Answer: $352,000
Explanation:
The information needed to calculate the cash and cash equivalent are:
Balance in checking account, Bank of the East = $ 382,000
The restricted cash included in the checking account = $49,000
Treasury bills = $19,000
We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:
= ($382,000 - $49,000) + $19,000
= $333,000 + $19,000
= $352,000
Answer:
Adriana Corporation
Using the High and Low method the Variable and Fixed portions of the Total Cost is:
Fixed Costs = $247,420
Variable Costs = $39.50 Per unit x 8,020 Machine Hours = $316,790
B. at an average of 7,500hrs Machine hours, the estimated Overhead costs = $247,420 x (39.50 x 7,500)
= $543,670
Explanation:
The High and Low Method is a costing method which attempts to split the mix of Fixed and Variable costs in a mixed Total cost of production by looking at one element of variability (in this case Machine Hours)
It is a subjective approach, however simple to calculate. Other method is the regression analysis, which is more complex in comparison to the high and Low
The attached excel file shows how we derived the Variable and Fixed Costs element of the Overhead Costs
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Answer:
operation cash flow ( OCF ) is $98800
Explanation:
given data
number of units = 3800 units
variable cost = $185 per unit
fixed costs = $364,000
depreciation expense = $104,000
sales price = $305 per unit
tax rate = 35 %
fix cost = $360,000
to find out
what is the OCF given this analysis
solution
we know operation cash flow ( OCF ) is express as
OCF = [ { selling - variable cost ) × no of units } - fixed cost ] × [ tax rate ] + [ deprecation × tax rate ] ..............................1
put here all these value
OCF = [ { 305 - 185 ) × 3800 } - 360000 ] × [ 35% of income before tax ] + [ 104,000 × 0.35 ]
OCF = 96000 - 0.35×96000 + 36400
OCF = 62400 + 36400
OCF = $98800
Answer:
$13,640 Unfavorable
Explanation:
Data provided
Actual hours = 2,600
Standard hours = 6.0
Standard variable overhead rate = $12.40
The computation of variable overhead efficiency variance is shown below:-
Variable overhead efficiency variance = (Actual hours - Standard hours) × Standard rate
= (2,600 - (250 × 6.0)) × $12.40
= (2,600 - 1,500) × $12.40
= 1,100 × $12.40
= $13,640 Unfavorable
Therefore for computing variable overhead efficiency variance we simply applied the above formula.
Answer:
C. long-term spot rates are higher than the average of current and expected future short-term rates
Explanation:
