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MuhammadYousaf
 MuhammadYousaf
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Feb 28 2014 
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Rawlings Corp. has two product lines, A and B. Rawlings has identified the following information about its overhead and potential cost drivers. Total overhead $80,000 Cost drive
Rawlings Corp. has two product lines, A and B. Rawlings has identified the following information about its overhead and potential cost drivers.         Total overhead $80,000     Cost drivers         Number of labor hours 2,700         Number of machine hours 50,000     Requirement 1: Suppose the Rawlings Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 62% of the labor hours and Product B requires 38%. (Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

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MuhammadYousaf
 MuhammadYousaf
posted
Feb 28 2014 
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Summer Company manufactures flowerpots in several different sizes and has identified the following activities in its manufacturing process. Required: Classify each activity listed as facility, pro
Summer Company manufactures flowerpots in several different sizes and has identified the following activities in its manufacturing process.   Required: Classify each activity listed as facility, product, customer, batch, or unit level, identify a cost driver for each activity listed and indicate whether each activity is value added or nonvalue added.
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wnl...(1 more words & 1 attachments).
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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Project Analysis [LO1,2,3,4] You are considering a new product launch. The project will cost $1,400,000, have a four-year life, and have no salvage value: depreciation is straight-line to zero. Sales
Project Analysis [LO1,2,3,4] You are considering a new product launch. The project will cost $1,400,000, have a four-year life, and have no salvage value: depreciation is straight-line to zero. Sales are projected at 180 units per year;
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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Sensitivity Analysis and Break-Even[LO1,3] We are evaluating a project that costs $924,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over th
Sensitivity Analysis and Break-Even[LO1,3] We are evaluating a project that costs $924,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 75,000 units per year. Price per unit is $46, variable cost per unit is $31, and fixed costs are $825,000 per year.
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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Break-Even [LO3] Assume a firm is considering a new project that requires an initial investment and has equal sales and costs over its life. Will the project reach the accounting, cash, or financial
Break-Even [LO3] Assume a firm is considering a new project that requires an initial investment and has equal sales and costs over its life. Will the project reach the accounting, cash, or financial break-even point first?  
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epreciation. The accounting break-even is next since it includes depreciation. Finally...(51 more words & 0 attachments).
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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Equivalent Annual Cost [LO4] When is EAC analysis appropriate for comparing two or more projects? Why is this method used? Are there any implicit assumptions required by this method that you find tro
Equivalent Annual Cost [LO4] When is EAC analysis appropriate for comparing two or more projects? Why is this method used? Are there any implicit assumptions required by this method that you find troubling? Explain.
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future technology improvement that could alter the project cash flows.The EAC approach is appropriate when comparing mutually exclusive projects with ...(70 more words & 0 attachments).
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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Payback and NPV [LO1,2] An investment under consideration has a payback of seven years and a cost of $875,000. If the required return is 11 percent, what is the worst-case NPV?
Payback and NPV [LO1,2] An investment under consideration has a payback of seven years and a cost of $875,000. If the required return is 11 percent, what is the worst-case NPV?
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ad ...(1 more words & 1 attachments).
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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1. Mix of manufacturing processes Please give one example of an operation that mixes two or more manufacturing processes to provide goods or services. Please explain how and why they do it the way th
1. Mix of manufacturing processes Please give one example of an operation that mixes two or more manufacturing processes to provide goods or services. Please explain how and why they do it the way they do it. 2. It's all about perception... Find two examples where producers use assembly line or continuous flow to create an impression that the final products or services are actually custom made. You cannot use examples we used in class.
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ustom made. You cannot use examples we used in class. If we take the example of food or Pizza stores, we are facing these phenomena there. As we reach the Pizza outlet with some basic requirements that we want to make our pizza a bit different like less spicy or spicier, with less toping or extra toping. So, the pizzas are produced in continuous process and there is no differentiation with the other pizzas being produced...(1482 more words & 0 attachments).
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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Comparing Investment Criteria [LO1,2,3,5,7] Consider the following two mutually exclusive projects:
Comparing Investment Criteria [LO1,2,3,5,7] Consider the following two mutually exclusive projects:
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e do...(1 more words & 1 attachments).
