Ascertain the number of units that would need a warranty work.

Question

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Answer 1

Question

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

b.

To determine

Ascertain the future warranty costs.

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

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Chapter 15 Homework 13 Saved Help Save & Exit Submit Part 1 of 2 0.83 points eBook Ask Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 49,000 24,400 73,400 9,420 $ 82,820 c. Time tickets show the following labor used for the month. Print References Job 201 $ 40,000 Job 202 13,400 Total direct labor 53,400 25,000 $ 78,400 Indirect labor Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $166,160 on credit. g. Incurred the following actual other…

quesrion 2

Answer 2

Question

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

b.

To determine

Ascertain the future warranty costs.

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

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Answer 3

Question

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

b.

To determine

Ascertain the future warranty costs.

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

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Answer 4

Question

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

b.

To determine

Ascertain the future warranty costs.

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

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Answer 5

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

b.

To determine

Ascertain the future warranty costs.

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

Answer 6

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

Answer 7

Chapter 8, Problem 2AE

a.

To determine

Ascertain the number of units that would need a warranty work.

Answer 8

b.

To determine

Ascertain the future warranty costs.

Answer 9

b.

To determine

Ascertain the future warranty costs.

Answer 10

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

Answer 11

c.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs.

Answer 12

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

Answer 13

d.

To determine

Prepare the year-end adjusting entry for the estimated warranty costs, assuming if 25% of the estimated warranty work has already been occurred by the end of the current year, and describe the changes that would occur in the warranty cost, if management’s estimation of warranty work increases to 5% of units sold and the estimated warranty cost per unit increases to $120.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 8 - Prob. 1SSQ Ch. 8 - 2. Current liabilities (LO8-1) May include...Ch. 8 - Prob. 3SSQ Ch. 8 - 4. Express Jet borrows $100 million on October 1,...Ch. 8 - Prob. 5SSQ Ch. 8 - Prob. 6SSQ Ch. 8 - Prob. 7SSQ Ch. 8 - Prob. 8SSQ Ch. 8 - Prob. 9SSQ Ch. 8 - Prob. 10SSQ

Ascertain the number of units that would need a warranty work.

Ascertain the number of units that would need a warranty work.

Ascertain the future warranty costs.

Prepare the year-end adjusting entry for the estimated warranty costs.

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Chapter 8 Solutions