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# ACCOUNTING HOMEWORK - I need these questions answered in 30

### Customer Question

ACCOUNTING HOMEWORK - I need these questions answered in 30 mins or less! ASAP1.)
Vega Company reported the following operating data for its shoe division for the year:
Sales \$670,000
Contribution margin 291,000
Controllable fixed costs 54,000
Average operating assets 350,000How much is controllable margin for the year?2.)Shasta Industries prepared a static budget at 47,000 direct labor hours, with estimated overhead costs of \$235,000 for variable overhead and \$116,000 for fixed overhead. The company then prepared a flexible budget at 58,000 labor hours. How much is total overhead costs at this level of activity?3.)Tufton Company provides the following information:
Average operating assets \$280,000
Controllable margin \$66,000
Contribution margin \$219,000
Minimum (required) rate of return 7.40%How much is the company's residual income?4.Kanter Industries produced 114,000 units using 57,000 direct labor hours. Production for the period was estimated at 116,000 units and 61,000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at:
57,000 hours and 61,000 hours.
59,000 hours and 59,000 hours.
61,000 hours and 54,197 hours.
57,000 hours and 57,000 hours.5.Buff Company had average operating assets of \$740,000 and sales of \$164,000 last year. If the controllable margin was \$90,000, what was the ROI?6.Adams Company uses flexible budgets. At 16,100 direct labor hours, the flexible budget for indirect materials is \$32,200. If \$36,800 in materials costs are incurred at 19,700 direct labor hours, the flexible budget report should show what difference for indirect materials?7The current controllable margin for Kirkland Corporation is \$76,000. Its current operating assets are \$730,000. The company is considering purchasing equipment for \$96,000 that will increase annual controllable margin by an estimated \$20,000. If the equipment is purchased, what will be the company's new ROI?8Theta retailers has established a 12.00% minimum rate of return. The company has two investment projects available:
Annual controllable margin Operating assets
Project A \$57,000 \$500,000
Project B \$48,000 \$540,000Which project(s) should be funded?9Kirkland Company produces a product requiring 12.8 pounds of material costing \$3.30 per pound. During December, the company purchased 4,500 pounds of material for \$17,200 and used the material to produce 420 products. What was the materials price variance for December?10Rover Company has a standard of 3.6 hours of labor per unit, at \$8.50 per hour. In producing 910 units, Rover used 3,400 hours of labor at a total cost of \$30,000. What is Rover's labor quantity variance?11The formula for the materials price variance is12Willard Company produces widgets. The following information is provided concerning its standard cost system for the year:
Standard Data Actual Data
Budgeted production 1,600 units Actual production 1,800 units