Comfort Corporation manufactures and sells various types of chairs. The below are the costing details of a chair model, namely, Curver:

• Variable manufacturing cost per unit = $60
• Total fixed manufacturing cost for the year = $1,500,000
• Variable selling and administrative expense per unit sold = $5
• Total fixed selling and administrative cost for the year = $230,000
• Predetermined overhead rate being computed based on the expected production of 100,000 units

The selling price for the chairs was $150 each.

1. If Comfort used the normal absorption costing method with all over/under-applied of fixed manufacturing costs directly written off to cost of goods sold, what would be the net operating income on the sale of Curver in its first year when 120,000 chairs being produced instead of the 100,000 expected production? Comfort managed to sell 100,000 chairs.
2. Based on your answer for Question 5, what would have been the difference in profit if the variable costing format was used instead? A complete variable income statement is not required.
3. If the company had used absorption costing and the actual costing system, what would have been Comfort's net operating income in its first year if 12,000 chairs had been produced instead of 10,000 and Comfort still sold 10,000 chairs?
4. Using variable costing method only, compare the net operating income difference if the company only sold 90,000 chairs instead of 100,000 chairs?

Select a publicly-traded company and access the company’s most recent annual report (select the “Investors” menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure. Please no answer that has already been listed Thanks and cite if needed, please?

Select a publicly-traded company (the home depot inc.) and access the company’s most recent annual report (select the “Investors” menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure. Please no answer that has already been listed Thanks and cite if needed, please?

Companies where IT is an important part of their product offerings presumably also have a sales force that is well versed in technology. Why is it then necessary to take the CIO along on customer visits? Discuss

1. How companies account for defined benefit, defined contribution, and postretirement benefit plans?

Question 1
Norway (Pty) Ltd is a divisionalised company, where the divisional managers’ remuneration packages are linked to the return on investment of their divisions. Return on investment is based on the net book value of assets employed in the division at the beginning of the financial year. On average, divisional managers remain in their posts for a three-year period.
The manager of the Scandinavian division is considering two mutually exclusive alternative proposals for investing in new machinery. These proposals both involve an initial outlay of R250 000, but will yield different levels of savings over the life of the machinery, which is estimated at five years, after which they will have no residual value. Norway (Pty) Ltd ‘s depreciation, is calculated on a straight-line basis.
The savings will give rise to increased cash flows as follows:
Year
Machine
A
Cash flows
B
Cash flows
1
80 000
100 000
2
80 000
90 000
3
80 000
80 000
4
100 000
60 000
5
100 000
40 000
Required:
1. Appraise each project, using
a) return on investment, as described above
b) net present value, using the company’s cost of capital of 6%
15 marks
Based on your results from (1), explain which machine the divisional manager is likely to choose and discuss the potential conflict between performance measurement and investment appraisal.

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Spoiled units generally constitute 44% of the good units.

Data for December 2017 are as follows:

WIP, beginning inventory 12/1/2017 22,700 units

    Direct materials (100% complete)

 Conversion costs (75% complete)

Started during December 77,000 units

Completed and transferred out 12/31/2017 72,900 units

WIP, ending inventory 12/31/2017 18,000 units

  Direct materials (100% complete)

     Conversion costs (70% complete)

Costs for December:     

WIP, beginning Inventory:  

   Direct materials $152,000

Conversion costs 77,200

Direct materials added 232,400

   Conversion costs added 296,000

What is the total cost per equivalent unit using the weighted−average method of process costing? (Round any cost per unit calculations to the nearest cent.)

1. Please describe the difference between an accounts receivable and a notes receivable.

2. There are times when businesses cannot collect the money that is owed to them by their customers. When this happens, businesses incur an expense. There are two methods for recording uncollectible receivables. They are the allowance method and the direct write off method. Please explain the difference between these two methods.

*****Please post your answer as a typing or text, not as a photo!!!

Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 43,900 Units in ending work in process 8,500 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $80,500 Direct labor $68,700 Overhead $103,800

Speedy Pty Ltd operates a suburban delivery business. It is considering the replacement of a 2-ton van with a 3-ton van. Detail of the respective vehicles are as follows:

The after-tax cost of capital 10%pa and the tax rate is 30%. Management is considering the following alternatives: replace now or Replace in three years which alternative should be accepted? Explain your decision.

1. Please describe the difference between an accounts receivable and a notes receivable.

2. There are times when businesses cannot collect the money that is owed to them by their customers. When this happens, businesses incur an expense. There are two methods for recording uncollectible receivables. They are the allowance method and the direct write off method. Please explain the difference between these two methods.

*****Please post your answer as a typing or text, not as a photo!!!

Topic = Strategy

defination (100 words )

explain (150 words )

and give two examples ( eg. how it works , steps involved use and limitations and specific products organisations or issues and etc ) around 150 words

plagiarism free

. The following information pertains to Feyenoord, Inc.:

1. Net income for the year 2019 equals $ 360,000.
2. Since the beginning of year, $200,000 of convertible bonds (issued at par) were outstanding. Each of the 200, $1,000 bonds can be converted into 50 shares of common stock for the next 10 years. None of these bonds were converted during the year.
3. Since the beginning of the year, stock warrants were outstanding to buy 16,000 shares of common stock at $10 per share. None of these warrants were exercised during the year.
4. During the entire year, 200,000 shares of $5 par common stock were outstanding.
5. Feyenoord's income tax rate for the year is 30%.
6. The average market price for common stock during 2019 was $16.

Compute basic and diluted earnings per share for the year 2019.

MicroMem is a​ fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disposal value. MicroMem uses the​ weighted-average method of process costing. Summary data for September 2017 are as​ follows:

Question: Finally, assign total costs to units completed and transferred out​ (including normal​ spoilage), to abnormal​ spoilage, and to units in ending work in process. ​(Round your answers to the nearest whole dollar. Note that the total costs account for direct materials and conversion costs may not equal the total production costs due to​ rounding.)

Answer:

1. Please describe the difference between an accounts receivable and a notes receivable.

2. There are times when businesses cannot collect the money that is owed to them by their customers. When this happens, businesses incur an expense. There are two methods for recording uncollectible receivables. They are the allowance method and the direct write off method. Please explain the difference between these two methods.

*****Please post your answer as a typing or text, not as a photo!!!