Accounting HW
CGS 61,000 GM 23,000 S&A Exp 1,000 Op Inc WIP B 22,000 14,000 DM used 8,000 DL 9,000 TMC 35,000 CGM 45,000 28,000 FG B Find: Sales FOH WIP E FG - E Sales 150,000 GM 25,000 Op Inc 10,000 DM used 18,000 DL 35,000 FOH 50,000 WIP E 22,000 FG - B 35,000 FG E 40,000 Find: CGS S&A WIP B TMC CGM MVS Inc. has three service departments, S1, S2 and S3, and two production departments, P1 and P2. The following data relate to Dolphin Company's allocation of service department costs: S1 S2 S3 P1 P2 Cost 46,000 15,500 60,000 500,000 600,000 Requisitions 200 100 100 1,400 1,300 Employees 12 1 1 7 Square Feet 500 1,000 800 1,500 2,500 S1 allocates its costs on the basis of number of requisitions. S2 allocates its costs on the basis of employees. S3 allocates its costs on the basis of square feet. The order of allocation for MVS, Inc. is S1, S2 and then S3. MVS Inc. uses the step method to allocate its service department costs. Feb Mar Jan Apr May June 80,000 100,000 90,000 120,000 100,000 80,000 Sales Collections Cash 10% 25% Month of Sale 50% Month after 2nd month 20% 5% Never Required: Prepare a cash receipts budget for April, May and June CSUCI Company produces and sells five products; V, W, X, Y and Z. The following data relate to its five products: W Z X Y Monthly demand in units Selling price per unit 80 60 40 90 50 230 $ 70 $ 100 80 90 Variable costs per unit 110 $ 64 S 27 37 44 $100,000 Total fixed costs Labor time in hours per unit 1.2 0.3 0.6 0.4 0.9 There are a total of 201 labor hours available per month Required: Determine the product mix to maximize total contribution margin. CSUCI Company produces and sells five products; V, W, X, Y and Z. The following data relate to its five products: V W X Y Z Monthly demand in units Selling price per unit Variable costs per unit 80 60 40 90 50 230 $ 100 $ 80 S 70 90 37 $ 110 $ 64 $ 44 $ 27 $ 50 $ 8 $ Direct Material 4 $ 28 $ 9 Total fixed costs $100,000 Labor time in hours per unit 1.2 0.3 0.6 0.4 0.9 There are a total of 201 labor hours available per month. Required: Using the theory of constraints, determine the product mix to maximize total contribution margin. Liabilities Equity Revenue Expense Assets Computer 1. Retained earnings 2. Cash 3. Accounts payable 4. Depreciation 5. Note payable 6. Wages 7. Sales 8 Common stock 9. Repairs & maintenance 10. Liabilities Revenue Expense Assets Equity Purchased computer using CC 1. Bought lunch for cash 2. Earned a paycheck 3. Made payment on CC 4. Depreciated computer 5. Required For each of the above transactions indicate which account categories would be inreased (I) and which would be decreased (D) Operating Investing Financing None Purchased equipment with cash Sold merchandise on credit Borrowed money from bank Paid for office utilities Paid dividend to shareholders Collected accounts receivable Accrued wages Issued stock dividend Bought inventory on credit Depreciated equipment CGS 61,000 GM 23,000 S&A Exp 1,000 Op Inc WIP B 22,000 14,000 DM used 8,000 DL 9,000 TMC 35,000 CGM 45,000 28,000 FG B Find: Sales FOH WIP E FG - E Sales 150,000 GM 25,000 Op Inc 10,000 DM used 18,000 DL 35,000 FOH 50,000 WIP E 22,000 FG - B 35,000 FG E 40,000 Find: CGS S&A WIP B TMC CGM MVS Inc. has three service departments, S1, S2 and S3, and two production departments, P1 and P2. The following data relate to Dolphin Company's allocation of service department costs: S1 S2 S3 P1 P2 Cost 46,000 15,500 60,000 500,000 600,000 Requisitions 200 100 100 1,400 1,300 Employees 12 1 1 7 Square Feet 500 1,000 800 1,500 2,500 S1 allocates its costs on the basis of number of requisitions. S2 allocates its costs on the basis of employees. S3 allocates its costs on the basis of square feet. The order of allocation for MVS, Inc. is S1, S2 and then S3. MVS Inc. uses the step method to allocate its service department costs. Feb Mar Jan Apr May June 80,000 100,000 90,000 120,000 100,000 80,000 Sales Collections Cash 10% 25% Month of Sale 50% Month after 2nd month 20% 5% Never Required: Prepare a cash receipts budget for April, May and June CSUCI Company produces and sells five products; V, W, X, Y and Z. The following data relate to its five products: W Z X Y Monthly demand in units Selling price per unit 80 60 40 90 50 230 $ 70 $ 100 80 90 Variable costs per unit 110 $ 64 S 27 37 44 $100,000 Total fixed costs Labor time in hours per unit 1.2 0.3 0.6 0.4 0.9 There are a total of 201 labor hours available per month Required: Determine the product mix to maximize total contribution margin. CSUCI Company produces and sells five products; V, W, X, Y and Z. The following data relate to its five products: V W X Y Z Monthly demand in units Selling price per unit Variable costs per unit 80 60 40 90 50 230 $ 100 $ 80 S 70 90 37 $ 110 $ 64 $ 44 $ 27 $ 50 $ 8 $ Direct Material 4 $ 28 $ 9 Total fixed costs $100,000 Labor time in hours per unit 1.2 0.3 0.6 0.4 0.9 There are a total of 201 labor hours available per month. Required: Using the theory of constraints, determine the product mix to maximize total contribution margin. Liabilities Equity Revenue Expense Assets Computer 1. Retained earnings 2. Cash 3. Accounts payable 4. Depreciation 5. Note payable 6. Wages 7. Sales 8 Common stock 9. Repairs & maintenance 10. Liabilities Revenue Expense Assets Equity Purchased computer using CC 1. Bought lunch for cash 2. Earned a paycheck 3. Made payment on CC 4. Depreciated computer 5. Required For each of the above transactions indicate which account categories would be inreased (I) and which would be decreased (D) Operating Investing Financing None Purchased equipment with cash Sold merchandise on credit Borrowed money from bank Paid for office utilities Paid dividend to shareholders Collected accounts receivable Accrued wages Issued stock dividend Bought inventory on credit Depreciated equipment
