Georgia Products Inc. completed and transferred 89,000 particle board units
Get college assignment help at Smashing Essays Question Georgia Products Inc. completed and transferred 89,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 2,400 units, which were 3/5 completed as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $219,360, direct labor cost incurred was 28,100, and factory overhead applied was $12,598.total conversion cost?total equivalent units as to conversion cost?conversion cost per equivalent unit?total equivalent units as to direct materials?direct materials cost per equivalent unit?
Im needing help figuring out this question on how to
Question Im needing help figuring out this question on how to fill out both these resources for my assignment. ATTACHMENT PREVIEW Download attachment index.png FORECASTED INCOME STATEMENT Assumptions Assumption Explanations YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR S Revenue Cast of Sales Gross Margin Operating Expenses Advertising Equipment Rental Wages Office Rent Utilities Insurance Expense Depreciation Operating Income Interest Expense Income before taxes Income taxes Net Income FORECASTED BALANCE SHFF Assumptions Assumption Explanations YEAR 1 YEAR
Need assistance with answering this question. alt=”image1.jpeg” /> ATTACHMENT PREVIEW
Question Need assistance with answering this question. alt=”image1.jpeg” /> ATTACHMENT PREVIEW Download attachment image1.jpeg ella’s Bookstore: (10 Pts.) 1. On December 31,1990 Nella Lyrrad invested $500,000 to build a store for rental purposes that was completed at the end of December, 1991. At the beginning of 1992 it was fully rented to a bookstore and yearly cash rents for 1992, 1993, 1994 and 1995 were $250,000 for a total of $1,000,000. Rents and expenses were collected and paid at year-end. Her cash expenses were $100,000 in each of 1992, 1993, 1994, and 1995 for a total of $400,000. She also used straight-line depreciation (20 year life) for the building, therefore, her yearly depreciation expense was $25,000 for a total of $100,000 for the period. Her book and cash tax rates were 50 % during this period. Nella sold the building for book value in early 1996. The sale of the bookstore was the only transaction for Nella in 1996 (since she sold for book-value, there were no gains or losses, i.e., no taxes). Nella’s sister, Ibot bought a bookstore on the same day that Nella’s store was completed (December 31, 1991). Ibot paid $500,000 for her store, the same as Nella. Ibot had the exact same revenues and expenses as Nella over the period, 1992,1993,1994 and 1995. Rents and expenses were collected and paid at year- end. However, Ibot did not claim any depreciation for tax returns for the periods. Ibot’s thinking was that a potential buyer would want to look at her book value at the time of sale. On the day that Nella sold her store for $400,000, Ibot called to say that she had just sold her store that morning for $500,000. You are not required to show any schedules except for E below. A. Nella’s full-cycle NIAT was B. Nella’ full-cycle cash flow was C. Ibot’s full-cycle NIAT was D. Ibot’s full-cycle cash flow was E. Who did the best? Compare the financial return of the two stores using any appropriate financial technique. Assume a 12% cost of capital.
Hello, I have a question If firm J sold 50,000
Question Hello, I have a question If firm J sold 50,000 radios for $400,000 in 2004. The firm sold 40,000 radios in 2003 for $2 more per radio. The price variance is ? and the volume variance is ?
Nextime Ltd. has operating profits (EBIT) of $87 million, a
Question Nextime Ltd. has operating profits (EBIT) of $87 million, a tax rate of 35%, net working capital of $129 million, and fixed assets of $285 million. Calculate Nextime’s return on invested capital, or ROIC.
