Your plant produces 100 snowmobiles per month. Direct costs are $2,000 per snowmobile. The monthly overhead is $90,000. What is the average cost per snowmobile with overhead? a. $2,000 b. $2,900 c. $29,000 d. $92,000
Q: Lancaster Holding purchased a group of assets for.... Please answer the general accounting
A: Step 1: Define Asset Allocation Based on Relative Market ValueWhen assets are purchased as a group…
Q: Zachary Manufacturing Company began operations on January 1. During the year, it started and…
A: Step 1: Identify costs related to product manufacturing (raw materials, production wages, and…
Q: The firm's profit equal?
A: To calculate the firm's profits, we need to find the difference between total revenue and total…
Q: Discuss the accounting treatment for business combinations. 5 POINTS
A: Definitions Related to Business Combinations1. Business CombinationsBusiness combinations occur when…
Q: SUBJECT:- GENERAL ACCOUNT Noninventoriable costs are charged against. in which the revenue is…
A: Detailed explanation: Costs that do not end up in the inventory are known as non-inventoriable…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Price Earnings (P/E) RatioThe Price Earnings (P/E) ratio is a financial metric…
Q: Explain the concept of earnings per share (EPS).
A: Earnings Per Share (EPS) in Greater DetailEarnings Per Share (EPS) is one of the most commonly used…
Q: It's a general accounting question please answer thank you
A: a) Determine Other Comprehensive Income (OCI)• Step 1: Identify the Unrealized Holding Gain arising…
Q: provide cost account ans....
A: To determine the amount of inventory purchased during the year, we use the formula for Cost of Goods…
Q: Need answer the financial accounting question
A: Step 1: Define Interest ExpenseInterest Expense is the cost incurred by a borrower for using the…
Q: Hello tutor please help me this question
A: Step 1: Definition of Gross Profit MarginThe gross profit margin is a profitability ratio that…
Q: What is the total amount of current liabilities??
A: Step 1: The current liabilities are identified if they are due within the next twelve months (12…
Q: I need solution
A: Detailed explanation:The revaluation of PPE must be carried out with sufficient regularity to ensure…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Yearly EarningsYearly earnings from savings represent the interest earned on…
Q: General Accounting get correct answer
A: Step 1: Define Labor Rate VarianceLabor Rate Variance (LRV) measures the difference between the…
Q: None
A: Explanation: The formula to calculate Gross profit ratio is as follows:Gross profit ratio = (Gross…
Q: Papa Roach Exterminators
A: Concept of Sales:Sales represent the total revenue generated from selling goods or services during a…
Q: Calculate the gross profit for jonas company
A: Step 1: Definition of Gross ProfitGross profit refers to the difference between net sales and the…
Q: 3 POINTS
A: Concept of Effective Interest Method:The effective interest method is a financial accounting…
Q: Cost Account Questions.
A: Given Data:Total material costs = $10,000 (this is not needed for our calculation of conversion…
Q: Given answer accounting question
A: To calculate the approximate real rate of return, we need to adjust the nominal return for…
Q: Please need answer this general accounting question
A: Approach to solving the question: Step 1: To get the percentage allocation we simply follow the…
Q: Get correct answer accounting questions
A: Step 1: Definition of Annual Interest RateThe annual interest rate reflects the rate charged over an…
Q: General Account
A: To calculate the materials quantity variance, we use the formula: Materials Quantity…
Q: Financial Accounting Question
A: Step 1: Define Job Order CostingIn a Job Order Costing System, the total cost of a job includes…
Q: Return on assets in 2023 ?
