Business and Finance Homework

Need finance homework help? Ask an Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

Please complete the answers in detailed form … The work need…

Please complete the answers in...
Please complete the answers in detailed form … The work need to be shown !!!Managerial Accounting1. The work-in process inventory account of a manufacturing company show a balance of $3,000 at the end of an accounting period. The job-cost sheets of the two incomplete jobs show charges of $500 and $300 for direct materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate as a percentage of direct labor costs. What percentage is the rate?2. Grading Company's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account decreased by $16,000 and its marketable securities account increased by $22,000. Cash provided by operating activities was $24,000. Net cash used for financing activities was $20,000. Based on this information, was the net cash flows from investing activites on the statement of cash flows a net increase or decrease? By how much?3. Gladstone Footwear Corporation's flexible budget cost formula for supplies, a variable cost, is $2.82 per unit of output. The company's flexible budget performance report for last month showed an $8,140 unfavorable spending variance for supplies. During that month 21,250 units were produced. Budgeted activity for the month had been 20,900 units. What is the actual cost per unit for indirect materials?4. Atlantic Company produces a single products. For the most recent year, the company's net operating income computed by the absorption costing method was $7,800, and its net operating income computed by the variable costing method was $10,500. The company's unit product cost was $15 under variable costing and $24 under absorption costing. If the ending inventory consisted of 1,460 units, how many units must have been in the beginning inventory?5. Black Company uses the weighted-average method in its process costing system. The company's ending work-in-process inventory consists of 6,000 units, 75 percent complete with respect to materials and 50 percent complete with respect to labor and overhead. If the total dollar value of the inventory is $80,000 and the cost per equivalent unit for labor and overhead is $6.00, what is the cost per equivalent unit for materials?6. The cost of goods sold in a retail store totaled $650,000. Fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $420,000. If the store's contribution margin totaled $590,000, how much were the sales?7. Lounsberry Inc. regularly uses material O55P and currently has in stock 375 liters of the material, for which it paid $2,700 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $6.35 per liter. New stocks of the material can be purchased on the open material for $7.20 per liter, but it must be purchased in lots of 1,000 liters. You've been asked to determine the relevant cost of 900 liters of the material to be used in a job for a customer. What is the relevant cost of the 900 liters of material O55P?8. Trauscht Corporation has provided the following data from its activity-based costing system:Activity Cost Pool Total Cost Total ActivityAssembly $704,880 44,000 machine-hoursProcessing orders $91,428 1,900 ordersInspection $117,546 1,950 inspection-hoursThe company makes 360 units of product P23F a year, requiring a total of 725 machine-hours, 85 orders, and 45 inspection-hours per year. The product's direct materials cost is $42.30 per unit and its direct labor is $14.55 per unit. The product sells for $132.10 per unit. According to the activity-based costing system, what is the product margin for product P23F?9. In a recent period, 13,000 units were produced, and there was favorable labor efficiency variance of $23,000. If 40,000 labor-hours were worked and the standard wage rate was $13 per labor-hour, what would be the standard hours allowed per unit of output?10. The balance in White Company's work-in-process inventory account was $15,000 on August 1 and $18,000 on August 31. The company incurred $30,000 in direct labor cost during August and requisitioned $25,000 in raw materials (all direct material). If the sum of the debits to the manufacturing overhead account total $28,000 for the month, and if the sum of the credits totaled $30,000, then was Finished Goods debited or credited? By how much?11. For the current year, Paxman Company incurred $175,000 in actual manufacturing overhead cost. The manufacturing overhead account showed that overhead was overapplied in the amount of $9,000 for the year. If the predetermined overhead rate was $8.00 per direct labor-hour, how many hours were worked during the year?!!! Need complete detail of how you got you answers !!!
Show More
Show Less
Ask Your Own Business and Finance Homework Question
Answered in 1 hour by:
3/17/2018
Manal Elkhoshkhany
Category: Business and Finance Homework
Satisfied Customers: 9,993
Experience: dasdasd
Verified

Hello,

I can help you, but please advise the deadline. I also believe that a fair amount for those problems would be $70 (Actually the average price is $10 so it should be $110, but I am willing to help for $70); would that be ok?

Thank you

Ask Your Own Business and Finance Homework Question
Customer reply replied 4 months ago
Good Day,I need it by Wednesday.
Customer reply replied 4 months ago
The $70 is ok.

Great :)

I will send you an offer, please accept it and I will start on them tonight.

Thank you

Ask Your Own Business and Finance Homework Question
Customer reply replied 4 months ago
Ok, I will await the TOTAL cost for the assistance.

Hello Hazel,

I have sent you an offer (will resend), please accept it so that I can start on the assignment

Thank you

Ask Your Own Business and Finance Homework Question

Hi again,

Hazel did you receive my offer?

Manal Elkhoshkhany
Category: Business and Finance Homework
Satisfied Customers: 9,993
Experience: dasdasd
Verified
Manal Elkhoshkhany and 87 other Business and Finance Homework Specialists are ready to help you
Ask your own question now
Customer reply replied 4 months ago
Did you get my contact info?

