Homework

Homework

# hi Linda, hope u can help. I have 20 questions I need help

with I am not able to...
hi Linda, hope u can help. I have 20 questions I need help with

I am not able to post all of them in the ask your question box so what so I do??
Show More
Show Less
5/10/2013
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7,291
Experience: Post Graduate Diploma in Management (MBA)
Verified
Welcome and Thanks for requesting me.

You can choose to upload the question on this site or you can upload the on site like www.box.com or www.mediafire.com and share the link here.

Regards

Linda
Customer reply replied 4 years ago

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 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. The break-even point in dollar sales for Rice Company is
\$480,000 and the company’s contribution margin ratio
is 40 percent. If Rice Company desires a profit of
\$84,000, how much would sales have to total?

3. Williams Company’s direct labor cost is 25 percent of its
conversion cost. If the manufacturing overhead for the
last period was \$45,000 and the direct material cost was
\$25,000, how much is the direct labor cost?

4. 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 flow from investing activities on
the statement of cash flows a net increase or decrease?
By how much?

5. 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?

6. Lyons Company consists of two divisions, A and B. Lyons
Company reported a contribution margin of \$60,000 for
Division A, and had a contribution margin ratio of 30
percent in Division B, when sales in Division B were
\$240,000. Net operating income for the company was
\$22,000 and traceable fixed expenses were \$45,000. How
much were Lyons Company`s common fixed expenses?

7. Atlantic Company produces a single product. 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

8. 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?

9. At Overland Company, maintenance cost is exclusively a
variable cost that varies directly with machine-hours. The
performance report for July showed that actual maintenance
costs totaled \$11,315 and that the associated rate
variance was \$146 unfavorable. If 7,300 machine-hours
were actually worked during July, what is the budgeted
maintenance cost per machine-hour?

10. 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?

11. Denny Corporation is considering replacing a technologically
obsolete machine with a new state-of-the-art
numerically controlled machine. The new machine would
cost \$600,000 and would have a 10-year useful life.
Unfortunately, the new machine would have no salvage
value. The new machine would cost \$20,000 per year to
operate and maintain, but would save \$125,000 per year
in labor and other costs. The old machine can be sold
now for scrap for \$50,000. What percentage is the simple
rate of return on the new machine rounded to the nearest
tenth of a percent? (Ignore income taxes in this problem.

12. 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 market 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?

Top of Form

13. Harwichport Company has a current ratio of 3.0 and

an acid-test ratio of 2.8. Current assets equal \$210,000,

of which \$5,000 consists of prepaid expenses. The

remainder of current assets consists of cash, accounts

receivable, marketable securities, and inventory. What

is the amount of Harwichport Company`s inventory?

14. Tolla Company is estimating the following sales for the

first six months of next year:

January \$350,000

February \$300,000

March \$320,000

April \$410,000

May \$450,000

June \$470,000

Sales at Tolla are normally collected as 70 percent in the

month of sale, 25 percent in the month following the sale,

and the remaining 5 percent being uncollectible. Also, customers

paying in the month of sale are given a 2 percent

discount. Based on this information, how much cash

should Tolla expect to collect during the month of April?

15. Trauscht Corporation has provided the following data

from its activity-based costing system:

The 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 cost 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?

16. Williams Company`s direct labor cost is 30 percent of its

conversion cost. If the manufacturing overhead for the

last period was \$59,500 and the direct materials cost

was \$37,000, what is the direct labor cost?

17. In a recent period, 13,000 units were produced, and there

was a 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?

18. 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?

19. A company has provided the following data:

Sales 4,000 units

Sales price \$80 per unit

Variable cost \$50 per unit

Fixed cost \$30,000

If the dollar contribution margin per unit is increased

by 10 percent, total fixed cost is decreased by 15 percent,

and all other factors remain the same, will net operating

income increase or decrease? By how much?

20. For the current year, Paxman Company incurred

\$175,000 in actual manufacturing overhead cost. The

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?

Would you like to ask this question?
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7,291
Experience: Post Graduate Diploma in Management (MBA)
Verified
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7,291
7,291 Satisfied Customers
Experience: Post Graduate Diploma in Management (MBA)

Linda_us is online now

A new question is answered every 9 seconds

• 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.

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.
...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:

LogicPro

Engineer

5,731 satisfied customers

Expert in Java C++ C C# VB Javascript Design SQL HTML

Manal Elkhoshkhany

Tutor

4,551 satisfied customers

More than 5000 online tutoring sessions.

Linda_us

Finance, Accounts & Homework Tutor

7,291 satisfied customers

Post Graduate Diploma in Management (MBA)

Chris M.

