The Laser world income Statement for 2021 is as follows:
Sales revenue $198,000
Cost of sales 108,900
Gross profit 89,100
Operating expenses 69,000
Net income $20,100
Other Facts:
Included in operating expenses:
Depreciation Expense 7500
Vehicle expense 2800
Interest Expense 15600
Gain on Sale of Asset 5000
Pension Contribution 7500
Other:
Dividends 13800
Cash Rec'd From Sale of Assets 35000
Basis of Assets Sold 30000
Required:
1. Jornalize the above transactions.
Answers
Answer:
journal entries to record revenues and gains:
Dr Cash 193,000
Cr Sales revenue 193,000
Dr Cash 35,000
Cr Asset 30,000
Cr Gain on sale of asset 5,000
journal entry to record COGS:
Dr Cost of goods sold 108,900
Cr Merchandise inventory 108,900
journal entries to record expenses:
Dr Depreciation expense 7,500
Dr Vehicle expense 2,800
Dr Interest expense 15,600
Dr Pension expense 7,500
Cr Cash 50,600
Dr Other operating expenses 18,400
Cr Cash 18,400
journal entries to record dividends (declaration and payment):
Dr Retained earnings 13,800
Cr Dividends payable 13,800
Dr Dividends payable 13,800
Cr Cash 13,800
Related Questions
when the fed reacts to a positive aggregate demand shock, which is likely to make the period of disinflation (reducing the inflation rate) shorter?
Answers
Credibility on the part of the Fed is likely to make the period of disinflation (reducing the inflation rate) shorter.
How fed can affect aggregate demand?The Federal Reserve can indirectly increase demand by decreasing interest rates, although having a negligible direct influence on total demand. When interest rates are lowered, asset prices rise.
Higher asset prices for assets like houses and stocks improve consumer confidence, which results in greater purchases and higher overall spending levels. Higher stock prices typically enable businesses to raise additional cash at more affordable rates.
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Review the two buyer profiles provided, and using the property profiles provided in the assessment, match each buyer with potential properties from the suburbs. You may use any real estate website to find these properties. Document your findings in the Buyer Profile form.
Prepare an email to each of the buyers inviting them to inspect the properties that you have matched them with, detailing the property features and explaining how the property can meet their needs.
Briefly prepare an email response to the following scenario: Buyer 1 responds to your selection by explaining that the price of the property is out of their comfortable borrowing power.
Develop a communication strategy for your agency, including record keeping processes, to address buyer expectations.
This strategy must address the following criteria:
How often you would communicate with clients and why
What methods you would use to communicate with clients and their advantages
How to present information to clients and why
What record keeping system would you use to record buyer interactions
Questions you would ask during the initial meeting
Answers
A communication strategy for your agency, including record-keeping processes, to address buyer expectations.
Communication Strategy:
Communication Frequency: The agency should communicate with clients regularly to keep them informed about new properties, provide updates on the properties they are interested in, and answer their queries promptly. Regular communication helps build trust and rapport with clients.Communication Methods: The agency should use various communication methods, including phone, email, text messages, and social media, to communicate with clients. Each method has its advantages, and the agency should use them based on the client's preferences and the urgency of the communication.Information Presentation: The agency should present information to clients in a clear, concise, and organized manner. The agency should use visuals, such as photos and videos, to showcase properties' features and provide detailed property information. Clear communication helps clients make informed decisions.Record Keeping: The agency should maintain a detailed record of all client interactions, including their property preferences, budget, and communication history. The agency should use CRM (customer relationship management) software to keep track of all client interactions.Initial Meeting Questions: The agency should ask clients questions about their property preferences, budget, location, and other relevant information during the initial meeting. The agency should use this information to provide tailored property recommendations to clients.To learn more about communication strategy visit;
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What is "principal"?
OA. The amount you earn on an investment.
OB. The original money invested.
O c. The interest on interest earned.
OD. None of the above.
