264,000 / 25,000 hrs = $10.56 2650 hrs x 10.56 = $27,984 (d) Sum-of-the-years’-digits. n(n+1) = 10(11) = 55 10/55 x 264,000 x 1/3 = $16,000 9/55 x 264,000 x 2/3 = $28,800 Total = $44,800 (e) Double-declining-balance. 279,000 x 20% x 1/3 = $18,600 [279,000-(279,000x20%)] x 20% x 2/3 = $29,760 Total = $48,360 E11-9 (Composite Depreciation) Presented below is information related to Morrow Manufacturing Corporation. Machine | Cost | Estimated Salvage Value | Estimated Life (in years) | A | $40,500 | $5,500 | 10 | B | 33,600 | 4,800 | 9 | C | 36,000 | 3,600 | 8 | D | 19,000 | 1,500 | 7 | E | 23,500 | 2,500 | 6 | Instructions (a) Compute the rate of depreciation per year to be applied to the machines under the composite method. A: 40,500/10=4050 B: 33,600/9=3733 C: 36,000/8=4500 D: 19,000/7=2714 E: 23,500/6=3916 Total Straight-line depreciation = $18,913 Total Cost = $152,600 Depreciation Rate = 18,913/152,600 = 12.4% (b) Prepare the adjusting entry necessary at the end of the year to record depreciation for the year.
Find the number of customers that arrived in the 6th hour. F(x)= 2x+1 X=6 answer=13 F(6) =2*(6) +1 =12+1=13 5. The profit of an organization is calculated by the function P(x) = x2– 4000x + 7800000, where x is the number of units sold. If the net profit is 3800000, find the number of items sold. P(x) =x^2 – 4000x + 7800000 3800000 = x^2 -4000x + 7800000 answer: number of items sold= 2000 X^2-4000x+4000000=0 (x-2000) ^2=0 X=2000 P(2000) =3800000 6.
Margin of Safety (DOLLARS) Budgeted – break even = 100,000-62500= 37500 (Percentage) 37.500/100.000= 37.5% (Units) 37500/250= 150 3.Compute the company’s margin of safety in units assuming the proposal is accepted. Margin of Safety (Dollars) 137500-58929= 78571 (Units) 78571/275= 286 4. Compute the increase or decrease in profit assuming the proposal is accepted, show the contribution Income Statement for current and proposed. Present Proposed Sales 100,000 137500 Variable expense 64000 80000 CM 36000 57500 Fixed cost 22500 244750 Net income 13500 32750 difference: 19250 4a. What is the operating leverage for the current and proposed?
Amounts Variable overhead: Price variance $ (0%) (0%) Efficiency variance $ (0%) (0%) Fixed overhead: Price variance $ (0%) (0%) ________________________________________ P16-45 Overhead Variances (L.O. 5, 6) Lima Parts, Inc., shows the following overhead information for the current period: Actual overhead incurred $ 29,400 2/3 of which is variable Budgeted fixed overhead $ 8,640 per
100. g Al reacts with excess O2 to produce 150. g Al2O3 according to Calculate the theoretical and percentage yield. 4Al + 302 → 2 Al2O3. 79.4 % 14. Calculate the energy produced by the complete reaction of 150. g H2. 2H2 + O2 → 2H2O + 130KJ 4.83 x 103 kJ 15.
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
Ratio Analysis Memo for Riordan Manufacturing, Inc. By Teri N. Owens University of Phoenix XACC/291 STEVEN GERMAN November 23, 2014 * Liquidity ratios 1. Current ratio $14,524,790 / $2,750,057 = 5.3% 2. Acid-Test $5,605,347 / 2,750,057 = 2.03 3. Receivables turnover 12564004 / 2669824.5 = 4.7 times 4. Inventory turnover 56,534,254 / 8,517,203 = 6.6 * Profitability ratios 5.
