Question
1) Adelphi Company has budgeted activity for March to reflect net income $195,000. All sales are credit sales. Receivables are planned to increase (decrease -)
1) Adelphi Company has budgeted activity for March to reflect net income $195,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-33,000 payables to increase (decrease -) by $-17,000 and Depreciation Expense is $56,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number.Round & enter final answer to the nearest whole dollar.)
2) During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $100,000, and net income of $35,000. Use this information to determine the number of units Adelphi sold during FY 2018.(Round answer to nearest whole number)
3) Towson Company manufactures book cases, and each requires 24 board feet of lumber. Towson expects that 1,800 and 1,950 book cases will be built in June and July, respectively.Towson keeps lumber on hand at 35% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)
4) Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a direct allocation method where service departments are allocated only to production departments.All allocations are based on total employees.Computer Operations has costs of $165,000 andMaintenanceServices has costs of $135,000 before any allocations.What amount of Maintenance Services total cost is allocated to the Packaging Department?(round to closest whole dollar) Employees are:
Computer Operations2
Maintenance Services2
Mixing Department 6
Packaging Department5
5) Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments.All allocations are based on total employees.Computer Operations has costs of $145,000 andMaintenanceServices has costs of $185,000 before any allocations.What amount of Maintenance Services total cost is allocated to the Mixing Department?(round to closest whole dollar) Employees are:
Computer Operations3
Maintenance Services4
Mixing Department 8
Packaging Department5
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