Assignment 1

Summary Data for April Support Department Support Departments Production Departments Information Research and Technology Travel Service Analysis Audit Tax Consulting Total IT: Number of employees TS: Number of trips 9 5 15 120 150 110 409 15 12 10 120 160 520 837 RA: Number of requests Costs to Allocate 15 10 4 125 120 280 554 $ 810,000.00 $125,000.00 $1,280,000.00 $ $ $ $2,215,000.00 Question Answer 1. Which of the following is the closest approximation of the sales forecast's upper confidence bound for the 1/1/2028 quarter? 2. Based on the graph and the breadth of the confidence intervals, which seems easier to predict, sales or income before extraordinary items? 3. What is the sales forecast's upper confidence bound for the 10/1/2027 quarter? 4. What is the forecast lower confidence bound for the 4/1/2027 quarter? 5. What is the forecast for income before extraordinary items for Nintendo for the quarter starting 10/1/2027?

Question17 Given the information shown below, what are the costs for the production labor category for the weekly sales estimate level of $20,000? Labor Category Management 10.0% Service % Cost to Production 15.0% Sanitation Total Sales Total 3.0% 3.0% 31.0% Weekly Sales Estimate $19,000 $20,000 $21,000 ??? 0,000. Т.

Midterm Exam One / Midterm Exam One / ACCT2121 yasserg Spring21 / al yell الوقت المتبقي 1:36:56 Company XYZ made total contribution margin of $600,000 and a net income of $110,000. The company also made a total gross margin of $450,000. Assume that the variable selling and ?($) administrative expenses were $200,000, how much is the fixed manufacturing cost 350,000 340,000 b C 140,000 490,000 .dO None of the given answers e O All of the following questions relate to the decision making function of management except None of the given answers a O Future oriented .b O Performance reports .c O BOlgeting

ZAD1 Sunshine Gardens overhead expenses are: 0.50 Indirect material pounds per unit Indirect material cost per pound Indirect labor hours $ 1.00 1.00 $ 16.50 Indirect labor rate per hour Variable maintenance per unit $ 0.75 $ 0.20 Variable utilities per unit Supervisor salaries $10,000 Maintenance salaries $ 9,000 Insurance $ 3,000 Depreciation $ 1,500 Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare a manufacturing overhead budget for each quarter.

Activity-Based-Costing Last month operating results:   A $000  B $000   C  $000 Total $000 Sales  250.00 470.00 620.00 1,340.00 Direct costs:         Cost of goods sold        200.00 329.00 527.00 1,056.00 Indirect costs:         SG &A (20% of DC) 40.00 65.80 105.40  211.20 Operating Profit/(Loss) 10.00  75.20   (12.40) 72.80   Revised Operating profit   A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct cost:         Cost of good sold 200.00 329.00 527.00 1,056.00 Indirect costs:           Shelf space costs 22.50 31.50 36.00 90.00 Handling costs 0 15.00 5.00 20.00 Coupon 3.00 0 12.00 15.00 Shrinkage 1.00 21.00 6.00 28.00 Other indirect costs 11.02 18.14 29.04 58.20 Total costs 237.52 414.64 615.04 1,267.20 Operating profits (Sales-total cost) (250.00-237.52) 12.48 (470.00-414.64) 55.36 (620.00-615.04)…

Question - Oman Environme ps://www.classmarker.com/online- Question 6 of 16 ABC Computers (January) Actual (OMR) Target (OMR) 277,350 Sales Turnover 325.000 Sales Tax (14%) 38,829 45,500 Net Turnover 238,521 279,500 Labor Costs 166.000 175,000 Other Costs 36.000 41.000 Gross Profit 36,521 63,500 If actual labor costs rise so as to halve their difference from the target, what will be the change in actual Gross Profit? O A) Falls by OMR 4,500 O B) Rises by OMR 4,500 O C) No overall effect O D) Rises by OMR 9.000 Next DOLL

Use the following information:   Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000         Production 2 (P2) 276,000         Total $ 849,000           a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.)   Question 2.   The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products.   Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700   $ 350,000 3,400   a. What percentage of joint cost is allocated to each of the three products using the…

