I have two study guides I have to complete and turn in by 9:30pm PST or 11:30CST etc ... I am making them two separate jobs but if you can accurately do both in the time frame, please do so!
1. Use the following data to determine the cost of goods manufactured. Beginning finished goods inventory $12,200 Direct labor 33,700 Beginning goods in process inventory 7,100 General and administrative expenses 13,800 Direct materials used 46,700 Ending goods in process inventory 9,400 Indirect labor 6,900 Ending finished goods inventory 9,900 Indirect materials 12,500 Depreciation - factory equipment 8,300 (Points : 4) $110,800. $45,900. $105,800. $27,700 $12,500. none of the above show ALL work to correctly calculate the amount required in the problem above 3. The following information relates to the manufacturing operations of the RTO Publishing Corporation for the year: Beginning Ending Raw materials inventory $50,000 $57,000 Finished goods 69,000 62,000 The raw materials used in manufacturing during the year totaled $109,000. Raw materials purchased during the year amount to: (Points : 4) $57,000. $115,000. $131,000. $116,000 $69,000. none of the above show ALL work to correctly calculate the amount required in the problem above 5. The Goods in Process Inventory account for the XY Corp. follows: Goods in Process Inventory Beginning balance Direct materials Direct labor Applied overhead Ending balance 5,500 56,000 31,000 15,000 10,000 ? Finished goods The cost of units transferred to finished goods is: (Points : 4) $107,500. $117,500. $97,500. $106,500. $5,500. none of the above show ALL work to correctly calculate the amount required in the problem above MLM Company uses a job order cost accounting system and last period incurred $80,000 of overhead and $100,000 of direct labor. MLM estimates that its overhead next period will be $70,000 It also expects to incur $90,000 of direct labor. If MLM bases applied overhead on direct labor cost, their overhead application rate for the next period should be: (Points : 4) 80.00%. 77.78%. 114.29%. 128.57%. 142.86%. none of the above show ALL work to correctly calculate the amount required in the problem above 9. A production department's output for the most recent month consisted of 12,000 units completed and transferred to the next stage of production and 14,000 units in ending goods in process inventory. The units in ending goods in process inventory were 50% complete with respect to both direct materials and conversion costs. There were 2,200 units in beginning goods in process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. (Points : 4) 10,000 units. 10,300 units. 19,000 units. 21,200 units. 31,000 units. none of the above show ALL work to correctly calculate the amount required in the problem above Mixing Department data: Beginning Inventory Goods in Process: 3000 units, 2/3 complete: Materials cost (100% of materials have been added): $7,500 Conversion cost (DL and FOH) $ 6,000 Added during the period: 10,000 units valued at $26,000. Additional costs incurred this period in finishing Dept: Direct Labor: $20,000 Factory Overhead: $11,000 11,500 units were completed during the period Ending inventory, Mixing Dept: 1,500 units were complete. All direct materials are added at the beginning of the process. The weighted average cost method is used. The Materials cost per equivalent unit (to the nearest cent) would be: (Points : 4) $ 2.00 $ 2.58 $ 2.60 $ 3.02 none of the above show ALL work to correctly calculate the amount required in the problem above A company pays $15,000 per period to rent a small building that has 10,000 square feet of space. This cost is allocated to the company's three departments on the basis of the amount and value of the space occupied by each. Department One occupies 2,000 square feet of ground-floor space, Department Two occupies 3,000 square feet of ground-floor space, and Department Three occupies 5,000 square feet of second-floor space. If rents for comparable floor space in the neighborhood average $2.20 per square foot for ground-floor space and $1.10 per square foot for second-floor space and the rent is allocated based on the total value of the space, Department One should be charged rent expense for the period of: (Points : 4) $4,400. $4,000. $3,000. $2,200. $2,000. none of the above show ALL work to correctly calculate the amount required in the problem above Dailey Trade School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount allocated to the Automotive Department (rounded to the nearest dollar) if administrative costs for the school were $58,000, maintenance fees were $10,000, and utilities were $5,800? Department Students Classrooms Electrical 100 11,000 sq. ft. Automotive 70 13,000 sq. ft. Secretarial 60 9,000 sq. ft. Plumbing 50 7,000 sq. ft. (Points : 4) $3,250. $19,635 $1,885 $21,635. $40,000. none of the above show ALL work to correctly calculate the amount required in the problem above Conan Company has total fixed costs of $121,000. Its product sells for $45 per unit and variable costs amount to $27 per unit. Next year Conan Company wishes to earn a pretax income that equals 18% of fixed costs. How many units must be sold to achieve this target income level? (Points : 4) 7,952. 