The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.

a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.

b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
Increase

The company issues 4.4% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 4.5%.

ROUND ANSWERS TO NEARST DOLLAR

What is the issue price of the bond? $_______

What is the interest expense for the first interest payment? $_____

What is the bond liability after the first interest payment? $_______

West Texas Chemical Company manufactures a product called Kylon, which requires three raw materials. Production is in batches of 1,000 gallons of finished product. The firm uses standard costs as a control device. Its standard costs for materials for each batch of Kylon have been established as follows:

The output is packaged in 50-gallon drums. During the month of June 2019, 200 drums of Kylon were produced. There was no beginning or ending inventory of work in process. The materials actually used during June are listed below:

Compute the total variance between the actual cost of the materials used during June and the standard cost of the materials. Also compute the total variance for each type of material. (Indicate the effect of each variance by selecting Favorable, Unfavorable, and "None" for no effect (i.e., zero variance).)

Analyze the variances for each type of material for the month. (Indicate the effect of each variance by selecting Favorable, Unfavorable, and "None" for no effect (i.e., zero variance).)

Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations:

1-How is the term "market value" used in real estate valuation?

2-. How is the term "investment value" used in real estate valuation?

3-How are transaction prices used in real estate valuation?

4- List the eight steps of the valuation process used in conformity with Uniform Standards of Professional Appriasal Practice.

5- Explain the importance of arm's-length transactions when selecting comparable sales data , give examples that do not qualify as such.

NOTE: please write the answer in short

Segak Koleksi Company is a manufacturer of high quality work uniforms. The price of a uniform is RM150. The following are the costs involved in April with the production unit of 500 uniforms:

a)   Calculated:

1. 1. Prime Cost – monthly
   2. Overhed Cost – monthly
   3. Period Cost – monthly
   4. Cost product per unit
2. One of items above is sunk cost. Define sunk cost and identify the items above.

Explain the difference between capital assets, capital investments, and capital budgeting.

Fuqua Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2019.

Prepare a production budget for January and February 2020.

Prepare a direct materials budget for January 2020.

Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows:

It takes one machine hour to produce each product. Total fixed costs for the manufacture of both products are $90,000. Demand is high enough for either product to keep the plant operating at maximum capacity.

Assuming that sales mix in terms of dollars remains constant, what is the breakeven point in dollars? (Round intermediate calculations to 4 decimal places and final answer up to the nearest whole number.)

Multiple Choice

• $306,513.

• $118,365.

• $288,735.

• $945,667.

• $244,765.

Please describe the sections of the statement of stockholders equity. Search for an example of such a statement and include this in your post.

Bianca has the following inventory, purchases, and sales data for the month of March. The physical inventory count on March 31 shows 500 units on hand. Inventory: March 1 200 units @ $4.00 $ 800 Purchases: March 10 500 units @ $4.50 2,250 March 20 400 units @ $4.75 1,900 March 30 300 units @ $5.00 1,500 Sales: March 15 500 units March 25 400 units Required: 1. Under a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO and (b) average-cost. 2. Under a perpetual inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO and (b) average-cost

Iguana, Inc., manufactures bamboo picture frames that sell for Tk. 25 each. Each frame requires 4 feet of bamboo, which costs Tk. 2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages Tk. 12.00 per hour. Iguana has the following inventory policies: 1) Ending finished goods inventory should be 40 percent of next month’s sales. 2) Ending direct materials inventory should be 30 percent of next month’s production. Expected unit sales (frames) for the upcoming months follow: March: 275, April:250, May: 300, June: 400, July: 375, August: 425 Variable manufacturing overhead is incurred at a rate of Tk. 0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be Tk. 7,200 (Tk. 600 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at Tk. 650 per month plus Tk. 0.60 per unit sold. Iguana, Inc., had Tk. 10,800 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale. Of direct materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Direct materials purchase for March 1 totaled Tk. 2,000. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes Tk. 150 in depreciation. During April, Iguana plans to pay Tk. 3,000 for a piece of equipment. Prepare the following for Iguana, Inc., for the second quarter (April, May, and June). Include each month as well as the quarter 2 total for each budget. 1. Sales budget. 2. Production budget. 3. Direct materials purchase budget. 4. Direct labor budget. 5. Manufacturing overhead budget. 6. Budgeted cost of goods sold. 7. Selling and administrative expenses budget

Pool Industries paid $540,000 to purchase 75% of the outstanding stock of Swimmin Corporation, on December 31, 2014. Any excess fair value over the identified assets and liabilities is attributed to goodwill. The following year-end information was available just before the purchase:

                                                                                  Pool            Swimmin            Swimmin

                                                                                 Book                     Book                       Fair

                                                                                Value                   Value                   Value

Cash                                                                  $756,000                 $80,000                $80,000

Accounts Receivable                                       260,000                 152,000                152,000

Inventory                                                           480,000                 100,000                120,000

Land                                                                    440,000                 160,000                140,000

Plant and equipment-net                            1,320,000                 400,000                430,000

                                                                        $3,256,000              $892,000              $922,000

Accounts Payable                                          $880,000                 $22,000                $22,000

Bonds Payable                                                  936,000                 200,000                180,000

Capital stock, $10 par value                          400,000

Capital stock, $15 par value                                                        450,000

Additional paid-in capital                             400,000                160,000

Retained earnings                                            640,000                  60,000

                                                                        $3,256,000              $892,000

Using the data provided above, assume that Pool decided rather than paying $540,000 cash, Pool issued 10,000 shares of their own stock to the owners of Swimmin. At the time of issue, the $10 par value stock had a market value of $60 per share.

Required: Prepare Pool's consolidated balance sheet on December 31, 2014.

The following were selected from among the transactions completed by Babcock Company during November of the current year. Babcock uses the net method under a perpetual inventory system.

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION