Which of the following sectors should be restructured?

A job cost sheet of Sandoval Company is given below.

OLEGan [10]

Answer:

A. Direct materials-Materials requisition slips

Direct labor-Time tickets

Manufacturing overhead- Predetermined overhead rate

B. 125%

C. Total cost $7,760

Unit cost $3.104

Explanation:

1. Based on the information given the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job are :

Direct materials-Materials requisition slips

Direct labor-Time tickets

Manufacturing overhead- Predetermined overhead rate

2. Calculation to determine the predetermined manufacturing overhead rate

Predetermined overhead rate=$550/$440*100

Predetermined overhead rate=125%

Therefore the predetermined manufacturing overhead rate is 125%

3. Calculation to determine the total cost and the unit cost of the completed job

TOTAL COST

Direct Material $4, 700

($700 + $900 + $1,600 + $1,500)

Add Direct Labor $1,360

($440 + $380 + $540)

Add Manufacturing Overhead $1,700

($550 + $475 + $675)

Total Cost $7,760

UNIT COST

Unit cost= $7,760/ 2,500

Unit cost=$3.104

Therefore the total cost is $7,760 and the unit cost of the completed job is $3.104

8 0

2 years ago

Statement of retained earnings Hayes Enterprises began 2019 with a retained earnings balance of $ 928 comma 000. During 2019,

Temka [501]

Explanation:

a. The preparation of the statement of retained earnings for the year ended December 31, 2019 is presented below:

Hayes Enterprises

Statement of retained earnings

For the year ended December 31, 2019

Beginning balance of retained earning $928,000

Add: Net income $377,000

Less: Cash Dividend paid

Preference stock dividend -$47,000

Common stock dividend $210,000

Ending balance of retained earning $1,048,000

The common stock dividend is

= $928,000 + $377,000 - $47,000 - $1,048,000

= $210,000

b. The earning per share is

Earning Per share = (Net income - Preferred Dividends) ÷ (Average Common shares outstanding)

= ($377,000 -$47,000) ÷ (140,000 Shares)

= $2.36 per share

C. Dividend per share = Common Stock dividend ÷ Common Shares outstanding

= $210,000 ÷ 140,000 shares

= $1.50

8 0

3 years ago

is an input required for a multinational capital budgeting analysis, given that it is conducted from the parent's viewpoint. a.

Leto [7]

Answer:

e. All of the above are inputs required for capital budgeting analysis.

Explanation:

All of the given parameters are inputs required for capital budgeting analysis. is an input required for a multinational capital budgeting analysis, given that it is conducted from the parent's viewpoint.

a. Salvage value

Salvage value is the estimated resale value of an asset at the end of its useful life. It is an applicable cashflow in investment appraisal

b. Price per unit sold

This is the parameter used to calculate the amount of revenue which is the first line of cashflows in an investment appraisal

c. Initial investment

This is the amount that is first spent on capital acquisition of machinery or construction, it is a cashflow in year 0, of investment appraisal

d. Consumer demand

This is the another parameter used to calculate the amount of revenue which is the first line of cashflows in an investment appraisal

3 0

3 years ago

After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $10,000 price, but financing

liq [111]

Answer:

A. $3,520

B. $13,520

C. $240 monthly

D. 21.55%

Explanation:

A. Calculation for the total interest

Using this formula

Interest = (Principal) (Rate) (Time)

Let plug in the formula

Interest = (8000)(.11)(4)

Interest = $3,520

B. Calculation for the total cost of the car

Using this formula

Total Cost = Down Payment + Principal amount Borrowed + Interest amount

Let plug in the formula

Total Cost = $2,000 + $8,000 + $3,520

Total Cost = $13,520

C. Calculation for the monthly payment

Using this formula

Monthly Payment = (Principal amount Borrowed + Total interest amount ) / Total number of payments

Monthly Payment = ($8,000 + $3,520) / 48

Monthly Payment=$11,520/48

Monthly Payment=$240 monthly

Note 4-year * 12 months will give us 48months

D. Calculation for the annual percentage rate (APR) using this formula

APR= (2 × n × I) / [P × (N + 1)]

Let plug in the formula

APR = (2 × 12 × $3,520) / [$8,000 × (48+1)]

APR =$84,480/$8,000×49

APR=$84,480/$392,000

APR=0.2155×100

APR= 21.55%

7 0

3 years ago

This is a partial adjusted trial balance of Wildhorse Co.. WILDHORSE CO. Adjusted Trial Balance January 31, 2022 Debit Credit Su

Dominik [7]

Answer:

The entries are made as follows;

Explanation:

Service Revenue Dr.$4,350

Income Summary Cr.$4,350

(To close revenue account)

Income Summary

Supplies expense Dr.$910

Insurance Expense Dr.$540

Salaries and Wages Expense Dr.$1,770

Income Summary Cr.$3,220

(To close expenses)

Income Summary (4,350-3,220) Dr.$1,130

Retained Earnings Cr.$1,130

7 0

3 years ago