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Manal Elkhoshkhany
Manal Elkhoshkhany, Tutor
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Ques 2: (TCO D) Ferro Wares is a division of a major corporation.

Customer Question

Ques 2:
(TCO D) Ferro Wares is a division of a major corporation. The following data are for the latest year of operations:

Sales……………………………………………………………….$33,040,000
Net Operating Income……………………………………………$ 1,453,760
Average Operating Assets ---------------------------------------------$ 8,000,000
The Company ‘s minimum required rate of return 18 %

Required:

i. What is the division's return on investment (ROI)?

ii. What is the division's residual income?

Ques 1:
(TCO D) Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:

Sales revenues Apparel……………………………….$700,000
Variable expenses Apparel……………………………$406,000
Traceable fixed expenses Apparel…………………...$ 98,000
Sales revenues, Accessories…………………………$710,000
Variable expenses, Accessories……………………...$312,000
Traceable fixed expenses, Accessories…………… .$107,000

Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.

Required:

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts

Ques 3:
(TCOD) The management of Thews Corporation is considering dropping product E28I. Data from the company's accounting system appear below:

Sales--------------------------------------------------------------$480,000
Variable expenses---------------------------------------------$202,000
Fixed manufacturing expense-------------------------------$158,000
Fixed Selling and administrative expense----------------$130,000

All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $86,000 of the fixed manufacturing expenses and $67,000 of the fixed selling and administrative expenses are avoidable if product E28I is discontinued.

Required:

i. What is the net operating income earned by product E28I according to the company's accounting system? Show your work!

ii. What would be the effect on the company's overall net operating income of dropping product E28I? Should the product be dropped? Show your work.

Ques 4:
. (TCO D) Part F77 is used in one of Wilcutt Corporation's products. The company's Accounting Department reports the following costs of producing the 7,000 units of the part that are needed every year.
Per Unit
Direct Materials ----------------------------------------------------$7.00
Direct Labor----------------------------------------------------------$6.00
Variable overhead--------------------------------------------------$5.60
Supervisor’s Salary------------------------------------------------$4.70
Depreciation of special equipment-----------------------------$1.50
Allocated general overhead--------------------------------------$5.40

An outside supplier has offered to make the part and sell it to the company for $28.30 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $9,000 of these allocated general overhead costs would be avoided.

Required:

i. Prepare a report that shows the effect on the company's total net operating income of buying part F77 from the supplier rather than continuing to make it inside the company.

ii. Which alternative should the company choose?

Ques 5:
(TCO D) A customer has asked Clougherty Corporation to supply 4,000 units of product M97, with some modifications, for $40.10 each. The normal selling price of this product is $48.00 each. The normal unit product cost of product M97 is computed as follows:

Direct materials--------------------------------------------------$ 18.50
Direct Labor-------------------------------------------------------$ 1.20
Variable manufacturing overhead--------------------------- 8.40
Fixed manufacturing overhead------------------------------- 3.90
Unit product cost------------------------------------------------- $32.00

Direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like some modifications made to product M97 that would increase the variable costs by $5.70 per unit and that would require a one-time investment of $31,000 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order.

Required:

Determine the effect on the company's total net operating income of accepting the special order. Show your work!

Please show me all work and
for
Submitted: 2 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 2 years ago.

Thank you for requesting me, but for future posts, please remember to type "For BusinessTutor" at the beginning of the post.

 

P.S. Please note that the amount offered does not compensate for the work involved, please list each question on a different post

 

Thank you

Customer: replied 2 years ago.
You can answer one of the questions
Customer: replied 2 years ago.
You can answer one of the questions how much for all of them
Expert:  Manal Elkhoshkhany replied 2 years ago.
Usually the fair rate is around $15/$16 per problem, do you have a subscription plan?
Customer: replied 2 years ago.
yes is unlimited subscription
Expert:  Manal Elkhoshkhany replied 2 years ago.
Ok, so you can just post each question on a separate post and I will answer, then you accept them and you will not have to pay anything extra :)
Customer: replied 2 years ago.
Ques 2:
(TCO D) Ferro Wares is a division of a major corporation. The following data are for the latest year of operations:

Sales.........................................................................$33,040,000
Net Operating Income...................................................$ 1,453,760
Average Operating Assets ---------------------------------------------$ 8,000,000
The Company ‘s minimum required rate of return 18 %

Required:

i. What is the division's return on investment (ROI)?

ii. What is the division's residual income?
Customer: replied 2 years ago.

