A. Which of the components Pak Cables SAOG should make or buy? B. What are further considerations which should be considered if two of four components are sub contracted?
Q: If Company A buys Company B with the following metrics, what is the Accretion or Dilution for…
A: Company A:Revenue: $140 millionNet Income: $45 millionShares Outstanding: 120 millionCompany…
Q: Whitley and Maggie Sweeney are a married couple filing jointly. They have no children and report the…
A: It is a tax system imposed by Congress to collect a minimum amount of income tax for each year from…
Q: 7. Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying…
A: Answer:- Using the entire cost of manufacturing and sales as a starting point, cost plus pricing…
Q: Fact Pattern: The managers of Rochester Manufacturing are discussing ways to allocate the cost of…
A: Answer:-Direct cost allocation is one of the methods of cost allocation which is used to allocate…
Q: The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required:…
A: FICA taxes are collected from the employee and employer, both. FICA consists of Social Security Tax,…
Q: Sales revenue structions Determine the approximate valuation of the final inventory by the…
A: Step 1: Calculate Cost-to-Retail RatioBeginning Inventory at Cost = $312,000Purchases =…
Q: P15.10 (LO 3) Writing (Stock Dividends and Stock Split) Oregon Inc. $10 par common ste selling for…
A: Stock Dividend -Bonus shares given as stock dividends to owners instead of cash are referred to as…
Q: jane Jackson resides in Edmonton, AB, and has been employed by Finlay Ltd. for a number of years as…
A: The income which is determined by subtracting the deductions or exemptions from the gross amount of…
Q: Jay Banning, CEO and a major stockholder of Banning Inc., was unhappy with its operating results for…
A: A budget variance in accounting signifies when actual costs deviate from the expected or budgeted…
Q: Adams Corporation makes 8,000 units of part G25 each year. This part is used in one of the company's…
A: The incremental analysis is used for evaluating the incremental income or loss from a proposal so…
Q: Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 18,400 games…
A: The income statement commonly referred to as the profit and loss account, is a crucial financial…
Q: Total liabilities Total equity Atlanta Company Spokane Company Compute the debt-to-equity ratio for…
A: The debt-equity ratio is a financial ratio that indicates the firm's ability to meet its outstanding…
Q: The management of Nova Industries Inc. manufactures gasoline and diesel engines through two…
A: The overhead rate is a cost allocated to the production of a product or service. Overhead costs are…
Q: Derek has shares of UltFrisCorp that he would like to transfer, using Section 85, to a holding…
A: Section 85 of the Income Tax Act allows for the tax-deferred transfer of property between a taxpayer…
Q: balances 1-1-2020 cash account receivable supplies equipment (purchased 1-1-2019) accumelated…
A: Total Debit on the Trial Balance: The total debit on the trial balance is the sum of all the debit…
Q: pecial-Order Decision, Alternatives, Relevant Costs Redwood Elegance Company, manufactures wooden…
A: The net income is calculated as difference between revenue and expenses. The Special order is…
Q: Domestic
A: The objective of this question is to calculate the corporation's adjusted basis in each of the…
Q: Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside…
A: Loss on Plan Assets=Actual Return-Expected Return Actual Return =12Expected Return =…
Q: The UMD Sustainability Office has said that carbon would need to be priced at around $100 per ton…
A: A "discount" usually refers to a lower price than what a good or service was originally sold for.…
Q: the
A: a. The GILTI for Oasis Co. can be calculated as follows:GILTI = (10% × (QBAI – interest expense)) –…
Q: SydMel Ltd commences operations on 1 July 2020. One year later, on 30 June 2021, the entity prepares…
A: Deferred tax is an accounting concept that arises due to temporary differences between the carrying…
Q: Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not…
A: Straight line depreciation is a common and simplest method of calculation depreciation.As per this…
Q: The following information pertains to Sunland Company. Assume that all balance sheet mounts…
