Please help with unit 7 homework attached

accounting homework

Determine the equal, annual, endofyear payment required over the life of the following loans to repay them fully during the stated term. Term of Loa Interest Loan Annual n Principal ($) Rate (%) (Yrs) Payment ($) A 30 comma 00030,000 77 1818 B 40 comma 00040,000 1717 99 Interest Term of Annual Loan Principal ($) Rate (%) Loan (Yrs) Payment ($) nothing A 30 comma 00030,000 77 1818 (Round to the nearest cent.) You are considering the purchase of a BMW M5. You will borrow the money from BMW Financial Services. The terms of the deal are outlined below: BMW M5 RWD, 500hp, 0100 in 4.7s MSRP = $110 comma 000110,000 Term = 7272 months APR = 5.55.5% Down Payment = $0 Monthly Payments = $1 comma 797.171,797.17 The amortized loan payments are a blend of interest and principal. What is the total amount of interest you would pay over the life of the loan? Assume that taxes are zero. What is the total amount of interest you would pay over the life of the loan? $ nothing (Round to the nearest dollar.) The Shelby Cobra retails for $50 comma 62850,628 (all taxes included). What are the monthly loan payments for the car if you make a down payment of $4 comma 7714,771, the term is 55 years and the APR is 6.56.5%? (Car loan payments are made at the end of each month.) What is the amount of the monthly payment? $ nothing (Type a number to the nearest cent.) Brief Exercise 24-3 In Rooney Company, direct labor is $22 per hour. The company expects to operate at 10,000 direct labor hours each month. In January 2017, direct labor totaling $235,700 is incurred in working 12,100 hours. Don't show me this message again for the assignment Prepare a static budget report. ROONEY COMPANY Static Direct Labor Budget Report For the Month Ended January 31, 2017 Produ ct Line Budget Actual $ Difference $ $ Direct Labor Don't show me this message again for the assignment Link to Text Prepare a flexible budget report. ROONEY COMPANY Flexible Direct Labor Budget Report For the Month Ended January 31, 2017 Produ ct Line Budget Actual Difference $ $ $ Direct Labor Don't show me this message again for the assignment Link to Text Brief Exercise 24-6 In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2017 were as follows. Budget Indirect materials Indirect labor Utilities Supervision Actual $14,000 21,900 10,000 4,900 $13,300 22,800 10,600 4,900 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center. HANNON COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2017 Difference Controllable Cost Budget Favorable Unfavorable Neither Favorable nor Unfavorable Actual $ $ $ $ $ $ Don't show me this message again for the assignment Link to Text Brief Exercise 24-8 For the year ending December 31, 2017, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin $671,110 budget, $695,741 actual; controllable fixed costs$298,900 budget, $305,900 actual. Average operating assets for the year were $1,959,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin. (Round ROI to 1 decimal place, e.g. 1.5.) COBB COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ $ $ $ $ $ % % Don't show me this message again for the assignment Link to Text % Exercise 24-2 Crede Company budgeted selling expenses of $29,200 in January, $34,400 in February, and $39,800 in March. Actual selling expenses were $30,500 in January, $33,970 in February, and $47,600 in March. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 By Month Mo nt h Budge t Actual $ $ $ $ Jan uar y Feb rua ry Year-to-Date Budge t Actual $ $ $ $ $ $ $ $ $ $ $ $ $ $ Difference Difference Ma rch Don't show me this message again for the assignment Link to Text Exericse 24-13 Fey Company's organization chart includes the president; the vice president of production; three assembly plantsDallas, Atlanta, and Tucson; and two departments within each plantMachining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing DepartmentDallas: direct materials $43,310 actual, $46,500 budget; direct labor $82,690 actual, $81,310 budget; manufacturing overhead $50,040 actual, $50,750 budget. Machining DepartmentDallas: total manufacturing costs $220,280 actual, $216,530 budget. Atlanta Plant: total manufacturing costs $424,970 actual, $420,550 budget. Tucson Plant: total manufacturing costs $493,550 actual, $497,130 budget. The Dallas plant manager's office costs were $96,950 actual and $92,120 budget. The vice president of production's office costs were $132,190 actual and $132,650 budget. Office costs are not allocated to departments and plants. Don't show me this message again for the assignment Prepare the reports in a responsibility system for: The Finishing DepartmentDallas. To Dallas Department ManagerFinishing Controllable Costs: Month: July Budget Favorable Unfavorable Neither Favorable nor Unfavorable Actual $ $ $ $ $ $ Total Don't show me this message again for the assignment Link to Text Prepare the reports in a responsibility system for: The plant managerDallas. To Assembly Plant Manager Dallas Controllable Costs: Month: July Budget Actual $ Dallas Office Departments: Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ Total Don't show me this message again for the assignment Link to Text Prepare the reports in a responsibility system for: The vice president of production. To Vice President Production Controllable Costs: Month: July Budget Favorable Unfavorable Neither Favorable nor Unfavorable Actual $ $ $ $ $ $ VP Production Assembly plants: Total Don't show me this message again for the assignment Link to Text