Questions
I have a table to fill out for a Healthcare Finance class and I'm really struggling...

I have a table to fill out for a Healthcare Finance class and I'm really struggling with the TOTAL UNITS column of the first table and the other colums of the tables after that. Help?

Activity Annual Costs Total Units1 Unit Alloc Rate Cost Driver Test A Test B Test C Test D
Receive specimen 10,000 5000 Tests 2.00 No. Tests 2,000 1,500 1,000 500
Equipment setup 25,000 Minutes 8.33 Minutes per test 5 5 10 10
Run test 100,000 Minutes 2777.78 Mminutes per test 1 5 10 20
Record results 10,000 Minutes 1000.00 Minutes per test 2 2 2 4
Transmit results 5,000 Minutes 416.67 Minutes per test 3 3 3 3
Total annual costs 150,000
1Determine total number of units per activity.
b. Calculate cost per test - allocation rate x units per test (20 points)
Test A Test B Test C Test D
Activity Alloc Rate Units Cost Units Cost Units Cost Units Cost
Receive specimen 1 1 1 1
Equipment setup 5 5 10 10
Run test 1 5 10 20
Record results 2 2 2 4
Transmit results 3 3 3 3
Total cost per test
c. Confirm accounting for Total annual cost. (16 points)
Test Total # Cost per Annual Cost
A 2000
B 1500
C 1000
D 500
Total annual costs

In: Accounting

Silver City Paints provides the following information for the MixingDepartment for the month of September2018 Units...

Silver City Paints provides the following information for the MixingDepartment for the month of September2018


Units

Costs

Beginning Work-in-Process Inventory

0

$0

Started in Production in September

21,000

40,550*

Total to Account For

21,000

40,550

Completed and Transferred to Finishing Department

during September

11,000

?

Ending Work-in-Process Inventory (15% complete for

direct materials; 50% complete for conversion costs)

10,000

?

Total Accounted For

21,000

$40,550

*Includes $3,750 direct materials and $36,800 conversion costs

Complete a production cost report for the Mixing Department for the month of September 2018 to determine the cost of the units completed and transferred out and the cost of the ending​ Work-in-Process Inventory-dashMixing. Assume Silver City Paints uses the​ weighted-average method.

Begin by completing a production cost report for the Mixing Department for the month of September 2018

​(Complete all answer boxes. Enter a​ "0" for any zero balances. Round all cost per unit amounts to the nearest cent. Abbreviation​ used: EUP​ = equivalent units of​ production.)

Silver City Paints

Production Cost Report-Mixing Department

Month Ended September 30, 2018

Physical

Direct

Conversion

UNITS

Units

Materials

Costs

Units to account for:

_________________________________

_______

_________________________________

_______

Total units to account for

_______

Units accounted for:

_________________________________

________

________

________

_________________________________

________

________

________

Total units accounted for

________

________

________

Direct

Conversion

Total

COSTS

Materials

Costs

Costs

Costs to account for:

______________________

________

________

________

______________________

________

________

________

Total costs to account for

______________________

________

________

________

Cost per equivalent unit

________

________

________

Costs accounted for:

Direct Materials

Conversion Cost

Total Cost

______________________

________

________

__________

______________________

________

________

__________

Total costs accounted for

________

________

__________

The mixing department transferred _________ units with a cost of $______________ to the Finishing department in September. The ending balance in the Work-in-Process Inventory- Mixing is $_______________

In: Accounting

PA6-1 Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point [LO 6-1, 6-2] Hermosa, Inc., produces one...

PA6-1 Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point [LO 6-1, 6-2]

Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows:

    
Number of bikes produced and sold 520 820 1,000
Total costs
Variable costs $ 123,240 $ ? $ ?
Fixed costs per year ? ? ?
Total costs ? ? ?
Cost per unit
Variable cost per unit ? ? ?
Fixed cost per unit ? ? ?
Total cost per unit ? $ 524.75 ?

     
Required:
1. Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.)

Number of bikes produced and sold 520 units 820 units 1000 units
Total Costs
Variable Costs $123,340
Fixed Costs per year

Total Cost

$123,240 $0 $0
Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit $0.00 $574.75 $0.0

  
2. Calculate Hermosa’s contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $800. (Round your percentage answers to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))

520 units 820 units 1000 units
Contribution Margin Unit % % %
Total Contribution margin ratio


4. Calculate Hermosa’s break-even point in units and sales revenue. (Round your answers to the nearest whole number.)

Break-even units Bikes
Break-Even Sales Revenue

In: Accounting

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking...

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:

Production data:
Pounds in process, May 1; materials 100% complete;
conversion 90% complete
66,000
Pounds started into production during May 310,000
Pounds completed and transferred out ?
Pounds in process, May 31; materials 70% complete;
conversion 30% complete
26,000
Cost data:
Work in process inventory, May 1:
Materials cost $ 68,300
Conversion cost $ 19,300
Cost added during May:
Materials cost $ 355,130
Conversion cost $ 105,930

Compute the equivalent units of production for materials and conversion for May.

Materials Conversion
Equivalent units of production

Compute the cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.)

Materials Conversion
Cost per equivalent unit

Compute the cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

Materials Conversion Total
Cost of ending work in process inventory

Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

Materials Conversion Total
Cost of units completed and transferred out

Prepare a cost reconciliation report for May. (Round your intermediate calculations to 2 decimal places.)

