to service a minimum
Q: Question Eight Inter Company had the following accounts from the adjusted trial balance at June 30,…
A: The Post-closing trial balance is a summary of the permanent account. It is prepared after preparing…
Q: On December 31, 2021, EOS Co.'s shareholders' equity consisted of the following: 8%, cumulative…
A: Book value of preference share Where any interest or dividend is remained to be distributed for any…
Q: 5. Lemuel Office Equipment Corporation manufactures two types of filing cabinets-Deluxe and…
A: 1. Unit manufacturing cost can be calculated by adding up all the direct material cost, direct labor…
Q: Pear, an individual, plans to start a small business, which will operate as a corporation. In year…
A: As per the given details please refer to the below answer:- Q1 :- Option 4 " $ 502,640" is correct…
Q: 6. The following data are for the two products produced by Johan Company. Product A Product B P24…
A: Note: As per our guidelines, only the first three subparts will be answered. 1. Total overhead…
Q: Sarasota, Inc. provided the following information: July August Projected sales $234,000…
A: The cash disbursement is calculated as total cash payment made during the given period.
Q: firm is considering purchasing computers that will reduce annual costs by P40,000. The Computers…
A: The overall cost incurred as a result of producing an extra unit of product is known as incremental…
Q: b. Applying the 2022 Social Security benefit formula, calculate the monthly social security benefit…
A: Social security benefit = 90% of first $1024 of AIME + 32% of any amount over $1024 less than $6172…
Q: Assets = Liabilities + (Owner, Capital - Owner, Withdrawal + Revenues - Expenses) 2. What is a…
A: The question is related to Basic of Accounting and details are given. Since you have posted a…
Q: Rerun Manufacturing Company is in the process of preparing its 2020 budget and is anticipating the…
A: Estimated net sales is the amount of sales which is estimated to be sold in 2020. It is calculated…
Q: Problem 8-2 (IAA) On October 1, 2021, Home Company issued to Security Bank a P6,000,000, 8-month,…
A: Note Payable: Note payable arises when an entity raises a note to third party instead of paying…
Q: FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available…
A: Under FIFO Method value of balance inventory is calculated after each transaction of purchase or…
Q: In tax year 2021-22, Class 2 NICS are payable by monthly or quarterly direct debit at a flat rate of…
A: P11D: A P11D is the structure used to report costs and advantages paid to directors and workers…
Q: An alien received P400,000.00 rental income from his property abroad and P200,000.00 compensation…
A: Income tax is the amount which is to be paid by the income earner as per the tax brackets. These tax…
Q: What is the interest income for the year 2023? How much is the total proceeds of Squirtle for the…
A: Answer:
Q: Why is poverty related to infrastructure and service provision?
A: Poverty is a condition in which an individual or community lacks the financial resources and…
Q: How much was cash was distributed to the partners?
A: Dissolution of partnership is the process by which the relationship between the partners is…
Q: 1. The term of the lease is 7 years with no renewal option, and the machinery has an estimated…
A: Term of lease 7 years Cost of machinery $ 507,000 Guaranteed Residual Value $…
Q: 7. John contributed stock to his church in 2019. The stock was acquired in 1993 for $22,600 and had…
A: Contribution deduction shall be FMV of $30000
Q: The materials price variance should be computed when materials are purchased. Group of answer…
A: TRUE The materials price variance should be computed when materials are purchased.
Q: church $ 2,500 real estate taxes on primary residence $ 5,000 mortgage interest paid on primary…
A: In the US, taxes you pay to the national government, instead of to the state government: Benefits…
Q: Beth's business purchased only one asset during the current year (a full 12-month tax year). On…
A: The asset was placed in service on December 1 that is the fourth quarter. The asset is service…
Q: Velma and Keota (V&K) is a partnership that owns a small company. It is considering two alternative…
A: Internal rate of return is the method to find the estimate of the profitability of investments in…
Q: During the current income year, George received: salary and wages of $35,000 A bonus of $2500 from…
A: In this question, we will find out the George's assessable income for the current year ended 30 June…
Q: Which of the following statements concerning an operations list is true? 1) It is an engineering…
A: The conversion process of a company alludes to operations such as the fabrication or creation of…
Q: Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 7 Sale 42…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Which statement is FALSE?