Ques 1:
(TCO D) Seebach Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for June appear below:

Sales revenues Apparel.....................................$700,000
Variable expenses Apparel.................................$406,000
Traceable fixed expenses Apparel........................$ 98,000
Sales revenues, Accessories..............................$710,000
Variable expenses, Accessories...........................$312,000
Traceable fixed expenses, Accessories............... .$107,000

Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.

Required:

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts

Customer: replied 2 years ago.

Ques 3:
(TCOD) The management of Thews Corporation is considering dropping product E28I. Data from the company's accounting system appear below:

Sales--------------------------------------------------------------$480,000
Variable expenses---------------------------------------------$202,000
Fixed manufacturing expense-------------------------------$158,000
Fixed Selling and administrative expense----------------$130,000

All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $86,000 of the fixed manufacturing expenses and $67,000 of the fixed selling and administrative expenses are avoidable if product E28I is discontinued.

Required:

i. What is the net operating income earned by product E28I according to the company's accounting system? Show your work!

ii. What would be the effect on the company's overall net operating income of dropping product E28I? Should the product be dropped? Show your work.

Customer: replied 2 years ago.
Ques 4:
. (TCO D) Part F77 is used in one of Wilcutt Corporation's products. The company's Accounting Department reports the following costs of producing the 7,000 units of the part that are needed every year.
Per Unit
Direct Materials ----------------------------------------------------$7.00
Direct Labor----------------------------------------------------------$6.00
Variable overhead--------------------------------------------------$5.60
Supervisor's Salary------------------------------------------------$4.70
Depreciation of special equipment-----------------------------$1.50
Allocated general overhead--------------------------------------$5.40

An outside supplier has offered to make the part and sell it to the company for $28.30 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $9,000 of these allocated general overhead costs would be avoided.

Required:

i. Prepare a report that shows the effect on the company's total net operating income of buying part F77 from the supplier rather than continuing to make it inside the company.

ii. Which alternative should the company choose?
Expert:  Manal Elkhoshkhany replied 2 years ago.

On differnt posts. Please hold I will get back to you

 

 

Expert:  Manal Elkhoshkhany replied 2 years ago.
Ok I am back, I am sorry I was helping someone with a timed assignment. When I asked you to list the questions separately, I mean "EACH" on a "SEPARATE POST" :)

I will post the solutions here one by one, and you click accept, but please for the other assignment, open a new question page for each question. Also, please advise your deadline

Thank you
Customer: replied 2 years ago.
y deadline is on Friday
Expert:  Manal Elkhoshkhany replied 2 years ago.

Here is the first one:

 

http://www.box.com/s/b7s3339l909irogmyzjg

 

 

Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9476
Experience: More than 5000 online tutoring sessions.
Manal Elkhoshkhany and 6 other Homework Specialists are ready to help you
Expert:  Manal Elkhoshkhany replied 2 years ago.

Please remember to Click Accept on each one

 

Here is number 2:

 

http://www.box.com/s/o0sn72bi447hkkb4sj0n

 

Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9476
Experience: More than 5000 online tutoring sessions.
Manal Elkhoshkhany and 6 other Homework Specialists are ready to help you
Expert:  Manal Elkhoshkhany replied 2 years ago.
Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9476
Experience: More than 5000 online tutoring sessions.
Manal Elkhoshkhany and 6 other Homework Specialists are ready to help you
Expert:  Manal Elkhoshkhany replied 2 years ago.
THIS ANSWER IS LOCKED!
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Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9476
Experience: More than 5000 online tutoring sessions.
Manal Elkhoshkhany and 6 other Homework Specialists are ready to help you
Expert:  Manal Elkhoshkhany replied 2 years ago.
No problem at all :)

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