Cost Reconciliation
Costs to be accounted for:
Total cost to be accounted for
Costs accounted for as follows:
Total cost accounted for

In: Accounting

The Blossum Company has an activity –based costing system with three activity cost pools-Design, Marketing, and...

  • The Blossum Company has an activity –based costing system with three activity cost pools-Design, Marketing, and Other. The company’s overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already.
  • Costs in the Design cost pool are assigned to products based on Direct Labor Hours (DLH’s) and the costs in the Marketing cost pool are assigned to products based on the number of cases. Costs in the other cost pool are not assigned to products.
  • Required
  • (1) Calculate activity rates for each activity cost pool using ABC
  • (2) Determine the amount of overhead cost that would be assigned to Product               Tulips using ABC
  • (3) Determine the product margin for Product Tulips using ABC

Activity Based Costing (ABC) Data Sets
           Activity Cost Pools (in dollars)

Category                 Design        Marketing                    Other            Total

Depreciation              $30,000           $8,000                $20,000          $58,000

Indirect Labor              $5,000          $3,000                   $4,000          $12,000

Total                              $35,000        $11,000                $24,000          $70,000                                                                                                                                          



Category                        DLHs           Cases         

Product Tulips              2,500             600      

Product Roses             9,500          2,400                

Total                             12,000          3,000

                                                     Activity Cost Pools (in dollars)

Category                                        Tulips              Roses           

Total Sales                             250,000             280,000             

Total Direct Materials           60,000               45,000

Total Direct Labor                  48,000                98,000                

In: Accounting

Marie and Alex just paid $250,000 for a house. They made a down payment of $50,000...

Marie and Alex just paid $250,000 for a house. They made a down payment of $50,000 and assumed a 30-year $200,000 mortgage with a fixed annual interest rate of 5.50%. The house will serve as a residence for several years, but Marie and Alex also view it as an investment, as property values in the neighborhood are projected to increase at a rate of 5% per year in the near future. Property taxes on their home will be $4,236 the first year and are expected to increase 3% a year. Homeowners insurance will cost $632 the first year and is expected to increase at a rate of 2% each year.  The couple plans to sell the house after eight years. Answer the following questions.

1. What is their monthly payment on principle and interest?  Do not include property taxes or home owners insurance (AKA. escrow payment).

2. What would the couple pay in monthly payments over the 8 years that they owned the house?

In: Finance

You are currently working as a Senior Economist for the Congressional Budget Office in Washington DC...

You are currently working as a Senior Economist for the Congressional Budget Office in Washington DC making $108,000 per year. Your lifelong ambition, however, has been to open your own cupcake store. You decide to quit your job as an economist to open your dream store near the River Walk in San Antonio. You estimate that you will be able to sell 10,000 cupcakes per month at a price of $3.40 per cupcake. You will have to pay monthly rent of $5,000 for renting the retail space and will have other cash costs of $2,500 per month (utilities etc.). The ingredients will cost you $2.00 per cupcake. (3 points) Calculate monthly accounting profits (3 points) Calculate monthly economic profits (3 points) Would an economist recommend that you start this business? Why or Why not?

In: Economics

In the previous units, we learned about basic accounting principles that generally apply to all types...

In the previous units, we learned about basic accounting principles that generally apply to all types of firms. In this unit, we turn our attention to particular accounting concerns of merchant firms.

Because merchants are in many places among the most common type of business, and because there are special issues in accounting for merchandising operations, this subject merits special consideration.

No doubt all of you have merchants in the area where you live, you may often shop there, perhaps some of you may have even worked in a merchant shop. Think of a popular merchant near you. What type of merchandise do they stock? How do you think this merchant determines his or her cost of goods sold? Describe the method and "real" accounts.

250 words or more (must be original no copy paste)

In: Accounting

RBC Royal Bank wanted to evaluate the financial value of its substantial personal customer base to...

RBC Royal Bank wanted to evaluate the financial value of its substantial personal customer base to determine which type of customers were the most valuable to the bank. To do this, the bank looked at revenues and expenses from each of its financial products, including loans and credit card usage. To identify and then analyze this information, the bank utilized the MIS analysis technique called ________.

Select one:

a. Data warehousing

b. Marketing research

c. Probability sampling

d. Data mining

e. Market basket analyzing

Through ________, a firm tries to guarantee that its brand will appear at or near the top of lists of typical search phrases related to its business.

Select one or more:

a. Cost per impression pricing

b. Conversion rates

c. Search engine optimization

d. Search engine analytics

e. Predictive analytics

In: Finance

Sheridan provides shuttle service between four hotels near a medical center and an international airport. Sheridan...

Sheridan provides shuttle service between four hotels near a medical center and an international airport. Sheridan uses two 10-passenger vans to offer 12 round trips per day. A recent month’s activity in the form of a cost-volume-profit income statement is shown below. Sales (1,470 passengers) $41,160 Variable costs Fuel $5,762 Tolls and parking 3,544 Maintenance 984 10,290 Contribution margin 30,870 Fixed costs Salaries 13,100 Depreciation 1,400 Insurance 1,250 15,750 Net income $15,120 (a1) Calculate the break-even point in dollars. Break-even point $ eTextbook and Media (a2) Calculate the break-even point in number of passengers. Break-even point passengers eTextbook and Media (b) Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $

In: Accounting