Washington Co. has determined the following per unit amounts: Direct materials $32 Fixed selling and administrative Direct labor Desired ROI 45 Variable overhead $60 25 35 Variable selling and administrative 20 Fixed overhead 55 The cost base using the absorption-cost approach is
Q: Can you explain the process for solving this financial accounting question accurately?
A: Step 1: Definition of DuPont Formula ComponentsProfit MarginProfit margin is a measure of a…
Q: Hello tutor please given Financial accounting question answer do fast and properly explain all…
A: The principle of present value asserts that future monetary receipts hold a lesser value than an…
Q: I need help solving this general accounting question with the proper methodology.
A: Step 1: Definition of Variable Cost per Machine CycleVariable cost per machine cycle measures how…
Q: Financial Accounting Question please answer
A: Step 1: Define Activity-Based Cost AllocationActivity-Based Costing (ABC) assigns overhead costs to…
Q: I want to this question answer for General accounting question not need ai solution
A: To calculate the Operating Cash Flow (OCF) for Year 1, we use the formula:OCF = EBIT + Depreciation…
Q: Calculate the predetermined overhead rate
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is a planning tool…
Q: What is the company's break-even point in units ?
A: To find the break-even point in units, we need to calculate how many units the company needs to sell…
Q: The total direct labor variance is?
A: Explanation of Standard Labor Cost:Standard labor cost is the predetermined cost of labor that…
Q: Which of the following is a real account?a) Capital Accountb) Salaries Expense Accountc) Sales…
A: A real account is an account that deals with assets, liabilities, and equity and has a continuous…
Q: I need help with this financial accounting question using standard accounting techniques.
A: Step 1: Define Equity MultiplierEquity Multiplier is a financial leverage ratio that measures how…
Q: Accurate answer
A: Given:Total units = 800Total cost = $1,680,000Profit margin = 25% on sales Cost per unit = Total…
Q: Anderson Company sells inventory costing $24,000 to a customer for $38,000. Because of significant…
A: Under the installment sales method, profit is recognized as cash is collected, based on the…
Q: Can you provide the accurate answer to this financial accounting question using correct methods?
A: Step 1: DefinitionsConcept of Degree of Operating Leverage (DOL):The Degree of Operating Leverage…
Q: Can you solve this general accounting question with the appropriate accounting analysis techniques?
A: Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) measures how long…
Q: Please provide the solution to this general accounting question using proper accounting principles.
A: To find the total cost of Job W45 when it is completed in October, we need to add up the…
Q: I am looking for a reliable way to solve this financial accounting problem using accurate…
A: To calculate the contribution margin ratio, use this formula:Contribution Margin Ratio = (Sales -…
Q: Given the solution and accounting question
A: Step 1: Definition of Variable CostingVariable costing is a method of inventory valuation where only…
Q: I am looking for help with this financial accounting question using proper accounting standards.
A: Step 1: Definition of Contribution Margin (CM) Ratio The Contribution Margin Ratio is a financial…
Q: Can you explain the correct methodology to solve this general accounting problem?
A: Step 1: Definition of Ending AssetsEnding Assets refer to the total value of all resources owned by…
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Net IncomeNet income is the amount of profit a company earns during a specific…
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Overapplied or Underapplied OverheadOverapplied or underapplied overhead…
Q: How can I solve this financial accounting problem using the appropriate financial process?
A: Step 1: Definition of Gross Profit PercentageGross Profit Percentage (or Gross Margin Ratio) shows…
Q: The primary objective of financial accounting is to:a) Provide management with detailed reports for…
A: Explanation:The primary objective of financial accounting is to prepare financial statements—such as…
Q: I need guidance with this financial accounting problem using the right financial principles.
A: Step 1: Define Contribution MarginContribution Margin is the amount by which a company's sales…
Q: I am searching for a clear explanation of this financial accounting problem with valid methods.
A: Step 1: Definition of Gross Profit PercentageGross Profit Percentage (also known as Gross Margin…
Q: What is your contribution margin?
A: A. What is your margin loan amount?You bought 600 shares at $68 each.Total cost = 600 × 68 =…
Q: None
A: Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used to…
Q: Please show me the valid approach to solving this financial accounting problem with correct methods.
A: Step 1: Definition of Dividend YieldDividend yield measures the return an investor earns from…
Q: Quick answer general accounting
A: Step 1: Definition of Earnings Per Share (EPS) and Net IncomeEarnings per Share (EPS) represents the…
Q: I need help with this general accounting problem using proper accounting guidelines.
A: Step 1: Definition of Profit MarginProfit Margin measures how much of each dollar of sales is…
Q: Strudel Company reported 2008 sales ($ in millions) of $4,825 and a cost of goods sold of $3,560.…
A: Definition of Gross Profit:Gross profit is the difference between a company's net sales and its cost…
Q: I need Answer
A: Definition of Conversion Costs:Conversion costs are the combined costs of direct labor and…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures a company's ability to generate…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Define Flexible Budget Overhead CostsFlexible budget overhead costs adjust the variable…
Q: Need help with this question solution general accounting
A: To calculate the budgeted cost of goods sold (COGS) for August, we can use the following…
Q: Please help me solve this general accounting question using the right accounting principles.
