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I would appreciate if someone can help me with these 10 questions i am struggling with. Thank you! PE 19-2A Direct labor costs 08J. 2

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PE 19-2A Direct labor costs 08J. 2 During May, Lockmiller Company accumulated 1,900 hours of direct labor costs on Job 275 and 2,600 hours on Job 310 . The total direct labor was incurred at a rate of $34 per direct labor hour for Job 275 and $26 per direct labor hour for Job 310. Journalize the entry to record the flow of labor costs into production during May. PE 20-3A Equivalent units of materials cost The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process inventory ( 60% complete). During the period, 68,000 ounces were completed. The ending work in process inventory was 10,000 ounces ( 25% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process? PE 21-2A Contribution margin Ferrante Company sells 90,000 units at $60 per unit. Variable costs are $42 per unit, and fixed costs are $550,000. Determine (a) the contribution margin ratio, (b) the unit contri. bution margin, and (c) income from operations. PE 22-3A Direct materials purchases budget Harbour Inc. budgeted production of 258,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 5 square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 25,100 square yards. The desired December 31 , 20Y6, paper inventory is 17,000 square yards. If paper costs $0.60 per square yard, determine the direct materials purchases budget for 20Y6. PE 22-4A Direct labor cost budget Harbour Inc, budgeted production of 258,000 personal journals in 20Y6. Each journal requires assembly. Assume that 6 minutes are required to assemble each journal. If assembly labor costs $16.50 per hour, determine the direct labor cost budget for 20Y. EX 23-3 Budget performance report OBJ. 2 Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: At the beginning of July, GBC management planned to produce 400,000 bottles. The actual number of bottles produced for July was 406,000 bottles. The actual costs for July of the current year were as follows: a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for GBC, assuming planned production. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July. PE 24-5A Residual income The Consumer Division of Lewandowski Company has income from operations of $9,043,000 and assets of $57,900,000. The minimum acceptable return on assets is 11%. What is the residual income for the division? PE 15-1A Equity investments: Less than 20% ownership OBJ. 2 On January 23, 15,000 shares of Aurora Company's common stock are acquired at a price of $25 per share plus a $150 brokerage commission. On April 12, a $0.50-per-share dividend was received on the Aurora Company stock. On June 10,6,000 shares of the Aurora Company stock were sold for $31 per share less a $100 brokerage commission. At the end of the accounting period on December 31 , the fair value of the remaining 9,000 shares of Aurora Company's stock was $30 per share. Aurora Company has 200,000 shares of common stock outstanding. Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. PE 16-1A Classifying cash flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Retirement of bonds payable d. Repurchase of common stock b. Purchase of inventory for cash e. Payment of accounts payable c. Cash sales f. Disposal of equipment EE 17-4 a 833 PE 17-4A Accounts recelvable analysis A company reports the following: SalesAverageaccountsreceivable(net)$1,460,000100,000 Determine (a) the accounts reccivable turnover and (b) the number of days' sales in receivables. Round to one decimal place

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