I need a tutor to double check my work on this homework. Ive already done it but I am afraid to put the answers in because it will say its wrong and make me start a whole new problem with new numbers.

14 problems in total. If you dont mind doing step-by-step so if I did make a answer wrong I can see where I made my mistake.

Thank you and the 14 problems are divided between these 3 chapters attached.

1. Award: 2.50 points Exercise 10-1 Identifying Relevant Costs [LO1] A number of costs are listed below that may be relevant in decisions faced by the management of Poulsen & Sonner A/S, a Danish furniture manufacturer: Requirement 1 relates to Case 1, and requirement 2 relates to Case 2. Consider the two cases independently. 1.The company chronically runs at capacity and the old Model A3000 machine is the company's constraint. Management is considering the purchase of a new Model B3800 machine to use in addition to the company's present Model A3000 machine. The old Model A3000 machine will continue to be used to capacity as before, with the new Model B3800 being used to expand production. The increase in volume will be large enough to require increases in fixed selling expenses and in general administrative overhead, but not in the general fixed manufacturing overhead.. 2.The old Model A3000 machine is not the company's constraint, but management is considering replacing it with a new Model B3800 machine because of the potential savings in direct materials cost with the new machine. The Model A3000 machine would be sold. This change will have no effect on production or sales, other than some savings in direct materials costs due to less waste. Required: Indicate whether each item is relevant or not relevant in the above situations. a. Sales revenue Item Case 1 (Click to select) Case 2 (Click to select) b. Direct materials (Click to select) (Click to select) c. Direct labor (Click to select) (Click to select) d. Variable manufacturing overhead (Click to select) (Click to select) e. Book valueModel A3000 machine (Click to select) (Click to select) f. Disposal valueModel A3000 machine (Click to select) (Click to select) g. DepreciationModel A3000 machine (Click to select) (Click to select) h. Market valueModel B3800 machine (cost) (Click to select) (Click to select) i. Fixed manufacturing overhead (general) (Click to select) (Click to select) j. Variable selling expense. (Click to select) (Click to select) k. Fixed selling expense (Click to select) (Click to select) l. General administrative overhead (Click to select) (Click to select) References Worksheet Difficulty: Medium Exercise 101 Identifying Relevant Costs [LO1] Learning Objective: 1001 Identify relevant and irrelevant costs and benefits in a decision. 2. Award: 2.50 points Exercise 10-2 Dropping or Retaining a Segment [LO2] Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniorshome nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Total $900,000 490,000 Home Nursing $260,000 120,000 Meals On Wheels $400,000 210,000 House keeping $240,000 160,000 410,000 140,000 190,000 80,000 68,000 42,000 115,000 180,000 8,000 20,000 40,000 52,000 40,000 7,000 38,000 80,000 405,000 120,000 165,000 120,000 $ $ 20,000 $ 25,000 $ (40,000) 5,000 20,000 15,000 37,000 48,000 *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is concerned about the organization's finances and considers the net operating income of $5,000 last year to be too small. (Last year's results were very similar to the results for previous years and are representative of what would be expected in the future.) Therefore, she has asked for more information about the financial advisability of discontinuing the housekeeping program. The depreciation in housekeeping is for a van that transports housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. Depreciation charges assume zero salvage value. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1a. What is the impact on net operating income by discontinuing housekeeping program? (Input the amount as a positive value.) (Click to select) in net operating income by $ 1b. Should the housekeeping program be discontinued? Yes No 2. Would a segmented income statement format be more useful to management in assessing the long run financial viability of the various services. Yes No Hints Hint #1 References Worksheet Difficulty: Medium Exercise 102 Dropping or Retaining a Segment [LO2] Learning Objective: 1002 Prepare an analysis showing whether a product line or other business segment should be added or dropped. 