15,864. 15,964. 7,932. 16,024. none of the above show ALL work to correctly calculate the amount required in the problem above The Haskins Company manufactures and sells radios. Each radio sells for $24.45 and the variable cost per unit is $17.15. Haskin's total fixed costs are $28000, and budgeted sales are 8300 units. What is the contribution margin per unit? (Points : 4) $7.3. $13.05. $24.55. $33000. $36.05 show ALL work to correctly calculate the amount required in the problem above A company's history indicates that 24% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are $57,000, $72,000 and $82,000, respectively. The March expected cash receipts from all current and prior credit sales rounded to the nearest dollar for each month is: (Points : 4) $55,404 $55,458 $52,554 $54,606 $39,558 none of the above show ALL work to correctly calculate the amount required in the problem above Bartels Corp. produces woodcarvings. It takes 4 hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 8,000 carvings and used 22,000 hours of direct labor at a total cost of $249,456. What is Bartels' labor rate variance for August? (Points : 4) $29,088 favorable. $14,564 unfavorable. $14,544 favorable. $14394 favorable. $14,544 unfavorable. none of the above show ALL work to correctly calculate the amount required in the problem above The following company information is available: Direct materials used for production 39,000 gallons Standard quantity for units produced 33,600 gallons Standard cost per gallon of direct material $4.45 Actual cost per gallon of direct material $4.95 The direct materials quantity variance is: (Points : 4) $26,730 unfavorable. $25,030 unfavorable. $24,030 unfavorable. $23,530 favorable. $23,430 favorable. none of the above show ALL work to correctly calculate the amount required in the problem above A company has determined that its standard costs to produce a single unit of output is as follows: Direct materials 6 pounds at $0.94 per pound = $5.64 Direct labor 0.5 hour at $14.51 per hour = $7.25 Manufacturing overhead 0.5 hour at $4.80 per hour = $2.40/unit; $1.40/unit variable; $1.00/unit fixed. Also note: Normal Production 10,500 units During the latest month, the company purchased and used 58,600 pounds of direct materials at a price of $1.09 per pound to produce 10,025 units of output. Direct labor costs for the month totaled $66,100 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the factory overhead volume variance was: (Points : 4) $475 favorable $475 unfavorable $865 unfavorable $1,880 favorable $6,910 favorable none of the above show ALL work to correctly calculate the amount required in the problem above Patrick Corporation inadvertently produced 10,000 defective personal radios. The radios cost $11 each to produce. A salvage company will purchase the defective units as they are for $6 each. Patrick's production manager reports that the defects can be corrected for $5 per unit, enabling them to be sold at their regular market price of $15.5. Patrick should: [be sure to show numerical calculations supporting your answer] (Points : 4) Sell the radios for $6 per unit. Correct the defects and sell the radios at the regular price. Sell the radios as they are because repairing them will cause their total cost to exceed their selling price. Sell 5,000 radios to the salvage company and repair the remainder. Throw the radios away. none of the above show ALL work to correctly calculate the amount required in the problem above A company is considering purchasing a machine for $20,000. The machine will generate an pretax net income of $2,400 per year. Annual depreciation expense would be $1,300. What is the payback period for the new machine? (Round your answer to the nearest whole number; disregard tax effect.) (Points : 4) 17 years. 8 years. 5 years. 15 years. 18 years. none of the above show ALL work to correctly calculate the amount required in the problem above A company is planning to purchase a machine that will cost $28,000, have a six-year life, and be depreciated over a three-year period with no salvage value. The company expects to sell the machine's output of 3,150 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. Sales $90,500 Costs: Manufacturing $53,000 Depreciation on machine 4,667 Selling and administrative expenses 30,500 (88,167) Income before taxes $2333 Income tax (50%) (1,167) Net income $1,166 What is the accounting rate of return for this machine? [round your answer to the nearest tenth of a percent : for example 1.1%] (Points : 4) 16.7%. 8.3%. 4.2%. 22.5%. 