A: Step 1: Define Break-Even Sales in UnitsBreak-even sales in units is the number of units that must…
Q: What is Joe and Jessie's AGI and Taxable Income for the year?
A: Below the find Joe and Jessie's AGI and Taxable Income. Step 1 Calculate Gross Income: Sources of…
Q: Can you provide the valid approach to solving this financial accounting question with suitable…
A: To calculate the net income for 2022, we use the basic accounting equation:Assets = Liabilities +…
Q: I need help in this accounting question. Thank You.
A: Part 3: Materials Quantity Variance CalculationThe materials quantity variance measures the…
Q: Can you explain the correct methodology to solve this general accounting problem?
A: Step 1: Definition of Direct Labor Rate and Predetermined Overhead Allocation RateThe Direct Labor…
Q: Custom Pools currently sells 420 Economy pools, 580 Standard pools, and 190 Premium pools each year.…
A: Note:Erosion happens when the introduction of new product causes decline in the sales of existing…
Q: Financial Accounting question
A: Note:The capital asset pricing model is used to estimate the expected return on stock based on its…
Q: Can you help me solve this general accounting problem with the correct methodology?
A: Step 1: Definition of Net Cash FlowNet Cash Flow is the difference between the cash inflows and cash…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Define Average Days in InventoryThe Average Days in Inventory (also called Inventory…
Q: General Accounting
A: Step 1: Definition of Contribution Margin per UnitContribution Margin per Unit refers to the amount…
Q: Please provide the correct answer to this general accounting problem using valid calculations.
A: Step 1: Definition of Disposal of AssetThe disposal of an asset occurs when a company removes an…
Q: Which of the following is considered a current asset? A) LandB) Accounts ReceivableC) EquipmentD)…
A: Current assets are assets that are expected to be converted into cash or used up within one year or…
Q: Financial Accounting: At an output level of 45,000 units, you calculate that the degree of operating…
A: Definition Degree of Operating Leverage (DOL):The Degree of Operating Leverage (DOL) measures the…
Q: Need help please
A:
Q: General accounting question and right solution
A: Step 1: Definition of Turnover (Operating Asset Turnover)Operating Asset Turnover is a financial…
The cost based using the absorption costing approch is
Step by step
Solved in 2 steps
- Overhead costs are assigned to each product based on __________________. A. the proportion of that products use of the cost driver B. a predetermined overhead rate for a single cost driver C. price of the product D. machine hours per productThe following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?The cost behavior patterns below are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the horizontal axes represent production in units, machine hours, or direct labor hours. In each case, the zero point is at the intersection of the two axes. Each graph may be used no more than once. Required: Select the graph that matches the lettered cost described here. a. Depreciation of equipmentthe amount of depreciation charged is computed based on the number of machine hours that the equipment was operated. b. Electricity billflat fixed charge, plus a variable cost after a certain number of kilowatt hours are used. c. City water billcomputed as follows: d. Depreciation of equipmentthe amount is computed by the straight-line method. e. Rent on a factory building donated by the citythe agreement calls for a fixed fee payment, unless 200,000 labor hours are worked, in which case no rent need be paid. f. Salaries of repair workersone repair worker is needed for every 1,000 machine hours or less (i.e., 0 to 1,000 hours requires one repair worker, 1,001 to 2,000 hours requires two repair workers, etc.).
- Using the following data, determine the unit product cost under variable costing. Units produced 1,000 Direct materials $6 Direct labor $10 Fixed overhead $6,000 Variable overhead $6 Fixed selling and administrative $2,000 Variable selling and administrative $22 $24 $28 $30 $2Learned Corporation has provided the following information: Direct materials. Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions a. Total product cost b. Total period cost Cost per Unit Cost per Period $ 5.80 $ 4.00 $ 1.60 c. Contribution margin per unit d. Total direct manufacturing cost e. Total indirect manufacturing cost $ 0.70 $ 0.60 Variable administrative expense Fixed selling and administrative expense Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,000 units? c. If the selling price is $23.30 per unit, what is the contribution margin per unit sold? Note: Round your answer to 2 decimal places. d. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. If 7,000 units are produced, what is the total amount of indirect manufacturing…Indirect cost allocationCalculate the overhead surcharges for material, manufacturing & admin based on the followinginformation (numbers in kEUR, unless stated otherwise):Information on direct costsDirect material costs 5,000Direct manufacturing costs 7,500 Information on indirect costsEnergy 2,100Maintenance 500Vehicles 360Material 240Manufacturing 1,200Admin 750 Information on cost allocationEnergy 15,000 MWh manufacturing, 3,500 MWh maintenance, 1500 MWh material, 1,000 MWh admin Maintenance 5 hrs vehicles, 35 hrs manufacturing, 5 hrs material, 5 hrs adminVehicles 3 cars material, 6 cars manufacturing, 21 cars admin
- Need help with this question solution general accountingNeed help with this accounting questionFinney Inc. has conducted an analysis of overhead costs related to one of its product lines using a traditional costing system (volume-based) and an activity-based costing system. Here are its results. Traditional Costing ABC Sales revenue $600,000 $600,000 Overhead Costs: Product RX3 $34,000 $50,000 ProductY12 36,000 20,000 $70,000 $70,000Explain how a difference in the overhead costs between the two systems may have occurred.