3. Award: 2.50 points Exercise 10-3 Make or Buy a Component [LO3] ClimateControl, Inc., manufactures a variety of heating and airconditioning units. The company is currently manufacturing all of its own component parts. An outside supplier has offered to sell a thermostat to ClimateControl for $20 per unit. To evaluate this offer, ClimateControl, Inc., has gathered the following information relating to its own cost of producing the thermostat internally: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead, traceable Fixed manufacturing overhead, common, but allocated Total cost 15,000 Per Units Unit per year $ 6 $ 90,000 8 120,000 1 15,000 5* 75,000 10 150,000 $ 30 $ 450,000 *40% supervisory salaries 60% depreciation of special equipment (no resale value). Required: 1a. Assuming that the company has no alternative use for the facilities now being used to produce the thermostat, compute the total cost of making and buying the parts. Total relevant cost (15,000 units) Make $ Buy $ 1b. Should the outside supplier's offer be accepted? Accept Reject 2a. Suppose that if the thermostats were purchased, ClimateControl, Inc., could use the freed capacity to launch a new product. The segment margin of the new product would be $65,000 per year. Compute the total cost of making and buying the parts. Total relevant cost (15,000 units) Make $ Buy $ 2b. Should ClimateControl, Inc., accept the offer to buy the thermostats from the outside supplier for $20 each? Accept Reject Hints Hint #1 References Worksheet Difficulty: Medium Exercise 103 Make or Buy a Component [LO3] Learning Objective: 1003 Prepare a make or buy analysis. 4. Award: 2.50 points Exercise 10-4 Evaluating a Special Order [LO4] Miyamoto Jewelers is considering a special order for 10 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $389.95 and its unit product cost is $264.00 as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $143.00 86.00 35.00 $264.00 Most of the manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $7 of the overhead is variable with respect to the number of bracelets produced. The customer who is interested in the special bracelet order would like special filigree applied to the bracelets. This filigree would require additional materials costing $6 per bracelet and would also require acquisition of a special tool costing $465 that would have no other use once the special order is completed. This order would have no effect on the company's regular sales and the order could be fulfilled using the company's existing capacity without affecting any other order. Required: a. What effect would accepting this order have on the company's net operating income if a special price of $349.95 is offered per bracelet for this order? (Input the amount as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Net operating income (Click to select) by b. Should the special order be accepted at this price? No Yes Hints Hint #1 References Worksheet Difficulty: Medium Exercise 104 Evaluating a Special Order [LO4] Learning Objective: 1004 Prepare an analysis showing whether a special order should be accepted. $ Exercise 7-1 Schedule of Expected Cash Collections [LO2] [The following information applies to the questions displayed below.] Midwest Products is a wholesale distributor of leaf rakes. Thus, peak sales occur in August of each year as shown in the company's sales budget for the third quarter, given below: Budgeted sales (all on account) July August September $ 600,000 $ 900,000 $ 500,000 Total $ 2,000,000 From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. May sales totaled $430,000, and June sales totaled $540,000. References Section Break 1. Award: 2.50 points Exercise 7-1 Schedule of Expected Cash Collections [LO2] Exercise 7-1 Part 1 Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the third quarter. (Do not round intermediate calculations. Leave no cells blank be certain to enter "0" wherever required.) Schedule of Expected Cash Collections July August September Total May sales $ June sales July sales August sales September sales $ $ $ $ Total cash collections $ $ Hints Hint #1 References Worksheet Difficulty: Medium Exercise 71 Part 1 Learning Objective: 0702 Prepare a sales budget, including a schedule of expected cash collections. $ 2. Award: 2.50 points Exercise 7-7 Cash Budget [LO8] Forest Outfitters is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Total cash receipts Total cash disbursements 1st Quarter 2nd Quarter $340,000 $670,000 $530,000 $450,000 3rd Quarter $410,000 $430,000 4th Quarter $470,000 $480,000 The company's beginning cash balance for the upcoming fiscal year will be $50,000. The company requires a minimum cash balance of $30,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. Required: Complete the company's cash budget for the upcoming fiscal year.(Input all amounts as positive values except cash deficiency, repayments, and interest, which should be indicated by a minus sign. Leave no cells blank be certain to enter "0" wherever required. Total Financing should be indicated with a minus sign when the company is repaying amounts that were previously borrowed.) Forest Outfitters Cash Budget 1st Quarter 2nd Quarter $ $ Cash balance, beginning Total cash receipts Total cash available Less total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings (at beginning) Repayments (at ending) Interest Total financing Cash balance, ending 3rd Quarter $ 4th Quarter $ Year $ $ $ $ $ $ Hints Hint #1 References Worksheet Difficulty: Medium Exercise 77 Cash Budget [LO8] Learning Objective: 0708 Prepare a cash budget. 