixed costs to run this business are given below:
Rental cost: $750
Utilities: $150
Advertising: $35
Insurance: $100
Labor cost: $4,000
Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.
Step by step
Solved in 2 steps with 2 images
- Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1,250 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut.Other costs are as follows.Advertising $200permonth Rent $1,100permonth Barber supplies $0.30 per haircut Utilities $175 per month plus $0.20 per haircut Magazines $25 per monthVin currently charges $10 per haircut.Instructions(a) Determine the variable costs per haircut and the total monthly fixed costs. (b) Compute the break-even point in units and dollars. (c) Prepare a CVP graph, assuming a maximum of 1,800 haircuts in a month. Use incre-ments of 300 haircuts on the horizontal axis and $3,000 on the vertical axis. (d) Determine net income, assuming 1,600 haircuts are given in a month.Sunland Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $1,440 per month. One of the barbers serves as the manager and receives an extra $520 per month. In addition to the base rate, each barber also receives a commission of $9.15 per haircut.Other costs are as follows. Advertising $240 per month Rent $1,100 per month Barber supplies $0.35 per haircut Utilities $185 per month plus $0.10 per haircut Magazines $35 per month Sunland currently charges $16 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut $enter a dollar amount rounded to 2 decimal places Total fixed $enter a dollar amount Compute the break-even point in units and dollars. Break-even point enter the Break-even point in units haircuts Break even sales $enter the Break-even…Megan's Bridal Shoppe is a bridal shop that offers wedding gowns. Each outfit sells for $1,000 on average, with variable expenses of $400 and fixed costs of $90,000. When 200 gowns are sold, what is the Bridal Shoppe's operational income?
- Crane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,310 per month. One of the barbers serves as the manager and receives an extra $560 per month. In addition to the base rate, each barber also receives a commission of$5.85 per haircut. Other costs are as follows. Advertising $300 per month Rent $950 per month Barber supplies $0.50 per haircut $170 per month plus $0.15 per haircut $30 per month Utilities Magazines Crane currently charges $13 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25) Total variable cost per haircut Total fixed Compute the break-even point in units and dollars. Break-even point haircuts Break even selesSandhill Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,430 per month. One of the barbers serves as the manager and receives an extra $600 per month, In addition to the base rate, each barber also receives a commission of $6.00 per haircut Other costs are as follows. Advertising $260 per month Rent $1.000 per month Barber supplies $0.50 per haircut Utilities $150 per month plus $0.10 per haircut Magazines $20 per month Sandhill currently charges $12 per haircut.Mark Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1,200 per month. One of the barbers serves as the manager and receives an extra $560 per month. In addition to the base salary, each barber also receives a commission of $6.10 per haircut.Other costs are as follows. Advertising $270 per month Rent $970 per month Barber supplies $0.40 per haircut Utilities $175 per month plus $0.10 per haircut Magazines $20 per month Mark currently charges $12.00 per haircut. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total unit variable cost per haircut $enter total variable cost per haircut rounded to 2 decimal places in dollars Total fixed costs $enter total fixed cost in dollars
- Matthew Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base salary of $1,490 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base salary, each barber also receives a commission of $10.40 per haircut. Other costs are as follows. Advertising $ 220 per month Rent $950 per month Barber supplies $0.50 per haircut Utilities $195 per month plus $0.10 per haircut Magazines $30 per month Matthew currently charges $20.00 per haircut.mpute the break-even point in sales units and in sales dollars. Break - even point haircuts Break-even point sales Break-even point Compute the break-even point in sales units and in sales dollars. Break-even point sales $ 3 Tauthooke sød Madis c haircutsKevin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,440 per month. One of the barbers serves as the manager and receives an extra $565 per month. In addition to the base salary, each barber also receives a commission of $8.50 per haircut. Other costs are as follows. Advertising $250 per month Rent $1,100 per month Barber supplies $0.35 per haircut Utilities $150 per month plus $0.15 per haircut Magazines $35 per month Kevin currently charges $15.00 per haircut. (a) Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut Total fixed costs $Kevin Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,440 per month. One of the barbers serves as the manager and receives an extra $565 per month. In addition to the base salary, each barber also receives a commission of $8.50 per haircut. Other costs are as follows. Advertising $250 per month Rent $1,100 per month Barber supplies $0.35 per haircut Utilities $150 per month plus $0.15 per haircut Magazines $35 per month Kevin currently charges $15.00 per haircut.
- Vin Diesel owns the Ayayai Barber Shop. He employs 6 barbers and pays each a base rate of $1,330 per month. One of the barbers serves as the manager and receives an extra $540 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $250 per month Rent $930 per month Barber supplies $0.30 per haircut Utilities $180 per month plus $0.20 per haircut Magazines $20 per month Vin currently charges $10.00 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut 2$ Total fixed Compute the break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 1,225.) Break-even point in units haircuts Break-even point in dollars 24Jason Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base salary of $1,480 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base salary, each barber also receives a commission of $10.55 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $260 per month $1,010 per month $0.30 per haircut $160 per month plus $0.15 per haircut $25 per month Jason currently charges $20.00 per haircut.Classical Glasses operates a kiosk at the local mall, selling s unglasses for $30 each. Classical Glasses currently pays $1,000 a month to rent the space and pays two full-time employees to each work 160 hours a month at $10 per hour. The store shares a manager with a neighboring kiosk and pays 50% of the manager’s annual salary of $60,000 and benefits of $12,000. The wholesale cost of the sunglasses to the company is $10 a pair. Q1. How many sunglasses does Classical Glasses need to sell each month to break even?