Financial Accounting Questions On Impairment And Costs Homework Help
- November 15, 2017
- Posted by:
- Category: Accounting QA
Best UK USA UAE Australia Canada China Financial Accounting Questions On Impairment And Costs Homework Help Service Online
1. The job order cost sheet for Job 550 contains the following information: 100 units; direct labor, $4,000; direct materials, $9,000; manufacturing overhead, $3,000. Thirty-three of the units will be shipped to the customer at a sales price of $150 each. Which of the following is one effect of recording the shipment to the customer?
A. Finished goods increases by $5,280.
B. Cost of goods sold increases by $4,950
C. Work in process decreases by $4,950.
D. Cost of goods sold increases by $5,280.
E. Some other answer
2. Beginning raw materials inventory for Johnson Inc. was $15,000. Ending raw materials was $7,000. Goods completed during the year were $30,000. Purchases of raw materials totaled $25,000. How much were the raw materials used in current manufacturing costs?
A. $30,000
B. $37,000
C. $42,000
D. $25,000
E. Some other answer
3. Harris Company sales revenue for 2005 was $300,000. Harris has one product that sells for $25 and has variable costs of $18. Fixed costs total $155,000. How many units must Harris sell to break even? Round your answer up to the nearest whole unit.
4. Manufacturing overhead during the year was overapplied. If the amount is immaterial, which one of the following is a part of the transaction that should occur to dispose of the overapplied amount?
A. Increase Cost of Goods Sold
B. Decrease Cost of Goods Sold
C. Increase Finished Goods Inventory, Work in process, and Cost of goods sold D. Decrease Finished Goods Inventory, Work in process, and Cost of goods sold
5. The delivery trucks of Slavin Transport Company incurred $3,600 of maintenance costs during the busiest month of 2004, in which 12,000 miles were driven collectively. During the slowest month, $2,800 in maintenance costs were incurred, and 8,000 miles were driven. Using the high-low method, what maintenance cost would the company expect to incur if 15,000 miles were driven?
Estimated manufacturing overhead
$89.000
Actual manufacturing overhead
$84,000
Estimated direct labor hours
12,000
Actual direct labor hours
12,500
A. $3,000
B. $4,400
C. $4,000
D. $4,200
6. Billings Rail CompanyAc€?cs sales for the next five months are as follows: February $175,000 March $160,000 April $145,000 May $135,000 June $130,000
Collection history for the company indicates that 50% of sales are collected in the month of the sale, 30% is collected in the following month, 10% is collected two months later and 10% is uncollectible.
How much are total budgeted cash receipts for the second quarter?
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to besthomewrokhelpers@gmail.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email besthomeworkhelpers@gmail.com should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Features
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to besthomeworkhelpers@gmail.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
Our Clients
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
Related Services
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
7. The following are production and cost data for two products, buckets and pails.
Buckets Pails
Contribution margin per unit $450 $280 Machine set-ups needed per unit 20 14
The company can only perform 14,000 set-ups each period yet there is unlimited demand for each product. What is the total maximum contribution margin for the year if 14,000 setups are made? (Hint, when there is a constraint choose the product with the higher CM per constraint).
8. Summer Reflections Beverage company reported the following for their bottled water division:
Sales
Operating expense Depreciation Interest expense
$600,000 325,000 15,000 90,000
The tax rate is 30%. How much is the company’s NOPAT?
9. Summer Reflections reported the following on its balance sheet:
Raw materials WIP
Finished goods
May 1, 2010 $15,000
8,000 45,000
April 1, 2010 $25,000
10,000 38,000
If Summer Reflections had purchases of $40,000, how much was COGS at the end of April?
How much were the COGMfd?
10. Smyth and Wessin is considering investing in a bullet-proof vest machine. The machine has an estimated cost of $150,000 and a $9,000 salvage value. The five year project has estimated net income of $10,800 each year. The required rate of return is 12% and the cost of capital is 10%. Hint, calculate depreciation expense and convert NI to CF. Make sure you remember how the salvage value affects cash flows.
What is the projectAc€?cs NPV? (round to the nearest dollar)
What is the projectAc€?cs IRR?(round to the nearest percent)
Product Code: ACC672
Looking for Financial Accounting Questions On Impairment And Costs Homework Help , please submit your details here with product code mentioned above.