Questions
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process—Assembly Department Bal., 5,000 units, 35% completed 16,175 To Finished Goods, 115,000 units ? Direct materials, 118,000 units @ $1.8 212,400 Direct labor 372,700 Factory overhead 144,960 Bal. ? units, 55% completed ? a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period. $ 2. Cost of units transferred to finished goods during the period. $ 3. Cost of ending work in process inventory. $ 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. $ b. Did the production costs change from the preceding period? No c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period?

In: Accounting

You have to buy a new copier. The cost of the copier is $2,000​, plus $...

You have to buy a new copier. The cost of the copier is $2,000​, plus $ 400 per year in maintenance costs. The copier will last for five years. Alternatively a local company offers to lease the copier to you and do the maintenance as well. If your discount rate is 6 %​, what is the most you would be willing to pay per year to lease the copier​ (your first lease payment is due in one​ year)?

​(Select the best choice​ below.)

A. The most you would be willing to pay per year to lease the copier is $ 3,684.95.

B. The most you would be willing to pay per year to lease the copier is $ 874.79.

C. The most you would be willing to pay per year to lease the copier is $ 400.

D. The most you would be willing to pay per year to lease the copier is $ 2,000.

In: Finance

this is a project management class 1. What type of cost does not depend on the...

this is a project management class

1. What type of cost does not depend on the size of a project?

2. What is expedited cost? Support your answer with at least three examples.

In: Operations Management

What is wrong with using the cost of the specific capital used to finance a project...

What is wrong with using the cost of the specific capital used to finance a project as
the discount rate in relation to that project?

In: Finance

A Major Waste Management Company in the country wants to minimize the transportation cost for their...

A Major Waste Management Company in the country wants to minimize the transportation cost for their trucks to disposal center from five receiving stations with coordinates in the table 1 below. Assume a leaner relationship between volumes transported and the transportation costs (no premium charges).

Location of waste

(x,      y)

Volume of waste (tons per day)

10,     5

26

4,      1

9

4,     7

25

2,     6

30

8,     7

40

(a) Using the center of gravity method and the information displayed in the table 1 above, determine the location for siting the disposal center.

(b) Assume that the estimated volume of waste (tons per day) transported from five receiving stations are the same; determine the location for siting the disposal center.

In: Operations Management

"The Cost of Complexity" Use the Internet and/or Strayer Library to research financial statements of a...

"The Cost of Complexity"

  • Use the Internet and/or Strayer Library to research financial statements of a manufacturing company. Analyze the cost components of the primary manufacturing process and examine the significance of cost behavior analysis to the company. Evaluate the value of using cost behavior analysis to management.
  • Examine the elements of the cost-volume-profit (CVP) income statement and provide your opinion on the benefits of its use for decision making by the management of the company researched over traditional income statements under generally accepted accounting principles (GAAP).

In: Accounting

A firm is negotiating a lease on a new piece of equipment that would cost $1,000,000...

A firm is negotiating a lease on a new piece of equipment that would cost $1,000,000 if purchased. The equipment falls into the MACRS 3-year class. The depreciation would be 33%, 45%, 15%, and 7% for years 1, 2, 3, and 4 respectively. The equipment would be used for 3 years and sold. It is estimated that it would be sold after three years for $300,000. A maintenance contract on the equipment would cost $30,000 per year if purchased. Conversely, the firm could lease the equipment for a lease payment of $290,000 per year. The lease payment would include maintenance. The firm is in the 20% tax bracket, and it could obtain a loan to purchase the equipment at a before-tax rate of 10%. What is the NAL?

Please show calculation. Thank you

In: Finance

The Toyota Camry is one of the best-selling cars in North America. The cost of a...

The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends on many factors, including the model year, mileage, and condition. To investigate the relationship between the car’s mileage and the sales price for Camrys, the following data show the mileage and sale price for 19 sales (PriceHub web site, February 24, 2012).

Miles (1,000s) Price ($1,000s)
22 16.2
29 16.0
36 13.8
47 11.5
63 12.5
77 12.9
73 11.2
87 13.0
92 11.8
101 10.8
110 8.3
28 12.5
59 11.1
68 15.0
68 12.2
91 13.0
42 15.6
65 12.7
110 8.3
(d) How much of the variation in the sample values of price does the model estimated in part (b) explain?
If required, round your answer to two decimal places.
%
(e) For the model estimated in part (b), calculate the predicted price and residual for each automobile in the data. Identify the two automobiles that were the biggest bargains.
If required, round your answer to the nearest whole number.

The best bargain is the Camry # in the data set, which has  miles, and sells for $ less than its predicted price.

The second best bargain is the Camry # in the data set, which has  miles, and sells for $ less than its predicted price.

(f) Suppose that you are considering purchasing a previously owned Camry that has been driven 30,000 miles. Use the estimated regression equation developed in part (b) to predict the price for this car.
If required, round your answer to one decimal place. Do not round intermediate calculations.
Predicted price: $
Is this the price you would offer the seller?
- Select answer -Yes or No?
Explain.

In: Math

Greg Maddox Company constructed a building at a cost of $2,200,000 and occupied it beginning in...

Greg Maddox Company constructed a building at a cost of $2,200,000 and occupied it beginning in January 2001. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2021, a new roof was installed at a cost of $300,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $160,000. Instructions a. What amount of depreciation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation.) b. What entry should be made in 2021 to record the replacement of the roof? c. Prepare the entry in January 2021 to record the revision in the estimated life of the building, if necessary. d. What amount of depreciation should be charged for the year 2021?

In: Accounting

What are the cost of overregulation and underregulation of equity markets? the solution I found on...

What are the cost of overregulation and underregulation of equity markets? the solution I found on Chegg does not really explain anything

In: Finance