Answers
this is because principles are the total amount of money borrowed or invested.
In order to be fully rested before Angel’s big History test, she should get at least________hours of sleep.
a.
8
c.
9
b.
7
d.
10
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B. 7 hours
Explanation:
right on edg
Answer: B. 7 hours
Explanation: On Edge!
(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
Answers
The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to: always charge a low price.
What is a Payoff Matrix?Generally, In the field of game theory, a description of a game is referred to as normal form. In contrast to extended form, normal-form representations are not graphics in and of themselves; rather, they use matrices to depict the game in question.
The outcomes of the decisions made by players in a game may be represented using something called a reward matrix.
The structure of a game, such as whether players take in turns to do actions or if a player must make a decision without knowing what option the other player will make, is not conveyed by a payout matrix. Components that make into a payoff matrix.
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Kali's the transaction broker for seller Joshua. Joshua is buying a house in St. Louis from
Norman, who's represented by his agent, Marc. To whom does Kali owe fiduciary duties
in this transaction?
Joshua
Marc
No one
Norman
G
Answers
Kali owe fiduciary duties in this transaction to no one.
What are fiduciary duties?
A fiduciary duty involves actions taken in the best interests of another person or entity. Fiduciary duty describes the relationship between an attorney and a client or a guardian and a ward. Fiduciary duties include duty of care, loyalty, good faith, confidentiality, prudence, and disclosure.
It has been successfully argued that an employee may have a fiduciary duty of loyalty to an employer.
Fiduciary duty is one of the highest and most respected obligations. Fiduciaries are paid to work. However, they are also tasked with the responsibility of being the eyes and ears of their client, working to secure the client’s desired outcomes without any promise of additional compensation for doing so.
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Mandren Inc. has a fire insurance policy from the Blundi Insurance Company with a 90% coinsurance clause based on replacement cost. The replacement cost of the building is $600,000. The face amount of the policy Mandren purchases is $400,000. If a covered loss in the amount of $200,000 occurs, how much will Mandren collect from their insurer
Answers
The amount of compensation that Mandren will collect from their insurer will be $133,333.33 because the Face value is less than the Replacement value
What is the rule of Under-insurance?Generally, the rule of Under-insurance is that the Insurer will never pay more than the extent of subject matter insured.
In this case, the value of subject matter insured (face value) is less than the Replacement value of the property
Given Data
Replacement cost = $600,000.
Face amount of policy = $400,000
Loss amount = $200,000
Loss payable = Face amount/Replacement cost * Loss amount
Loss payable = $400,000 / $600,000 * $200,000
Loss payable = $133,333.3333
Loss payable = $133,333.33.
In conclusion, the amount of compensation that Mandren will collect from their insurer will be $133,333.33 because the Face value is less than the Replacement value.
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Compare and contrast the three categories of project resource.
Answers
Answer:
Brainiiest Please!
Work resources − People and equipment to complete the tasks.
Cost resources − Financial cost associated with a task. Travel expenses, food expenses, etc.
Material resources − Consumables used as project proceeds. For example, paint being used while painting a wall.
Explanation:
People and equipment to complete the tasks.
Financial cost associated with a task. Travel expenses, food expenses, etc.
Consumables used as project proceeds. For example, paint being used while painting a wall.
With your bill paid off and starting back at $0, the latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once, so you make the minimum payment each month.
Answers
If you only make the minimum payment on your credit card each month, you'll end up paying much more in interest charges over time. The minimum payment is usually only a small percentage of your total balance, such as 2-5%, and if you only pay this amount, it can take years to pay off your balance and you'll end up paying a lot more in interest charges.
Let's assume your credit card has an interest rate of 20% and the minimum payment is 2% of your balance (including the cost of the new video game). If you put the new video game on your credit card, your new balance will be $60.
