Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: On Company Off Company Materials inventory,

December 1 $82,740 $111,700

Materials inventory, December 31 (a) 126,220

Materials purchased 210,160 (a)

Cost of direct materials used in production 221,740 (b)

Direct labor 311,930 251,330

Factory overhead 96,810 125,100

Total manufacturing costs incurred in December (b) 722,700

Total manufacturing costs 789,340 991,900

Work in process inventory, December 1 158,860 269,200

Work in process inventory, December 31 134,040 (c)

Cost of goods manufactured (c) 716,000 Finished goods inventory,

December 1 139,830 125,100 Finished goods inventory,

December 31 146,450 (d) Sales 1,219,590 1,117,000

Cost of goods sold (d) 722,700 Gross profit (e) (e)

Operating expenses 158,860 (f) Net income (f) 247,970

Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company

a. $ $

b. $ $

c. $ $

d. $ $

e. $ $

f. $ $

2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 $ Direct materials: $ $ $ Total manufacturing costs incurred during December Total manufacturing costs $ $ 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 $ Cost of goods sold: $ $ $ $

Hello,

can you assist with the below and show all work?

Target costs:
Medical Instruments uses a manufacturing costing system with one direct cost category (direct materials) and three indirect cost categories:
a. Setup, production order, and materials-handling costs that vary with the number of batches.
b. Manufacturing operations costs that vary with machine-hours.
c. Costs of engineering changes that vary with the number of engineering changes made

A) calculate the manufacturing cost per unit of HJ6 in 2017

B) calculate the manufacturing cost per unit of HJ6 in 2018

C) Did medical instruments achieve the target manufacturing cost per unit in HJ6 in 2018

GOOSE Corporation produces and sells two types of sofa pillows: plain and fancy. Currently, GOOSE uses a traditional costing system with direct labor hours as the allocation base. Actual hours for 20x3 were 20,000. In anticipation of developing an activity-based costing system, GOOSE has identified the following cost pools and activities associated with pillow production:

Direct costs for a plain sofa pillow are $1.25 for material and $2.00 for direct labor (15 minutes @ $8.00 per hour). Direct costs for a fancy sofa pillow are $1.50 for material and $4.00 (30 minutes @ $8.00 per hour). In 20x4, GOOSE expects to make 8,000 fancy pillows and 10,000 plain pillows. Those output levels will require 5 setups for fancy pillows and 10 setups for plain pillows. For the material cutting activity, the number of cuts is estimated at 10,000 for each type of pillow

1) Calculate the cost per unit (dollar and cents) for each type of pillow under traditional costing: Total cost Plain ______; Total cost Fancy_______.

2) Calculate the cost per unit(dollar and cents) for each type of pillow under ABC: total cost Plain______; Total cost Fancy _____.

3) Under traditional costing, which type of pillow cross-subsidizes the other pillow? ___________________________________.

Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December.

Required:

1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.

2. Prepare On Company's statement of cost of goods manufactured for December.

3. Prepare On Company's income statement for December.

The many identical residents of Whoville love drinking Zlurp. Each resident has the following willingness to pay for the tasty refreshment:

The cost of producing a bottle of Zlurp is $1.50, and the competitive suppliers sell it at this price. (The supply curve is horizontal.)

Each Whovillian will consume_____bottles and receive a consumer surplus of_____

.

Producing Zlurp creates pollution. Each bottle has an external cost of $1.

Taking this additional cost into account, total surplus per person in the allocation you previously determined decreases to________

.

Cindy Lou Who, one of the residents of Whoville, decides on her own to reduce her consumption of Zlurp by 1 bottle.

Cindy's consumer surplus (ignoring the cost of pollution she experiences) is now______. Her decision______increases   total surplus in Whoville by_____

.

Mayor Grinch imposes a $1 tax on each bottle of Zlurp.

Consumption per person is now_____bottles. This yields a per-person consumer surplus of_____not including the cost of pollution, a per-person external cost of_____, and government revenue of_____m per person. Total surplus per person is now_____as a result of this policy. (Hint: Total surplus is equal to consumer surplus minus the external cost of pollution plus government revenue.)

Based on your calculations, you would or wouldn't   support the mayor's policy because it decreases or increased welfare compared to before the tax.

The following cost data pertain to the operations of Montgomery Department Stores, Inc., for the month of July.

The Evendale Store is just one of many stores owned and operated by the company. The Apparel Department is one of many departments at the Evendale Store. The central warehouse serves all of the company’s stores.

Required:

1. What is the total amount of the costs listed above that are direct costs of the Apparel Department?

2. What is the total amount of the costs listed above that are direct costs of the Evendale Store?

3. What is the total amount of the Apparel Department’s direct costs that are also variable costs with respect to total departmental sales?

1.Total direct costs for the Apparel Department:

2.Total direct costs for the Evendale Store:

3.Total direct costs for the Apparel Department that are also variable costs:

Question 1

1. Where can you find the significant account policies used by the company in the Notes to Consolidate Financial Statements (state the name and the number of the note)?
2. Summarize accounting policies for investments.

Question 2

Question 3

From the 2017 financial statements of UPS, provide the amount for the following items:

1. Total fair value of trading and available-for-sale securities: ____________

2. Total fair value of trading securities: _____________

3. Total cost of trading securities: _______________

4. Total unrealized gain (loss) of trading securities: ____________

5. Total fair value of available-for-sale securities: _______________

6. Total cost of available-for-sale securities: _________________

7. Total unrealized gain (loss) for available-for-sale securities: ____________

8. Accumulated other comprehensive gain or loss: ____________

9. Investment income and other: ________________

10. Change in unrealized gains or losses on marketable securities: __________

11. Diluted earnings per share? ___________

Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available:

Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing.
Total overhead costs assigned to titanium racquets, using a single overhead rate, are

Sitwell Corporation manufactures titanium and aluminum tennis racquets. Sitwell’s total overhead costs consist of assembly costs and inspection costs. The following information is available:

                     Cost                          Titanium                          Aluminum            Total Cost

              Assembly           500 mach. hours             500 mach. hours             $45,000

            Inspections                       350                                         150                           $75,000

                                             2,100 labor hours           1,900 labor hours

Sitwell is considering switching from one overhead rate based on labor hours to activity-based costing.

Total overhead costs assigned to titanium racquets, using a single overhead rate, are

After evaluating Null Company's manufacturing process, management decides to establish standards of 3 hours of direct labor per unit of product and 15.90 per hour for the labor rate. During October, the company uses 19,100 hours of direct labor at a 307,510 total coset to produce 6500 units of product . In November, the company uses 21,400 hours of direct labor at 346,680 total cost to produce 6,800 units of product. 1) compute the rate varieance the efficiencty vairiances and the total direct labor cost variance for each of these two months October and November