Winner Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $100,000. The budgeted number of nozzles to be inserted is 50,000. What is the budgeted indirect cost allocation rate for this activity? a. $2.50 b. $2.00 c. $3.00 d. $4.00
Q: Accounting question please provide answer
A: Step 1: Define Activity-Based Costing (ABC) MethodThe manufacturing overhead costs are common costs…
Q: 55.
A: Explanation of Non-Monetary Exchange:Non-monetary exchanges refer to transactions where goods or…
Q: Kansas company uses a stan...Accounting question
A: calculate the standard cost per unit of product, we need to determine the total standard cost for…
Q: General Account
A: Step 1: Formula Gross profit = Sales - Cost of goods sold Step 2: Substitution Gross profit = Sales…
Q: answer
A: Explanation of Cash Flow from Operating Activities (CFO):Cash Flow from Operating Activities (CFO)…
Q: provide answer this account questions. NO AI use strictly
A: BANDS Step 1: Calculate the goods available for sale COGS - Cost of goods available for sale…
Q: The accounting records of Rockness Company provided the data below ($ in 000s). Net income $…
A: The cash flow statement is divided into three sections: operating activities, investing activities,…
Q: None
A: Step 1:The cash purchase of plant assets is calculated as follows: Cash purchase = Ending balance -…
Q: not ai use please
A: First, we need to calculate the expected collection for each age group. This is done by multiplying…
Q: Need answer the accounting question please answer do fast
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: A company manufacturers 50,000 units of a product at a cost solve this question
A: Explanation: In the given case, we are required to calculate the gross profit from the data given in…
Q: Financial Account information is presented below: Operating expenses $ 59,000 Sales returns and…
A: Step 1: Definition of Gross Profit:Gross Profit represents the profit a company makes after…
Q: Find the tip amount of each person.
A: Step 1:To solve the problem of sharing tips equally:Given:Server tips: $420Bartender tips:…
Q: strictly NO AI use please answer me in this account query
A: Step 1: NRV/Net realizable value Net realizable value = Estimated selling price - Cost to complete…
Q: Financial accounting
A: Step 1: Define Direct Labor CostDirect labor cost is defined as the wages and payroll costs incurred…
Q: Please provide correct answer accounting question
A: Step 1: Define PurchasesPurchases are goods that a company buys for resale or for use in the…
Q: Greenbird bank lends money to hall company please answer this question ❓
A: Step 1: Identify the principal amountStep 2: Identify the interest rateStep 3: Calculate the time…
Q: Following the inventry
A: To calculate the ending inventory balance using the lower of cost or net realizable value (NRV)…
Q: I need answers accounting question
A: Step 1: Calculate Earnings Per Share (EPS) for 2017Since there are no preferred dividends, net…
Q: None
A: Revenue = $200,000Withdrawals = $40,000Salary Expense = $30,000Utility Expense = $1,000 Net Income =…
Q: Need help with this question solution general accounting
A: Explanation: In the given case, we are required to calculate the profitability index from the given…
Q: Provide answer
A: Explanation of Salvage Value: This is the estimated worth of an asset at the end of its useful life,…
Q: How much did Johnson and Johnson's earned revenues exceed its incurred expenses during the most…
A: In Q3 2024, Johnson & Johnson's revenue breakdown by segment highlights its diversified…
Q: i want to answer of this Question of Accounting Subject please solve it fast as posible
A: Step 1: Define Merchandise inventoryThe goods a business buys to resell to customers and generate…
Q: General account
A: Step 1: we first solve for the variable cost. We add the production which is $3 and the selling and…
Q: Want detailed explanation
A: In case you are not satisfied with what I provided above (or you just want to get some more ideas in…
Q: On January 1 20x1 , the kane manufacturing company purchased
A: Step 1: Define Accumulated DepreciationAccumulated depreciation aggregates the expense a company has…
Q: Provide answer this question financial accounting
A: Step 1: Define TurnoverTurnover ratios are also known as activity ratios. Turnover ratios can be…
Q: Milton Company reported inventory of $60,000 at the beginning of 2018. During the year, it purchased…
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Financial Accounting
A: Step 1: Define Debt to Equity ratioA firm uses debt and equity in order to raise capital for its…
Q: give answer for this account query
A: Steps to Apply the Lower-of-Cost-or-Market Approach:Compare the cost and market value for each…
Q: General Accounting Question please answer
A: Step 1: Define Income Tax PayableIncome tax payable is recorded in a current liability account…
Q: Hi expert can you solve this given cost account questions?
A: Step 1:Gross profit is difference between sales revenue and cost of goods sold.This is the profit…
Q: answer should be $___.
A: To calculate the liability for product warranties at the end of the month, we need to estimate the…
Q: Hello tutor please provide correct answer accounting question
A: Step 1: Define Debt to Equity RatioThe ratio of total debt relative to total equity is called the…
Q: Provide correct solution for this general accounting question
A: Step 1: Define DepreciationIn a business, a purchase cost of a fixed asset can be recovered during a…
Q: What is answer for this Question?