This question was created from Copy of Janelle Higgins Financial
Question This question was created from Copy of Janelle Higgins Financial Statements.pdf https://www..com/file/44001137/Copy-of-Janelle-Higgins-Financial-Statementspdf/ Im struggling with knowing how to do this assignment ATTACHMENT PREVIEW Download attachment 44001137-332472.jpeg FORECASTED INCOME STATEMENT Assumptions Assumption YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 Revenue Cost of Sales Gross Margin Operating Expenses Advertising Equipment Rental Wages Office Rent Utilities Insurance Expense Depreciation Operating Income Interest Expense Income before taxes Income taxes Net Income FORECASTED BALANCE SHEET Assumptions Assumption Explan YEAR 1 YEAR 2 YEAR ] YEAR 4 YEARS Assets Cash Accounts Receivable Prepaid Insurance Current Assets Furniture
can you help me understand calculating LIFO inventory values and
Question can you help me understand calculating LIFO inventory values and FIFO inventory values ? src=”/qa/attachment/8989789/” alt=”CH.6 _lifo.PNG” /> Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment CH.6 _lifo.PNG ATTACHMENT PREVIEW Download attachment ch.6 fifo.PNG
Can you please assist me with letter A? ATTACHMENT PREVIEW
Question Can you please assist me with letter A? ATTACHMENT PREVIEW Download attachment Nella.jpg la’s Bookstore: (10 Pts.) On December 31,1990 Nella Lyrrad invested $500,000 to build a store for rental purposes that was completed at the end of December, 1991. At the beginning of 1992 it was fully rented to a bookstore and yearly cash rents for 1992, 1993, 1994 and 1995 were $250,000 for a total of $1,000,000. Rents and expenses were collected and paid at year-end. Her cash expenses were $100,000 in each of 1992. 1993, 1994, and 1995 for a total of $400,000. She also used straight-line depreciation (20 year life) for the building, therefore, her yearly depreciation expense was $25,000 for a total of $100,000 for the period. Her book and cash t rates were 50 % during this period. Nella sold the building for book value in ear 1996. The sale of the bookstore was the only transaction for Nella in 1996 (sinc she sold for book-value, there were no gains or losses, i.e., no taxes). Nella’s sister, Ibot bought a bookstore on the same day that Nella’s store was completed (December 31, 1991). Ibot paid $500,000 for her store, the same Nella. Ibot had the exact same revenues and expenses as Nella over the peri 1992, 1993,1994 and 1995. Rents and expenses were collected and paid at y end. However, Ibot did not claim any depreciation for tax returns for the pe Ibot’s thinking was that a potential buyer would want to look at her book v the time of sale. On the day that Nella sold her store for $400,000, Ibot cal say that she had just sold her store that morning for $500,000. You are not required to show any schedules except for E below. A. Nella’s full-cycle NIAT was B. Nella’ full-cycle cash flow was C. Ibot’s full-cycle NIAT was D. Ibot’s full-cycle cash flow was E. Who did the best? Compare the financial return of the two stores
need assistance with these two questions on revenue variance. src=”/qa/attachment/8992265/”
Question need assistance with these two questions on revenue variance. src=”/qa/attachment/8992265/” alt=”image1 (1).jpeg” /> ATTACHMENT PREVIEW Download attachment image1 (1).jpeg A S D F G H K Vol Change Invuits Last yr of – 10,000 X 10 – – 10 0 Fill-in the Blanks: ( 4 pts each) Express the revenue variances in total dollars. 24. Firm J sold 50,000 radios for $400,000 in 2004. The firm sold 40,000 radios in 2003 for $2 more per radio. The price variance is variance is and the volume 25. Firm K sold 40,000 radios for $480,000 in 2004. The firm sold 50,000 radios in 2003 for $2 less per radio. The price variance is variance is and the volume ll-in the Blanks: (6 pts each)
Can someone help me fill out this chart? I need
Question Can someone help me fill out this chart? I need help understanding Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 6.25.20 PM.png G A docs.google.com Hunter X H… ) Please refer t… YouTube Will some on… u 40 – Googl… Will someone… stream Homework H… YouTube Review Test… u 40 E 6 Share S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Heading 3 Arial 13 31 1 1 1 1|1 1 1 1I141711 111121 11 11 131 1111 141 1 1 1 1 15 1 1 1 1 1 16 1 1 151 1 17 1 1 Problem 40-3: Determine due dates. Find the due date for each note. Date of Note Time of Note Due Date A. March 15, XXX2 3 years B. October 21, XXX1 4 months C. May 11, XXX1 85 days D. December 4, XXX2 70 days E. June 9, XXX1 90 days F. August 17, XXX3 40 days Computations Interest Computations: Interest = Principal * Rate * Time A B. C. Read more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 6.25.27 PM.png G A docs.google.com () ) C Hunter X H… ) Please refer t… YouTube Will some on… u 40 – Googl… Will someone… stream Hc Love Like Honey u 40 Pretty Ricky – Late Night Special (Deluxe Version) S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Heading 3 Arial 13 Y 31 IIII171611 121 161 1 13 1 1 1 1 141 1 1 1 1 15 1 1 1 1 1 16 1 1 1 1 1 17 1 1 1 1 9 D. E. F.
Given:Aco has two service departments (computer Operations and Maintenance Services).