41.7%. none of the above show ALL work to correctly calculate the amount required in the problem above Conan Company has total fixed costs of $121,000. Its product sells for $45 per unit and variable costs amount to $27 per unit. Next year Conan Company wishes to earn a pretax income that equals 18% of fixed costs. How many units must be sold to achieve this target income level? (Points : 4) 7,952. 15,864. 15,964. 7,932. 16,024. none of the above show ALL work to correctly calculate the amount required in the problem above The Haskins Company manufactures and sells radios. Each radio sells for $24.45 and the variable cost per unit is $17.15. Haskin's total fixed costs are $28000, and budgeted sales are 8300 units. What is the contribution margin per unit? (Points : 4) $7.3. $13.05. $24.55. $33000. $36.05 show ALL work to correctly calculate the amount required in the problem above A company's history indicates that 24% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are $57,000, $72,000 and $82,000, respectively. The March expected cash receipts from all current and prior credit sales rounded to the nearest dollar for each month is: (Points : 4) $55,404 $55,458 $52,554 $54,606 $39,558 none of the above show ALL work to correctly calculate the amount required in the problem above Bartels Corp. produces woodcarvings. It takes 4 hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 8,000 carvings and used 22,000 hours of direct labor at a total cost of $249,456. What is Bartels' labor rate variance for August? (Points : 4) $29,088 favorable. $14,564 unfavorable. $14,544 favorable. $14394 favorable. $14,544 unfavorable. none of the above show ALL work to correctly calculate the amount required in the problem above The following company information is available: Direct materials used for production 39,000 gallons Standard quantity for units produced 33,600 gallons Standard cost per gallon of direct material $4.45 Actual cost per gallon of direct material $4.95 The direct materials quantity variance is: (Points : 4) $26,730 unfavorable. $25,030 unfavorable. $24,030 unfavorable. $23,530 favorable. $23,430 favorable. none of the above show ALL work to correctly calculate the amount required in the problem above A company has determined that its standard costs to produce a single unit of output is as follows: Direct materials 6 pounds at $0.94 per pound = $5.64 Direct labor 0.5 hour at $14.51 per hour = $7.25 Manufacturing overhead 0.5 hour at $4.80 per hour = $2.40/unit; $1.40/unit variable; $1.00/unit fixed. Also note: Normal Production 10,500 units During the latest month, the company purchased and used 58,600 pounds of direct materials at a price of $1.09 per pound to produce 10,025 units of output. Direct labor costs for the month totaled $66,100 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the factory overhead volume variance was: (Points : 4) $475 favorable $475 unfavorable $865 unfavorable $1,880 favorable $6,910 favorable none of the above show ALL work to correctly calculate the amount required in the problem above Patrick Corporation inadvertently produced 10,000 defective personal radios. The radios cost $11 each to produce. A salvage company will purchase the defective units as they are for $6 each. Patrick's production manager reports that the defects can be corrected for $5 per unit, enabling them to be sold at their regular market price of $15.5. Patrick should: [be sure to show numerical calculations supporting your answer] (Points : 4) Sell the radios for $6 per unit. Correct the defects and sell the radios at the regular price. Sell the radios as they are because repairing them will cause their total cost to exceed their selling price. Sell 5,000 radios to the salvage company and repair the remainder. Throw the radios away. none of the above show ALL work to correctly calculate the amount required in the problem above A company is considering purchasing a machine for $20,000. The machine will generate an pretax net income of $2,400 per year. Annual depreciation expense would be $1,300. What is the payback period for the new machine? (Round your answer to the nearest whole number; disregard tax effect.) (Points : 4) 17 years. 8 years. 5 years. 15 years. 18 years. none of the above show ALL work to correctly calculate the amount required in the problem above A company is planning to purchase a machine that will cost $28,000, have a six-year life, and be depreciated over a three-year period with no salvage value. The company expects to sell the machine's output of 3,150 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. Sales $90,500 Costs: Manufacturing $53,000 Depreciation on machine 4,667 Selling and administrative expenses 30,500 (88,167) Income before taxes $2333 Income tax (50%) (1,167) Net income $1,166 What is the accounting rate of return for this machine? [round your answer to the nearest tenth of a percent : for example 1.1%] (Points : 4) 16.7%. 8.3%. 4.2%. 22.5%. 