By what amount is the Motorcycle department over- or under-budgeted? I Budgeted Amount Motorcycle Actual Amount ATV Motorcycle ATV Direct materials. $ 97,000 $138,000 $ 98,500 $133,800 Direct labor..... 52,000 105,000 56,100 101,300 Department manager salaries.. 60,000 56,000 60,000 56.000 Rent..... 9,000 12,000 8,400 10.900 Supplies used 5,000 11.000 7,000 8,000 Totals.... $223,000 $322.000 $230,000 $310,000 A $12,000 under-budget B) $7,000 over-budget C) $12,000 over-budget $7,000 under-budget
Q: Question list K Find the interest rate needed for the sinking fund to reach the required amount.…
A: I hope you understand
Q: None
A: You are right. The Tax Cuts and Jobs Act of 2017 suspended personal and dependency exemptions…
Q: Fringe benefits & benefits-in-kind ▸ Household expenses ▸ All contracts of household expenses e.g.…
A: It looks like you've provided some information related to fringe benefits and how they impact…
Q: On December 1, 2022, Barnes Inc. borrow $100,000 to purchase a new building. The interest rate on…
A: Please comment down for any doubt. I hope my answer helps you.
Q: a3
A: Paradise Hills Berry Farm has 20 employees who are pald biweekly. The payroll register showed the…
Q: Compute the income tax payable, if any. PURELY SELF-EMPLOYED INDIVIDUALS WHO AVAILED 8% Relevant…
A: Income Tax-Tax basis is an asset's cost basis at the time that the asset is sold. Cost basis begins…
Q: Hardev
A: Step 1:Req. 1: Computation of Consolidated net income before allocation to the controlling and…
Q: Lakeside Incorporated produces a product that currently sells for $40 per unit. Current production…
A: Step 1: Increase in selling price Increase in selling price = Original selling price - New selling…
Q: Presented below are two independent situations. Click here to view factor tables. a. George Robinson…
A: Step 1: a.) First we will calculate the issue price - Issue price = $2,030,000 * (105%) =…
Q: Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1996. He…
A: a. Calculating the allowable loss for rental house activities for 2023:The passive activity loss…
Q: I need help with solving these steps not sure I understand where to start
A: City Line Enterprises - Earnings per Share Analysis a. Weighted-Average Number of Common Shares…
Q: None
A: The provided information details Kwon Manufacturing's activities for its first month of operations.…
Q: Required: Use the financial statements of Heifer Sports Incorporated to find the information below…
A: Cash Flow from Operation = Net Income + Non-Cash Expenses - Changes in Net Working CapitalNet…
Q: On 12/31/2020, A Corporation had 100,000 shares of common stock outstanding and 30,000 shares of 7%,…
A: A Corporation - Basic EPS for 2021Here's how to compute A Corporation's basic EPS (earnings per…
Q: Dickson Company has two production departments and two support departments. Each department occupies…
A: The total square footage for all the departments is 1500 (Housekeeping) + 2500 (Administration) +…
Q: ABC Corporation has a total debt of $12,240,000 and their cash balance is equal to 10% of their…
A: Dividends are referred to as the earnings of the company which are distributed to the eligible…
Q: Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2023,…
A: Step 1: Calculate the Second-Lowest Cost Silver Plan (SLCSP) Premium:The SLCSP premium is the…
Q: Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018…
A: Solution to Home Depot RNOA Casea. Compute Return on Net Operating Assets (RNOA)Numerator: NOPAT…
Q: Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of…
A: To solve this problem, we need to follow these steps:1. Compute the amount of overhead cost applied…
Q: None
A: "Strangers", in marketing, is a type of customer relationship group. Customers are classified as…
Q: Dividends per share Sandpiper Company has 25,000 shares of cumulative preferred 2% stock, $150 par…
A: The above answer can be explained as under - The excel table has been prepared with all defined…
Q: Fanning, Incorporated sells fireworks. The company's marketing director developed the following cost…
A: Required A: Inventory Purchases BudgetHere's the inventory purchases budget for Fanning,…
Q: None
A: The reduction would be equivalent to the carrying value of the stock, thus: Reduction in…
Q: Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates;…
A: Job costing means where actual direct cost is included in specific cost and overhead is applied on…
Q: None
A: Certainly, let's compute the requested ratios for 2022 based on the provided information.(a)…
Q: Hardev
A: Detailed explanation: Let's break down the solution for question 3 based on the details provided in…
Q: please answer in text form with introduction , concept , explanation, narrations computation ,…
A: I can help you with the journal entries for Volcot Company based on the information…
Q: 6:07 ◄ MonopolyGO Wie Conversation Window to you 's Help Ex 8-12 Prepare bank reconciliation and…
A: I can definitely help you with the bank reconciliation for Quicksilver Company at July 30th. Here's…
Q: Refer to the AccuTax Incorporated exhibit One of the partners is planning to retire at the end of…
A: Let's take a closer look at how the budgeted total cost for senior consultants' overtime hours was…
Q: Hardev
A: Maxwell Company Inventory - Average Cost Method (2022)We will calculate the Weighted Average Cost…
Q: ok Net Work Corporation, whose annual accounting period ends on December 31, issued the following…
A: Case A: Bonds issued at face value (100):Bonds payable: $340,000Unamortized Premium (Discount):…