To calculate your minimum payment, you would multiply your balance by the minimum percentage payment, which is 2% in our example:
Minimum payment = $60 x 2% = $1.20
If you only make the minimum payment each month, it will take you over 5 years and cost you around $75 in interest charges to pay off the $60 balance. In other words, you'll end up spending $135 in total for the video game that originally cost $60.
Alternatively, if you can afford to pay more than the minimum payment each month, you'll save money in interest charges and pay off your balance much faster. For example, if you pay $10/month instead of the minimum payment of $1.20, you'll pay off your balance in less than 7 months and only pay $6.40 in interest charges.
It's always best to pay off your credit card balance in full each month to avoid interest charges. If you can't afford to pay it off in full, pay as much as you can each month to avoid paying more in interest charges than necessary.
To be eligible for the leadership training program offered by the office, a student must have at least 2 years of post-secondary education or have gone through the organization finance training.
In cell K2 enter a formula using the IF and OR functions and structured references as follows to determine if Kay Colbert can join the leadership training program:
a. The IF function should determine if the value in the student's Post-Secondary Years column is greater than or equal to 2 OR if the value in the student's finance certified status is "Yes", returning the text Yes if a student meets one or both of those criteria or the text No if a student meets neither of those criteria.
Answers
To be able to determine if Kay Colbert can join the leadership training program in response to question A, The formula to use for the problem is:
=IF(OR(D2>=2,G2>"Yes"), "Yes", "No")
What is an if and function?One of Excel's most useful features is the IF function. The finest aspect is that you may mix IF with other functions to boost its potency. One of the most beneficial formula combinations in Excel is IF and OR.
The IF AND excel formula allows the user to test several conditions utilizing AND functions by combining two different logical functions, which are frequently nested together. The IF function returns either "true" or "false" depending on the results of the AND function.
Note that by using the function above, one can be able to know if the value in the student's Post-Secondary Years column is greater than or equal to 2 OR if the value in the student's finance certified status is "Yes".
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According to material in this textbook, what is the number one reason a business chooses to use social media? Increase exposure for a business.
Answers
The number one reason a business chooses to use social media is to increase their exposure and reach a wider audience.
By utilizing social media platforms, businesses can post content that can be seen by more people, create a presence in the digital space, and expand their customer base. Additionally, social media allows businesses to better engage with potential customers, build relationships, and monitor customer feedback. Social media also offers a cost-effective form of advertising, which can be used to promote products, services, and content. Furthermore, businesses can utilize social media to increase their visibility and reputation, reach more potential customers, and keep current customers informed about company updates. Ultimately, using social media is an effective way for businesses to expand their reach and promote their products and services.
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limited willpower is more of a problem when decisions are made for the short run than for the long run
Answers
Short-term decisions are more problematic than long-term ones because of limited willpower. It is accurate to say this.
Willpower: Is it finite or infinite?
Yes. We all have a certain amount of willpower, so the more we exert it, even over seemingly minor issues, the worse the willpower humans will have at this same conclusion of every day. People have varying amounts of willpower.
What happens when one lacks willpower?
A Muscle Like Willpower
You could find it harder to resist temptation as a result of this "willpower depletion." Even while it could be temporarily worn out, your willpower could indeed eventually become stronger, much like your muscles do when you workout.
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See if you can match the design approaches Kate uses to the messages she applied them to.
Click to select each message design approach, then click the blank space for the message it
matches to move it.
"I know you're on deadline, but I also know that the project is very important for all of us. May
I ask you a question about it..."
"We've just experienced three problems with the ABC product. The problems are... I see three
simple solutions, and they are... I'll go ahead and implement these solutions on Thursday
unless I hear otherwise from you before then..."
"Given your announcement that customer service is our #1 priority for the month, I would like
your approval to hire a temp to help Bill this month so he can focus on service enhancements."
"Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter.
Would you like to increase the budget for the XYZ product?"
Select one
Select one
Select one
Select one
Answers
The design approaches to the messages as observed are Emotional appeal, Problem-solution approach, Persuasive approach based on shared values, and Data-driven approach.