A: According to the question given, we need to compute the payout ratio.Financial ratio:Financial ratio…
Q: Integrative-Pro forma statements Provincial Imports, Inc., has assembled last year's financial…
A: The Pro Forma Income Statement is a document that is a way to show your company's income if you…
Q: overheads £ 6,000 Required: Calculate the material, labour and overhead variances for the month of…
A: ParticularsVariance AmountResponsibiltyDirect Material Rate Variance23,000 (Unfavourable)Purchase…
Q: C Corp., a lessee, has a rate of return on assets of 10%. The rate of return on assets is…
A: A lease refers to a contractual arrangement granting one party (the lessee) the right to use an…
Q: Julia is single and has invested her profits from the last several years with BF Dutton, Inc and has…
A: Answer:- Taxable income meaning:- Any gross income that is utilized to determine the tax liability…
Q: Mason Manufacturing had 600,000 shares of common stock outstanding and 150,000 shares of $100 par…
A: A financial indicator called weighted average shares outstanding is used to determine the average…
Q: inventory as your pase number and adjust the OGS s amount to the required amount to make the Total…
A: Weighted average method is one of the methods of inventory valuation on the basis of which cost of…
Q: On January 1, 2021, Moo Company sold an asset with a carrying amount of P6,000,000 to Boo Company…
A: Since you have posted a question with multiple sub-parts, we will provide the solution only to the…
Q: Han Products manufactures 35,000 units of part S-6 each year for use on its production line. At this…
A: The differential analysis is performed to compare the different alternatives available with the…
Q: Concord Corporation's charter authorized issuance of 92,000 shares of $10 par value common stock and…
A: The journal entries are prepared to record the transactions on a regular basis. The lump-sum cash…
Q: Jerrad, age 51, works 15 hours a week at a local fast-food restaurant while he attends a university.…
A: A personal retirement account (IRA) is a tax-advantageous savings account that an individual can…
Q: Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260.…
A: Cost of Goods Sold (COGS) measures the “direct cost” incurred in the production of any goods or…
Q: A law firm collected $2,400 on account for work performed and billed in the previous month. Which of…
A: Accounts Receivable (AR) is a ledger entry indicating funds owed to a business by customers who have…
Q: Handwriting not allow please And give me complete answer
A: The objective of the question is to prepare the sales budget, calculate the total cash collections,…
Q: XYZ Ltd incurred $500 000 of manufacturing overhead costs during the financial year 2021. However,…
A: The pro-rata basis of any amount which is required to be allocated shall be allocated to each…
Q: On 10th October 2023, you purchased office furniture from a supplier for £2,500, with a VAT rate of…
A: A journal entry serves as the initial stage in the accounting cycle, documenting all financial…
Q: Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information…
A: Budget- A budget is a financial road plan that shows the anticipated income, costs, and cash flow…
Q: Sheffield Company purchased machinery on January 1, 2020, for $93,600. The machinery is estimated to…
A: Lets understand the basics.Depreciation is a reduction in value of asset due to wear and tear,…
Q: Parkeville Company manufactures a single product and started the year with no inventories. Selected…
A: Variances are the differences between the actual and budgeted costs incurred during production…
Q: Cash Budget Wilson's Retail Company is planning a cash budget for the next three months. Estimated…
A: A cash budget is a financial tool that helps businesses plan and manage their cash flows over a…
Q: Talize Inc. has the following balances at December 31, 2014, its year end: Preferred Shares, $4.25…
A: Answer:- Journal entries are the basic building blocks of an organization's accounting system.…
Q: Factory Overhead Cost Variance Report Feeling Better Medical Inc., a manufacturer of disposable…
A: The total factory overhead cost is computed from standard cost and the actual cost. Factory overhead…
Q: Territory and Product Profitability Analysis Coast to Coast Surfboards Inc. manufactures and sells…