1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12

Vehicle Production Numbers Model 3/Y 292,731 Model S/X 13,109 Total 305,840     Estimated Total Annual Overhead $3,727,000,000   Possible Cost Driver Information   Amount for Model 3 in Q4 2021 Amount for Model S in Q4 2021 Estimated Total Annual Amount Number of vehicles (units) 292,731 13,109 950,000 Direct labor hours 1,651,000 428,562 8,250,000 Number of machine hours 792,156 122,892 3,525,000 Factory square footage* 6,500,000 3,000,000 9,250,000 Number of setups 334,587 62,498 1,620,000 Number of inspections 6,425,896 1,825,694 33,150,000 Number of unique parts per vehicle* 7,400 8,800 8,750 Number of shipments 1,950 1,025 12,500 Number of engineering support calls 68,255 21,356 350,000 Number of parts 1,211,084,000 141,653,600 5,350,000,000 Number of engineering support hours 194,572 95,200 1,242,000 Number of unique…

Required Information [The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Cost Service 1 (51) $115,000 Service 2 (52) 47,000 Production 1 375,000 (P1) Production 2 (P2) Total 246,000 $783,000 Percentage Service Provided to S1 0% S2 P1 P2 25% 30% 45% 20 60 20 0 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? Service Department 1's Costs

p.mheducation.com 05 6 Saved Help S Whirly Corporation's contribution format income statement for the most recent month is shown below Sales (7,800 units) Variable expenses Total $ 249,600 140,400 Per Unit $ 32.00 18.00 Contribution margin 109,200 $14.00 Fixed expenses 55,600 $ 53,600 Net operating income Required: (Consider each case independently). 1. What would be the revised net operating income per month if the sales volume increases by 40 units? 2. What would be the revised net operating income per month if the sales volume decreases by 40 units? 3. What would be the revised net operating income per month if the sales volume is 6,800 units? 1. Revised net operating income 2. Revised net operating income 3 Revised net operating income

PROBLEM 14: MMM Company started operations in 2019. The following data are abstracted from the company's production and sales records: 2019 2020 2021 of units Number produced Number of units sold Unit production cost 116,250 108,750 P 4.50 P 5.20 P 5.80 900,000 120,000 75,000 101,250 97,500 Sales revenue 600,000 975,000 19. Using the FIFO cost flow assumption, the gross profit for the year ended December 31, 2021 is: PROBLEM 15: The following quarterly cost data have been accumulated for New DDD Manufacturing, Inc.: Raw materials, 1/1/2022 Purchases of raw materials 10,000 units at P6.00 8,500 units at P7.00 11,000 units at P7.50 Raw materials transferred to work in process Work in process, 1/1/2022 Direct labor Manufacturing overhead Work in process, 3/31/2022 21,500 units 5,600 units at P13.50 P 250,000 325,000 4,200 units at P13.75 20. If New Dehi uses the FIFO method for valuing raw materials inventories, compute for the cost of goods manufactured for the quarter ended March 31,…

content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis 75 Tumblers Sora per month Sales Revenue Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income Total Per Unit $ 2,250 $ 30 1,350 18 $ 900 $ 12 250 $ 650 In order to determine how much contribution margin is earned for each $1 of sales, what is the contribution margin ratio on your tumbler sales? Round to the nearest whole number. Select an option from the choices below and click Submit. ○ 29% ○ 40% ○ 250% Submit

Required information [The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Service 1 (51) Service 2 (S2) Production 1 (P1) Production 2 (P2) Total Service Department 1's Costs Cost $ 130,000 62,000 525,000 396,000 $ 1,113,000 1/3 1/3 Percentage Service Provided to S1 0% 20 52 25% 0 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction P1 30% 20 P2 45% 60

TB MC Qu. 11-53 (Algo) Cordner Corporation has two production departments...   Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows:       Proportion of Services Used by: Department Direct costs S1   S2   P1   P2   S1 $ 120,000       0.70   0.10   0.20   S2 $ 133,000   0.20       0.30   0.50   P1 $ 183,000                   P2 $ 176,000                      Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:   Multiple Choice   $55,200.   $0.   $26,600.   $53,200.

A 1 Original Data: 2 3 4 5 6 7 8 9 10 11 12 Part 1 13 14 15 16 Estimated MOH Estimated DLHS 28 29 B Selling price per unit Direct materials per unit Direct labour per unit Direct labour-hours per unit Estimated annual productio POR: 17 18 Sales 19 Less product costs 20 21 22 23 Total product costs 24 Product margin Direct materials Direct labour Manufacturing overhead 25 Units produced and sold: 26 Product margin per unit 27 $1,350,000 112,500 High Grade $212.50 $83.50 $30.00 1.00 75,000 High Grade D Professional $387.00 $212.00 $45.00 1.50 25,000 per DLHs Professional Total

EstimatedFixedCost   EstimatedVariableCost(perunitsold) Production costs:             Direct materials     $19       Direct labor     13       Factory overhead $261,300     10     Selling expenses:             Sales salaries and commissions 54,300     4       Advertising 18,400             Travel 4,100             Miscellaneous selling expense 4,500     4     Administrative expenses:             Office and officers' salaries 53,100             Supplies 6,500     2       Miscellaneous administrative expense 6,040     2       Total $408,240     $54     It is expected that 8,640 units will be sold at a price of $135 a unit. Maximum sales within the relevant range are 11,000 units. Required: Question Content Area 1.   Prepare an estimated income statement for 20Y7. Belmain Co.Estimated Income StatementFor the Year Ended December 31, 20Y7       $- Select - Cost of goods sold:           $- Select -       - Select -       - Select -…

Question 3 Ashale Botwe Ltd has the following cost and expense data for the year ending December 31, 2022. Direct materials (GHC) Work in process (GH¢) Finished goods (GH¢) Insurance factory Property taxes on factory building Materials purchases Sales Indirect materials Delivery expenses Sales commissions Indirect labour 1/1/22 Factory machinery rent Factory utilities Direct labour 30,000 80,000 110,000 Other items of revenue and cost during the year are as follows: (GHC) 31/12/22 20,000 50,000 120,000 Direct materials used b) Total manufacturing cost c) Statement of cost of goods manufactured d) Prime cost e) Conversion cost f) Cost of goods available for sale g) Cost of goods sold h) Gross profit i) Period cost j) Net income 14,000 6,000 205,000 1,500,000 15,000 100,000 150,000 90,000 40,000 ARI 65,000 350,000 24,000 35,000 300,000 Depreciation, factory building Factory manager's salary Administrative expenses For the year 2022, you are required to compute the following:

Question Completion Status: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month Food costs 73,904 25% of Sales Labor costs 45% of Sales Rent and Insurance $1500/month Supplies $2217/month Other expenses $3791/month OA. $51,733 O B. $22,171 O C. $7508 OD. $14,663 QUESTION 8 Calculate the profit margin from the last problem O A. 17.5% OB. 19.84% OC. 18.29% Click Save and Submit to save and submit. Click Save All Answers to save all answers OD.22.22%

Data table 1. Number of jobs billed 2. Selling price per job 3. Engineering labor-hours 4. Cost per engineering labor-hour 5. Engineering support capacity (number of jobs the firm can do) 6. Total cost of engineering support (space rent, equipment, etc.) 7. Engineering support-capacity cost per job $ $ $ 2019 300 3,400 $ 26,000 32 $ 650 175,500 $ 270 $ 2020 600 3,000 28,000 33 650 182,000 280

G 1. Compute the companys deg X Connect tent A https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&l Saved napter 05 Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs $2,160,000 1,728,000 $432,000 324,000 Pretax income $ 108,000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. Degree of operating leverage 3.0 ост 20 W

< Revenues Cost of goods sold Gross profit Gross profit as a percent of sales Customer 1 $130,000 Customer 2 000 $210,000 (113,400) $96,600 (81,900) $48,100 Activity Base Number of bid requests Number of shipments Number of standard items ordered Number of nonstandard items ordered Revenues 37% The administrative records indicated that the activity-base usage quantities for each customer were as follows: 15 25 46% 20 Customer 1 Customer 2 Customer 3 6 40 Customer 3 55 35 $180,000 (90,000) $90,000 65 50% 60 50 52 85 a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. Metroid Electric Customer Profitability Report For the Year Ended December 31, 20Y8 Customer 1…

Sales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing overhead is $120,500; and cost of goods sold before adjustment is $380,300. What is the actual gross profit?   Question 47 options:   $224,900   $320,000   $370,800   $345,400

Assume Digby Corp. is downsizing the size of their workdorce by 10% (to the nearest porson) next year from various strategic initiativos Digby is planning to conduct exit interviews to learn more about how they can improve in processes and increase productivity. The exit intervows are estimated to cost $100 por omployee in additional to normal separation costs of $5000 How much will the company pay in separation costs f those eot interviews are implomented next year? Soloct: 1 Submit Answer OSisa 100 OS1.422.300 Ossas.000 O s6s, 100

Sales 60,000 ACquestion Variable Overheads. 36,0000   Contribution 1,15,000   Fixed Overheads Profit 86400   Find out Profit-Volume Ratio and Break-even-point...   ( Handwriting solution not required...)