Q: A company issued 10%, 5-year bonds with a par value of $2,190,000, on January 1. Interest is to be…
A: Step 1: Determine the Interest Payment and the Initial Carrying Value of the BondsPar Value:…
Q: None
A: Part a: EUAC of the Best Option (Cash Flow Approach)We need to calculate the Equivalent Uniform…
Q: None
A: Computing the Alternative Minimum Tax (AMT) for the cases you provided. Here's the breakdown for…
Q: On March 1, 2025, Pharoah Construction Company contracted to construct a factory building for Bloom…
A: Schedule of Profit or Loss (Percentage-of-Completion Method) - Pharoah Construction CompanyContract…
Q: Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process…
A: To compute the equivalent units for materials and conversion costs using the weighted-average…
Q: You will deposit money into a bank account according to the following schedule: today $425,000 1…
A: Step 1:Calculate future values of each deposit:Deposit today ($425,000) remains $425,000 as there is…
Q: None
A: Solution:1)Through FIFODateParticularsPurchasedSoldBalance Number of UnitsUnit CostAmountNumber of…
Q: On the first day of the fiscal year, a company issues a $2,900,000, 11%, 5-year bond that pays…
A: Note: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Division Y has asked Division X of the same company to supply it with 6,600 units of part L763 this…
A: a) Calculating the profits under different transfer price scenarios is necessary to determine the…
Q: Previous Problem Problem List Next Problem Suppose you invest $11,695.00 into an account earning an…
A: Step 1: Given Value for Calculation Present Value = pv = $11,695Compound for Year 1 =…
Q: F7
A: 1. Direct-Material Variances for Rocky Mountain Camping Equipment (March)A. Standard Camping…
Q: None
A: Detailed explanation:1a Market Value %Apportioned costBuilding$ 502,200502,200/ 930,000 =54.00%54% x…
Q: Create a purchase order to Patsy's Automotive Supplies for 30 units of Window Cleaner, 25 of Glass…
A: Title: Understanding the Importance of Automotive Cleaning Products in Vehicle…
Q: Product Line Earnings Statements (Dollar amounts are in thousands) Annual Costs of Operating Each…
A: The objective of the question is to prepare revised product-line earnings statements for…
Q: None
A: Out of the choices you provided, the running premium is closest to $12,500.However, a more accurate…
Q: Required information [The following information applies to the questions displayed below.] Diego…
A: Required 10: Variable Costing Net Operating Income (Loss) with 57,000 Units SoldHere's how to…
Q: On January 1, 2020, an entity granted a franchise agreement to a franchisee. The contract provided…
A: To compute the gross profit to be recognized by the entity for the year ended December 31, 2020 in…
Q: covers. The company expects to produce 12,480 units in the first quarter, 19,890 units in the second…
A: Step 1: To get the total yards needed, Expected units to be produced in 1st quarter multiplied by 8…
Q: Required information [The following information applies to the questions displayed below.) In 2010…
A: Analyzing the ScenarioKnowns:Casey made a taxable gift of $1 million to Stephanie in the current…
Step by step
Solved in 2 steps
- A partial responsibility accounting report for a cost center is below. The value of letter (c) would be: Over (Under) Budget Controllable Costs Budgeted Actual Direct materials.... $52,800 $ a Direct labor....... 24,000 26,000 Utilities 19,200 C Totals... $96,000 $96,600 A $19,000 B $19,400 C) $54,000 D) $2,000 E None of the above $(1,200) b (200) $ 600The following is the budgeted information of 3Z Company for the year 2021: Service Departments Producing Departments S1 S2 P1 P2 Budgeted overhead before distribution of service costs Direct labor hours Machine hours Number of employees Area occupied (sq ft) P300,000.00 P 150,000.00 P1,500,000.00 P750,000.00 6,000 45,400 25 30,000 33,250 5,000 150 50,000 13 8 4,200 1,500 Actual prime cost for the last quarter Of 2021 in the production of 15,000 units of Product MM is summarized below: P1 P2 11,250 hrs Direct labor hours 1,200 DLh @ P35 6,550 DLH @ P35 Machine hours 1,250 hrs Materials P75 per unit P5 per unit Additional information: • The company computes predetermined overhead rates based on machine hours in P1 and direct labor hours in P2, after distributing service costs using direct method. Sl costs are distributed based on area occupied and S2 costs are based on number of employees. Required: Compute for the total production costs of Product MM.Westmore Company has two service departments and two operating departments. Budgeted costs and other data relating to these departments are presented below:Building Operating Department& Grounds Personnel A BDepartmental costs ..... $54,000 $200,000 $650,000 $800,000Square feet occupied ... 1,000 3,000 12,000 15,000Number of employees .... 10 5 45 55Direct laborhours ..... 76,000 92,000The costs of Building & Grounds are allocated first on the basis of square feet of space occupied. Personnel costs are allocated on the basis of numberof employees. The departmental costs for the operating departments are overhead costs. Predetermined overhead rates in the operating departments are computed on the basis of direct laborhours.Assume that the company uses the direct method of allocating service department costs. The predetermined overhead rate that would be used in Department B would be closest to:a. $11.50/DLH.b. $12.00/DLH.c. $10.00/DLH.d. $10.22/DLH.