A: Explanation of Base Paint:Base paint is the primary paint used as the foundation in creating custom…
Q: Expert answer
A: Step 1: Introduction to consignmentConsignment refers to a business agreement where the owner of…
Q: Financial account
A: Step 1: Define Price Earning RatioPrice earning ratio of common stock is calculated by dividing the…
Q: General accounting
A: To calculate the Price-to-Earnings (P/E) Ratio for Dalmatian Corporation on March 31, 2017, we need…
Q: A company sold a machine that originally solution this question
A: Step 1: Define Gain on SaleA fixed asset is said to be sold at a profit when the sale value exceeds…
Q: Admire County Bank agrees to lend Crane Brick Company $590000 on January 1. Crane Brick Company…
A: Step 1:The journal entry to record the issuance of notes is as follows: DateAccount Titles and…
Q: Presented below is information related to plant assets, natural resources, and intangibles at year…
A: Step 1:Balance sheet is the statement prepared at last which shows that total assets are equal to…
Q: ANSWER
A: Explanation: In the given case, we are required to find out which firm has a greater Return on…
Q: Need help with this question solution general accounting
A: Step 1: Define SalesSales, also referred to a sales revenue or revenue, is the top-line monetary…
Q: Please provide answer the accounting question not use ai
A: Step 1: Define Owner's CapitalThe owner's capital account reflects the financial interest that the…
Q: The boston clothing accounting
A:
Q: The braxton co.has beginning long-term debt of $64500 solution this question
A: Step 1: Define InterestInterest is a charge against the company's profits mandating its payments…
Q: Please provide answer the accounting question not use ai
A: Step 1: Define Account ReceivableThe account is opened after selling goods and services to the buyer…
Q: Overhead 80000, direct Labor 120,000, Direct Materials 200,000
A: Explanation of Direct Materials: Direct materials are the raw materials that can be directly traced…
Hello tutor please provide correct answer accounting question not use
Step by step
Solved in 2 steps
- 13) Dalrymple Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $68,750. The budgeted number of nozzles to be inserted is 11,000. What is the budgeted indirect cost allocation rate for this activity? A) $0.16 B) $0.32 C) $1.16 D) $6.25A local engineering firm is bidding on a design project for a new client. The total budgeted direct-labor costs for the firm are $600,000. The total budgeted indirect costs are $800,000. It is estimated that there are 10,000 billable hours in total. a. What is the budgeted direct-labor cost rate? b. What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base? c. What should be the engineering firm bid on the project if the direct labor hours are estimated at 300 hours?provide correct answer for both
- Silver Faces, Inc., has done a cost analysis for its production of reflectors. The following activities and cost drivers have been developed: Activity Cost Formula Maintenance $15,000 + $4 per machine hour Machining $35,000 + $1 per machine hour Inspection $60,000 + $750 per batch Setups $1,000 per batch Purchasing $50,000 + $10 per purchase order What is the budgeted maintenance cost if there was production of 50,000 reflectors that will require 8,000 machine hours, 25 batches, and 15,000 purchase orders?A local engineering firm is bidding on a design project for a new client. The total budgeted direct-labor costs for the firm are $400,000. The total budgeted indirect costs are $600,000. It is estimated that there are 8,000 billable hours in total. Required: What is the budgeted direct-labor cost rate? What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base? What should be the engineering firm bid on the project if the direct labor hours are estimated at 300 hours?1.We need to develop and install ten printers drivers within 10 weeks for a budget of 100.000$. We should finish 1 printer per week with cost of 10.000 for each printer. At week 5, we finished installing 4 printers with an actual cost of 47500 $ Calculate the performance for this project in terms of cost and time by calculate the following: The budget cost of the work scheduled The budget cost of the work performed The actual cost of the work performed The cost variance The cost performance index
- Exercises: 5.Lasse has an ice-cream stall. The budgeted costs for the following year are as follows: - material (ice-cream, chocolate...) - rent - salaries - depreciation - interest - other overheads 45 000 23 320 79 300 5 400 6 100 2 900 a) How much is the overhead rate (without profit)? b) How much is the overhead rate, if the expected profit for the following year is 10 000 euros? c) How much should the price of an ice-cream serving be, if the direct costs are 1,20 euros. Use the overhead rate of b)?The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2019 were as follows: Static Budget Victor House-Mate Total Number sold 6,000 24,000 30,000 Contribution margin $1,560,000 $3,120,000 $4,680,000 Actual Results Victor House-Mate Total Number sold 5,000 35,000 40,000 Contribution margin $1,400,000 $4,130,000 $5,530,000 What is the total sales-volume variance in terms of the contribution margin? a. $1,170,000 favorable b. $850,000 unfavorable c. $1,260,000 favorable d. $320,000 unfavorableIf Activity X had a budgeted cost of $164,000 and a budgeted activity consumption of 8,000 engineering hours, what would the activity consumption rate be? $0.13 per hour $0.05 per hour $8 per hour $3 per hour $20.50 per hour
- The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House - Mate for residences. Budgeted and actual operating data for the year 2020 were as follows Static Budget Victor House-Mate Total 6,600 $1,560,000 27,000 $3,140,000 Number sold 33,600 $4,700,000 Contribution margin Actual Results Victor House-Mate Total Number sold Contribution margin 5,400 $1,400,000 38,000 $4,130,000 43,400 $5,530,000 What is the total flexible - budget variance in terms of the contribution margin? (Round intermediary calculations to the nearest dollar.) A. $4,408,000 unfavorable O B. $152,400 unfavorable O C. $1,274.400 favorable O D. $152,400 favorablea product cell for wallace company has budgeted conversion costs of $420,000 for the year. the cell is planned to be available 2,100 hours for production. each unit requires $12.50 of materials cost. the cell started and completed 700 units. the cell process time for the product is 15 minutes per unit. what is the cost(s) to be debited to finished goods for the period?Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) Supplies (variable) Utilities (mixed) $3,000 $4.00q $225 + $0.75q The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. How much utilities expense would be included in the planning budget? Multiple Choice O $1,725 $1,750 $1,650 $1,500