A: The contribution margin ratio, which is given as a percentage, shows how well a business covers its…
Q: Exercise 17-22 (Algo) Variable Cost Variances: Materials Purchased and Materials Used Are Not Equal…
A: Hi student,Since you have asked multiple questions, we will solve the first question for you. If you…
Q: Anita uses 10% of her home for business purposes and qualifies for a home office deduction. If the…
A: The simplified method is designed to make it easier for taxpayers to claim the home office deduction…
Q: The following transactions pertain to Smith Training Company for Year 1: January 30 Established the…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: P14-9B Sarnia Hardware Ltd. reported the following shareholders' equity on December 31, 2019:…
A: Rules for EntriesPersonal Account: Related to Person or Firm.Receiver will be debited and Giver will…
Q: All of the following taxpayers meet the modified adjusted gross requirements for the Retirement…
A: Age: 18 years of age or older.Filing Status: Not claimed as a dependent on someone else's tax…
Step by step
Solved in 4 steps with 3 images
- Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10000. All amounts are in OMR. Total Costs Variable Cost Fixed Cost Direct material cost 500000 ? Total labor cost Manufacturing Overhead ? 400000 100000 90000 30000 ? Calculate: A. B. Calculate cost per unit B. Describe the production costs in the equation form Y = f+ vX. C. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the monthXYZ Inc. manufactures a component D12, and two main products F45 and P67. The following details relate to each of these items: D12 D45 P67 Selling price ? 146 159 Material cost 10 15 26 Component D12 (bought-in price) ? 25 25 Direct labour 5 10 15 Variable overheads 6 12 18 Total variable cost per unit 21 62 84 Fixed overhead costs: P per annum P per annum P per annum Avoidable* 9,000.00 18,000.00 40,000.00 Non-avoidable 36,000.00 72,000.00 160,000.00 Total 45,000.00 90,000.00 200,000.00 * The avoidable fixed costs are product-specific fixed costs that would be avoided if the product or component were to be discontinued. 1. Assuming that the annual demand for component D12 is 5,000 units and that XYZ Inc. has sufficient capacity to make the component itself, the maximum price that should be paid to an external supplier for 5,000 components per year is 2. Assuming that component D12 is bought from an external supplier for P25.00 per unit, the number of units…Queens Ltd makes four components A, B, C and D and the associated annual costs are as follows: Production volume (units) Unit variable costs Direct materials Direct labour Variable production overheads Total Fixed costs directly attributable are: The unit prices of an external supplier are: a) A and C b) B and C c) D only A B C D 1,500 3,000 5,0007,000 $ $ d) A only 8 2 14 3,000 12 4 8 1 Which of these components should be bought in from the external supplier: $ $ 5 5 6 6 4 5 13 15 16 6,000 10,000 7,000 16 20 24
- Blue Incorporated manufactures a product with the following cost structure: Price per unit Selling price R12 Production costs: Material R2 Labour R2 Variable overheads R1 Fixed overheads R5 000 Over a three-year period the production and sales of the product are as follows: Y1 Y2 Y3 Production 2 000 1 000 2 000 Sales 1 000 2 000 2 000 Required: 1.1 You are required to produce the Statement of Financial Performance over the three-year period under the absorption costing. 1.2 Evaluate the application of the absorption costing method in profit reporting.(a) XYZ Ltd. Produces three products A, B and C for which the standard costs and quantities per unit are as follows: Particulars A B C Output (Units) 10000 20000 30000 Direct material cost per unit Rs60 Rs 40 Rs 20 Direct Labour cost per unit (@Rs 40) Rs 40 Rs 80 Rs 120 Machine hours per unit 3 2 1 Number of purchase requisitions 1000 200 300 Number of machine set-ups 150 100 50 Production overhead = P Rs 1400000 Q Rs 2200000 Department P is labour intensive, and Q is machine intensive. Total labour hours in Dept. P = 140000 and Total machine hours in Dept. Q = 100000 Production overhead by activity Receiving and Inspection Rs 1200000 Production scheduling/ set up= Rs 2400000 Prepare statement of cost per unit under traditional absorption method and activity-based costing approaches. Also compare the result of the two methods and give your comments.…Consider the information below for a company whose products goes through two processes; material cost of GHC100000 for a quantity of 10000kg, labour cost- GHC50000 and overhead cost as twice the cost of labour. The company expected an output of 9500kg from process 1 but eventually obtained 9400kg. What value should the output be transferred to process 2? OA. GHC36 O B. GHC26 OC. GHC16 D. GHC27