- Home CengageNOWV2 |Online teachin X RakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $110.000 and equipment depreciation of $33,000 for 11,000 hours of production. The department actually completed 13,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 171,000 Previous Net Submie Test for Groding All work saved.Summary Data for April Support Department Support Departments Production Departments Information Research and Technology Travel Service Analysis Audit Tax Consulting Total IT: Number of employees TS: Number of trips 9 5 15 120 150 110 409 15 12 10 120 160 520 837 RA: Number of requests Costs to Allocate 15 10 4 125 120 280 554 $ 810,000.00 $125,000.00 $1,280,000.00 $ $ $ $2,215,000.00 Question Answer 1. Which of the following is the closest approximation of the sales forecast's upper confidence bound for the 1/1/2028 quarter? 2. Based on the graph and the breadth of the confidence intervals, which seems easier to predict, sales or income before extraordinary items? 3. What is the sales forecast's upper confidence bound for the 10/1/2027 quarter? 4. What is the forecast lower confidence bound for the 4/1/2027 quarter? 5. What is the forecast for income before extraordinary items for Nintendo for the quarter starting 10/1/2027?Algebraic method The following chart indicates the percentage of support department services used by other departments. Service departments are designated S1, S2, and S3; operating departments are designated RP1 and RP2. Services Used S3 Department S1 S2 N/A 10% 40% N/A S1 S2 S3 20 30 N/A RP1 RP2 20% 30% 40% 30 20 10 40 10 Direct costs of the period were $170,000, $360,000, and $600,000 for S1, S2, and S3, respectively. Allocate the support department costs to the operating departments using the algebraic method. Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar. Note: Round your final answers below to the nearest 100; for example, round 8,668 to 8,700.
- Given the following information, determine the activity rate for setups. Activity Setups Inspections Assembly (dlh) a. $58.00 Ob. $5.09 c. $18.00 d. $0.75 Total Activity-Base Usage Budgeted Activity $180,000 $120,000 $400,000 10,000 24,000 80,000The Culver Division operates as a profit center. It reports the following for the year ending December 31, 2022. Sales Variable costs Controllable fixed costs Noncontrollable fixed costs Budgeted $2,320,000 V 928,000 458,000 290,000 $ Actual tA $2,192,400 881,600 Prepare a responsibility report for the Culver Division at December 31, 2022. 458,000 290,000 Budget $ tA $ CULVER DIVISION Responsibility Report Actual $ LA Difi Fa Unfa Neithel nor UrBudgeted units of production 7,000 7,500 Budgeted variable overhead costs 15,000 18,750 Budgeted fixed overhead costs ? ? Budgeted amortization including in total overhead 3,000 3,000 Budgeted cash disbursements for total overhead 20,000 23,750 1. a) What is the amount of budgeted fixed overhead? a. $8,000 b. $6,000 c. $9,000 d. $3,000
- 1m 2 A $ Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS (budgeted head count) 4 Support work supplied by IS 5 (budgeted computer time) B AS SUPPORT 0 C 10% IS D 20% OPERATING GOVT 600,000 $1,200,000 $8,725,000 $ 12,540,000 $23,065,000 48% E 36% CORP 32% Total 54% 100% 100%Question Content Area Given the following information, determine the activity rate (rounded to the nearest cent) for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,000 $57,200 Inspections 23,400 $149,700 Assembly (dlh) 73,800 $394,500 a. $5.61 b. $5.35 c. $6.40 d. $5.72Russet Company has two service departments and two producing departments. Budgeted costs and budgeted activity in the various departments for the most recent year are presented below: Custodial Cutting Assembly Services Cafeteria Department DepartmentOverhead costs ......... P252,000 P140,000 P600,000 P900,000Square feet of space occupied ..... 1,000 2,000 8,000 10,000Number of employees .... 20 30…