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MuhammadYousaf
 MuhammadYousaf
posted
Feb 27 2014 
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December Transaction 16 Receive a purchase order from California Premium Beverage (page 17). Fill and ship the order. Complete Invoice No. 15535, Bill of Lading No. 136480 and record the sale in the
December Transaction 16 Receive a purchase order from California Premium Beverage (page 17). Fill and ship the order. Complete Invoice No. 15535, Bill of Lading No. 136480 and record the sale in the journals and ledgers. W. A. Bierkstahler is the sales account representative. Relevant data: shipment weight - 12,532 lbs., trailer # - 122302, serial # - 999356278. The carrier is CA Express. Leave the CID No. blank. 16 Order 29 tons of white grapes at $541.11 per ton from Mendocino Vineyards. The item number for the white grapes is WG1003. Complete Purchase Order No. 9682. Relevant data: date required - Dec. 22, shipper - Longhorn Shippers, Inc., buyer - Franz Bieler, supplier # - M0652. 16 Purchase a 20XW Ford truck for $26,750.00. The terms include a $4,750.00 down payment and a 3-year, 6% promissory note to Ford Credit for the remaining $22,000.00. Principal and interest on the note are due monthly beginning January 4, 20XY. The company expects the truck to have a useful life of 5 years and no salvage value. Prepare Check No. 19257 payable to Potter Valley Ford for the down payment and record the transaction in the journals and ledgers. 16 The Board of Directors of Chateau Americana authorized a $50,000 cash dividend payable on January 20th to the stockholders of record on January 15th. 17 Receive a phone complaint from Seaside Distributors about a case of Chenin Blanc that was damaged in shipment. The case was part of Invoice No. 15175, dated November 5, 20XX, in the amount of $20,438.40. Seaside paid the invoice on November 19, 20XX and took advantage of the discount (terms 3/15, net 30). Prepare Credit Memo No. 2753 to write-off the damaged inventory that was not returned, and prepare Check No. 19286 to reimburse Seaside for the damaged goods. Record the transactions in the journals and ledgers. W. A. Bierkstahler is the sales account representative. Relevant data: customer PO # - MZ5713. (Note: Be sure to review Returns and Allowances on Page 6.) December Transaction 19 Receive $850 refund from California Wine & Cheese Monthly for overpayment of advertising costs (page 18). Enter the receipt on Cash Receipts Summary No. 5712 and record the cash receipt in the journals and ledgers. 19 Receive payment in full from Pacific Distribution Co. on Invoice No. 15243 dated November 13, 20XX, in the amount of $19,576.80 (page 19). Enter the receipt on Cash Receipts Summary No. 5712 and record the cash receipt in the journals and ledgers. 19 Receive a purchase order (page 20) with payment (page 21) from Sonoma Distributors. Fill and ship the order. Complete Invoice No. C2489, enter the receipt on Cash Receipts Summary No. 5712, and record the sale in the journals and ledgers. W. A. Bierkstahler is the sales account representative. Relevant data: shipment weight - 7,650 lbs., trailer # - 279AJ1, serial # - 919515094. (Hint: Use the Other Account column to post Inventory and Cost of Goods Sold.) DO NOT create a Bill of Lading for this purchase order. 22 Receive 19 tons of red grapes at $703.40 per ton from Mendocino Vineyards. Also received Invoice No. M7634 from Mendocino Vineyards with the shipment (page 22). Terms on the invoice are 2/10, net 30. Complete Receiving Report No. 17251 and record the inventory in the journals and ledgers using the gross method. 26 Receive utility bill from Pacific Gas and Electric in the amount of $18,887.62 (page 23). Prepare Check No. 19402 and record the payment in the journals and ledgers. 30 Receive Brokerage Advice from Edwards Jones for purchase of 500 shares of Microsoft at $49.20 per share plus $400 broker’s commission (page 24). Prepare Check No. 19468 and record the purchase in the journals and ledgers. 30 Prepare Check No. 19473 payable to Mendocino Vineyards for the shipment received on December 22 and record the payment in the journals and ledgers. 31 Receive payment in full for the December 16 purchase from California Premium Beverage (page 25). Enter the cash receipt on Cash Receipts Summary No. 5718 and record the cash receipt in the journals and ledgers. 31 Prepare Payroll Checks (Nos. 7111-7114) for Anna Johnson, José Rodriguez, Tom Bryan, and Bob Hissom. Time cards for Tom and Bob are on pages 26-27. Prepare Check No. 19474 to transfer cash from the general cash account to the payroll account. Record the payroll transactions and all appropriate accruals in the journals and ledgers. 31 Prepare Check No. 19475 to repay $50,000 of the principal on long-term debt to Bank of Huntington and record the payment in the journals and ledgers. We only have Sales Register, Cash Receipts Journal, purchases journal, cash disbursements journal, payroll journal,Accounts receivables Subsidiary Ledger, perpetual inventory subsidiary ledger, accounts payable subsidiary ledger,employee payroll subsidiary ledger,fixed asset subsidiary ledger. For example transaction 1 would involve sales register, accounts receivable subsidiary ledger and perpetual inventory subsidiary ledger.
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