What are the appropriate matching of the approaches?Matching each message with its corresponding design approach are as follows:
1. "I know you're on deadline, but I also know that the project is very important for all of us. May I ask you a question about it..."
Design approach: Emotional appeal
2. "We've just experienced three problems with the ABC product. The problems are... I see three simple solutions, and they are... I'll go ahead and implement these solutions on Thursday unless I hear otherwise from you before then..."
Design approach: Problem-solution approach
3. "Given your announcement that customer service is our #1 priority for the month, I would like your approval to hire a temp to help Bill this month so he can focus on service enhancements."
Design approach: Persuasive approach based on shared values
4. "Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter. Would you like to increase the budget for the XYZ product?"
Design approach: Data-driven approach
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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MC Qu. 97 K Company estimates that overhead costs for... K Company estimates that overhead costs for the next year will be $3,648,000 for indirect labor and $960,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. Of 96,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 5 direct labor hours
Answers
Answer:
Allocated MOH= $240
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (3,648,000 + 960,000) / 96,000
Predetermined manufacturing overhead rate= $48 per direct labor hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 48*5
Allocated MOH= $240
On February 10, the corporation purchases back 2,000 shares of its own common stock for $50 per share. The entry to record the purchase would include a:____.
a. debit to Cash for $100,000.
b. credit to Treasury Stock for $100,000.
c. debit to Treasury Stock for $100,00.
d. debit to Common Stock for $100,000.
Answers
Answer:
c. debit to Treasury Stock for $100,00.
Explanation:
The journal entry to record the purchase is given below:
Treasury stock Dr (2,000 × $50) $100,000
To cash $100,000
(Being the purchase is recorded)
Here treasury stock should be debited as it decreased the stockholder equity and credited the cash as it also decreased the assets
Therefore the option c is correct
How do state and federal courts differ in the United States?
Answers
Answer:The primary distinction is that state and local courts are authorized to hear cases involving the laws and citizens of their state or city, while federal courts decide lawsuits between citizens of different states, cases against the United States, and cases involving specific federal laws.
Explanation:
In cost-volume-profit analysis, the unit contribution margin is: Group of answer choices Sales price per unit less unit total cost per unit. Sales price per unit less unit fixed cost per unit. Sales price per unit less total variable cost per unit. )Sales price per unit less cost of goods sold per unit. The same as the contribution margin ratio.
Answers
Answer: Sales price per unit less total variable cost per unit.
Explanation:
Cost-volume-profit analysis works by dividing the expenses faced by a business in the production and/ or selling of goods into fixed and variable costs.
To calculate the contribution margin in such a scenario, the Total variable cost incurred per unit is deducted from the sales price per unit. From this figure, the fixed cost can then be subtracted to find the operating income per unit.
If one wants to find the breakeven volume, you can divide the Fixed assets by the Contribution margin.
Explain the different sources of short-term and long-term finance available to a sole trader and
available to a limited company. Advise Chris on whether becoming a sole trader or becoming a
limited company.
Answers
Answer:
short term finance is the process by which finance goes for short period of time, while long term finance is the process by which the finance company go for a long period of time
Explanation:
I advise Chris to become a limited company
Which secondary effect of advertising refers to a change in the customer’s opinion of the product over a period of time?
Answers
Rein Inc. reported deferred tax assets and deferred tax liabilities at the end of 20X3 and at the end of 20X4.
According to Statement of Financial Accounting Standard No. 109 Accounting for Income Taxes, for the year ended 20X4, Rein should report deferred income tax expense or benefit equal to the
A. Sum of the net changes in deferred tax assets and deferred tax liabilities.
B. Increase in the deferred tax liabilities.
C. Amount of the current tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
D. Decrease in the deferred tax assets.
Answers
Answer: A
sum of the net changes in deferred tax assets and deferred tax liabilities.