A: ANSWER The Second Statement is FALSE As it establishes a mutuality of interest between KPMG and the…
Q: P Co is a much higher leveraged company providing greater finenciel risk for investors but potential…
A: Debt and equity form the company’s capital structure or how it finances its operations. Debt and…
Q: Required information (The following information applies to the questions displayed below.) On…
A: As per IAS 16 of IFRS Property plant and equipment The initial measurement of property purchased is…
Q: The TimpRiders LP has operated a motorcycle dealership for a number of years. Lance Is the limited…
A: given The TimpRiders LP has operated a motorcycle dealership for a number of years. Lance is the…
Q: QUESTION 10 Match the term on the left to the appropriate classification or description on the…
A: In this question, we are required to match the terms given in the left side with the description…
Q: The statement of financial position of L, M, and N just before liquidation shows the following:Cash…
A: Partnership characteristics includes: Existence of an agreement Existence of business Sharing of…
Q: Nichols Company uses the percentage of accounts receivables method for recording bad debts expense.…
A: Bad debts expense = Estimated uncollectible accounts - Beginning Allowance for doubtful accounts…
Q: Which of the following statements about the quality of earnings ratio is true? Multiple Choice…
A: Lets understand the basics. Quality of earning ratio indicates the cashflow from operating activity…
Q: are (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the…
A: The establishment of a petty cash fund is making cash available for small expenses that occur for…
Q: Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following…
A: T Accounts: A T-account is a graphical depiction of a general ledger, which is used to record the…
Q: Larson, Inc., manufactures backpacks. Last year, it sold 87,500 of its basic model for $15 per unit.…
A: Let us consider whole market = 100% Given market is expected to increase by 15% Therefore total…
Q: Given the following information for Smashville, Inc., construct a balance sheet:
A: Answer:
Q: k requested a projected income statement and cash budget for May. following information is…
A: A 1) Production Budget April May June Budgeted sales unit 600,000 500,000 600,000 ADD:…
Q: Kevin Montgomery Retail seeks your assistance to develop cash and other budget information for May,…
A: Solution... Ending inventory = 125% of next month's sales Ending inventory of April = Sales of…
Q: On January 1st 2020, the Tesla Company purchased 400 of the 1000 shares of the Spaceship Enterprise…
A: Journal Entry The purpose of preparing the journal entry to enter the required transaction which are…
Q: erials cost per unit of $140. The budgeted conversion cost for the year is $180,600 for 2,150…
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item…
A: FIFO & LIFO Method: First in, first out (FIFO) is an accounting approach in which assets that…
Q: Question Eight Inter Company had the following accounts from the adjusted trial balance at June 30,…
A: Closing entries are used to close the temporary accounts and transfer the balance to the permanent…
Q: Africa Traders is a registered VAT vendor and uses periodic inventory system. Africa Traders buys…
A: VAT is Value Added Tax. The basic sales price excluding VAT is…
Q: The management of Marigold Industries estimates that credit sales for August, September, October,…
A: The cash collection is done as per the collection schedule. Collection for October include 25% of…
Q: Practice question:
A: ANSWER No, I disagree with the statement that ''Having competent technical talents and capabilities…
Q: olesalers issued the following credit note: RG WHOLESALERS
A: Given: Date: 24 February 2021 CREDIT NOTE No: 5859 To: Africa Traders, 499 Tshwane Drive…
Q: Problem 8-9 (AICPA Adapted) On January 1, 2021, Heritage Company had a note payable to bank in the…
A: Payable is the amount of borrowed money that is to be paid in the future at a particular date. The…
Q: Which of the following variables are pro-cyclical?
A: Answer: Unemployment Rate and Labor force participation
Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $17. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $34. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,400 units, how many of each product should be made?
| Khaki shorts | fill in the blank 1 pairs |
| Khaki pants | fill in the blank 2 pairs |
Step by step
Solved in 2 steps
- Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how many of each product should be made?Salley is developing material and labor standards for her company. She finds that it costs $0.55 per pound of material per widget. Each widget requires 6 pounds of material per widget. Salley is also working with the operations manager to determine what the standard labor cost is for a widget. Upon observation, Salley notes that it takes 3 hours in the assembly department and 1 hour in the finishing department to complete one widget. All employees are paid $10.50 per hour. A. What is the standard materials cost per unit for a widget? 8. What is the standard labor cost per unit for a widget?Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
- Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how much will profits increase f 100 more hours of machine time can be obtained?Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour.
- Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many of each product should be made?Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) required on each machine are as follows: The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be sold, but up to 1,000 units of each of the other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1, 2, and 3 are 8, 6, and 9, respectively. a. Formulate and solve for the recommended production quantities. b. What are the objective coefficient ranges for the three components? Interpret these ranges for company management. c. What are the right-hand-side ranges? Interpret these ranges for company management. d. If more time could be made available on the grinder, how much would it be worth? e. If more units of component 3 can be sold by reducing the sales price by 4, should the company reduce the price?Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many pairs of khaki shorts should be made? a. buy the roll b. make the roll
- Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many pairs of pants should be made?Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 2,800 units, how many of each product should be made? Khaki shorts pairs Khaki pants pairs FeedbackRough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $15. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $30. If it is assumed that Rough Stuff has 4,740 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many of each product should be made? Khaki shorts pairs Khaki pants pairs
