Determine the amount of sales (units) that would be necessary under

Break-Even Sales Under Present and Proposed Conditions

Darby Company, operating at full capacity, sold 128,250 units at a price of $87 per unit during the current year. Its income statement for the current year is as follows:

The division of costs between fixed and variable is as follows:

Management is considering a plant expansion program that will permit an increase of $870,000 in yearly sales. The expansion will increase fixed costs by $87,000, but will not affect the relationship between sales and variable costs.

Required:

1. Determine the total variable costs and the total fixed costs for the current year. Enter the final answers rounded to the nearest dollar.

2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year. Enter the final answers rounded to two decimal places.

3. Compute the break-even sales (units) for the current year. Enter the final answers rounded to the nearest whole number.
units

4. Compute the break-even sales (units) under the proposed program for the following year. Enter the final answers rounded to the nearest whole number.
units

5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $137,750 of income from operations that was earned in the current year. Enter the final answers rounded to the nearest whole number.
units

6. Determine the maximum income from operations possible with the expanded plant. Enter the final answer rounded to the nearest dollar.
$

7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year? Enter the final answer rounded to the nearest dollar.
$  

8. Based on the data given, would you recommend accepting the proposal?

1. In favor of the proposal because of the reduction in break-even point.
2. In favor of the proposal because of the possibility of increasing income from operations.
3. In favor of the proposal because of the increase in break-even point.
4. Reject the proposal because if future sales remain at the current level, the income from operations will increase.
5. Reject the proposal because the sales necessary to maintain the current income from operations would be below the current year sales.

Choose the correct answer.

Spectre Chemicals produces Canovic in a two-department process.

Information on the two departments for March and April 2016 are as follows:

MARCH 2016:

Department 1: The Company had beginning inventory of 6,000 units, 40% completed with a cost of $45,000. During the month, the department transferred in 22,000 units of the direct materials with a cost of $10 per unit. Ending inventory was 7,000 units, 30% completed. Direct labor is $310,500 and factory overhead is $103,500.

Department 2: The Company had beginning inventory of 5,000 units, 70% completed with a cost of $80,000. During the month, direct labor was $175,000 and factory overhead was $87,500. Ending inventory was 10,000 units, 50% completed.

APRIL 2016:

Department 1: During the month, the department transferred in 20,000 units of the direct materials with a cost of $11 per unit. Direct labor is $209,000 and factory overhead is $104,500. Ending inventory is 10,000 units 60% completed.

Department 2: During the month, direct labor is $175,000 and factory overhead is $87,500. The company had ending inventory of 5,000 units, 70% completed with a cost of $80,000.

Required:

 Compute the Equivalent Units of Production, Material costs, and Conversion costs for each department for March and April 2014.

 Prepare a cost of production report for March and April 2014.

1. Depreciation on the company's equipment for the year is computed to be $12,000.
2. The Prepaid Insurance account had a $7,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company’s insurance policies showed that $1,930 of unexpired insurance coverage remains.
3. The Office Supplies account had a $520 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $614 of supplies available.
4. One-fourth of the work related to $11,000 of cash received in advance was performed this period.
5. The Prepaid Rent account had a $5,900 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,970 of prepaid rent had expired.
6. Wage expenses of $5,000 have been incurred but are not paid as of December 31.

Prepare adjusting journal entries for the year ended (date of) December 31 for each of these separate situations.

ollowing are comparative balance sheets for Millco Inc. at January 31 and February 28, 2020:

Required:

1. Prepare a statement of cash flows that explains above changes?

Classify Costs

Following is a list of various costs incurred in producing replacement automobile parts. With respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs.

Compare and contrast the four most common capital budgeting techniques: NPV, IRR, Payback, and Accounting Rate of Return. What are the strengths and weaknesses of each when used as the sole investment criterion? Why do most companies use more than one method when evaluating projects? Identify several non quantitative factors that are apt to play a decisive role in the final selection of projects for capital expenditures.

Selected balance sheet account balances are:            VIZQUEL COMPANY
           December 31
                            2002 2001
Cash                           $ 200,000       $ 300,000
Accounts Payable                   60,000       80,000
Accounts Receivable                   180,000       140,000
Salaries Payable                       12,000       6,000      
Land                           120,000       140,000  
Merchandise Inventory                   100,000       160,000
Prepaid Rent                      50,000       45,000
Unearned Consulting Revenue               70,000       50,000

Income statement items for the year are:
Sales                           $800,000
Consulting Fees                       $200,000
Cost of Goods Sold                   400,000  
Salary Expense                       90,000
Depreciation Expense                   40,000
Rent Expense                       100,000

7.Cash payments for depreciation during 2002 amounted to:

8.Total cash paid for operating activities amounted to:

9.Cash from operating activities during 2002 is:

10.Net income for Vizquel Company for 2002 is:

Critically examine factors that influence contemporary accounting practices or standard setting in transition countries.

1.5k words

a) Describe how you arrive at each of the following to determine the tax which will be owed at someone’s death for estate tax purposes: (1) gross estate; (2) adjusted gross estate; (3) taxable estate; (4) tentative tax base; and (5) tentative tax. Give an explanation of what you do at each stage.

What is the difference between working capital management and current asset management and where does financial analysis fit it?

Determine the amount of sales (units) that would be necessary under

Break-Even Sales Under Present and Proposed Conditions

Darby Company, operating at full capacity, sold 106,650 units at a price of $66 per unit during the current year. Its income statement for the current year is as follows:

The division of costs between fixed and variable is as follows:

Management is considering a plant expansion program that will permit an increase of $594,000 in yearly sales. The expansion will increase fixed costs by $59,400, but will not affect the relationship between sales and variable costs.

Required:

1. Determine the total variable costs and the total fixed costs for the current year. Enter the final answers rounded to the nearest dollar.

2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year. Enter the final answers rounded to two decimal places.

3. Compute the break-even sales (units) for the current year. Enter the final answers rounded to the nearest whole number.
units

4. Compute the break-even sales (units) under the proposed program for the following year. Enter the final answers rounded to the nearest whole number.
units

5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $86,900 of income from operations that was earned in the current year. Enter the final answers rounded to the nearest whole number.
units

6. Determine the maximum income from operations possible with the expanded plant. Enter the final answer rounded to the nearest dollar.
$

7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year? Enter the final answer rounded to the nearest dollar.
$

8. Based on the data given, would you recommend accepting the proposal?

1. In favor of the proposal because of the reduction in break-even point.
2. In favor of the proposal because of the possibility of increasing income from operations.
3. In favor of the proposal because of the increase in break-even point.
4. Reject the proposal because if future sales remain at the current level, the income from operations will increase.
5. Reject the proposal because the sales necessary to maintain the current income from operations would be below the current year sales.

Bledsoe Corporation has provided the following data for the month of November:

Additional information:

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

Required:

Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.

The following information for sana co . for year ended 31/12/2017 in euro

Required : prepare multiple step income statement and closing entries under tax rate 20%

Project Household Budget

Document should be a Completed Excel spreadsheet.

Instructions: Utilizing an excel spreadsheet create a household budget showing 2 columns: 1) Monthly Budget and an 2)Annualized Budget.

To help you with this endeavor, there are numerous personal financial planning or budgeting tools available on the internet, many of them are free. You may either create a fictitious profile or use your own personal information. If you choose to use your personal data on one of the website budget tools, be sure to read the sites’ privacy policies.

Grading: Based on appropriate formatting utilized within excel, ease of flow of information, utilization of formulas when appropriate, does budget category/line items make sense, and were all items that tend to impact a budget for an average household accounted for.

Required information

[The following information applies to the questions displayed below.]

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.