Explanation:
Dawn, a grocery store manager, is packaging pasta salad for retail sale at the store. Which three of the following details should she include on the label? the ingredient list the storage guidelines the location of the distributor the date of product packaging the quantity of food
Answers
The three details which Dawn should include on the label for retail sale at the store include the following:
The ingredient list.The storage guidelines.The date of product packaging.What is a product label?A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.
This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.
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A break-even analysis includes operating expenses and total monthly debt payments,
plus
school costs.
gross profit margin
net profit margin
zero term margin
Answers
Answer:
I need answerExplanation:
Answer:
gross profit margin
Explanation:
What has the biggest impact on whether a 4 year
university is affordable?
a. whether it is a public or priv university
b.the distance you live from the university
c.the amount of financial aid that the university offers
d.whether you live in the same state as the University
Answers
Answer: a. whether it is a public or priv university
Explanation:
Whether a university is either public or a private university has the biggest impact on whether a 4 year
university is affordable.
The funding of public university is subsidized by the government therefore it's cheaper than the private universities. Private universities rely on their fees in order to carry out the necessary expenses in the school so their school fees are usually higher than that of their public counterparts.
Answer: C
Explanation:
The listed price of a university can vary depending on if it is a public or private institution, but the true costs will depend on the amount of financial aid they offer you.
Waterworld Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $41,933 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $150,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 8%.
Required:
Prepare Waterworld's 2016 and 2017 journal entries, assuming Waterworld depreciates similar equipment it owns on a straight-line basis.
Answers
The appropriate journal entries for 2016 and 2017 assuming Waterworld depreciates similar equipment it owns on a straight-line basis are:
Waterworld Company Journal entries
12/31/16
Debit Right-of-Use Asset $150,000
Credit Lease liability $150,000
[To record lease liability]
12/31/16
Debit Lease liability $41,933
Credit Cash $41,933
[To record lease payment]
12/31/17
Debit Interest expense $8,645.36
[($150,000-$41,933) x 8%]
Debit Lease liability $33,287.64
($41,933-$8,645.36)
Credit Cash $41,933
[To record interest expense]
12/31/17
Debit Amortization expense $37,500
[$150,000/4 years]
Credit Right-of-Use asset $37,500
[To record amortization of the right-of-use asset]
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A firm expects to have net income of $5,000,000 during the next year. The company’s target capital structure is 35% debt and 65% equity. The company's director of capital budgeting has determined that the optimal capital budget for the coming year is $6,000,000. If SL Computer follows a residual distribution policy (with all distributions in the form of dividends) to determine the coming year’s dividend, then what is the firm’s expected dividend payments?
Answers
Answer:
$1,100,000
Explanation:
The firm expected to have 5,000,000 as net Income
Capital Structure; Debt=35% , Equity= 65%
$6,000,000 is determined to be the Optimal capital budget for the coming year
The firm’s expected dividend payments following a residual distribution policy is = Net Income – [Total Capital Budget x Equity Ratio]
Where Net Income =5,000,000 Total capital budget =6,000,000 Equity Ratio= 65%
Hence Total Dividend Payment = $5,000,000 – [$6,000,000 x 65%]
= $5,000,000 - $3,900,000
= $1,100,000
The firm’s expected dividend payments is = $1,100,000,
What are the issues when new product development is conducted at multiple sites? How can these issues be addressed?
Answers
Answer:
안녕 난 상관 없어 무료 포인트 고마워
Explanation:
머리가 제일?
Lillich, Inc., manufactures and sells two products: Product U6 and Product R5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product U6 690 8.9 6,141 Product R5 1,060 5.9 6,254 Total direct labor-hours 12,395 The direct labor rate is $28.00 per DLH. The direct materials cost per unit for each product is given below:
Direct Materials
Cost per Unit
Product U6 $250.40
Product R5 $167.80
The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product U6 Product R5 Total
Labor-related DLHs $ 201,638 7,125 7,280 14,405
Production orders orders 72,840 1,350 1,250 2,600
Order size MHs 1,020,608 6,500 6,800 13,300
$ 1,295,086
Which of the following statements concerning the unit product cost of Product U6 is true? (Round your intermediate calculations to 2 decimal places.)
a. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $340.31.
b. The unit product cost of Product U6 under traditional costing is less than its unit product cost under activity-based costing by $5.63.
c. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $5.63.
d. The unit product cost of Product U6 under traditional costing is less than its unit product cost under activity-based costing by $340.31.
