State whether order must be accepted by providing calculations.

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Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

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Coronado Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi- purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours x (54,000+ 10,200)]. Estimated annual manufacturing overhead is $1,566,090. Thus, the predetermined overhead rate is $16.26 or ($1,566,090 ÷ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identified six activity cost pools and related…

The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: Using the payroll registers, complete the General Journal entries as follows: February 10 Journalize the employee pay. February 10 Journalize the employer payroll tax for the February 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base. February 14 Issue the employee pay. February 24 Journalize the employee pay. February 24 Journalize the employer payroll tax for the February 24 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base. February 28 Issue the employee pay. February 28 Issue payment for the payroll liabilities. March 10 Journalize the employee pay. March 10 Journalize the employer payroll tax for the March 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base.…

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Answer 2

Question

Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

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Answer 3

Question

Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

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Answer 4

Question

Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

Answer 6

Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

Answer 7

Chapter 14, Problem 45P

1.

To determine

State whether order must be accepted by providing calculations.

Answer 8

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

Answer 9

2.

To determine

State whether the company can accept order and meet Corporation V’s deadline.

Answer 10

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

Answer 11

3.

To determine

State the options that Corporation J must consider if management wants to do business with Corporation V.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 14 - Prob. 1RQ Ch. 14 - Describe the managerial accountants role in the...Ch. 14 - Distinguish between qualitative and quantitative...Ch. 14 - Prob. 4RQ Ch. 14 - A quantitative analysis enables a decision maker...Ch. 14 - Prob. 6RQ Ch. 14 - Prob. 7RQ Ch. 14 - Prob. 8RQ Ch. 14 - Is the book value of inventory on hand a relevant...Ch. 14 - Why might a manager exhibit a behavioral tendency...

State whether order must be accepted by providing calculations.

Solution Summary: The author states whether order must be accepted since it earns a profit of 34,050 for the firm and fixed administrative cost is not relevant to the decision.

State whether order must be accepted by providing calculations.

State whether the company can accept order and meet Corporation V’s deadline.

State the options that Corporation J must consider if management wants to do business with Corporation V.

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Chapter 14 Solutions