EBK BUSINESS ANALYTICS
3rd Edition
ISBN: 9780135231906
Author: Evans
Publisher: VST
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Chapter A1, Problem 3PE
A new graduate has taken a job with an annual salary of
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Part A
Unique Schools Supplies & Uniforms (USSU) designs and manufactures knapsack bags for students. After
production, the bags are placed into individual cases, before being transferred into Finished Goods. The accounting
records of the business reflect the following data at June 30, 2024, for the manufacturing of bags for Debe High
School.
Inventory
Raw Materials
1/7/2023 30/6/2024
$230,000 $260,000
Work in Progress $348,300 $203,300
Finished Goods $632,900 $485,000
Other information:
Sales Revenue
Factory Supplies Used
Direct Factory Labor
Raw Materials Purchased
Plant janitorial service
Depreciation: Plant & Equipment
$5,731,000
75,000
792,000
560,000
37,000
186,000
Total Utilities
481,250
Production Supervisor's Salary
450,000
School Logo (for bags) Design Costs
26,000
Packaging Cases Cost
42,000
Total Insurance
168,000
Delivery Vehicle Drivers' Wages
181,500
Depreciation: Delivery Vehicle
53,290
Property Taxes
240,000
Administrative Wages & Salaries
801,250
1% of Sales Revenue…
Repsola is a drilling company that operates an offshore Oilfield in Feeland. Five yearsago, Feeland had a major oil discovery and granted licenses to drill oil to reputable,experienced drilling companies. The licensing agreement requires the company toremove the oil rig at the end of production and restore the seabed. Ninety percent ofthe eventual costs of undertaking the work relate to the removal of the oil rig andrestoration of damage caused by building it and ten percent arise through theextraction of the oil. At the Statement of Financial Position (SOFP) date (December 312025), the rig has been constructed but no oil has been extractedOn January 1st 2023, Repsola obtained the license to construct an oil rig at a cost of$500 million. Two years later the oil rig was completed. The rig is expected to beremoved in 20 years from the date of acquisition. The estimated eventual cost is 100million. The company’s cost of capital is 10% and its year end is December 31st. Repsolauses…
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Chapter A1 Solutions
EBK BUSINESS ANALYTICS
Ch. A1 - Develop a spreadsheet for computing the demand for...Ch. A1 - The Excel file Science and Engineering Jobs shows...Ch. A1 - A new graduate has taken a job with an annual...Ch. A1 - Example 1.2 in the chapter described a scenario...Ch. A1 - In the Accounting Professionals database, use...Ch. A1 - A company forecasts its net revenue for the next...Ch. A1 - A pharmaceutical manufacturer has projected net...Ch. A1 - The worksheet Base Data in the Excel file Credit...Ch. A1 - The Excel file Store and Regional Sales Database...
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- hello teacher please help mearrow_forwardansarrow_forward1 Of the total utilities, 80% relates to manufacturing and 20% relates to general and administrative costs. 2 Of the total insurance, 66% relates to the Factory Plant & Equipment & 33% relates to general & administrative costs. 3 The property taxes should be shared: 75% manufacturing & 25% general & administrative costs. Required: i) Calculate the raw material used in production by Unique School Supplies & Uniforms. ii) What is the total factory overhead costs incurred by Unique School Supplies & Uniforms during the period? iii) Determine the prime cost & conversion cost of the knapsacks manufactured. iv) Prepare a schedule of cost of goods manufactured for the year ended June 30, 2024, clearly showing total manufacturing cost & total manufacturing costs to account for. v) What is the selling price per knapsack if Unique School Supplies & Uniforms manufactured 925 knapsacks for the Debe High School and uses a mark-up of 25% on cost? vi) How does the format of the income statement for a…arrow_forward
- hi expert please help mearrow_forwardhelp me to solve this questionsarrow_forwardDigital advertising is all those paid dissemination, promotion, and communication techniques of a company or brand that are launched in the digital environment. The Internet makes different types of channels and platforms available to us that help us reach our potential audience. Digital advertising is a tool for promoting and disseminating goods and services through the Internet. Digital advertising is part of the digital marketing strategies, which are a large part of the total strategies made for virtual media. There are different digital advertising types: Paid media Organic media Briefly explain each of the paid and organic media, add examples, and select the one you consider works best, and why it is the best for you.arrow_forward
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