Problem 5-7 Analyzing Transactions

Oksi-84 [34.3K]

A caterer is someone who arranges the delivery, preparation and presentation of food for clients. If you've ever attended a bridal shower, fund raiser, rehearsal dinner, wedding reception or a bar mitzvah that had beautifully prepared and presented food, chances are that event was catered.

6 0

3 years ago

Upton Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products usin

Nataliya [291]

Answer:

$67.80.

Explanation:

Long Short

Direct materials per unit $ 14.70 $ 48.50

For 60,000 units 882,000

Direct labor per unit $ 17.30 $ 50.90

For 60,000 units 1038000

Direct labor-hours per unit 0.70 2.10

Estimated Overhead 1796,077 1690,343

Total Costs 3716077

Unit Cost = Total Costs/ No of units = $ 3716077/ 60,000= $ 61.93=$ 62

Working

Direct labor support Cost for Long= ( $ 2,034,020 / 63,000 )* 42,000 =

$ 1356,013

Setting up machines Cost for Long(434,400 / 2,940 )*1190= $175,829

Part administration Cost for Long =( 1,018,000 / 3,660)* 950= $ 264,235

Long Short

Direct materials per unit $ 14.70 $ 48.50

Direct labor per unit $ 17.30 $ 50.90

Direct labor-hours per unit 0.70 2.10

Annual production 60,000 10,000

Estimated total manufacturing overhead $3,486,420

Estimated total direct labor-hours 63,000

Activities Activity Estimated

Measures Overhead Cost

Direct labor support (DLHs) $ 2,034,020

Setting up machines (setups) 434,400

Part administration (part types) 1,018,000

Total $ 3,486,420

Expected Activity Long Short Total DLHs

42,000 21,000 63,000

Setups 1,190 1,750 2,940

Part types 950 2,710 3,660

The unit product cost of product Long under the company's traditional costing system is closest to:

3 0

3 years ago

NewCorp has net income of $360. The firm pays out 35 percent of the net income to its shareholders as dividends. During the year

zmey [24]

Answer:

The cash flow to stockholders amounts to $45

Explanation:

Cash flow to stockholders is the term which is defined as the cash amount which the company pays out to the shareholders.

The cash flow to stockholders is computed as:

Cash flow to stockholders = Dividend paid - New equity raised

where

Dividend paid is computed as:

Dividend paid = Net Income × %

= $360 × 35%

= $126

New equity raised is $81

So, putting the values above:

Cash flow to stockholders = $126 - $81

Cash flow to stockholders = $45

4 0

3 years ago

It was 8:00 a.m. on Saturday morning. Liz just learned that her well-meaning cousins were headed over to help her unpack her hou

Ymorist [56]

Answer:

empowered

Explanation:

According to my research on employee roles and responsibilities, I can say that based on the information provided within the question in this situation we can say that the employee was empowered. This can be said because he too the initiative in order fix the problem in a way that would leave the customer happy and wanting to come back again.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0

4 years ago

On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes

Ludmilka [50]

Answer:

$15000

Explanation:

All types of bonds have some common characteristics which include;

- A face/par value

- A coupon rate (interest rate).

- Either redeemable/irredeemable or convertible.

The face value of one bond is $1000 so the total value of 300 bonds would be $300,000 (300×$1000). In this example these are redeemable bonds which means Whitefeather Industries would be liable to payback the capital amount of bonds after five years (maturity date).

The coupon rate (i.e interest) is charged on Par value. So the Interest can be calculated as $300,000×10% = $30,000 per year.

In this question interest is payable semi-annually, therefore The amount of interest that occurs on December 31, 2017 is $15000 (For the last six months - July 1st till Dec 31st; $30000×6÷12).

4 0

3 years ago