- Planned costs of product A - 150000 Planned costs of product B - 250000 Real costs of product A - 120000 Real costs of product B - 240000 \At the end of the month, when the full production cost of production is formed on the account Production process Dr Finished products. A Cr Production process. A - ? Please be more careful wit + / - (in case of storno)Task 6. The following are consumed for the production of one unit: ➤18 kg of material A (price 1 € / kg and 3 m²) material B (price 2 € / m²) Direct labour per unit of product Responsibility centre 1: 20 hours; rate 0,30€/h ==== Responsibility centre 2: 30 hours; rate 0,50€/h Calculates: Estimated (planned) variable overheads per year Responsibility centre 1: 14,000, € Direct labour 70,000 h Responsibility centre 2: 21 000, € Direct labour 180 000 h 1. variable production costs per unit 2. unit cost of production 3. full cost of one unit Estimated (planned) fixed overheads and general operating expenses per year Production costs - 100,000 € Selling expenses -30 000 € Administration expenses -15 000 €(d) DRS Manufacturing has the following standards for one of its products: [DRS Manufacturing mempunyai standad berikut untuk salah satu produknya:] Table 9: Production Costs [Jadual 9: Kos-kos Pengeluaran] Direct materials (2 meter @ RM5) Direct labor (0.5 hour @ RM10) RM10 RM5 During the most recent year, the following actual results were recorded: [Pada tahun terakhir, hasil sebenar berikut direkodkan:] Table 10: Production Costs [Jadual 10: Kos-kos Pengeluaran] 6,000 units Production Direct materials (11,750 meter purchased and used) RM61,100 Direct labor (2,900 hours) RM29,580 Required: (Dikehendaki:] Interpret the materials price and usage variances. [Tafsirkan varian harga dan penggunaan bahan-bahan.] (ii) Interpret the labor rate and efficiency variances. [Tafsirkan varian kadar buruh dan kecekapan.]
- Kukrudu Co. Ltd produces three modules of a product namely Hwentsia (H), Prekese (P) andKakaduro (K).The following data related to the products for the period.H K P TotalGH¢‘000 GH¢‘000 GH¢‘000 GH¢‘000Direct Material 150 240 200 590Direct Labour Cost 14.4 24 54 92.4OverheadsMachine settings 26Overhead Processing 64Warehouse Cost 93Energy to run machine 42Shipping 36A consultant, Mr. P. S. Initiative recommended the following after a detailed study of the company’s production process.ACTIVITY COST DRIVER ACTIVITY LEVELH K Pa. Machine setup No. of Production runs 22 34 44b. Sales order processing No. of sales received 400 600 600c. Warehouse cost No of units held in inventory 200 200 400d. Energy Machine Hours 10,000 16,000 24,000e. Shipping No. of Units shipped 1000 4000 10,000It is the policy of the Kukrudu Co. Ltd. to make a profit margin of 25% on its products.Required:Calculate the selling price of each of the three (3) products(all calculations should be to the nearest Ghana cedi).Following are Costs for a month in which it produced 2000 units.: (All values in OMR) Fixed Variable Total Costs Costs Costs Material Costs 15000 55000 Labor Costs ? 65000 75000 Production 25000 10000 ? Facilities cost On the basis of above information, what will be the estimated cost for 4000 units from the following? Select one: O a. OMR 330000 O b. OMR 165000 O c. OMR 215000 O d. OMR 280000nttps:25A%252F%252HM..mh A company allocates materials handling cost to the company's two products using the below data: Product A Product B Total expected units produced 5,400 11,800 Total expected material 530 470 moves Expected direct labor-hour 670 150 per unit The total materials handling cost for the year is expected to be $182,000. If the materials handling cost is allocated on the basis of direct labor-hours, how much of the total materials handling cost would be allocated to the Product B? (Round your intermediate calculations to 5 decimal places.) Multiple Choice $97,944 $74,263 $35,671 $59.791