Required information

[The following information applies to the questions displayed below.]

O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 95,000 units and sold 71,000 units. During its second year of operations, it produced 83,000 units and sold 102,000 units. In its third year, O’Brien produced 85,000 units and sold 80,000 units. The selling price of the company’s product is $71 per unit.

3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

[The following information applies to the questions displayed below.] O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations: Variable costs per unit: Manufacturing: Direct materials $ 29 Direct labor $ 18 Variable manufacturing overhead $ 4 Variable selling and administrative $ 3 Fixed costs per year: Fixed manufacturing overhead $ 560,000 Fixed selling and administrative expenses $ 180,000 During its first year of operations, O’Brien produced 96,000 units and sold 77,000 units. During its second year of operations, it produced 82,000 units and sold 96,000 units. In its third year, O’Brien produced 87,000 units and sold 82,000 units. The selling price of the company’s product is $74 per unit. 3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3.

Required information

[The following information applies to the questions displayed below.]

Inner Secret T Shirt Company produces and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 97,000 units and sold 73,000 units. During its second year of operations, it produced 79,000 units and sold 98,000 units. In its third year, O’Brien produced 89,000 units and sold 84,000 units. The selling price of the company’s product is $73 per unit.

Required:

1. Assume the company uses variable costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

11.

O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 91,000 units and sold 76,000 units. During its second year of operations, it produced 81,000 units and sold 91,000 units. In its third year, O’Brien produced 85,000 units and sold 80,000 units. The selling price of the company’s product is $75 per unit.

Case 6-29 Part-1

Required:

1. Assume the company uses variable costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

Paperose Printing Enterprise (BPB) specializes in producing wedding invitation card and wedding announcements. The company is owned by Ms Dalina. Dalina uses an actual job-order costing system. An actual overhead rate is computed at the end of each month using actual direct labor hours and overhead for the month. Once the actual cost of a job is obtained, the customer is billed at actual cost plus 40 percent.

During February 2020, Mrs. Jamila, a good friend of owner of BPP ordered three sets of wedding announcements to be delivered February 10, March 10, and April 10, respectively. Dalina scheduled production for the orders on February 7, March 7, and April 7, respectively. The orders were assigned job numbers 131, 132, and 133, respectively.

Dalina assured Mrs. Jamila that she would attend each of her daughters' weddings. Out of sympathy and friendship, she also offered a lower price. Instead of cost plus 40 percent, she gave Mrs. Jamila a special price of cost plus 25 per­cent. Moreover, she decided to wait until the final wedding to bill for the three jobs.

On May 15, Dalina requested her accountant to provide her the completed job­order cost sheets for Jobs #131, #132, and #133. She also gave instructions to lower the price as had been agreed upon. The cost sheets revealed the following in­formation:

Dalina could not comprehend why the overhead costs assigned to Jobs #132 and #323 were so much higher than those for Job #131. She requested for an overhead cost summary sheet for the months of February, March, and April, which showed that actual overhead costs were RM80,000 each month. She also discovered that direct labor hours applied to all jobs were 2,000 hours in February and 1,000 hours each in March and April.

Required

1. 1. In your opinion how Mrs. Jamila will feel when she receives the bill for the three sets of wedding announcements?
2. 2. Explain how the overhead costs were assigned to each job.
3. 3. Assume that BPB's average activity is 2,000 hours per month and that the company usually experiences overhead costs of RM960,000 each year. Can you recommend a better way to assign overhead costs to jobs? Recalculate the cost of each job and its price given your method of overhead cost assignment. Which method do you think is best? Why?

Paperose Printing Enterprise (BPB) specializes in producing wedding invitation card and wedding announcements. The company is owned by Ms Dalina. Dalina uses an actual joborder costing system. An actual overhead rate is computed at the end of each month using actual direct labor hours and overhead for the month. Once the actual cost of a job is obtained, the customer is billed at actual cost plus 40 percent.
During February 2020, Mrs. Jamila, a good friend of owner of BPP ordered three sets of wedding announcements to be delivered February 10, March 10, and April 10, respectively. Dalina scheduled production for the orders on February 7, March 7, and April 7, respectively . The orders were assigned job numbers 131, 132, and 133, respectively.
Dalina assured Mrs. Jamila that she would attend each of her daughters' weddings. Out of sympathy and friendship, she also offered a lower price. Instead of cost plus 40 percent, she gave Mrs. Jamila a special price of cost plus 25 per­cent. Moreover, she decided to wait until the final wedding to bill for the three jobs.
On May 15, Dalina requested her accountant to provide her the completed job­order cost sheets for Jobs #131, #132, and #133. She also gave instructions to lower the price as had been agreed upon. The cost sheets revealed the following in­formation:
Job #131 Job #132 Job #133

