Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Groueer Inc. mandachs snowsuit, caouper is considering purchasing new sewing machine at a cost of $2.45 m lion. Its editing machine was purchased years ago

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Groueer Inc. mandach""s snowsuit, caouper is considering purchasing new sewing machine at a cost of $2.45 m lion. Its editing machine was purchased years ago at a reuire a one time, s85,00o training cest. Operating costs would decrease by the folowing amounts for years I to 7 1 $389, 300 2 399,900 3410,000 425,500 5 432,400 6 434500 438,000 no eew sewing machine would be depredned according to the dedring balance method at arab. of 20%. The sabag""isexpected to be wouild require maintenance costs of $98,800 at the end of the fifth year. Tthe cost of capital is 9% seo. nes new ea0 Use the net present value method to determine the following Calculabe the net present value. (M oet present value is negative thee enter with negative sign preceding the omber e.g 45 or parentheses e.g (45).Round present valoe ans wer to 0 decimal places eg. 125. For calculation purposes ase 5 decinal places es displayed in the fector table provided Should Grouper purchase the new machine to replace the existing machine 5 6 8 9 cash inflows would increase by $80,900, and annual cash outflows would increase by $38,100. The company'seq rate o eeurn i 1 Calculate the net present value on thisprolet. ( the net present value ls ative, use either . neg tive se. the numbr .44s or printhmes (4S). Round present value answer to o decinal places e.g. 125. For calculatien purposes use S decimal places as isplayed in the fector table provided Net present value Should the project be accepted? The project should be Click if you would like to Show Work for this question: Open Sh 4 5 6 8 9 ugen Return to Blackboard Kimmel, Survey of Accounting, le with Job Order Costing Helo I Syatem Announcements Exercise 15-2 Fin t manufactures and sells homemade wine, and he wants to develop a standard cot per galon. The following are required fo, production of a galon batch. 3,300 ounces of grape concentrate at $0.08 per ounce 50 pounds of granudated sugar at $0.30 per pound 75 lemons at $0.60 each 50 yeast tablets at s0.27 each 50 nutrient tablets at $0.20 each 2,800 ounces of water at $0.005 per ounce Hank estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons annot be used. Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places e.g. 1.25.) Standard Cost Per Gallon Click if you would like to Show Work for this question: n shon Work Question Attempts: 0 of 4 used SAVE FOR LATER arch 45 6 7 8 9 R T YU Exercise 1s5 The standard cest of Product B mandf actured by Pronghorn Company indutes 2.70 units of direct materials at $6.20 er unit. During June, 26,700 units of direct materials are purchased at a cost of $6.0S per unt. and 26.700 unes of direct matrids are used to produce 9,mounts of hodet . Compute the total materials variance and the price and quantity varlances Materials price variance Materials quantity variance Compute the total materials varlance and the price and quantity variances, assuming the parchase price is $6.25 and the quantity purchased and used is 26,500 units Materials price varlance Materials quantity variance Click if you would like to Show Work for this question: Oen show work 45 6 7 89 thue Company's standard Labor cont of preducing one unit of Prodact DD is 3.3 hours at the rate of $12.40 per hour During gunit, 43,900 hours of labor are incured at a cost a $12.60 per hour to produce 13,100 uns of Product DD Comeute the total labor variance Tetal labor variance Compute the labor price and qvantity varlances Laber price variances Laber quantity variance Compute the labor price and quantity variances, assuming the standard is 3.7 hours of drect labor at $12.70 per hour Labor price variance Labor quanbty varlance s Click if you would like to Show Work for this question Oeen Shon Wrk n es,Al Rights Reserved. A Division of 2hn Wiles 5 6 8 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_2

Step: 3

blur-text-image_3

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

Principles Of External Auditing

Authors: Brenda Porter, Jon Simon, David Hatherly

2nd Edition

470842973, 470842970, 978-0470842973

More Books

Students also viewed these Accounting questions

Question

What was the motivation for the creation of PAC bonds?

Answered: 1 week ago