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3 years ago

Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4

Business

1 answer:

Vikentia [17]3 years ago

8 0

Answer:

Job No 306 351,000 Cost Of Goods Sold

Job No 307 500,000 Finished Goods Inventory

Job No 308 256,500 Work In Process Inventory

Explanation:

We add the March balance and the April balances for each of the jobs to get the desired results.

Marcelino Co

Job No 306

March

Direct Materials 25000

Direct Labor 25000

Applied Overhead 12500

Opening Work In Process 62500

April

Direct Materials 131000

Direct Labor 105000

Applied Overhead (50% of 105,000) 52,500

Total Costs Added In April 288500

Total Costs 351,000

Status on April 30 Finished & Sold

Included in Cost Of Goods Sold

Job No 307

March

Direct Materials 40000

Direct Labor 18000

Applied Overhead 9000

Opening Work In Process 67,000

April

Direct Materials 205000

Direct Labor 152000

Applied Overhead (50% of 152,000) 76,000

Total Costs Added In April 433,000

Total Costs 500,000

Status on April 30 Finished & Unsold

Included in Finished Goods Inventory

Job No 308

March

Direct Materials ------

Direct Labor --------

Applied Overhead -------

Opening Work In Process ------

April

Direct Materials 105000

Direct Labor 101000

Applied Overhead (50% of 101,000) 50,500

Total Costs Added In April 256,500

Total Costs 256,500

Status on April 30 In Process

Included in Work In Process Inventory

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Investing $1,500,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in thi

vagabundo [1.1K]

Answer:

Payback is 19 months

Explanation:

It is a capital budgeting problem. Firm has invested in TQM's Channel Support systems of $1,500,000. It will increase demand of product by 1.7%.

$166385985 x1.7071. = $166389948

Last years sales revenue was $163,608,638. A 1.7% increase will mean the saleswill be -

$166385985- $163608638 = 2781347

Thus increase in sales revenue is-

Now consider contribution margin. From total sales direct variable costs are deducted to get total contribution. It is 34.2% . So extral contribution due to 1.7% increase in sales is-

$2781347 x 34/2%= $95122

Thus increase in contribution margin will also increase profit to the same extent as there is no addition in fixed cost due to this project. So firm will be able to recover $951,221of initial investment of $1,500,000 in one year. Pay back is the time required to recover this full initial investment. It ascertained by dividing $1,500,000 amount by the net addition in profit per year. Answer is-

1,500,000+ 951221= 1.6759yrs x12months= 19months

6 0

3 years ago

Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = –

dexar [7]

Answer:

G = $20 Billion

Explanation:

Given that

C = $60 billion

GDP = $100 billion

Gross Investment = $30 billion

Net export = $10 billion

Recall that

GDP = C + Ig + G + Xn

Therefore

G = GDP - ( C + Ig + Xn )

G = 100 - ( 60 + 30 + [-10])

G = 100 - (90 - 10)

G = 100 - 80

G = 20

Thus, government expenditure is $20 billion.

8 0

3 years ago

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the

Triss [41]

Answer:

ATTACHED file with the bonds schedule

Explanation:

First, we solve for the proceed from the issuance:

PV of the coupon:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 25,000.000 (500,000 x 10%/2)

time 7 (3 and a half year x 2 payment per year)

rate 0.06 (12% annual / 2)

$25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\$

PV $139,559.5360

PV of maturity:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 500,000.00

time 7.00

rate 0.06

$\frac{500000}{(1 + 0.06)^{7} } = PV$

PV 332,528.56

PV c $139,559.5360

PV m $332,528.5568

Total $472,088.0928

Then we construct the bonds schedule as follows:

procceds 472,088

face value 500,000

discount on bonds payable -27,912

bond rate 0.05

market rate 0.06

ionterest expense: carrying value times market rate:

472,088 x 0.06 = 28,325.29

cash outlay 25,000

amortization 3,325.29

carrying value after first payment:

472,088 + 3,325.29 = 475,413.29

and the process repeat for all periods.

3 0

3 years ago

The first step in the decision-making process requires you to do what?

Semmy [17]

Answer:

think.....all you have to do is think XD

but in all honesty the answer is a determine your descision

4 0

2 years ago

Convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.

masya89 [10]

Answer: See explanation

Explanation:

To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

= 177°Celcius

(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

= 273 - 273

= 0°C

Temperature in Celcius = Temperature in Kelvin - 273

= 73 - 273

= -200°C

6 0

3 years ago