Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show all calculations when answering the following quantitative questions. State your final answer in a sentence (2 marks each) a. Alpine Industries makes snowboards. Management

image text in transcribed
Show all calculations when answering the following quantitative questions. State your final answer in a sentence (2 marks each) a. Alpine Industries makes snowboards. Management has provided the following information for the month. Actual sales 4,000 boards Budgeted production 5,000 boards Selling price $475 per board Costs per board: Direct material $100 Direct labour $45 Variable overhead $15 Variable administrative $20 Fixed manufacturing overhead $65 What is the product cost per jacket if throughput costing is used? b. Prepare the journal entry (without $ figures) to record scrap that is not specific to a job, which is returned to the storeroom and the time between the scrap being inventoried and its disposal is quite lengthy, c. The Toronto subsidiary of a Canadian company has an investment base of $12,000,000 and a corporate required rate of return of 15% for all subsidiaries. In 2019 the Toronto subsidiary had a residual loss of ($200,000) and in 2020 it earned a residual income of $400,000 What return on investment did the Toronto subsidiary achieve in 2019 and 2020 respectively

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

The Teams Audit

Authors: Kevin Barham

1st Edition

1907766030, 978-1907766039

More Books

Students also viewed these Accounting questions

Question

Identify the elements that make up the employee reward package.

Answered: 1 week ago

Question

Understand the purpose, value and drawbacks of the interview.

Answered: 1 week ago