Accounting Principles, Volume 2: Chapters 13 - 26
12th Edition
ISBN: 9781118978764
Author: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Publisher: WILEY
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Chapter 18, Problem 18.2BYP
(a)(1)
To determine
Earnings per Share: It is a mandatory term to be reported with the financials of a company in the annual report. It reflects the amount earned or lost on each outstanding common equity share. It is widely used to evaluate the performance of a business.
Price/Earnings Ratio: It depicts the relation of market price of a share to earnings per share of that company. The price/earnings ratio presents the market value of the amount invested to earn $1 by a company. It is major tool to be used by investors before the decisions related to investments in a company.
To determine: The percentage increase (decrease) in (i) net sales and (ii) net income
(2)
To determine
The percentage increase in (i) total assets and (ii) total common stockholders’ equity from 2012 to 2013.
(3)
To determine
To compute: The earnings per share and price-earnings ratio for 2013.
(b)
To determine
To analyze: The ratios and increase (decrease) computed in part (a).
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Please make a trial balance, adjusted trial balance, Income statement. end balance ,owners equity statement, Balance sheet , Cash flow statement ,Cash end balance
Activity Based Costing - practice problem
Fontillas Instrument, Inc. manufactures two products: missile range instruments and
space pressure gauges. During April, 50 range instruments and 300 pressure gauges
were produced, and overhead costs of $89,500 were estimated. An analysis of
estimated overhead costs reveals the following activities.
Activities
1. Materials handling
2. Machine setups
Cost Drivers
Number of requisitions
Number of setups
Total cost
$35,000
27,500
3. Quality inspections
Number of inspections
27,000
$89.500
The cost driver volume for each product was as follows:
Cost Drivers
Instruments
Gauge
Total
Number of requisitions
400
600
1,000
Number of setups
200
300
500
Number of inspections
200
400
600
Insructions
(a) Determine the overhead rate for each activity.
(b) Assign the manufacturing overhead costs for April to the two products using
activity-based costing.
Bodhi Company has three cost pools and two doggie products (leashes and collars). The activity cost pool
of ordering has the cost drive of purchase orders. The activity cost pool of assembly has a cost driver of
parts. The activity cost pool of supervising has the cost driver of labor hours. The accumulated data
relative to those cost drivers is as follows:
Expected Use of
Estimated
Cost Drivers by Product
Cost Drivers
Overhead
Leashes
Collars
Purchase orders
$260,000
70,000
60,000
Parts
400,000
300,000
500,000
Labor hours
300,000
15,000
10,000
$960,000
Instructions: (a) Compute the activity-based overhead rates. (b) Compute the costs assigned to leashes
and collars for each activity cost pool. (c) Compute the total costs assigned to each product.
Chapter 18 Solutions
Accounting Principles, Volume 2: Chapters 13 - 26
Ch. 18 - Prob. 1QCh. 18 - Prob. 2QCh. 18 - Prob. 3QCh. 18 - Prob. 4QCh. 18 - Prob. 5QCh. 18 - Prob. 6QCh. 18 - Prob. 7QCh. 18 - Prob. 8QCh. 18 - Prob. 9QCh. 18 - Prob. 10Q
Ch. 18 - Prob. 11QCh. 18 - Prob. 12QCh. 18 - Prob. 13QCh. 18 - Prob. 14QCh. 18 - Prob. 15QCh. 18 - Prob. 16QCh. 18 - Prob. 17QCh. 18 - Prob. 18QCh. 18 - Prob. 19QCh. 18 - Prob. 20QCh. 18 - Prob. 21QCh. 18 - Prob. 22QCh. 18 - Prob. 23QCh. 18 - Prob. 18.1BECh. 18 - BE18-2 Schellhammer Corporation reported the...Ch. 18 - Prob. 18.3BECh. 18 - Prob. 18.4BECh. 18 - Prob. 18.5BECh. 18 - Prob. 18.6BECh. 18 - BE18-7 Horizontal analysis (trend analysis)...Ch. 18 - Prob. 18.8BECh. 18 - Prob. 18.9BECh. 18 - Prob. 18.10BECh. 18 - Prob. 18.11BECh. 18 - Prob. 18.12BECh. 18 - Prob. 18.13BECh. 18 - Prob. 18.14BECh. 18 - Prob. 18.15BECh. 18 - Prob. 18.1DIECh. 18 - Prob. 18.2DIECh. 18 - Prob. 18.3DIECh. 18 - Prob. 18.1ECh. 18 - Prob. 18.2ECh. 18 - Prob. 18.3ECh. 18 - Prob. 18.4ECh. 18 - Prob. 18.5ECh. 18 - Prob. 18.6ECh. 18 - Prob. 18.7ECh. 18 - Prob. 18.8ECh. 18 - Prob. 18.9ECh. 18 - Prob. 18.10ECh. 18 - Prob. 18.11ECh. 18 - E18-12 For its fiscal year ending October 31,...Ch. 18 - E18-13 Trayer Corporation has income from...Ch. 18 - Prob. 18.1PCh. 18 - Prob. 18.2PCh. 18 - P18-3 Condensed balance sheet and income statement...Ch. 18 - P18-4 Financial information for Messersmith...Ch. 18 - Prob. 18.5PCh. 18 - Prob. 18.6PCh. 18 - Prob. 18.7PCh. 18 - Prob. 18.8PCh. 18 - Prob. 18.9PCh. 18 - Prob. 18.1BYPCh. 18 - Prob. 18.2BYPCh. 18 - Prob. 18.3BYPCh. 18 - Prob. 18.4BYPCh. 18 - Prob. 18.6BYPCh. 18 - Prob. 18.7BYPCh. 18 - Prob. 18.1IFRS
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