3. Award: 2.50 points Exercise 7-8 Budgeted Income Statement [LO9] Seattle Cat is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit $ Cost per unit $ Variable selling and administrative expenses (per unit) $ 380 1,850 1,425 85 Fixed selling and administrative expenses (per year) Interest expense for the year $ 105,000 $ 11,000 Required: Prepare the company's budgeted income statement using an absorption income statement format shown below. (Input all amounts as positive values except the losses which should be indicated with a minus sign.) Seattle Cat Budgeted Income Statement (Click to select) $ (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) $ Hints Hint #1 References Worksheet Difficulty: Medium Exercise 78 Budgeted Income Statement [LO9] Learning Objective: 0709 Prepare a budgeted income statement. 4. Award: 2.50 points Exercise 7-9 Budgeted Balance Sheet [LO10] The management of Academic Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances ? $ 6,500 $ 2,100 $28,000 $ 9,000 $ 1,900 $ 4,000 ? Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings The beginning balance of retained earnings was $21,000, net income is budgeted to be $8,600, and dividends are budgeted to be $3,500. Required: Prepare the company's budgeted balance sheet. (Be sure to list the assets and liabilities in order of their liquidity. Amounts to be deducted should be indicated with minus sign.) Academic Copy Budgeted Balance Sheet Assets (Click to select) (Click to select) Total current assets Plant and equipment: Current assets: (Click to select) $ $ (Click to select) (Click to select) Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: (Click to select) Stockholders' equity: (Click to select) (Click to select) Total stockholders' equity Total liabilities and stockholders' equity Hints Hint #1 References Worksheet Difficulty: Medium Exercise 79 Budgeted Balance Sheet [LO10] Learning Objective: 0710 Prepare a budgeted balance sheet. $ $ $ 1. Award: 1.00 point Exercise 8-1 Prepare a Flexible Budget [LO1] Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The company's planning budget for March appears below: Gator Divers Planning Budget For the Month Ended March 31 Budgeted divinghours (q) Revenue ($380.00q) Expenses: Wages and salaries ($12,000 + $130.00q) Supplies ($5.00q) Equipment rental ($2,500 + $26.00q) Insurance ($4,200) Miscellaneous ($540 + $1.50q) Total expense Net operating income 200 $ 76,000 38,000 1,000 7,700 4,200 840 51,740 $ 24,260 Required: During March, the company's activity was actually 190 divinghours. Prepare a flexible budget for that level of activity. (Input all amounts as positive values.) Gator Divers Flexible Budget For the Month Ended March 31 $ Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income Hints $ Hint #1 References Worksheet Difficulty: Medium Exercise 81 Prepare a Flexible Budget [LO1] Learning Objective: 0801 Prepare a flexible budget. 2. Award: 1.00 point Exercise 8-2 Prepare a Report Showing Revenue and Spending Variances [LO2] Olympia Bivalve farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in July. The company's flexible budget for July appears below: Olympia Bivalve Flexible Budget For the Month Ended July 31 Actual pounds (q) Revenue ($4.20q) Expenses: Packing supplies ($0.40q) Oyster bed maintenance ($3,600) Wages and salaries ($2,540 + $0.50q) Shipping ($0.75q) Utilities ($1,260) Other ($510 + $0.05q) Total expense Net operating income 7,000 $ 29,400 2,800 3,600 6,040 5,250 1,260 860 19,810 $ 9,590 The actual results for July appear below: Olympia Bivalve Income Statement For the Month Ended July 31 Actual pounds 7,000 Revenue $28,600 Expenses: Packing supplies 2,970 Oyster bed maintenance 3,460 Wages and salaries Shipping Utilities Other Total expense Net operating income 6,450 4,980 1,070 1,480 20,410 $ 8,190 Required: Prepare a report showing the company's revenue and spending variances for July. (Input all amounts as positive values. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Olympia Bivalve Revenue and Spending Variances For the Month Ended July 31 (Click to select) $ Revenue Expenses: Packing supplies (Click to select) Oyster bed maintenance (Click to select) Wages and salaries (Click to select) Shipping (Click to select) Utilities (Click to select) Other Total expense Net operating income (Click to select) (Click to select) $ (Click to select) Hints Hint #1 References Worksheet Difficulty: Medium Exercise 82 Prepare a Report Showing Revenue and Spending Variances [LO2] Learning Objective: 0802 Prepare a report showing revenue and spending variances. 3. Award: 2.00 points Exercise 8-15 Flexible Budgets and Revenue and Spending Variances [LO1, LO2] Gelato Supremo is a popular neighborhood gelato shop. The company has provided the following data concerning its operations: Fixed Element per Month $ 4,800 $ 1,860 $ 3,150 $ 1,890 $ 540 Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Variable Element per Liter $13.50 $ 5.10 $ 1.20 $ 0.15 $ 0.15 Actual Total for July $69,420 $26,890 $11,200 $ 2,470 $ 3,150 $ 1,890 $ 1,390 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $4,800 plus $1.20 per liter of gelato sold, and the actual wages for July were $11,200. Gelato Supremo expected to sell 5,000 liters in July, but actually sold 4,900 liters. Required: Prepare a report showing Gelato Supremo revenue and spending variances for July. (Input all amounts as positive values. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Revenue Expenses: Raw materials $ Gelato Supremo Revenue and Spending Variances For the Month Ended July 31 Flexible Actual Revenue and Spending Budget Results Variances $ $ (Click to select) (Click to select) Wages (Click to select) Utilities (Click to select) Rent (Click to select) Insurance (Click to select) Miscellaneous Total expense Net operating income $ $ $ (Click to select) (Click to select) (Click to select) References Worksheet Difficulty: Medium Exercise 815 Flexible Budgets and Revenue and Spending Variances [LO1, LO2] Learning Objective: 0801 Prepare a flexible budget. Learning Objective: 0802 Prepare a report showing revenue and spending variances. 4. Award: 2.00 points Exercise 8-4 Material Variances [LO4] Harmon Household Products, Inc., manufactures a number of consumer items for general household use. One of these products, a chopping board, requires an expensive hardwood. During a recent month, the company manufactured 4,000 chopping boards using 11,000 board feet of hardwood. The hardwood cost the company $18,700. The company's standards for one chopping board are 2.5 board feet of hardwood, at a cost of $1.80 per board foot. Required: 1a. According to the standards, what cost for wood should have been incurred to make 4,000 chopping blocks? Total standard cost $ 1b. How much greater or less is this than the cost that was incurred? (Input the amount as a positive value. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Spending variance (Click to select) $ 2. Break down the difference computed in (1) above into a materials quantity variance and a materials price variance. (Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Materials quantity variance $ (Click to select) Materials price variance $ (Click to select) Hints Hint #1 References Worksheet Difficulty: Medium Exercise 84 Material Variances [LO4] Learning Objective: 0804 Compute the direct materials quantity and price variances and explain their significance. 5. Award: 2.00 points Exercise 8-5 Direct Labor Variances [LO5] AirMeals, Inc., prepares inflight meals for a number of major airlines. One of the company's products is stuffed cannelloni with roasted pepper sauce, fresh baby corn, and spring salad. During the most recent week, the company prepared 6,000 of these meals using 1,150 direct laborhours. The company paid these direct labor workers a total of $11,500 for this work, or $10 per hour. According to the standard cost card for this meal, it should require 0.20 direct laborhours at a cost of $9.50 per hour. Required: 1a. According to the standards, what direct labor cost should have been incurred to prepare 6,000 meals? Total standard direct labor cost $ 1b. How much does this differ from the actual direct labor cost? (Input the amount as a positive value. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance) Spending variance $ (Click to select) 2. Break down the difference computed in (1) above into a labor efficiency variance and a labor rate variance. (Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance) Labor efficiency variance $ (Click to select) Labor rate variance $ (Click to select) Hints Hint #1 References Worksheet Difficulty: Medium Exercise 85 Direct Labor Variances [LO5] Learning Objective: 0805 Compute the direct labor efficiency and rate variances and explain their significance. 6. Award: 2.00 points Exercise 8-6 Variable Overhead Variances [LO6] Order Up, Inc., provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Order Up, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct laborhours. In the most recent month, 140,000 items were shipped to customers using 5,800 direct laborhours. The company incurred a total of $15,950 in variable overhead costs. According to the company's standards, 0.04 direct laborhours are required to fulfill an order for one item and the variable overhead rate is $2.80 per direct laborhour. Required: 1a. According to the standards, what variable overhead cost should have been incurred to fill the orders for the 140,000 items? Total standard variable overhead cost $ 1b. How much does this differ from the actual variable overhead cost? (Input the amount as a positive value. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance) Spending variance $ (Click to select) 2. Break down the difference computed in (1) above into a variable overhead efficiency variance and a variable overhead rate variance. (Do not round intermediate calculations. Input all amounts as positive values. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance) Variable overhead efficiency variance $ (Click to select) Variable overhead rate variance $ (Click to select) Hints Hint #1 References Worksheet Difficulty: Medium Exercise 86 Variable Overhead Variances [LO6] Learning Objective: 0806 Compute the variable manufacturing overhead efficiency and rate variances and explain their significance