41.7%. none of the above show ALL work to correctly calculate the amount required in the problem above Conan Company has total fixed costs of $121,000. Its product sells for $45 per unit and variable costs amount to $27 per unit. Next year Conan Company wishes to earn a pretax income that equals 18% of fixed costs. How many units must be sold to achieve this target income level? (Points : 4) 7,952. 15,864. 15,964. 7,932. 16,024. none of the above show ALL work to correctly calculate the amount required in the problem above The Haskins Company manufactures and sells radios. Each radio sells for $24.45 and the variable cost per unit is $17.15. Haskin's total fixed costs are $28000, and budgeted sales are 8300 units. What is the contribution margin per unit? (Points : 4) $7.3. $13.05. $24.55. $33000. $36.05 show ALL work to correctly calculate the amount required in the problem above A company's history indicates that 24% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are $57,000, $72,000 and $82,000, respectively. The March expected cash receipts from all current and prior credit sales rounded to the nearest dollar for each month is: (Points : 4) $55,404 $55,458 $52,554 $54,606 $39,558 none of the above show ALL work to correctly calculate the amount required in the problem above Bartels Corp. produces woodcarvings. It takes 4 hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 8,000 carvings and used 22,000 hours of direct labor at a total cost of $249,456. What is Bartels' labor rate variance for August? (Points : 4) $29,088 favorable. $14,564 unfavorable. $14,544 favorable. $14394 favorable. $14,544 unfavorable. none of the above show ALL work to correctly calculate the amount required in the problem above The following company information is available: Direct materials used for production 39,000 gallons Standard quantity for units produced 33,600 gallons Standard cost per gallon of direct material $4.45 Actual cost per gallon of direct material $4.95 The direct materials quantity variance is: (Points : 4) $26,730 unfavorable. $25,030 unfavorable. $24,030 unfavorable. $23,530 favorable. $23,430 favorable. none of the above show ALL work to correctly calculate the amount required in the problem above A company has determined that its standard costs to produce a single unit of output is as follows: Direct materials 6 pounds at $0.94 per pound = $5.64 Direct labor 0.5 hour at $14.51 per hour = $7.25 Manufacturing overhead 0.5 hour at $4.80 per hour = $2.40/unit; $1.40/unit variable; $1.00/unit fixed. Also note: Normal Production 10,500 units During the latest month, the company purchased and used 58,600 pounds of direct materials at a price of $1.09 per pound to produce 10,025 units of output. Direct labor costs for the month totaled $66,100 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the factory overhead volume variance was: (Points : 4) $475 favorable $475 unfavorable $865 unfavorable $1,880 favorable $6,910 favorable none of the above show ALL work to correctly calculate the amount required in the problem above Patrick Corporation inadvertently produced 10,000 defective personal radios. The radios cost $11 each to produce. A salvage company will purchase the defective units as they are for $6 each. Patrick's production manager reports that the defects can be corrected for $5 per unit, enabling them to be sold at their regular market price of $15.5. Patrick should: [be sure to show numerical calculations supporting your answer] (Points : 4) Sell the radios for $6 per unit. Correct the defects and sell the radios at the regular price. Sell the radios as they are because repairing them will cause their total cost to exceed their selling price. Sell 5,000 radios to the salvage company and repair the remainder. Throw the radios away. none of the above show ALL work to correctly calculate the amount required in the problem above A company is considering purchasing a machine for $20,000. The machine will generate an pretax net income of $2,400 per year. Annual depreciation expense would be $1,300. What is the payback period for the new machine? (Round your answer to the nearest whole number; disregard tax effect.) (Points : 4) 17 years. 8 years. 5 years. 15 years. 18 years. none of the above show ALL work to correctly calculate the amount required in the problem above A company is planning to purchase a machine that will cost $28,000, have a six-year life, and be depreciated over a three-year period with no salvage value. The company expects to sell the machine's output of 3,150 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. Sales $90,500 Costs: Manufacturing $53,000 Depreciation on machine 4,667 Selling and administrative expenses 30,500 (88,167) Income before taxes $2333 Income tax (50%) (1,167) Net income $1,166 What is the accounting rate of return for this machine? [round your answer to the nearest tenth of a percent : for example 1.1%] (Points : 4) 16.7%. 8.3%. 4.2%. 22.5%. 41.7%. none of the above show ALL work to correctly calculate the amount required in the problem above
