Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some of the activities are given below, find out their categories and costs as per the principles of quality cost and ABC method: 1.Producing parts

Some of the activities are given below, find out their categories and costs as per the principles of quality cost and ABC method:

1.Producing parts for certain specification

2.Plant security and product inspections done

3.Indirect consumables

4.Product design and indirect material use

5.Office maintenance

6.Storing and disposing waste

7.Line Inspection activity undertaken

Assume that the Index is currently at 2,000. You manage a $10 million indexed equity portfolio. The Index futures contract has a multiplier of $50.

A ) If you are temporarily bearish on the stock market, how many contract should you sell to fully eliminate your exposure over the next six months?

B ) If T-bills pay 2% per six months and the semiannual dividend yield is 1%, what is the parity value of the futures price?

Explain with each step and proper formatting.

The margin requirement on the S&P 500 futures contract is 16%, and the stock index is currently 2,100. Each contract has a multiplier of $50 a. How much margin must be put up for each contract sold? Margin b. If the futures price falls by 1% to 2,079, what will happen to the margin account of an investor who holds one contract? (Input the amount as a positive value.) Margin account by c-1. What will be the investor's percentage return based on the amount put up as margin? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Percentage returned ok at prices c-2.

What would be the current cash balance in the margin account? Cash balance

Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining industry for the past 10 years and needs to determine the constant growth rate that he should use while valuing Pan Asia Mining Company.

Robert has the following information available:

Pan Asia Mining Company's stock (Ticker: PAMC) is trading at $16.25.

The company's stock is expected to pay a year-end dividend of $0.78 that is expected to grow at a certain rate.

The stock's expected rate of return is 7.80%.

Based on the information just given, what will be Robert's forecast of PAMC's growth rate?

Bellingham Company produces a product that requires sevenstandardpounds per unit. The standard price is $5 per pound. If 6,300 units used 42,300 pounds, which were purchased at $5.2 per pound, what is the direct materials (a)price variance, (b)quantity variance, and (c)cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May.

Inventories were as follows:

Raw materials beginning $14,000; raw materials ending $10,000

Work-in-process beginning $24,000; work-in-process ending $36,000

Finished goods beginning $10,000; finished goods ending $25,000

Required: Calculate the cost of goods manufactured for May for Bryant Company.

April 1, April 30,

Direct materials$67,000,$62,000

Work-in-process145,000,171,000

Finished goods85,000,78,000

Production data for the month of April is:

Direct labor$200,000Actual overhead132,000Direct materials purchased163,000Transportation in4,000Purchase Returns and Allowances2,000

Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over- or underapplied overhead until year-end.

Find cost of goods transferred to finished goods inventory for April?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the parity value using the given values for Tbills rate dividend yiel... 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

Step: 3

blur-text-image

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

Business Statistics For Contemporary Decision Making

Authors: Black Ken

8th Edition

978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647

More Books

Students also viewed these Accounting questions

Question

What is the MFD? UFD? How are they related?

Answered: 1 week ago

Question

Explain the pages in white the expert taxes

Answered: 1 week ago

Question

42. In Prob. 41, find det (A).

Answered: 1 week ago