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algol13
3 years ago
9

Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing

Business
1 answer:
Whitepunk [10]3 years ago
3 0

Answer:

Tristar Manufacturing

1.                         Total                 Infantry              Special forces      

Machining,     80,000            46,315.79              33684.21

Setups,           24,000            13894.74               10,105.26

Receiving,       22,000           12736.84               9263.16

Packing          30,000             17368.42               12631.58

Working:

(27,500/47,500)* 80,000=46,315.79

(20,000/47,500)* 80,000=33684.21

The same rates are used for all costs 27,500/47,500= 0.5789 for Infantry

and 20,000/47,500= 0.4210 for  Special forces

2. Consumption Ratios

                               Infantry         Special forces       Total

Machine Hours,        0.5789          0.4210               47,500

Setups,                      0.75                   0.25                   400

Receiving Orders,     0.9               0.1                           1000

Packing Orders        0.47              0.53                  3400

3. Rate for Each activity

Machining $80,000/ 47,500= $1.68per machine hour

Setups $24000/ 400 setup =   $  60 per setup

Receiving $22,000/ 1000 receiving order =  Receiving $ 22 per receiving order

Packing $30,000/3400 packing order= Packing $8.82  per packing order

4.                      Total                 Infantry              Special forces      

Machining,     80,000               46200                 33800

Setups,           24,000             18000                    6000

Receiving,       22,000             19800                    2200

Packing          30,000              14112                       15888

Working

                                  Infantry         Special forces      

Machine Hours,        27,500 * 1.68         20,000*1.68                

Setups,                      300*60                    100*60                  

Receiving Orders,     900* 22                  100*22                  

Packing Orders        1600 *8.82              1,800* 8.82          

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Nash's Trading Post, LLC had an increase in inventory of $88800. The cost of goods sold was $414400. There was a $22200 decrease
makkiz [27]

Answer: $525,400

Explanation:

From the question, we are informed that Nash's Trading Post, LLC had an increase in inventory of $88800, the cost of goods sold was $414400 and that there was a $22200 decrease in accounts payable from the prior period.

Using the direct method of reporting cash flows from operating activities, Nash's's cash payments to the suppliers will be:

= $88,800 + $414400 + $22200

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4 0
3 years ago
Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec
DaniilM [7]

Answer:

See the journal entry below

Explanation:

Retained earnings A/c Dr $500,000

Dividends payable A/c Cr $500,000

Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.

NB.

Amount = Share × Price per share

Given that;

Share = 100,000

Price per share = $5

Amount

= 100,000 × $5

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4 0
3 years ago
Two eastern European countries formed a free trade agreement. As a result, one of the countries that used to produce its own pla
Aleonysh [2.5K]

Answer:

Trade creation

Explanation:

Trade creation is the process where there is increase in economics welfare as a result of joining a free trade area for example a customs Union.

Consumption experiences a shift from high cost producers to low cost producers causing expansion in trade.

In the given instance due to formation of free trade agreement, high cost plastic production is now replaced with low cost import of plastics from the other company.

There is a shift from high cost producers to low cost producers as a result of trade agreement between the two nations.

3 0
3 years ago
On January 1, 2015, East Lansing, Inc, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually.
Trava [24]

Answer:

The answer is option D

Explanation:

The bond can be issued at par, at a discount or at a premium depending on the coupon rate and the market interest. The price of the bond which pays semi annual coupon can be calculated using the formula of bond price. The formula to calculate the price of the bond is attached.

First we need to determine the semi annual coupon payment, periods and YTM.

Semi annual coupon payments = 2000000 * 0.1 * 6/12 = 100000

Semi annual periods = 5 * 2 = 10

Semi annual YTM = 0.08 * 6/12 = 0.04

Bond Price = 100000 * [(1 - (1+0.04)^-10) / 0.04]  +  2000000 / (1+0.04)^10

Bond Price = $2162217.916

The price of the bond is thus $2162290 approx. The difference in answers is due to rounding off.

5 0
3 years ago
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An example of turnover is whilst new employees leave, on average, once every six months. An instance of turnover is whilst a shop takes, on common, three months to sell all its cutting-edge inventory and requires new inventory. The fee at which workers in a business enterprise, sufferers in a medical institution, and many others. are replaced.

Turnover is an accounting idea that calculates how quickly a business conducts its operations. most often, turnover is used to recognize how speedy an agency collects cash from debts receivable or how speedy the organization sells its stock.

Turnover is the whole income made by means of a commercial enterprise in a positive duration. it's every now and then known as 'gross revenue' or 'earnings'. this is one-of-a-kind to earnings, which is a degree of profits.

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