Entries by mary WAMBUGU

Baltimore Company reports total assets and total liabilities of $271,000 and $85,000, respectively, at the conclusion, of its first year of business.

August 23, 2019 in /by

Baltimore Company reports total assets and total liabilities of $271,000 and $85,000, respectively, at the conclusion, of its first year of business. The company earned $75,500 during the first year, and distributed $29,000 to shareholders as dividends. How much did shareholders initially invest in the business?   Looking for a Similar Assignment? Order now and […]

 

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On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred: Factory Manager Salary $7,000

August 23, 2019 in /by

On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred:             Factory Manager Salary                  $7,000             Factory Utilities                                  2,000             Machinery Deprecation                    11,000             Machinery Repairs                            2,500             Factory Insurance (prepaid)             1,000The overhead application rate is based on direct labor hours.  The preset formula for overhead application estimated that $21,000 would be incurred, and 10,000 direct labor hours would be worked. During March, […]

 

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March 1, 2017, Alpha Company’s beginning work in process inventory had 8,000 units. This is its only production department.

August 23, 2019 in /by

Question 1March 1, 2017, Alpha Company’s beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% completed to conversion costs. Alpha introduces direct materials at the beginning of the production process.  During March, a total of 15,000 units were started and a total of 20,000 units were […]

 

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Bravo Company sells Widgets at $6 a unit. In FY 2016, fixed costs are expected to be $200,000 and variable costs are estimated to increase from $3 per unit to $4 a unit.

August 23, 2019 in /by

1.) Bravo Company sells Widgets at $6 a unit. In FY 2016, fixed costs are expected to be $200,000 and variable costs are estimated to increase from $3 per unit to $4 a unit. Bravo wants to have a FY 2016 operating income of $40,000. Use this information to determine the number of units of […]

 

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