$75,330 C. $74,306 D. $46,070 P-1: Prepare journal entries in good form in the space provided to record the following transactions for the month of September. [pic] [pic] P-2: Dunn Corporation has the following operational data for the first six months of the year. [pic] Using the high-low method, estimate the variable cost per machine hour. Using the high-low method, estimate the total fixed costs. Write the cost formula for monthly maintenance costs.
Other costs include repair and maintenance, sales and production expenses. Regular monthly expenses are estimated at $1,415.74 for paying the employee salaries and other regular business expenses. The Business is expected to generate $136,000.00 in the first year and gross profit is expected to be $107,011.20. Customers. There is an average of 1,395,000 tax returns filed in Iowa every year (Average Refund by State).
One of the items was sold during the year. Required: Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory, assuming use of: a. LIFO b. FIFO c. Weighted average (total cost/total number) | |Cost of goods sold |Ending inventory | |LIFO |700 |800 | |FIFO |800 |700 | |Weighted Average |750 |750 | Problem 2. Teague Company purchased a new machine on January 1, 2012, at a cost of $150,000. The machine is expected to have an eight-year life and a $15,000 salvage value. The machine is expected to produce 675,000 finished products during its eight-year life.
ACCT 550 Week 7 Homework Chapter 11: E11-4, E11-9, E11-11, E11-17 E11-4 (Depreciation Computations—Five Methods) Wenner Furnace Corp. purchased machinery for $279,000 on May 1, 2012. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,000 units, and working hours of 25,000. During 2013, Wenner Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units. Instructions From the information given, compute the depreciation charge for 2013 under each of the following methods. (Round to the nearest dollar.)
Huffman Trucking thrives on its vision “to be a model company to [their] stockholders, employees, customers, and all stakeholders” (Huffman Trucking). Huffman Trucking has four locations across the United States and employees roughly 1350 employees. Some of the larger clients include the US Government and automotive part suppliers. Huffman Trucking uses 800 road tractors, 2100 fourty-five feet trailers, and 260 “roll-on/roll-off” units. Each employee and unit must be accounted for.
ACCT 311 Final Exam Solution https://hwguiders.com/downloads/acct-311-final-exam-solution/ ACCT 311 Final Exam Solution 1. XYZ Company sells appliance service contracts agreeing to repair appliances for a two-year period. XYZ’s past experience is that, of the total dollars spent for repairs on service contracts, 40% is incurred evenly during the first contract year and 60% evenly during the second contract year. Receipts from service contract sales for the two years ended December 31, year 2, are as follows: Year 1 | $500,000 | Year 2 | $600,000 | Receipts from contracts are credited to unearned service contract revenue. Assume that all contract sales are made evenly during the year.
BUS 630 Entire Course http://www.homeworkwarehouse.com/downloads/bus-630-entire-course/ BUS 630 Entire Course BUS 630 Week 1 BUS 630 Week 1 Assignment Case 2B Mendel Paper Company BUS 630 Week 1 DQ 1 Ethics in Cost Control BUS 630 Week 1 DQ 2 Fixed and Variable costs Ethics in Cost Control. (Exercise 1-9) Zoya Arbiser, regional manager of Gold Medal Sports Shops, is reviewing the results of 15 stores in her region. Store managers are moved annually. Each store manager’s income is very dependent on the direct contribution margin of that store. For the past year, Store 9 has been managed by a person who has operated several other profitable stores in recent years and is about to be promoted to a larger store.
CHAPTER 7, Case #1 BETHESDA MINING To analyze this project, we must calculate the incremental cash flows generated by the project. Since net working capital is built up ahead of sales, the initial cash flow depends in part on this cash outflow. So, we will begin by calculating sales. Each year, the company will sell 600,000 tons under contract, and the rest on the spot market. The total sales revenue is the price per ton under contract times 600,000 tons, plus the spot market sales times the spot market price.
Analyzing Pro Forma Statements FIN/571 0ct 18, 2014 Analyzing Pro Forma Statements This project is to analysis of the pro forma financial statements. Pro forma statements are projected or forecast financial statements as a result of long-term financial planning. The financial statements are based on the inputs and assumptions such as a certain percent of sales model in which most of the entries vary directly with the level of sales. The attached excel spreadsheet includes pro forma statements for the next five years. Sales revenue will be increased at twenty percent over the next five years.
325-203 Managing Operations Summer Semester Assignment: Zara Case Study Edwin Basile, Weidong Li 1. What are the key elements of Zara’s business operating model? Inventory management; Logistics; Zara’s logistical capabilities and how it distributes its inventory throughout the globe is another key element of the business operation model. The logistics model mainly consists of a mixture of stringent scheduling issues which factor in product packaging, shipment and modes of transportation. The current central warehouse in Spain distributed 400,000 pieces in a typical day (QUOTE CASE).