Questions
Question: The hospital has acquired medical diagnostic equipment that cost $3,000,000 total. In addition, the hospital...

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

The total overhead cost incurred by a factory producing screw-machine products last year was $5,800,000 of...

The total overhead cost incurred by a factory producing screw-machine products last year was
$5,800,000 of which $800,000 was assigned to five automated screw-machine centres. These
expensive advanced machining centres ran for a total of 20,000 machine-hours. Direct material
consumption during that period cost $9,062,500. Direct labour was composed of general hands and
tradespeople. The general hands worked a total of 100,000 hours, and the tradespeople worked
50,000 hours. The general hands were paid a total of $2,700,000, and the tradespeople were paid
$1,800,000.
A new product is estimated to require $3.12 worth of direct material and components, 6 minutes of
direct labour by a general hand, and 10 minutes of screw-machine time per unit. The same product
can be produced manually, requiring a total of one hour of direct labour. A tradesperson would be
required for 40 minutes and a general hand would be needed for 20 minutes.
a) Estimate the factory cost per unit of this new product if (i) machine made, and (ii) handmade.
For each case, allocate the unassigned overhead by each of the following methods: (1) direct
labour cost; (2) direct labour hours; (3) direct material cost; (4) prime cost; and (5) machine
hours. (It is suggested you initially calculate the overhead factors for each method; and use a
table to show your cost estimates for each method).
b) Which estimates do you think are realistic? Give reasons for your opinion. What additional
information would be useful to perform more reliable cost estimation?\
c) Discuss how the cost of the initial set-up of the screw-machine (estimated to take 8 hours of a
tradesperson’s time) could be incorporated into your estimates of the proposed product in a).
Discuss whether allowing for the cost of the initial set-up could impact the decision to produce
the product by machine or by hand.

In: Accounting

Briefly describe variable, fixed, mixed, and step costs, and indicate how the total cost function of...

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...

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...

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...

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...

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...

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...

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...

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