The standard cost for 10,000 bottles with the current data.

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Answer 1

Question

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

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On December 31, calculated the payroll, which indicates gross earnings for wages ($460,000), payroll deductions for income tax ($48,000), payroll deductions for FICA ($40,000), payroll deductions for United Way ($6,000), employer contributions for FICA (matching), and state and federal unemployment taxes ($4,000). Employees were paid in cash, but payments for the corresponding payroll deductions have not been made and employer taxes have not yet been recorded. Collected rent revenue of $2,100 on December 10 for office space that Sandler rented to another business. The rent collected was for 30 days from December 12 to January 10 and was credited in full to Deferred Revenue. Required: 1. & 2. Prepare the entries required on December 31 to record payroll, the collection of rent on December 10 and adjusting journal entry on December 31. 3. Show how any liabilities related to these items should be reported on the company’s balance sheet at December 31

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Answer 2

Question

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

Answer 6

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

Answer 7

Chapter 15, Problem 15.33BE

1.

To determine

To compute: The standard cost for 10,000 bottles with the current data.

Answer 8

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

Answer 9

2.

To determine

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

Answer 10

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

Answer 11

3.

To determine

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

Answer 12

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

Answer 13

4.

To determine

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 15 - Prob. 1QC Ch. 15 - Prob. 2QC Ch. 15 - Prob. 3QC Ch. 15 - Prob. 4QC Ch. 15 - Prob. 5QC Ch. 15 - Prob. 6QC Ch. 15 - Prob. 7QC Ch. 15 - Prob. 8QC Ch. 15 - Prob. 9QC Ch. 15 - Prob. 10QC

The standard cost for 10,000 bottles with the current data.

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To compute: The standard cost for 10,000 bottles with the current data.

To compute: The standard cost per batch of 10,000 bottles with a change in bottle design and production process.

To compute: The cost savings per batch by comparing the standard cost under both the scenarios & the number of batches required to equal the cost saving and cost of making changes.

To identify: The benefits from making the changes for using less plastic in the manufacturing of bottles, if there is any risk in making changes, and to recommend to the company if any.

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Chapter 15 Solutions