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trapecia [35]
2 years ago
15

Required information The Foundational 15 (Static) [LO13-2, LO13-3, LO13-4, LO13-5, LO13-6] Skip to question [The following infor

mation applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 100,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 30 $ 12 Direct labor 20 15 Variable manufacturing overhead 7 5 Traceable fixed manufacturing overhead 16 18 Variable selling expenses 12 8 Common fixed expenses 15 10 Total cost per unit $ 100 $ 68 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. Foundational 13-1 (Static) Required: 1. What is the total amount of traceable fixed manufacturing overhead for each of the two products
Business
1 answer:
Nonamiya [84]2 years ago
5 0

Answer:

Cane Company

Total traceable fixed manufacturing overhead:

Alpha  = $1,600,000

Beta =    $1,800,000

Explanation:

a) Data and Calculations:

                                                                  Alpha      Beta

Selling price per unit                                 $120       $80

Direct materials                                         $ 30       $ 12

Direct labor                                                   20          15

Variable manufacturing overhead                7            5

Traceable fixed manufacturing overhead  16           18

Variable selling expenses                           12            8

Common fixed expenses                            15           10

Total cost per unit                                  $ 100       $ 68

Total traceable fixed manufacturing overhead:

Alpha  = $1,600,000 ($16 * 100,000)

Beta =    $1,800,000 ($18 * 100,000)

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Net income of Mansfield Company was $47,000. The accounting records reveal depreciation expense of $82,000 as well as increases
Helen [10]

Answer:

Cash flows from operating activities

Net Income                                              $47,000

Add: Non cash Expense Adjustments:

Depreciation                                            $82,000

Change in Working Capital:

Prepaid rent                            ($62,000)

Salaries payable                      $25,000

Income taxes payable             <u>$22,000</u>

Less: Net Change in WC                         <u>$15,000</u>

Net Operating Cash flow                        <u>$114,000</u>

Explanation:

Cash Flow from operating activities cash generated from to day to day activities of the business. All the cash flows needed to operate the business smoothly.

Depreciation is a non cash expense deducted in the calculation of Net income.

Increase in Liability will provide the cash and increase in assets will use the cash. So, the increase in prepaid expense is classified as increase in Assets and Increase in the Salaries payable and Taxes payable are classified as the increase in liability.

4 0
3 years ago
A company has $96,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
nekit [7.7K]

Answer:

$3,940

Explanation:

The journal entry to record the adjustment to the allowance account includes-

Debit   Bade debt expense                        $3,940 (Note - 1)

Credit  Allowance for doubtful accounts  $3,940

<em>Note - 1</em>

Calculation = $96,000 × 5% = $4,800

However, as the allowance for doubtful accounts has a credit balance of $860 credit, the new bad debt expense will be = ($4,800 - $860) = $3,940 debit.

3 0
3 years ago
The actual cost of direct materials is $ 12.50 per pound. The standard cost per pound is $ 9.00. During the current​ period, 9 c
MArishka [77]

Answer:

$59,400 favorable

Explanation:

The computation of the direct material quantity variance is shown below;

As we know that

Direct material quantity variance is

= Standard Price × (Standard Quantity - Actual Quantity)

= $9 × (16,400 pounds - 9,800 pounds)

= $9 × 6,600 pounds

= $59,400 favorable

The favorable variance indicates that the standard quantity is more than the actual quantity and the same is to be considered

6 0
3 years ago
A master production schedule quantity of 300 units will arrive in week 6. Weekly demand over weeks 3 through 10 is forecasted at
Daniel [21]
The correct answer is C) 300.
7 0
3 years ago
The Huffington Post generates revenue by providing​ ad-supported content such as​ news, blogs,​ entertainment, and commentaries.
iogann1982 [59]

Answer:

The answer is: A) To inform or entertain its audience

Explanation:

The Huffington Post generates revenue by selling ad-supported content, but that is not the mission of the company.

The main reason of any company to exist, including the Huffington Post, is to satisfy their customers' needs. In this case, the Huffington Post satisfies its clients' needs for entertainment and information.

5 0
3 years ago
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