Answers
Answer:
Lillich, Inc.
c. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $5.63.
Explanation:
a) Data and Calculations:
Direct labor rate = $28.00 per DLH
Product U6 Product R5 Total
Expected production 690 1,060
Direct materials cost/unit $250.40 $167.80
Direct Labor Hours/unit 8.9 5.9
Total direct labor hours 6,141 6,254 12,395
Direct labor costs $171,948 ($28*6,141) $175,112 ($28*6,254)
Total direct materials cost $172,776 ($250.4*690) $177,868 ($167.8*1,060)
Total overhead $636,360 $658,752 $1,295,112
Total production cost $981,084 $1,011,732
Expected production 690 1,060
Cost per unit $1,421.86 $954.46
Traditional costing:
Direct labor costs $171,948 ($28*6,141) $175,112 ($28*6,254)
Total direct materials cost $172,776 ($250.4*690) $177,868 ($167.8*1,060)
Total overhead $641,612 $653,418 $1,295,112
Total production cost $986,336 $1,006,398
Expected production 690 1,060
Cost per unit $1,429.47 $949.43
Allocation of overhead based on direct labor hours
= $ 1,295,086/12,395
= $104.48 per DLH
Product U6 = $641,612 ($104.48 * 6,141)
Product R5 = $653,418 ($104.48 * 6,254)
Estimated Expected Activity
Activity Cost Pools Activity Overhead Product Product Total
Measures Costs U6 R5
Labor-related DLHs $ 201,638 7,125 7,280 14,405
Production orders Orders 72,840 1,350 1,250 2,600
Order size MHs 1,020,608 6,500 6,800 13,300
Total $ 1,295,086
Overhead rates:
Labor-related = $201,638/14,405 = $14.00 per DLH
Production orders = $72,840/2,600 = $28.00 per order
Order size = $1,020,608/13,300 = $76.74 per machine hour
Overhead allocation:
Product U6 Product R5 Total
Labor-related $99,750 (7,125*$14) $101,920 (7,280*$14) $201,670
Production orders 37,800 (1,350*$28) 35,000 (1,250*$28) 72,800
Order size 498,810 (6,500*$76.74) 521,832 (6,800*$76.74) 1,020,642
Total overhead $636,360 $658,752 $1,295,112
1. When talking about personal finances, always remember that you will either manage
your money or the lack of it will
Answers
It is correct to say that when talking about personal finance, always remember that you will manage your money or the lack of it, this being an essential topic for better control of your expenses and income.
How to increase control over your income and expenses?You can develop a personal budget, which is a simple and easy-to-do technique, where all your personal accounts for a period are exposed, whose objective is to increase understanding about your finances, your needs and allocation of resources for your goals.
Therefore, financial education is a topic that should be more instituted in schools and social institutions, to provide greater subsidies for individuals to understand how to balance their finances to increase their quality of life and avoid indebtedness.
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2. Identify at least three factors that may influence Eric's decision, including Eric's savings and any ways he could reduce the total cost of the loan.
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The three factors that influence Eric's decisions are the lowest rate of return along with the shorter duration of time.
What is Loan?A Loan is referred to as the amount which an individual borrows from a financial institution at a certain rate of interest to start any business or to fulfill their needs.
When Applying for any loan it is important to conduct research about the rate of return which helps in saving a large rate of income for an individual.
While making a decision for a loan, it should be determined which financial institution provides maximum facility on any Loan in order to repay it timely and reduce the burden on an individual.
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