FM’s Restaurant Charts Ver 6
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Column--Salary
FM's Restaurant
1311 Lakepoint Av.
website: fmrestaurant.com
Name
Salary
Jhon
$48,583
Paul
$52,572
George
$39,488
Ringo
$73,750
Diana
$32,581
Florence
$66,325
Mary
$33,813
Victória, BC. V9B0S7
2368823505 -
fmrestaurant@fmrestaurant.ca
FM’s
Restaurant
Jhon
Paul
George
Ringo
Diana
Florence
Mary
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$48,583
$52,572
$39,488
$73,750
$32,581
$66,325
$33,813
FM's Restaurant - Annual Salaries
StackedColumn--Medals
FM's Restaurant
1311 Lakepoint Av.
website: fmrestaurant.com
Department
Gold
Silver
Bronze
Total
Accounting
20
16
16
52
Human Resources
15
13
14
42
Training
8
8
12
28
Marketing
12
5
6
23
IT
4
6
8
18
Total
59
48
56
163
Victória, BC. V9B0S7
2368823505 -
fmrestaurant@fmrestaurant.ca
FM’s
Restaurant
Accounting
Human Resources
Training
Marketing
IT
0
10
20
30
40
50
60
20
15
8
12
4
16
13
8
5
6
16
14
12
6
8
FM's Restaurant - Corporate Olympics
Gold
Silver
Bronze
Pie--Revenue
FM's Restaurant
1311 Lakepoint Av.
website: fmrestaurant.com
Product/Service
Breakfast
$130,568
$139,708
$101,000
Lunch
$187,500
$210,000
$226,800
Afternoon Tea
$51,870
$56,020
$49,298
Dinner
$29,578
$33,719
$31,359
Private Party
$252,319
$257,365
$223,908
$651,835
$696,812
$632,365
Victória, BC. V9B0S7
2368823505 -
fmrestaurant@fmrestaurant.ca
Revenue
Year 1
Revenue
Year 2
Revenue
Year 3
FM’s
Restaurant
Breakfast
16%
Lunch
36%
Afternoon Tea
8%
Dinner
5%
Private Party
35%
FM's Restaurant - Revenue Year 3
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Odette Electronics has 90 operating plants in seven southwestern states. Sales for
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ACC200 PRINCIPLES OF ACCOUNTING III
ASSIGNMENT 4
EA1.
LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to
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Directions: Solve the given problem. Show complete solution.
7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount.
When he got back to Peñablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00
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HAKDOG CORPORATION
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Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home
delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the
number of deliveries made.
The pizzeria's cost formulas appear below:
Fixed Cost
Cost per
Cost per
per Month
Pizza
Delivery
Pizza ingredients
$ 3.80
$ 5,220
$ 630
Kitchen staff
Utilities
$ 0.05
$ 3.50
$ 1.50
Delivery person
Delivery vehicle
Equipment depreciation
$ 540
$ 275
$ 1,830
$ 820
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Miscellaneous
$ 0.15
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1,240
174
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Deliveries
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$ 4,985
$5,281
$984
$609
$ 655
$ 275
$ 1,830
$ 954
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Sales covers forecast per month are estimated at
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Average selling price per meal
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Calculate: How many meals must be sold to achieve a profit of €10,000 per month?
Make sure you insert a comma () to indicate thousands for example 10,000
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The large forward-facing statues in Job 3 sold at the following prices: 900 large forward-facing statues -
$150/ statue Golden Wolves Statue Company would like to stop manufacturing the small and large
profile statues and only sell the large forward-facing statue. The company's contribution format income
statement for sales of this statue in 2017 is given below assuming that all fixed expenses are now
assigned to this statue:
Total
Per Unit
% of Sales
Sales (900 units)
Variable Expenses
$135,000
$11,985
$150.00
100%
13.32
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$123,015
$18,535
$104,480
$136.68
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Step 1: Compute Golden Wolves Statue Company's contribution margin ratio and variable expense ratio.
Step 2: Compute Golden Wolves Statue Company's break-even…
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5,300
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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 6,500 units?
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The ingredients for your skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the lowest
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Table of Contents > Week 9: Operational and legal Considerations > Lecture Notes > 09 Operational and Legal Considerations
09 Operational and Legal Considerations -
>
Calculating Capacity
• How many machines do you need?
• You expect your sales to be
3,000,000 granola bars (20g each)
• How large is your plant?
per month
• How many workers do you need?
The machine:
• How much is the investment?
Capacity: 100 kgs per hour
• What are the operating costs?
Requires 2 people to operate it
Takes 8 ft x 40 ft space
• Cost per machine $15,000
Energy and maintenance: $5 per hour
• Cost of material and packaging:
$0.12 per bar
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HW #10 - Chpt 22
1 eBook
E Print Item
Schedule of Cash Payments for a Service Company
Oakwood Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:
March
$124,500
April
115,800
Мay
105,400
Depreciation, insurance, and property taxes represent $26,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be
paid in June. 60% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.
Prepare a schedule indicating cash payments for selling and administrative expenses for March, April, and May.
Oakwood Financial Inc.…
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The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly
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overhead rate is 55% of media purchases.
On August 1, the four advertising projects had the following accumulated costs:
August 1 Balances
Vault Bank
$87,600
Take Off Airlines
26,300…
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Target due: 1/14/21 58
3) Choose the best answer.
