Northwest Industrial Products Corporation two products 1 and product L Product is expected to sell 50,000 units and product L 100,000 units next year . A unit of either product requires 0.2 direct labor .The company's total manufacturing overhead for the year is expected to be $2925000

Required : The company currently applies manufacturing overhead to products using direct labour hours the allocation If this method is followed how overhead cost will applied to each product? Compute both the overhead cost per unit and the total amount of overhead cost that will be applied to product(In other words, how much overhead cost will be applied to of perduct ? Product L? How much overhead cost will be applied in total to all the units of product H? Product L?)

2. Management is considering activity based costing system and would like to know what impact this change might have on Page product costs. For the purpose of discussion , it has been suggested that all of the manufacturing overhead be treated as a product-level cost. The total manufacturing overhead would be divided in half between the two products , with $1,462,500 assigned to product H and \$1,462,500 assigned to product L.

If this suggestion is followed, how much overhead cost per unit will be applied to each product?

3. Explain the impact on unit product costs of the switch in costing systems

Doede Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts--equipment depreciation and supervisory expense--to three activity cost pools--Machining, Order Filling, and Other--based on resource consumption. Data to perform these allocations appear below:

Overhead costs:

Distribution of Resource Consumption Across Activity Cost Pools:

In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products.

Activity:

Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins.

Sales and Direct Cost Data:

What is the overhead cost assigned to Product W1 under activity-based costing?

Multiple Choice

• $2,509

• $15,494

• $50,340

• $12,984

The total cost of the wagons before any discount was taken; the net cost after the trade discount.

The amount of remittance to the nearest cent on May 18.

The amount of remittance to the nearest cent on May 31.

The total cost and individual cost to the nearest cent per wagon after all discounts.

The amount saved by making the two payments.

The breakeven point to the nearest cent for all wagons.

The regular list price per wagon rounded to the nearest cent.

The reduced list price per wagon rounded to the nearest cent.

The total revenue received from the sale of all wagons.

The total amount of operating profit or loss and the percent of cost this amount was (to the nearest tenth percent.

Betty bakes and sells bagels all year round. Betty plans and manages inventories of paper take-out bags with her logo printed on them. Daily demand for take-out bags is normally distributed with a mean of 90 bags and a standard deviation of 30 bags. Betty’s printer charges her $10 per order for print setup independent of order size. Bags are printed at 5 cents ($0.05) each bag. It takes 4 days for an order to be printed and delivered. Betty has a storage room big enough to hold all reasonable quantities of bags. The holding cost is estimated to be 25% per year. Assume 360 days per year. (Use the H= i × C formula to compute the annual holding cost).

a.) What is Betty’s total annual inventory-related cost (cost of placing orders and carrying inventory)?  

b.) What is the total cost per bag?

c.) What is Betty’s monthly inventory turns?

d.) If Betty’s printer charges her $12 per order irrespective of order size, what is the total annual inventory-related costs per bag?

e.) Assume that the print cost can be reduced to 3 cents per bag if Betty prints 9000 bags or more at a time. If Betty is interested in minimizing her total cost (i.e., purchase and inventory-related costs), should she begin printing 9000 or more bags at a time?

Kubin Company’s relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 units, its average costs per unit are as follows:

Required:

1. If 23,000 units are produced and sold, what is the variable cost per unit produced and sold?

2. If 27,500 units are produced and sold, what is the variable cost per unit produced and sold?

3. If 23,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?

4. If 27,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?

5. If 23,000 units are produced, what is the average fixed manufacturing cost per unit produced?

6. If 27,500 units are produced, what is the average fixed manufacturing cost per unit produced?

7. If 23,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?

8. If 27,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?

I know how to do this with arrays, but I have trouble moving my code to use with linked lists

Write a C program that will deal with reservations for a single night in a hotel with 3 rooms, numbered 1 to 3. It must use an infinite loop to read commands from the keyboard and quit the program (return) when a quit command is entered. Use a switch statement to choose the code to execute for a valid command. The valid commands are: R or r: reserve a room C or c: cancel a reservation W or w: remove a request from the waiting list L or l: list the current reservations for the night Q or q: quit the program Any other input: print an error message and prompt for another command.

