Chapter 4, Problem 4.12DMP

Determine the predetermined factory overhead rate for these general accounting question

Ivanhoe, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks and then transmit this information to a smartphone. The cost structure to manufacture 20,400 Tri-Robos is as follows. Cost Direct materials ($51 per robot) $1,040,400 Direct labor ($39 per robot) 795,600 Variable overhead ($7 per robot) 142,800 Allocated fixed overhead ($29 per robot) 591,600 $2,570,400 Total Ivanhoe is approached by Tienh Inc., which offers to make Tri-Robo for $116 per unit or $2,366,400. Following are independent assumptions. Assume that $405,000 of the fixed overhead cost can be avoided. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Direct materials Direct labor Variable overhead Fixed overhead Purchase price +A Total annual cost $ Make +A $ Buy +A Using incremental analysis, determine whether Ivanhoe should accept this offer. The offer Net Income Increase (Decrease)

Please need answer the general accounting question

Current Attempt in Progress Manufacturing cost data for Sheridan Company are presented below. (a) Indicate the missing amounts for each letter (a) through (i). Direct materials used Direct labor Option A Option B Option C (a) $87,300 $79,850 48,800 47,800 Manufacturing 48,300 47,300 overhead Total manufacturing 177,375 costs Work in process 1/1/20 (b) 23,300 Total cost of work in 200,675 process Work in process (c) 37,031 12/31/20 Cost of goods $164,644 $ manufactured 49,550 (d) 182,875 (e) 206,175 (f) $ 37,551 (g) (h) (j)

Compute the net income for this financial accounting question

Metlock Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used $6,940 Drivers' salaries $17,280 Depreciation on delivery equipment 12,040 Advertising 5,080 Dispatcher's salary 5,400 Delivery equipment repairs 324 Property taxes on office building 980 Office supplies 702 CEO's salary 12,960 Office utilities 1,080 Gas and oil for delivery trucks 2,320 Repairs on office equipment 206 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Delivery service (product) costs Period costs $ AA

Current Attempt in Progress In alphabetical order below are current asset items for Skysong Company's balance sheet at December 31, 2025. Accounts receivable $184,000 Cash 56,800 Finished goods 83,600 Prepaid expenses 35,200 Raw materials 76,600 Work in process 79,800 Prepare the current assets section. (List Current Assets in order of liquidity.) SKYSONG COMPANY Balance Sheet (Partial) $ ASSETS $ $

Sharon Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Carla Vista Company's six divisions. Sharon made the following presentation to Carla Vista's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $25,300. The Other Five Divisions Percy Division Total Sales $1,663,000 $100,900 $1,763,900 Cost of goods sold 978,400 76,500 1,054,900 Gross profit 684,600 24,400 709,000 Operating expenses 528,500 49,700 578,200 Net income $156,100 $(25,300 ) $130,800 In the Percy Division, cost of goods sold is $60,100 variable and $16,400 fixed, and operating expenses are $29,100 variable and $20,600 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Sharon right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding the…

What were total sales for the year on these financial accounting question?