A: To calculate the Return on Assets (ROA), the formula is: ROA = Profit Margin on Sales × Asset…
Q: What is the opereting cash flow at this lavel of output? General accounting
A: Step 1: Definition of Operating Cash FlowOperating Cash Flow (OCF) is the cash generated from a…
Q: Please give me answer general accounting
A: Part 1: Calculation of Gross Profit on SalesGross Profit on sales = Net Sales - Cost of Goods Sold…
Q: Choose the right answer
A: Explanation of Contribution Margin:The contribution margin is the amount from each sale that remains…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Break-Even Sales AmountThe break-even sales amount is the level of sales…
Q: Do fast answer of this accounting questions
A: Average Inventory= (Opening Inventory+ Ending Inventory)/250,000= (Opening Inventory+…
Q: Please answer do fast and step by step calculation for this general accounting question
A: To determine which product Newton Enterprises should produce to maximize its net income, we need to…
Q: A company sells the following items: 1-Sep. Beginning balance 18 units @ 13 12-Sep. Purchase 30…
A: To calculate the Ending Inventory (EI) and Cost of Goods Sold (COGS) using both FIFO (First-In,…
Q: Give me true answer this general accounting question
A: Step 1: Define Break-Even Point and Required Sales for Target IncomeTo calculate the number of units…
Q: Subject: Financial Accounting
A: Explanation.The time value of money (TVM) concept states that money available today is worth more…
Q: Marigold Corp. uses flexible budgets. At a normal capacity of 22,000 units, the budgeted…
A: Step 1: Identify the ComponentsVariable Overhead Rate: Variable Overhead Rate per Unit=Normal…
Q: Mia Vision Clinic is considering an investment that required an outlay of $505,000 and promises a…
A: Cost of Capital:We can determine the cost of capital using the formula belowInitial Investment x…
Q: What is the total amount of current liabilities?? General accounting
A: Step 1: Current liabilities are identified by the duration of payment. If it is payable within 12…
Q: Mia Vision Clinic is considering an investment that required an outlay of $505,000 and promises a…
A: Explanation of Initial Investment (Outlay):The initial investment, also called the outlay, refers to…
Q: Problem related to Accounting
A: In the concession arrangement, the operator operates and manages the infrastructure controlled by…
Q: General Accounting
A: a) To find stockholder's equity, let's identify and sum all the equity accounts:Common stock:…
Q: What is the equity multiplier?
A: The **Equity Multiplier** is a financial leverage ratio that shows the proportion of a company's…
Q: Answer this cost accounting question
A: Explanation of Full Costing:Full costing, also known as absorption costing, is an accounting method…
Q: What is bucket manufacturing 's operating leverage on these general accounting question?
A: Step 1: Define Operating LeverageOperating Leverage measures how a company's net income changes with…
Q: Bartletts Pears has a profit margin of 8.20 percent on sales of $24,300,000. If the firm has a debt…
A: Given:Profit margin = 8.20%Sales = $24,300,000Total debt = $10,400,000Total equity = $21,000,000…
Q: At the end of June 2024, Harbor View Consulting... Please answer the general accounting
A: Step 1: Identify the formula for net incomeStep 2: List the revenues and expensesStep 3: Total the…
Q: ?? General account
A: Calculation of Total Cost per unitTotal Cost per unit = Unit Material Cost + Unit Conversion Cost…
Q: Equipment $957,500
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method used to allocate…
Q: Quick answer of this accounting questions
A: The division's turnover ratio is calculated as follows: Turnover ratio = Sales / Average operating…
Q: ?? Financial accounting question
A: Present Value = Future Value / (1 + Interest Rate)^Number of Years Using the given values:Present…
?? Financial accounting question
Step by step
Solved in 2 steps
- Your plant produces 134 snowmobiles per month. Direct costs are $2,540 per snowmobile. The monthly overhead is $87,000. What is the average cost per snowmobile with overhead? Solve the problemSummer company manufactures beach chairs. $ 4.00 of direct materials are needed for each chair. Labor is $ 15 an hour. The company manufactures 3 chairs per hour. Indirect costs are $ 9.00 per hour. Commissions to sellers are $ 2.00 per unit sold. The cost of a chair will be:A concrete hollow blocks (CHB) plant has an overhead cost of P150,000 per month. The material cost is P3.75 per unit and labor cost P2.25 per unit. How many units should be made per month to break-even if the selling price is P7.50 per unit.
- Need helpA manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.1.what is the cost pf lobor required to operate the production line per month 2.If you require astorage area of 600 sq.ft and with an average rent $12 per sq.ft/month what is the estimated cost of rent per month for the production line including the storage area.(Rounded to the nearest $1000). 3.how many operators do you need for the production line. 4. what is the cost of buying and installing the production line.
- machine is being considered for the production of a part , the material cost is 15% per part and the 15$ hour and the overhead rate is 10$ per per hour. the production rate for the machine is 250 part per hour, percent of parts rejected is 16%. calculate the profit generated by the machine per dayTerra Nova, Inc. has the capacity to rewire 300 vehicle wiring harnesses per day. The expected number of vehicles needing to be rewired per day is 225. The company is paid $26 for each wiring harness rewired. The fixed cost of renting the rewiring equipment is $250 per day. The vehicle bays space rents for $150 per day. The cost of materials is $18 per vehicle and labor costs $3 per wiring harness. What is the break-even number of wiring harnesses rewired per day?o make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Use the information provided to create a standard cost card for production of one glove box switch, in the format given below: