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Semenov [28]
3 years ago
9

For each of the following​ companies, specify whether each company would be more likely to use job costing or process costing. a

. Janitorial services company ▼ Job costing Process costing b. Soup manufacturer ▼ Job costing Process costing c. Commercial plumbing contractor ▼ Job costing Process costing d. Toothpaste manufacturer ▼ Job costing Process costing e. Catering service
Business
1 answer:
Oduvanchick [21]3 years ago
7 0

Answer: For each of the following​ companies, each company would be more likely to use:

a. Janitorial services company - <u>Job costing.</u>

b. Soup manufacturer - <u>Process costing.</u>

c. Commercial plumbing contractor - <u>Job costing.</u>

d. Toothpaste manufacturer - <u>Process costing.</u>

e. Catering service - <u>Job costing.</u>

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NikAS [45]

Answer:

1.

The annual net cost savings promised by the automated welding machine

Annual Costs savings in replacing 6 welders $108,000

Reduced Material costs $6,500

Total annual Costs savings = $114,500

Note there is a $3,000 annual maintenance cost that will then be taken off this savings amount to make up the Annual Net cash inflow of $111,500

2

A. The Net Present value is $72,227. Kindly refer to the attached document for the clear presentation

B. The project should be accepted because it delivers a positive NPV. Meaning the net benefit outweighs the cost of owning the new Assets.

3.

The Discounted net Cash flow for the 6 years (aside the initial outlay) is $402,227.

Annually this comes to $67,038.

The benefit the business gets in the switch to the automatic welders is approximately $67,038 annually.

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3 years ago
How does inflation hurt your savings?
siniylev [52]

Answer:

have to spend more money

Explanation:

4 0
2 years ago
Garden Zurich Corp. manufactures garden fountains. It currently has two product lines, the basic and the luxury. Garden Zurich h
wolverine [178]

Answer:

Garden Zurich Corp.

a. Traditional costing system with machine hours as the cost driver:

Overhead rate = $171,500/10,000 = $17.15

Overhead assigned to each product line:

Basic = $85,750 ($17.15 * 5,000)

Luxury = $85,750 ($17.15 * 5,000)

b. Activity rates for each cost pool:

Materials handling = $200 ($14,000/70)

Quality control = $100 ($37,500/375)

Machine maintenance = $120 ($120,000/1,000)

Explanation:

a) Data and Calculations:

Total overhead = $171,500

                             Basic    Luxury

Direct costs         $200      $300

Selling price          500         750

Contribution       $300      $450

Production units   800        500

Activity Cost           Cost Driver  Cost Assigned to Pool  Quantity/Amount  

Pools                                                                              Basic        Luxury

Materials handling Number of moves         $14,000      20           50 moves

Quality control       Number of inspections $37,500   250          125 inspec.

Machine                 Number of machine

maintenance            hours                         $120,000  5,000    5,000 m.hour

Total overhead costs                                  $171,500

4 0
2 years ago
What is a transferable skill ?
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Answer:

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8 0
2 years ago
Prepare a bank reconciliation for Cole Co. assuming the following as of May 31. Use the worksheet provided in the Ch 7 Module: 1
goblinko [34]

Answer:

Cole Co.

Bank Reconciliation Statement

Balance as per cash account adjusted $112,933

add uncredited deposits                             11,317

less Outstanding checks                         -41,750

Balance as per bank statement            $82,500

Explanation:

a) Data and Calculations:

Cash account debit balance = $95,250

Bank statement balance = $82,500

Outstanding checks = $11,317

Credit memorandum $18,000

Collection fee $45

Check 1115 for Rent Expense of $1,350 transposed as $1,050 = $300 ($1,350 - $1050)

Uncredited deposits = $41,750

Interest earned = $28

Cash Account Adjustment:

Cash account debit balance        $95,250

Debit:

Credit memorandum                      18,000

Interest earned                                      28

Credit:

Collection fee                                       -45

Rent Expense (understated)             -300

Adjusted cash account balance $112,933

b) The bank reconciliation statement above was prepared after adjusting the cash account with items that were recorded by the bank but not recorded by Cole Co. and other misstatements.  With the adjusted cash account balance, the bank reconciliation was then carried out with the items that were not recorded by the bank.  The resulting figure should agree with the bank statement balance.

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3 years ago
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