Exercise 3-13. Costing Units Completed and Ending Work in Process: [LO 2,3,4] At the start of November, Penco Refinery had Work in Process inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The cost of the units was $43,000 ($30,000 of material cost and $13,000 of labor and overhead). During November, the company started 44,000 units and incurred $421,990 of material cost and $394,880 of labor and overhead. The company completed 45,000 units during the month, and 3,000 units were in process at the end of November.
d. increase by $1,400. status: incorrect (0.0) correct: a your answer: b feedback: Incorrect. [600 × $3] - [700 × ($8 - $6)] = $400 decrease ________________________________________ 3 The following information pertains to the Norfolk Company's three products: Assume that Product C is discontinued and the extra space is devoted to the production of Product A. Product A production is increased to 500 units per year, but the selling price on all units of A is reduced to $7.00. Assuming everything
Re: Eldridge v. Eldridge Modification of child support Statement of Facts: The client and her husband were divorced in 2006. Mrs. Eldridge was awarded custody of their two minor children. Mr. Eldridge was ordered to pay $700 dollars in child support every month. In January of 2007 Mr. Eldridge became unemployed until October of 2007 he was able to acquire a job as an electrician. During the time of Mr. Eldridge’s unemployment he did not make child support payments.
90 / $160 = 0.562556.25% $3,150,000 / 0.5625 = $5,600,000 is the break-even point in revenue per month. b. What is the break-even point in number of passenger train cars per month? The break-even point in number of passenger train cars per month is calculated below: 90 * 70% = 63 is the break-even average passenger per car. 35,000 / 63 = 555.55 556 is break-even point in number of passenger train cars per month.
The machine is expected to produce 675,000 finished products during its eight-year life. Smith produced 70,000 units in 2012 and 110,000 units during 2013. Required: 1) Determine the amount of depreciation expense to be recorded on the machine for the years 2012 and 2013 under each of the following methods: | |2012 |2013 | |a) Straight-line method |$16,875 |$16,785 | |b) Units of production method
Accounts Payable Home depot reported its January 31, 2010 accounts payable at $4,863,000 and on January 30, 2011 the same was reported the following fiscal year at $4,717,000. There is a loss of ($-146,000) which possibly indicates the repayment of construction loans, now that Home Depot now operates over 2,000 retail locations with 1,976 in the USA, 179 stores in Canada, 85 stores in Mexico and 8 stores in China. (Home Depot, 2011). Total Current Liabilities The total current liabilities for the home depot organization in January 31, 2010 was reported at $10,363,000 and the same was reported the following fiscal year on in January 30, 2011 at $10,122,000, once again there is a decrease from 2010 to 2011. Two Largest Current Liabilities
Each new employee was put through a 1-month training program, and was assigned to an existing employee for an entire month. Normally an existing employee would work 160 hours per month. However, when an employee was assigned to perform training of a new-hire, the productive work hours for that employee dropped to 80 hours per month. During the training period, the trainee was paid $2,000 for the month. At the end of that time, the monthly salary increases to the standard salary for a regular customer service representative which is $3,500 per month.
Sales for the year were £4,470. Stock at the beginning of the year was £130 and at the end of the year was valued at £500. Stock purchases during the year came to £3,000. Other expenses appearing in the
Product #1 is expected to earn no profit in the first year, $500 in the second year and $1,000 in the third year. Product #2 is expected to earn $500 per year for three years. Assume your cost of capital is 10%. Which product should you make? Present Value of #1 = $0 +
Esterline closed the year 2005 with revenues of $835 million and income from continuing operations of $51 million; compared to 2004 with revenues of $614 million and income from continuing operations of $29 million. (See Exhibit 1 for the detailed Esterline financial statements.) By the end of 2005, Esterline had 34 business units and employed 7,500 people. Facilities with decentralized responsibility for engineering, production, marketing, and sales, were located in 11 states3 and five countries4 outside of the U.S. According to analysts’ reports, 2006 revenues were likely to exceed $1 billion.