Just logged in now :) You caught me :)

Yes I did :)

Thank you hazel :)

Ask Your Own Business and Finance Homework Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business tutorLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Manal Elkhoshkhany Your Own Question
Manal Elkhoshkhany
Manal Elkhoshkhany
Manal Elkhoshkhany
Category: Business and Finance Homework
Satisfied Customers: 9,993
9,993 Satisfied Customers
Experience: dasdasd

Manal Elkhoshkhany is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

linda_us

linda_us

Master's Degree

852 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

F. Naz

Bachelor's Degree

565 satisfied customers

Have completed B.COM and CA Finalist

Bizhelp

Bizhelp

Accountant

260 satisfied customers

BA degree and Certified Public Accountant

Manal Elkhoshkhany

Manal Elkhoshkhany

9,993 satisfied customers

dasdasd

Mr. Gregory White

Mr. Gregory White

Master's Degree

211 satisfied customers

M.A., M.S. Education / Educational Administration

Brittany

Brittany

Professional

30 satisfied customers

AA/Accounting BS/Business

Dimitry K., Esq.

Dimitry K., Esq.

Doctoral Degree

19 satisfied customers

JD/MBA, Business Attorney

< Previous | Next >

Related Business and Finance Homework Questions
Questions 1 to 20: Select the best answer to each question. Note that
Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers… read more
F. Naz
F. Naz
Bachelor's Degree
CA Finalist & Completed B.com
565 satisfied customers
I have some Accounting questions that I need help with. If
I have some Accounting questions that I need help with. If I post the questions can I get some help with them?… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
9,993 satisfied customers
Hello! so are you being about to help me with my accounting
Hello! so are you being about to help me with my accounting homework? they are all general accounting so I think $60 is a bit expensive. would you mind accept $40… read more
Expert
Expert
1. The work-in-process inventory account of a manufacturingcompany
1. The work-in-process inventory account of a manufacturing company shows a balance of $3,000 at the end of an accounting period. The job-cost sheets of the two incomplete jobs show charges of $500 an… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
9,993 satisfied customers
1. The work-in process inventory account of a manufacturing
1. The work-in process inventory account of a manufacturing company shows a balance of $3,000 at the end of an accounting period. The job-cost sheets of the two incomplete jobs show charges of $500 an… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Hi Linda, I need these answered by Sunday night 0800 CST.
Hi Linda, I need these answered by Sunday night 0800 CST. Thanks! Question 1) Heros, Inc., manufactures women's boating shoes. Manufacturing overhead is assigned to production on a machine-hour basis.… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
1. The work-in process inventory account of a manufacturing
1. The work-in process inventory account of a manufacturing company shows a balance of $3,000 at the end of an accounting period. The job-cost sheets of the two incomplete jobs show charges of $500 an… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
Hello, I have a few questions that I need help with. I have
Hello, I have a few questions that I need help with. I have my answers which I want to make sure are right so I'd appreciate if you could show me the answer as well as how you got the answer (showing … read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
Complete the following exam by answering the questions and compiling
Complete the following exam by answering the questions and compiling your answers into a word-processing document. Be certain to indicate the proper question number before each of your answers. Rememb… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
Chapter 6 and 7 Problems Please complete the following 8
Chapter 6 and 7 Problems Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calcul… read more
Mr. Gregory White
Mr. Gregory White
Master's Degree
Master's Degree
211 satisfied customers
Please note I need to show work and this is due 9pm central
Please note I need to show work and this is due 9pm central time thanks! (at the end of ch 7 problem 5 is a guide and to prblem ) Chapter 6 and 7 Problems Please complete the following 8 exercises bel… read more
Seanna
Seanna
Writer, tutor, editor, job coach
2,681 satisfied customers
1. The work-in-process inventory account of a manufacturing company
1. The work-in-process inventory account of a manufacturing company shows a balance of $3,000 at the end of an accounting period. The job-cost sheets of the two incomplete jobs show charges of $500 an… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
HI I see you have helped with Managerial Accounting Exam 06168501.
HI I see you have helped with Managerial Accounting Exam 06168501. I am having tons of issues figuring out most of the answers, are you able to assist?… read more
Steven, M.Acc.
Steven, M.Acc.
Instructor
Master\u0027s Degree
252 satisfied customers
Hi here is another question that I need help with. it consist
Hi here is another question that I need help with. it consist of two parts the part that is on the link i need the answers only and the part that I have pasted here I need that you provid me with the … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Hi, I need some help on my accounting exam #(NNN) NNN-NNNN Is there
Hi, I need some help on my accounting exam #(NNN) NNN-NNNN Is there any way I can get some help?… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
Hi, I need help with the Pennfoster Managerial accounting exams
Hi, I need help with the Pennfoster Managerial accounting exams number 061683,061684,06168501… read more
Steven, M.Acc.
Steven, M.Acc.
Instructor
Master\u0027s Degree
252 satisfied customers
1. (TCO A) Wages paid to materials handlers are considered
1. (TCO A) Wages paid to materials handlers are considered an example of: (Points : 5) Direct labor: yes; Period cost: no Direct labor: no; Period cost: yes Indirect Overhead: yes; Period cost: yes Di… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
for BusinessTutor: accounting assistance Id like to schedule
for BusinessTutor: accounting assistance I'd like to schedule another online session with you for help with my accounting 2 questions. Anytime between now and Sunday the 19th. When are you available?… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
9,993 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x