Quantity | TR | TC | TR-TC | 0 | $0.00 | $10.00 | -10 | 1 | $150.00 | $30.00 | 120 | 2 | $290.00 | $50.00 | 240 | 3 | $420.00 | $80.00 | 340 | 4 | $540.00 | $120.00 | 420 | 5 | $650.00 | $170.00 | 480 | 6 | $750.00 | $230.00 | 520 | 7 | $840.00 | $300.00 | 540 | 8 | $920.00 | $380.00 | 540 | 9 | $990.00 | $470.00 | 520 | 10 | $1050.00 | $570.00 | 480 | 11 | $1100.00 | $680.00 | 420 | 12 | $1140.00 | $800.00 | 340 | 13 | $1170.00 | $930.00 | 240 | 14 | $1190.00 | $1070.00 | 120 | 15 | $1200.00 | $1220.00 | -20 | 2. In marginal revenue to marginal cost looks at the amount each unit adds to the total revenue and the total cost, then compared. Once the marginal revenue is equal to the marginal cost, and then profit maximization has been met. Profit maximization is highlighted in green in the chart below to indicate profit maximization. Quantity | TR | TC | MR | MC | 0 | $0.00 | $10.00 | - | 10 | 1 | $150.00 | $30.00 | 150 | 20 | 2 | $290.00 | $50.00 | 140 | 20 | 3 | $420.00 | $80.00 | 130 | 30 | 4 | $540.00 | $120.00 | 120 | 40 | 5 | $650.00 | $170.00 | 110 | 50 | 6 | $750.00 | $230.00 | 100 | 60 | 7 | $840.00 | $300.00 | 90 | 70 | 8 | $920.00 | $380.00 | 80 | 80 | 9 | $990.00 | $470.00 | 70 | 90 | 10 | $1050.00 | $570.00 | 60 | 100 | 11 | $1100.00
Stony Brook University 2014 BUS 210 Final Projects Elker Fashions Incorporated & Louda Company Justin Thomas 108684984 Financial Accounting Stony Brook University 2014 BUS 210 Final Projects Elker Fashions Incorporated & Louda Company Justin Thomas 108684984 Financial Accounting | Account Title & Explanation | Debit | Credit | 31-Dec | Depreciation Expense | 12000 | | | Accumulated Depreciation | | 12000 | | (Record Depreciation on Building) | | | | | | | 31-Dec | Depreciation Expense | 10000 | | | Accumulated Depreciation | | 10000 | | (Record Depreciation on Equipment) | | | | | | | 31-Dec | Interest Expense | 9000 | | | Interest Payable | | 9000 | | (Record Accrued
| Variable cost/ unit | Total Fixed cost | Total cost | Total cost/unit | Direct Materials | =450-300 600-400=0.75 | - | =375 | =0.75 | Direct Labour | =750-500 600-400=1.25 | - | =625 | =1.25 | Indirect Labour | = 220-180 600-400=0.2 | =180- (0.2×400)=100 | =200 | =0.4 | Indirect Materials | - | =300 | =300 | =0.6 | Electriciy | =135-115 600-400=0.1 | =115-(0.1×400)=75 | =125 | =0.25 | Factory Insurance | - | =125 | =125 | =0.25 | Other Overhead | =410-310 600-400=0.5 | =310-(0.5×400)=110 | =360 | =0.72 | Total | =2.8 | =710 | =2110 | =4.22 | b. Work out the detail on how Lee High put together his ‘useful data on Great Heath’ and the standardized cost information based on 500 units per week. Manufacturing cost 4.22 Administration cost Variable cost (commission) (7×10%) 0.7 Fixed cost (781/500) 1.56 2.26 6.48 Funny error 0.12 Total cost/ unit 6.60 The cost of goods sold per unit tended to fall when the sales increased because of the characteristic of the fixed costs. Fixed costs remained constant over wide ranges of activity for a specified time period. They were not affected by changes in activity.