Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone work these questions out for me? I have the answers just not sure how to get the solutions. I can provide the solutions

image text in transcribed

Can someone work these questions out for me? I have the answers just not sure how to get the solutions. I can provide the solutions if someone is willing to help. Thank you.

image text in transcribed ACCT 2302 Managerial Accounting 1. Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is .2 hours and .1 hours, respectively. The standard direct labor rate per hour is 2. Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods? 3. The following credit sales are budgeted by Terra CO: Jan: 204,000 Feb: 300,000 March: 420,000 April: 360,000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month of following sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is: 4. Amber manufacturing provided the following information for last month: Sales $20,000 Variable Costs $6,000 Fixed Costs $9,000 Operating Income $5,000 If sales double next month, what is the projected operating income? ACCT 3303 Financial Accounting 5. Victoria, Inc. reports: Cash provided by operating activities $2,300,000 Cash used by investing activities 640,000 Cash used by financing activities 220,000 Beginning cash balance 340,000 What is Victoria's ending cash balance? 6. Sawyer, Inc. consistently estimated its bad debt expense at 1 percent of credit sales. In 2014, however, Sawyer determines that it must revise upward the estimate of bad debts for the current year's credit sales to 2 percent, or double the prior years' percentage. Sawyer uses the revised estimate of 2% and calculates bad debt expense of $500,000. How is the change in the estimated bad debt expense reported in Sawyer's 2014 financial statements? ECON 2301 Macroeconomics 7. If a country has 200 million employed adults, 8 million unemployed adults, 30 million adults who are not in the labor force, and 40 million non-adults (under 16) population, then the unemployment rate is: 8. Autonomous consumption is $500, the marginal propensity to consume is 0.8, and planned investment spending is $200. If GDP is $3,000, how much is unplanned inventory investment? 9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

13th Edition

1265553602, 978-1265553609

More Books

Students also viewed these Finance questions

Question

Evaluate the integral. 1 1 + 2e* - e*

Answered: 1 week ago