M.S.W. Social Work

2,636 satisfied customers

Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

Chartered Accountant

2,161 satisfied customers

Experience with chartered accountancy

Bizhelp

CPA

1,887 satisfied customers

Bachelors Degree and CPA with Accounting work experience

Seanna

Tutor

1,781 satisfied customers

3,000+ satisfied customers, all topics, A+ work

< Previous | Next >

Related Homework Questions
I need help writing 2 poems in spanish, The listening
The listening passage for this examination consists of two poems. You'll hear the poems three times. These poems are to be written in Spanish as you hear them spoken on the tape. The listening passage for this examination consists of two poems. You'll hear the poems three times. These poems are to be written in Spanish as you hear them spoken on the tape. http://lessons.pennfoster.com/vid/Listening-Comprehension_Side-A_EQ0850.mp3 … read more
Cher
Masters Degree
1,381 satisfied customers
Answer, I am a paid member for service from Just Answer.I am
Dear Just Answer,I am a paid member for service from Just Answer.I am working in Excel. I need assistance in providing me a formula for totaling the number of similar numbers in a column of data (900+… read more
Master's Degree
180 satisfied customers
In an industrial setting, a pipe is plugged with fats, oils
In an industrial setting, a pipe is plugged with fats, oils and greases. Can you use steam, inside the pipe, to clear the plug? One coworker says yes, another says no. The reasoning behind the no is t… read more
David L.
Bachelor\u0027s Degree
6 satisfied customers
For LogicPro only: Design a C++ program in which a class
For LogicPro only: Design a C++ program in which a class should manage the free and allocated space. You should use a dynamic node implementation of link list to implement both lists for this assignme… read more
LogicPro
Engineer
Bachelor of Technology
5,731 satisfied customers
You can apply several different worksheets themes from which
You can apply several different worksheets themes from which tab? A.Insert, B. Home, C.File, or D. Page layout! Its not B What would be a situations in which you could use an excel chart to present yo… read more
GLENN
Master of Mathematics
343 satisfied customers
Just wanted to see if you would be interested in helping me
Hello Again! Just wanted to see if you would be interested in helping me with two more programs? I will attach the Program outlines and the Word documents. Please let me know if you would like to help… read more
George Sibiya
PhD
217 satisfied customers
6. How many worksheets display in the Excel window when you
6. How many worksheets display in the Excel window when you create a new blank workbook? A. 3 B. 2 C. 4 D. 1 Student Answer: A Answer: Incorrect Reference: Objective 2.17. What would be a situation in… read more
Software Developer
Associate Degree
37 satisfied customers
Question 18 of 20: Select the best answer for the question.
Question 18 of 20 : Select the best answer for the question. 18. What size paper should you use for a legal document? A. 3″ × 5″ B. 8½″ × 11″ C. 7¼″ × 10½″ D. 8½″ × 14″… read more
JA Engineer
Diploma (Honors)
163 satisfied customers
I need help with Exam Number: 00701400 Lesson Name: General
I need help with Exam Number: 00701400Lesson Name: General Math I, Study Unit 2 Pennfoster test… read more
GLENN
Master of Mathematics
343 satisfied customers
Answer all three questions and don't exceed 600 words for
Answer all three questions and don't exceed 600 words for each answer while using at least two references to support your answers for each question adopting APA citation in the text and in the referen… read more
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,161 satisfied customers
QUESTION 1 A(n) _________________ policy are codified as
QUESTION 1A(n) _________________ policy are codified as standards and procedures that are used when configuring or maintaining systems.0.10000 points Save AnswerQUESTION 2In systems analysis and desig… read more
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,161 satisfied customers
I need all the questions answered inthis pdf! I need all
I need all the questions answered inthis pdf! I need all sixty questions on all 21 pages answered!… read more
Steven, M.Acc.
Instructor
Master\u0027s Degree
252 satisfied customers
Exam Number: 584002RR I need all t he questions answered in
Exam Number: 584002RR I need all t he questions answered in excel in this pdf file now! Asap!… read more
The-PC-Guy
Bachelor\u0027s Degree
629 satisfied customers
How do you differentiate between an expression and an
How do you differentiate between an expression and an equation? Provide an example of each, where the two are either related to or similar to each other. … read more
GLENN
Master of Mathematics
343 satisfied customers
Duane will use an open system LAN because he knows the open
Duane will use an open system LAN because he knows the open system will support varieties of hardware and software components made by different vendors. Steve will use a closed system LAN because he k… read more
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,161 satisfied customers
IT 278 Network Administration 1. Server roles and features
IT 278 Network Administration 1. Server roles and features can be added and updated through both a GUI installation and a Server Core installation. In a short essay, explain how to use Windows PowerSh… read more
David L.
Bachelor\u0027s Degree
6 satisfied customers
For LogicPro only. need help with this debugging to input it
For LogicPro only.need help with this debugging to input it into raptor// A high school is holding a recycling competition // This program allows a user to enter a student's // year in school (1 throu… read more
LogicPro
Engineer
Bachelor of Technology
5,731 satisfied customers
I need the answer key to penn american literature, 986174RR
I need the answer key to penn foster american literature, 986174RR 986175RR 986176RR 986177RR 986178RR … read more
GLENN
Master of Mathematics
343 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