PROBLEM 14: MMM Company started operations in 2019. The following data are abstractedfrom the company’s production and sales records:  2019 2020 2021  Number of units  produced 120,000 116,250 101,250  Number of units sold 75,000 108,750 97,500  Unit production cost P 4.50 P 5.20 P 5.80  Sales revenue 600,000 900,000 975,000  Using the FIFO cost flow assumption, the gross profit for the year ended December 31, 2021 is:

ord Applicati... WP WileyPLUS B Bloomberg for Edu... 02:40:21 Mc Graw Hill x 9 Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $300,000, and direct labor costs to be $150,000. Actual overhead costs for the year totaled $330,000, and actual direct labor costs totaled $170,000. At year-end, the balance in the Factory Overhead account is a: F1 Multiple Choice $330,000 Debit balance. $170,000 Debit balance. $10,000 Credit balance. $340,000 Credit balance. F2 < Prev Saved F3 39 of 50 ㅊ DII F4 Frontline - Sign In R myRutgers Portal ⠀ Next Help F5 Save & Exit DOLL Submit O

Percentage Service Provided to Department Cost S1 S2 P1 P2 Service 1 (S1) $ 122,000 0 % 40 % 40 % 20 % Service 2 (S2) 54,000 25 0 25 50 Production 1 (P1) 445,000 Production 2 (P2) 316,000 Total $ 937,000 What percentage of S1’s costs is allocated to P1 and to P2 under the direct method?

Question Content Area At the end of the year, overhead applied was $3,772,000. Actual overhead was $3,472,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. decrease by $300,000 b. increase by $300,000 c. decrease by $600,000 d. increase by $600,000

Q – 5:​ Bettina Company incurs the following costs to produce and sell a single product. Variable costs per unit: Direct materials ​​​​​$15 Direct labor​​​​​​$7.5 Variable manufacturing overhead​​​$3 Variable selling and administrative expenses​$6 Fixed costs per year: Fixed manufacturing overhead . . . . . . . . . . . . . . . . . $45,000 Fixed selling and administrative expenses . . . . . . . $150,000 During the last year, 15,000 units were produced and 12,500 units were sold. The Finished Goods inventory account at the end of the year shows a balance of $63,750 for the 2,500 unsold units. Required: 1. Is the company using absorption costing or variable costing to cost units in the Finished Goods inventory account? Show computations to support your answer. 2. Assume that the company wishes to prepare financial statements for the year to issue to its stockholders. a. Is the $63,750 figure for Finished Goods inventory the correct amount to use on these…

Carnage outwards Debtors and Creditors Cash Lighting Factory power Sivar Trial balance as on 31 December 2010 Dr Administration salaries Sales rep's salaries Commission on sales $ 2.950 Drawings Capital as at 1.1.2010 Wages (direct 80,000, factory indirect $72,500) 162,500 Royalties Camage inwards (un raw materials) Purchases of raw materials Inventory of raw materials 1.1.2010 inventory of finished goods 1 1 2010 Work in progress 1.1.2010 Productive machinery (cost $140,000) Accounting machinery (cost €10.000) General factory expenses Rent Insurance General administration expenses Bank charges Discounts allowed 28,400 71,150 750 10,000 3.500 1,750 185,000 10,500 19.450 6.750 115,000 6,000 15.500 3,750 6,850 22,000 15,000 5,750 6,000 2,100 6,700 1.150 2,400 710,900 Cr t 500,000 62,500 148.400 710,900 Additional information inventory of raw materials 12.000, inventory of finished goods $20.000 work in progress $7,500 Lighting, rent and insurance are to be apportioned factory 5/6,…

ACCOunting 2207LUL Dashboard/ My courses / BUSS 104-2-20202 /MAKE UP TEST on 6th May 2021 FROM 11 TO 12 NOON (course all Chapters of testend test 2) / Makeup Test (06-05-2021 from 11:00 to 12: Noon) Question 7. Total Labour Cost is 315000 OMR. Tota Dabour fixed cost is 50000 OMR. Not vet Calculate Total labour Variable cost answered Marked out of Select one: 2.00 a. 165000 OMR P Flag question b. 105000 OMR C265000 OMR 50000 OMR

Problem 11-5 (IAA) Pro Tragie Company provided the following data for purchases and sales: Sla rela Purchases Unit cost Sales Revenue Ja. Ag Units Cost Units 250,000 540,000 1,125,000 4,000 7,000 12,000 280,000 630,000 1,200,000 50 2018 2019 2020 5,000 9,000 15,000 75 Required: Compute the gross income for 2020 assuming a FIFO cost formula.