Andi has a job that pays $27.35 per hour for a 40-hour work week. She is paid time
and a half for each hour over 40 that she works in a week. She is paid biweekly. What
is her gross pay for a paycheck where she worked 40 hours in each of the two weeks
for a total of 80 hours?
$2,215.35
ST
O $2,735.00
$3,283.00
$2,188.00
O $1,641.00
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Unearned Sales Revenue
Cory's Carpet Cleaning normally charges $99 to clean one room of carpeting. During the holiday season, Cory offers a promotion to clean the customer's carpet 15 times
at a discounted rate if the customer pays $720 in advance.
Required:
1. Make the journal entry to record the customer's prepayment of $720. If an amount box does not require an entry, leave it blank.
Cash
Unearned Sales Revenue
(Record sale)
Feedback
2. Make the journal entry to record Cory's cleaning of the carpet one time. If an amount box does not require an entry, leave it blank.
88
Unearned Sales Revenue
Sales Revenue
(Record recognition of sales revenue)
Feedback
Feedback
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Activity
Room and meals
Radiology
Pharmacy
Chemistry lab
Operating room
101
Number of days
2 days
Number of images
3 images
Number of physician orders
3 orders
Number of tests
2 tests
Number of operating room hours
2 hours
a. Determine the activity cost associated with each patient.
Abel Putin
Cheryl Umit
E
Check My Work 3 more Check My Work uses remaining.
Activity-Based Costing for a Service Company
Crosswinds Hospital plans to use activity-based costing to assign hospital indirect costs to the care of patients. The hospital has identified the
following activities and activity rates for the hospital indirect costs:
Activity Rate
$269
per day
$379 per image
$59
per physician order
$80
per test
$840 per operating room hour
The activity usage information associated with the two patients is as follows:
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Supply costs at Coulthard Corporation's chain of gyms are listed below:
Client-
Supply
Cost
Visits
$ 28,371
$ 28,309
$ 28,469
$ 28,922
$ 28,389
$ 28,234
$ 28,473
$ 28,380
$ 28,424
March
11,662
11,458
11,990
13,500
11,722
11,208
12,002
11,693
11,841
April
May
June
July
August
September
October
November
Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed
components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component,
rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
$1.99 per client-visit; $28,390 per month
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Accounting
Chapter 13 - Homework Problem
During the last week of August, Apache Arts Company's owner approaches the bank for
an $80,000 loan to be made on September 2 and repaid on November 30 with annual
interest of 12%, for an interest cost of $2,400. The owner plans to increase the store's
inventory by $60,000 during September and needs the loan to pay for inventory
acquisitions. The bank's loan officer needs more information about Apache Arts' ability
to repay the loan and asks the owner to forecast the store's November 30 cash position.
On September 1, Apache Arts is expected to have a $3,000 cash balance, $135,000 of
accounts receivable, and $100,000 of accounts payable. Its budgeted sales, merchandise
purchases, and various cash disbursements for the next three months follow:
Budgeted Figures
Sales
September…
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els B: Lesson 1 - Salary
Target due: 1/14/21 58.33%
$344.75
$700
2) Choose the best answer.
Caleb has a job that pays $11.15 per hour for a 40-hour work week. He is paid time
and a half for every hour over 40 that he works in a week. What will his gross pay be
for a week in which he works 46 hours?
NTT
$546.35
$446
$512.90
$256.45
$769.35
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Problem Set 1: Finance
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Question 17
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You want to buy a $228,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the
rest.
a) How much is the loan amount going to be?
b) What will your monthly payments be if the interest rate is 6%?
c) What will your monthly payments be if the interest rate is 7%?
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On November 1, Arvelo Corporation had $34,500 of raw materials on hand. During the month, the company purchased an additional $75.500 of raw materials. During November, $90,000 of raw materials were
requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,500. Prepare journal entries to record these events. Use those
journal entries to answer the following questions:
The credits to the Raw Materials account for the month of November total:
Multiple Choice
$90,000
$110,000
$75,500
$34,500
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Problem 2-02A a-c (Video)
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.
er 02, Class
n # 3, HW
ercises &
ms. See
pard for
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cions
m 2-02A a-C
April 1 Invested $20,000 cash in her business.
1 Hired a secretary-receptionist at a salary of $700 per week payable monthly.
2 Paid office rent for the month $1,500.
3 Purchased dental supplies on account from Dazzle Company $4,000.
10 Performed dental services and billed insurance companies $5,100.
11 Received $1,000 cash advance from Leah Mataruka for an implant.
xercise 2-10
20 Received $2,100 cash for services performed from Michael Santos.
on 09
n 19 a-h
ercise 2-01
- 2-01
30 Paid secretary-receptionist for…
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TB 03-52 Rogers Communications is a communications
Rogers Communications is a communications company, specializing in cable television operation, television program
development, and other telecommunication services. Its financial statements show $37,666 in an account called "Deferred
Subscriber Revenue," which represents amounts that customers have paid in advance of receiving cable television and interne
services. What type of account is this and on what statement is it reported?
Type of Account
Financial Statement
A)
B)
C)
D)
Asset
Balance Sheet
Liability
Revenue
Balance Sheet
Balance Sheet
Revenue
Income Statement
Multiple Choice
Option C
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