Questions
Manufacturing cost data for Cheyenne Company are presented below. Indicate the missing amount for each letter...

Manufacturing cost data for Cheyenne Company are presented below.

Indicate the missing amount for each letter (a) through (i).

Case A

Case B

Case C

Direct materials used $ (a) $72,740 $131,500
Direct labor 59,740 89,280 (g)
Manufacturing overhead 50,480 82,550 104,400
Total manufacturing costs 201,900 (d) 255,900
Work in process 1/1/17 (b) 20,740 (h)
Total cost of work in process 225,820 (e) 341,400
Work in process 12/31/17 (c) 15,360 73,580
Cost of goods manufactured 188,300 (f) (i)

In: Accounting

The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salary...

The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salary $5,920 Hourly workers wages 32,088 Food 11,074 Equipment 6,810 Supplies 3,118 Total $59,010 The hourly workers wages, food costs, and supplies costs were variable; the supervisor salary and equipment costs were fixed. The cafeteria served 13,000 meals during September. In October, the cafeteria is expected to serve 12,350 meals. Using account analysis with this data, estimate the total cafeteria cost in October [round variable costs per unit to two decimal places]?

In: Accounting

Coopers Company reported the following information: Units Unit Cost Units Sold Jan 1 Beginning inventory 190...

Coopers Company reported the following information:

Units Unit Cost Units Sold

Jan 1 Beginning inventory 190 $50

Mar 8 Sale 100

Apr 10 Purchase 320 55

Jun 20 Sale 240

Oct 10 Purchase 570 60

Nov 30 Sale 450

Total

Selling price per unit

during the year: $75    790

Required Complete the following table.

Cost Total Periodic Perpetual Date Purchased per Unit Cost Sold FIFO Weighted Average Units $ $ Units Units $ $ Units $ $

In: Accounting

Can someone show me how this answer is 8,080 ? I keep coming up with the...

Can someone show me how this answer is 8,080 ? I keep coming up with the wrong number. Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much?

Sales $50,000

Variable Costs $9,600

Fixed Costs $29,000

Answer is 8,080

Calculate the total cost of FC and VC for $50,000.

2) Calculate the increase in VC based on the % increase in Sales. VC/50000 * new sales

3) Add FC and VC based on new Sales $$

4) Compare total costs for both sales levels.

In: Accounting

Barcelona, Tbk. produce international quality soccer shoes. The price of a pair of soccer shoes is...

Barcelona, Tbk. produce international quality soccer shoes. The price of a pair of soccer shoes is Rp. 250,000.00. The variable cost to produce soccer shoes is Rp. 150,000.00 and a fixed cost of Rp. 500,000,000.

a. It is assumed the company currently sells 6,000 pairs of soccer shoes per year, calculating operating leverage.

b. Based on problem (b) it is assumed the company has a total financial cost of Rp. 20,000,000, consisting of 40% interest expense and the remaining preferred stock dividends. The applicable tax rate is 40%, calculate the company's financial leverage.

c. Calculate the total leverage of the company.

In: Accounting

The biggest advantage of the two rules to detect the most profitable output level is that...

The biggest advantage of the two rules to detect the most profitable output level is that these rules tell us that

  1. There are always two output levels at which marginal revenue is equal to marginal cost and we need to identify the correct profit-maximizing level of production by using these two rules.
  2. When the two rules are satisfied we know that the maximum total profit cannot be negative.
  3. In general, marginal revenue equal to marginal cost does not guarantee profit-maximization.
  4. For a company with constant marginal cost, profit-maximization is impossible.
  5. The maximization of total revenue or sales is what companies should pursue.

In: Economics

J&M provide the following budgeted expenses for producing 10,000 units of a toy, the following are...

J&M provide the following budgeted expenses for producing 10,000 units of a toy, the following are the budgeted expenses:

$ (Per Unit)

Direct material 30.00

Direct Labor 15.00

Variable overhead 12.50

Fixed overhead ($75,000) 7.50

Variable expenses (direct) 2.50

Selling expenses (10% fixed) 7.50

Administration expenses ($ 25000 rigid for all production levels) 2.50

Distribution expenses (20% fixed) 2.50

Total cost of sale per unit 80.00

Prepare a budget for production of 12000, 14000 & 16000 units showing distinctly marginal cost & total cost.

In: Accounting

Campbell Company had 400 units of product in work in process inventory at the beginning of...

Campbell Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,100 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow:

Product Costs
Beginning balance $ 37,560
Added during period 58,800
Total $ 96,360

Required

  1. Calculate the number of equivalent units of production.

  2. Calculate the product cost per equivalent unit.

  3. Calculate the total cost allocated between ending work in process inventory and finished goods inventory.

In: Accounting

1.A company has provided the following data:   Sales 12,000 units   Sales price $100 per unit   Variable...

1.A company has provided the following data:

  Sales

12,000 units

  Sales price

$100 per unit

  Variable cost

$50 per unit

  Fixed cost

$300,000

            If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, by how much will net income increase?

2.   Hamada Company sells a single product. The product has a selling price of $100 per unit and variable expenses of 80% of sales. If the company's fixed expenses total $150,000 per year, what will the break-even be?

            

In: Accounting

Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs...

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:

Cost Titanium Aluminum Total Cost
Assembly 500 mach. hours 500 mach. hours $50000
Inspections 350 150 $90000
2100 labor hours 1900 labor hours



Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing.
Using activity-based costing, how much assembly cost is assigned to titanium racquets?

$21000.
$35000.
$25000.
$26250.

In: Accounting