You must use a linked list to represent the reservation list, and another linked list to represent the waiting list. You can determine whether each list will be singly- or doubly linked, and whether each list has just a front pointer, or a front and rear pointer. The two lists do not need to have the same design (that is one could be singly-linked with a front pointer, and the other doubly-linked with front and rear pointers. The reservation list can have at most as many nodes as there are rooms in the hotel Actions taken in response to a valid command (r, c, w, or l) must be implemented using programmer-defined functions, one per command. Any needed data must be passed to the functions, not declared globally. Implement reservation ids using a simple integer counter. Names will have fewer than 15 characters.

Actions for each command are:

Reservation: If there is a free room, reserve a room by inserting a node on the reservation list containing the next reservation id and the name associated with the reservation. When there is space available, print the reservation id for the person at the keyboard, and prompt for and read the name associated with the reservation. If there are no rooms, print an appropriate message and ask if the person wants to be entered on the waiting list. If they do, add a node to the waiting list array, print the reservation id for the person at the keyboard, and prompt for and read the name associated with the waiting list entry. The waiting list must be implemented as a queue (insert nodes at the back of the list and remove nodes from the front of the list when a room becomes available)

Cancellation: If there is a room reserved under that reservation id, cancel the reservation by removing the node associated with the reservation. Otherwise print a message that the id is not valid. If a room is cancelled and there are entries on the waiting list, remove the first entry on the waiting list and insert the data in the reservation list, then print a message indicating that reservation id is now confirmed. Note that, if the nodes on both lists are the same type, you can simply insert the node you removed from the waiting list into the reservation list.

Wait cancellation: If there is a waiting list entry with that reservation id, the node containing that reservation id should be removed from the waiting list. Otherwise print a message indicating that id is not on the waiting list.

List reservations: Print the reservation ids and associated names of all rooms that are reserved. Do not print anything for rooms that are vacant. If there are no rooms reserved, print a message indicating that. If there are any entries on the waiting list you should also print the reservation number and name of all elements on the waiting list.

Quit: end the program by returning from the main function. Any other command: print an error message and prompt for another command.

Use an integer counter for reservation ids that starts at 1. Reservation ids are not reused. Use another integer to keep track of the number of rooms reserved. Your solution will be for a boutique hotel with only 3 (very expensive) rooms. But make liberal use of #define statements so it would be trivial to adapt your solution to a larger hotel.

Sunshine Company is a calendar year accrual-basis taxpayer and is in its first year of operations. Sunshine Company had the following income, expense, and loss items for the current year: Sales $650,000 Corporate dividend (from 5% owned corporation) 60,000 Municipal bond interest 25,000 Long-term capital gain 0 Short-term capital loss (8,000) Cost of goods sold 320,000 Depreciation 65,000 Nondeductible fines 4,000 Advertising 7,000 Utilities 6,000 Rent 5,000 Furthermore, Sunshine’s liabilities (all recourse) increased from $0 on 1/1 to $300,000 on 12/31 of the current year. 1) Assume that Sunshine Company is owned by Alvin as a sole proprietorship. Alvin received $2,400 per month ($28,800 in total) from Sunshine Company as an owner’s draw. Additionally, Alvin took $55,000 out of Sunshine Company near the end of the year as a partial distribution of profits.

a) Calculate the net business income of Sunshine Company/Alvin that would be reported on Schedule C of Alvin’s Form 1040.

b) How much of the $2,400 per month ($28,800 total) and the $55,000 distribution would Alvin include as taxable income on his Form 1040?

c) What amount of Alvin’s income will be subject to self-employment tax?

d) Note that you do not need to complete Schedule C or other forms, but these form will be a useful guide in completing this portion of the assignment.

2) Assume that Sunshine Company is a c corporation. Alvin contributed $60,000 to purchase 60% of the stock while his wife’s best friend, Ann, contributed $40,000 to purchase the remaining 40% of the stock when the corporation was formed this year. Alvin received a $2,400 per month salary ($28,800 in total). Ann doesn’t work for the company so she received no salary. The company distributed some profits at the end of the year by paying out a $55,000 dividend.

a) Calculate Sunshine Corporation’s taxable income and income tax liability to be reported on Form 1120.

b) What amount and type of income must Alvin report on his individual Form 1040 tax return?

c) What amount of Alvin’s income will be subject to self-employment tax?

d) What is Alvin’s basis in his Sunshine stock at the end of this year?

e) Note that you do not need to complete Form 1120 but this form and related schedules will be a useful guide in completing this portion of the assignment

Cost of Production Report

The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.

a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unitcomputations, round your answers to two decimal places.

b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places.

Cost of Production Report

The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.

a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.

b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places.

Cost of Production Report

The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.

a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.

b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places.