Cost of direct materials RM1,000 RM1,000 RM1,200

Cost of direct labor (five hours) 100 100 100

Cost of overhead 800 1,600 1,600

Total cost 1,900 2,700 2,900

Total price RM2,375 RM3,375 RM3,625

Number of announcements 2 ,000 2,000 2,000
Dalina could not comprehend why the overhead costs assigned to Jobs #132 and #323 were so much higher than those for Job #131. She requested for an overhead cost summary sheet for the months of February, March, and April, which showed that actual overhead costs
5
were RM80,000 each month. She also discovered that direct labor hours applied to all jobs were 2,000 hours in February and 1,000 hours each in March and April.
Required
a) In your opinion how Mrs. Jamila will feel when she receives the bill for the three sets of wedding announcements?

b) Explain how the overhead costs were assigned to each job.

c) Assume that BPB's average activity is 2,000 hours per month and that the company usually experiences overhead costs of RM960,000 each year. Can you recommend a better way to assign overhead costs to jobs? Recalculate the cost of each job and its price given your method of overhead cost assignment. Which method do you think is best? Why?

A college must track equipment items purchased using special funds.

Create an Inventory class that represents an equipment item. An equipment item consists of an 8-alphanumeric inventory number, a short description of the item, the purchase price of the item, and its current location (e.g.: room/building location). If an item is surplussed (e.g., gotten rid of), then the current location should say surplus, but the item should remain on the list.

Write a program that reads inventory items from a file into a vector. Implement a menu system that allows the user to add, edit, and delete records from the list as well as search the list based on inventory number and print a report of all records.
The list should always be maintained in order of inventory number. When the program closes, the data file should be overwritten with the most recent data from the list.

Implement one of the sorting and searching algorithms from the chapter. Do not use the built-in sort function.

Be sure to use the same menu options as shown in the example so the auto-grader can accurately grade your assignment.

Sample

MAIN MENU
1 - Add
2 - Edit
3 - Delete
4 - Search
5 - Print All
6 - Exit
Choice: 2

Enter inventory number to edit: 12-2322-12
Curent Values
12-2322-12 Printer 800.00 PW-590

EDIT MENU
1 - Inventory Number
2 - Description
3 - Price
4 - Location
5 - Done
Choice: 3
Enter new price: 820.00
EDIT MENU
1 - Inventory Number
2 - Description
3 - Price
4 - Location
5 - Done
Choice: 1
Enter new Inventory Number: 12-AB-3333
Invalid inventory number.
EDIT MENU
1 - Inventory Number
2 - Description
3 - Price
4 - Location
5 - Done
Choice: 5
MAIN MENU
1 - Add
2 - Edit
3 - Delete
4 - Search
5 - Print All
6 - Exit
Choice: 5

12-1194-94 Switch 417.00 TR-123
12-1232-35 Monitor 300.00 Surplus
12-1384-91 MicroPlus 1200.00 Surplus
12-2322-12 Printer 820.00 PW-590
12-3245-21 Test 120.00 Surplus
14-4343-41 Cabinet 175.00 AW-212
14-4992-22 Bookshelf 375.00 BN-100
14-8383-12 Chair 70.00 BN-100
14-9842-85 Desk 283.00 BN-100
14-9923-95 Typewriter 120.00 Surplus

MAIN MENU
1 - Add
2 - Edit
3 - Delete
4 - Search
5 - Print All
6 - Exit
Choice: 6

Need the answer in C++ and always need a .cpp file, .h file, and driver file

Little League, Inc. makes two kinds of baseball gloves - the Beginner and the Pro. Below is some relevant information for the past year (unit means one baseball glove):

Little League is considering the use of activity-based costing, although it currently uses traditional (simple) costing, (meaning it uses just one pool of overhead costs and one allocation base). Little League is doing some analysis at year-end to see which costing method is best. Little League incurred total overhead costs for the year of $615,000, with direct labor-hours as the only allocation base.

Using traditional costing, what are the total indirect costs allocated to each Beginner baseball glove?

Lopez Corp started business operations in 2019 and the following information was collected:

Allen Inc produces a single product that sells for $100. Variable costs per unit equal $45. The company’s total fixed costs are $78,000 at the sales level of 3,000 units. Suppose management believes that a $15,000 increase in the monthly advertising expense and a 14% reduction in the selling price will result in a 14% increase in sales. If this proposed reduction in selling price is implemented ________.

The break-even level in sales dollars is:

1. the first ionization energy of Ca is greater than the first ionization energy of K, but the second ionization of Canis lower than the second ionization energy of K. Explain.

2. Compare the hybridization of the sulfur atom in the molecules SF_2, SF_4, and SF_6

3. Assign formal charges to each atom in NH_4^+, SO_3^-2, and XeF_2

The first-in-time rule means that the first creditor to file or protect his or her interest will have ________ in the collateral.

The document that creditors file to protect a security interest is known as a _______.

A ________ is a sales transaction arranged by the seller to benefit a buyer who pays an unreasonably low price for the item sold.

Creditors who depend only upon the debtor's promise to pay are ________ creditors.

If a foreclosure sale is commercially reasonable but does not produce enough to satisfy the debtor's debts, the _______ is liable for any deficiency.