Accounting

Use below information for Questions 1 to 4 : The smelting department of Company X has following production and cost data for September: - Production: Beginning work in process 200 units that are 100% complete as to materials and 76% complete as to conversion costs; units started into production 1,000 units; ending work in process 220 in units that are 100% complete as to materials and 54% complete as to conversion costs. - Manufacturing costs: Beginning work in process TL8,600 materials, TL9,240 labor and TL2,200 manufacturing overhead costs. In current period, TL50,200 worth of materials, TL25,200 worth of labor and TL36,000 worth of manufacturing overhead costs are incurred. Q-1) Compute the material cost portion of the transferred out inventory if the company uses WA method to compute equivalent units. Q-2) Compute the conversion cost portion of the transferred out inventory if the company uses FIFO method to compute equivalent units. method to compute equivalent units. Q-3) Compute the material cost portion of the ending inventory if the company uses FIFO method to compute equivalent units. Q-4) Compute the conversion cost portion of the ending inventory if the company uses WA method to compute equivalent units. Use below information for Questions 5 to 6: Company X produces dining chairs and tables. The following budget information is available: The company also envisages a budgeted advertisement cost of $104,000. Q-5) Compute total machine setups and inspection costs assigned to Dining Chairs, using plantwide method if the allocation base is labor hours. Q-6) Compute total machine setups and inspection costs assigned to Tables, using ABC. Q-7) Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,200 per year. Jane employs a maintenance person at an annual salary of $41,000 and a cleaning person at an annual salary of $24,000. Real estate taxes are $10,400 per year. The rooms rent at an average price of $122 per person per night including breakfast. Other costs are laundry and cleaning service at a cost of $10.40 per person per night and the cost of food which is $5.40 per person per night. Jane is considering changing the business strategy. She considers installing additional cleaning machines which will decrease laundry and cleaning service per person per night by $3.60. However, fixed depreciation cost will inerease by $4,040. Determine the number of rentals at which Jane would be indifferent between the current and proposed business models. Use below information for Questions 8 to 10 : Company X has collected the following information after its first year of sales. Sales were TL1,620,000 on 140,000 units. Selling expenses were TL265,000 of which 42% was variable. Direct materials were TL490,000 and direct labor were TL290,000. Administrative expenses were TL270,000 of which 24% was variable. MOH was TL386,000 of which 72% was variable. Q-8) Compute contribution margin. Q-9) Cndculate brenkeven point in TL. Q-10) Calculnte units to be sold to achieve a target net incone of TL200,000