Get college assignment help at Smashing Essays Question Given:Aco has two service departments (computer Operations and Maintenance Services). Aco has two production departments (mixing department
Need assistance with #27 ATTACHMENT PREVIEW Download attachment image1 (2).jpeg
Question Need assistance with #27 ATTACHMENT PREVIEW Download attachment image1 (2).jpeg Fill-in the Blanks: (6 pts each) Express the labor cost variances in total dollars. 26. Firm J produced 45,000 radios using 9,000 hours of labor in 2004; total labor costs were $54,000. In 2003, firm J produced 48,000 radios using 8,000 hours of labor; total labor costs were $40,000. The labor price variance is 33,000 and the labor volume variance is is C0oo 5000 and the labor efficiency variance 27. Firm K produced 45,000 radios using 9,000 hours of labor in 2003; total labor costs were $54,000. In 2004, firm K produced 48,000 radios using 8,000 hours of labor; total labor costs were $40,000. The labor price variance is and the labor volume variance is and the labor efficiency variance is Express the material variances in total dollars (2 pts each): Buckler Company manufactures desks with vinyl tops. In 2004, a 1,000 desk production run cost for the vinyl used per Model S desk is $27.00 based on 12 square feet of vinyl a a cost of $2.25 per square foot. A production run of 1,000 desks in 2003 resulted in usag of 12,600 square feet of vinyl at a cost of $2.00 per square foot, a total cost of $25,200. 28. The materials volume variance resulting from the above production run
Can someone help me fill out these charts please? I
Question Can someone help me fill out these charts please? I need up understanding alt=”Screen Shot 2019-08-01 at 6.44.19 PM.png” /> Attachment 1 Attachment 2 Attachment 3 Attachment 4 Attachment 5 Attachment 6 Attachment 7 Attachment 8 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 6.43.11 PM.png
In testing cash disbursements for the Jay Klein Company, you
Question In testing cash disbursements for the Jay Klein Company, you obtained an understanding of internal control. The controls are reasonably good, and no unusual audit problems arose in previous years.Although there are not many individuals in the accounting department, there is a reasonable separation of duties in the organization. There is a separate purchasing agent who is responsible for ordering goods and a separate receiving department that counts the goods when they are received and prepares receiving reports. There is a separation of duties between recording acquisitions and cash disbursements, and all information is recorded in the two journals independently. The controller reviews all supporting documents before signing the checks, and he immediately mails the checks to the vendors. Check copies are used for subsequent recording.All aspects of internal control seem satisfactory to you, and you perform minimum tests of 25 transactions as a means of assessing control risk. In your tests, you discover the following exceptions:1. One invoice was paid twice. The second payment was supported by a duplicate copy of the invoice. Both copies of the invoice were marked “paid.”2. Two items in the acquisitions journal were misclassified.3. Three invoices were not initialed by the controller, but there were no dollar misstatements evident in the transactions.4. Five receiving reports were recorded in the acquisitions journal at least 2 weeks later than their date on the receiving report.5. Two receiving reports for vendors’ invoices were missing from the transaction packets. One vendor’s invoice had an extension error, and the invoice was initialed that the amount had been checked.6. One check amount in the cash disbursements journal was for $100 less than the amount stated on the vendor’s invoice.7. One voided check was missing.Requireda.Identify whether each of 1 through 7 is a control test deviation, a monetary misstatement, or both.b.For each exception, identify which transaction-related audit objective was not met.c.What is the audit importance of each of these exceptions?d.What follow-up procedures would you use to determine more about the nature of each exception?e.How would each of these exceptions affect rest of the your audit? Be specific.f.Identify internal controls that should have prevented each misstatement.
Reynolds Manufacturers Inc. has estimated total factory overhead costs of
Question Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected direct labor hours of 9,500 for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, how much overhead will be allocated to work in process for Job 117?
Jones Company is a manufacturing company that has worked on
Question Jones Company is a manufacturing company that has worked on several production jobs during the month of January. Below is a list of all the jobs for January: Job 250 $150,000 Job 251 $ 57,000 Job 252 $ 68,000Jobs 250 and 251 were completed in January, and Job 250 was sold for $175,000 in January. What is the ending balance of Finished Goods inventory at the end of January?
At the end of April, Almerinda Company had completed Jobs
Question At the end of April, Almerinda Company had completed Jobs 50 and 51. Job 50 is for 23,040 units with a total cost of $720,000 and Job 51 is for 26,000 units with a total cost of $936,000. What is the cost per unit for:Job 50:Job 51:
Sales $3,600,000 Gross profit 650,000 Indirect labor 216,000 Indirect materials
Question Sales $3,600,000 Gross profit 650,000 Indirect labor 216,000 Indirect materials 120,000 Other factory overhead 45,000 Materials purchased 1,224,000 Total manufacturing costs for the period 2,640,000 Material inventory, end of period 98,800cost of goods sold?direct materials cost?direct labor cost?
What is meant by off-balance-sheet financing? Do you think the
Question What is meant by off-balance-sheet financing? Do you think the new lease standard is a way to prevent this type of off-balance-sheet financing? Why?
Given:During FY 18 Aco reported sales of $300,000, a contribution
Question Given:During FY 18 Aco reported sales of $300,000, a contribution margin of $10.00 per unit, fixed costs of $140,000, and net income of $19,000.Determine:number of units Aco sold during FY1 8
The Converting Department of Soft Touch Towel and Tissue Company
Question The Converting Department of Soft Touch Towel and Tissue Company had 790 units in work in process at the beginning of the period, which were 60% complete. During the period, 13,700 units were completed and transferred to the Packing Department. There were 1,140 units in process at the end of the period, which were 25% complete. Direct materials are placed into the process at the beginning of production.Direct materials?conversion cost?
The post Georgia Products Inc. completed and transferred 89,000 particle board units appeared first on Smashing Essays.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
