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Tanzania [10]
3 years ago
15

Miguel Alvarez in the accounting department at Baumer Company has provided the following information:

Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer:

$10.65

Explanation:

The computation of the incremental manufacturing cost in the case when the production level is changed

= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead per unit

= $6.25 + $3.20 + $1.20

= $10.65

Here the fixed cost would not be relevant

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X Co. issued 7% bonds with a face value of $200,000. At time of issue, the market interest rate for similar bonds was 8%. The bo
laiz [17]

Solution:

Given that :

X company issued bonds of 7 percent having face value of $ 200,000.

At the time of issue the market rate of interest is 8 percent.

Life of the bonds = 5 years

And interest is paid annually.

Now computing the issue price of bond:

Issue price of bond = ($ 200,000 x 7%) x PUIFA (8%, 5 periods) + ($ 200,000) x PUIF (8%, 5th period)

= ($ 14,000 x 3.99271) + ($ 200,000 x 0.68058)

= ($ 55,897.94) + ($ 136,116)

= $ 192,014

Journal entry of issuance of bond at the beginning of year 1

Date/ period     General journal            Debit                    Credit

Beginning of        Cash A/c                  $192,014          

period 1                Discount of bond      $ 7986

                             payable A/C

                            To bond payable a/c                              $200,000

Bond amortisating schedule using effective interest rate:

Period        Interest expense     Interest expense    Discount         Closing of

                   paid in advance          record                                         book value

Beginning

of period 1                                                                                            $192,014

Period 1      $14,000                     $15361                     $ 1361             $193,375

                                                  ($192,014 x 8%)

Period 2      $14,000                     $15470                     $1470            $194845

                                                  ($193,375 x 8%)  

Period 3      $14,000                     $15588                    $ 1588            $196433

                                                  ($194845 x 8%)

Period 4      $14,000                     $15715                    $ 1715             $198148

                                                  ($196433 x 8%)

Period 5      $14,000                     $15852                     $ 1852           $200000

                                                  ($198148 x 8%)

5 0
3 years ago
Question 6 write an essay on the forms of ownership​
Ne4ueva [31]

Answer:

huh?no one's got time to write an essay for you

3 0
2 years ago
Read 2 more answers
Parker Corp. owns 80% of Smith Inc.'s common stock. During Year 1, Parker sold Smith $250,000 of inventory on the same terms as
IrinaVladis [17]

Answer:

c. $500,000

Explanation:

Given that :

Parker Corp. owns 80% of Smith Inc.'s common stock

During Year 1, Parker sold Smith $250,000 of inventory

Therefore; adjusted for inter Corp. sales = $250,000

The following information pertains to Smith and Parker's sales for Year 1:

                         Parker                     Smith

Sales                 $ 1,000,000            $ 700,000

Cost of Sales    $400,000                $ 350,000

Total                   $ 600,000              $ 350,000

For the Unadjusted Cost of Sales of Parker and Smith = $400,000+$ 350,000

= $750,000

The amount that Parker should report as cost of sales in its Year 1 consolidated income statement = Unadjusted Cost of Sales - adjusted for inter Corp. sales

= $750,000 -  $250,000

= $500,000

7 0
3 years ago
What house designs are eco friendly?
VLD [36.1K]

Answer:

Cob.

Straw Bale. ...

Underground Homes. ...

Rammed Earth Construction. ...

Earth Sheltered Homes.

Solar Roofing. ...

Bamboo Flooring. ...

Cork Flooring.

Explanation:

hopes this helps

5 0
2 years ago
What types of planning do you do in your personal life? Describe these
asambeis [7]

Answer:

Every day we perform series of activities in which few are very important while other may not be. But to perform every activity, we need to design the things systematically. We prioritize our activities as per their importance and then we take the action to make it fruitful. As per their value and importance we may develop following types of plan in our daily life;

Strategic or operational plan: Strategic or Operational Plan means an arsenal plan which tells how we can achieve the ultimate goal of our given task by creating clear and defined steps. As an operational plan, if we have an important task in our hand then we have to create step by step action which is oriented towards achievement of overall objective. Eg: If Periodical exams are due for...

4 0
3 years ago
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