Question: The hospital has acquired medical diagnostic equipment that cost $3,000,000 total. In addition, the hospital had to pay $55,000 to have the equipment shipped to it from the manufacturer, and $60,000 to install the equipment. It is expected that the equipment has a 7-year useful life, and a $200,000 salvage value. Calculate the ten years of depreciation using the straight line, double declining balance, and sum-of-the-years digits.
I am getting confused about how to solve and am having issues with the three methods balancing. Please show work.
In: Accounting
In: Accounting
Briefly describe variable, fixed, mixed, and step costs, and indicate how the total cost function of each changes as activity increases within a time period. Give 3 examples of each type of cost (only one example of step costs
In: Accounting
Mega CVBA had average total cost per unit of $10.43 at 4,000 units and $8.55 at 11,000 units.
What is the fixed cost for Mega?
Please show work and thank you.
In: Accounting
Martinez Corp. reports the following for the month of June.
|
Date |
Explanation |
Units |
Unit Cost |
Total Cost |
||||
|---|---|---|---|---|---|---|---|---|
| June 1 | Inventory | 129 | $5 | $ 645 | ||||
| 12 | Purchases | 339 | 6 | 2,034 | ||||
| 23 | Purchases | 187 | 7 | 1,309 | ||||
| 30 | Inventory | 236 |
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
| Weighted-average unit cost | $enter weighted-average unit cost in dollars rounded to 3 decimal places |
eTextbook and Media
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)
|
FIFO |
LIFO |
Average-cost |
||||
|---|---|---|---|---|---|---|
| The cost of the ending inventory | $enter a dollar amount rounded to 0 decimal places | $enter a dollar amount rounded to 0 decimal places | $enter a dollar amount rounded to 0 decimal places | |||
| The cost of goods sold | $enter a dollar amount rounded to 0 decimal places | $enter a dollar amount rounded to 0 decimal places | $enter a dollar amount rounded to 0 decimal places |
In: Accounting
Sara sells two types of cakes from home. The total fixed cost
for every month is budgeted at 200 BD. The labor cost per unit is
equal to 2 BD. Sara sells 150 cake every month. The selling prices
is 15 BD. The ingredient cost is 4 BD per cake.
Sara wants to know what price she must charge to generate enough
revenue to cover her costs. With Break-Even Analysis, Sara can
compare different pricing options and calculate how many units sold
will lead to profitability. She needs to calculate the contribution
margin which equal to selling price minus the variable costs.
Contribution margin shows the revenue earned per unit, after
deducting variable costs and needs to be enough to cover the
company's fixed costs. Sara needs to calculate the following:
1) Break-Even Price, to determine the price needs to be set to generate enough revenue to cover her costs. Break-Even Price equal to 1 / ((1 - Total Variable Costs Percent per Unit) * (Total Fixed Costs per Unit)). Where Variable Costs Percent per Unit = Total Variable Costs / (Total Variable + Total Fixed Costs). Then determine how changes in unit sold and cost per unit affect Break-Even Price, unit sold between 100 and 200 in 10 increments and Cost per unit between 3.5 and 6.5 in 0.5 increments.
2) Break-Even Units Sold, to determine the number of units that
need to be sold to achieve the break-even point. To calculate the
Break-Even Units Sold, we divide the total fixed costs by the
contribution margin for each unit sold. Then determine how changes
in unit sold and cost per unit affect Break-Even Unit, price
between 7 and 17 in 1 increments and Cost per unit between 3.5 and
6.5 in 0.5 increments
I need it to be solved using modeling , sensitivity analysis and financial excel functions with excel or written.
In: Accounting
Calculate the cost per equivalent unit in the blending department given the following information:
Total Direct Materials Conversion
Completed 100% 10,000 10,000 10,000
WIP:
Run A 3,000 2,000 (67%) 1,500 (50%)
Run B 5,000 4,500 (90%) 0 (0%)
Run C 20,000 10,000 (50%) 8,000 (40%)
Total Costs:
Direct Materials: $60,000
Conversion: $50,000
In: Accounting
I REALLY JUST NEED TO KNOW THE TOTAL SHIPPING COST AND THE SHIPPING PATTERN!
House Beer has three breweries in Portland, New York and Scranton. The cases of beer are sent to warehouses in Boston and Atlantic City and then shipped to the distribution centers in Pittsburgh, Cincinnati, and Atlanta. The shipping cost per case from each brewery to each warehouse and the supply and demand are given below. (15 points)
Warehouse
|
Brewery |
Boston |
Atlantic City |
|
Portland |
0.38 |
1.16 |
|
New York |
0.50 |
0.40 |
|
Scranton |
1.20 |
0.60 |
Distribution Center
|
Warehouse |
Pittsburgh |
Cincinnati |
Atlanta |
|
Boston |
0.70 |
1.20 |
1.50 |
|
Atlantic City |
0.50 |
0.90 |
1.20 |
|
Capacity of Each Brewing |
Demand at Each Distribution Center |
|||
|
Portland |
1600 |
Pittsburgh |
1800 |
|
|
New York |
2000 |
Cincinnati |
2000 |
|
|
Scranton |
2500 |
Atlanta |
2300 |
|
a. Draw the network diagram for this problem.
b. Using Excel solve the above problem and give the optimal solution.
Write your optimum shipping pattern and the total shipping cost below.
Total Cost =
Your shipping pattern:
In: Statistics and Probability
Kaleta Company reports the following for the month of June.
|
Date |
Explanation |
Units |
Unit Cost |
Total Cost |
||||
| June 1 | Inventory | 332 | $7 | $2,324 | ||||
| 12 | Purchase | 664 | 8 | 5,312 | ||||
| 23 | Purchase | 498 | 9 | 4,482 | ||||
| 30 | Inventory | 166 |
Assume a sale of 730 units occurred on June 15 for a selling price
of $10 and a sale of 598 units on June 27 for $11.
Calculate cost of goods available for sale.
| The cost of goods available for sale |
$12,118 |
Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)
| June 1 | $ | |
| June 12 | $ | |
| June 15 | $ | |
| June 23 | $ | |
| June 27 | $ |
Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 730 units occurred on June 15 for a selling price of $10 and a sale of 598 units on June 27 for $11. (Round answers to 0 decimal places, e.g. 1,250.)
|
FIFO |
LIFO |
Moving-Average Cost |
||||
| The cost ending inventory | $ | $ | $ | |||
| The cost of goods sold | $ | $ | $ |
In: Accounting
During 2020, Barden Building Company constructed various assets at a total cost of $14,700,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2020 were $9,800,000. The company had the following debt outstanding at December 31, 2020:
1. 10%, 5-year note to finance construction of various assets,
dated January 1, 2020, with interest payable annually on January 1 $6,300,000
2. 12%, ten-year bonds issued at par on December 31, 2014, with interest
payable annually on December 31 7,000,000
3. 9%, 3-year note payable, dated January 1, 2019, with interest payable
annually on January 1 3,500,000
Instructions
Compute the amounts of each of the following (show computations).
1. Avoidable interest.
2. Total interest to be capitalized during 2020.
In: Accounting