Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T):

The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs.

Required:

a. Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)

A manufacturing company employs job order costing to account for its costs. There are two production departments, and separate departmental overhead application rates are employed because the operations of the departments are distinct. All jobs generally pass through both production departments. Data regarding the hourly direct labor rates, overhead application rates, and three jobs on which work was done during the month appear below. Job 101 and Job 102 were completed during the current month. (CIA Examination adapted)

QUESTION: What is the total manufacturing cost of Job 102? (Round to the nearest dollar.)

QUESTION: What are the total manufacturing costs added to Job 101 in Department 2? (Round to the nearest dollar.)

QUESTION: What is the total manufacturing cost of Job 101? (Round to the nearest dollar.)

QUESTION: What are the total manufacturing costs added to Job 102 in Department 2? (Round to the nearest dollar.)

QUESTION: What are the total manufacturing costs added to Job 101 in Department 1? (Round to the nearest dollar.)

COST MANAGEMENT: PLEASE SHOW ALL COMPUTATIONS IN DETAIL PLEASE AND THANK YOU

4. Lau & Lau, Ltd. of Hong Kong manufacture two products for the same market. Its budget and operating results for the year just completed follow:

Actual Budget

Unit of sales

Product A 30,000 35,000

Product B 60,000 65,000

Contribution per unit

Product A $4.00 $3.00

Product B 10.00 12.00

Selling price per unit

Product A $10.00 $12.00

Product B 25.00 24.00

At the time of budget preparation, the budgeting department and sales department agreed that the industry volume for the year would likely be 1,500,000 units. Actual industry volume turned out to be 2,000,000 units.

Required:(you may round fractions to three decimal places)

A. What is the average budgeted contribution margin per unit?

B. What is the sales volume contribution margin variance for each product?

C. What is the sales mix contribution margin variance for each product?

D. What is the sales quantity contribution margin variance for each product?

E. What is the market size contribution margin variance?

F. What is the market share contribution margin variance?

G. What is the total flexible budget contribution margin variance?

H. What is the total variable cost price variance if the total contribution margin price variance is $50,000 favorable?

I. What is the total variable cost efficiency variance if the total contribution margin price variance is $50,000 favorable?

Calculate the following based on 2018 numbers using the attached financial statements for XYZ Corp. Assume the only variable cost is the cost of goods sold.

1. Survival revenues (EBITDA breakeven – includes interest).
2. B.NOPAT Breakeven

c) Interpret these values and indicate what you would expect to happen to them if a large addition is made to fixed assets.

Financial Statements for XYZ Corp.

Balance Sheet for Period Ending December 31.

Income Statement for the Period Ending December 31.

Assume that a bus company increased costs and fears that it will make a loss. What should it do, if to rise the fares may be a wrong policy.
To help it decide what to do it commissions a survey to estimate passenger demand at three different fares: the current face of 10c per km, a higher fare of 12c per km, and a lower fare of 8c. The results of the survey are shown in the first two columns:

Demand turns to be elastic. TR can be increased by reducing the price from current 10 to 8$.

What will happen to the company profits? Its profit is the difference between the total revenue from passengers and its total costs of operating the service. If buses are currently under-utilised , then is possible that the extra passengers can be carried without the need for extra buses with no extra cost..

At the fare of 10c , old profit was 40000. After the rase, a 10c now gives a loss of 40.000$. By raising the fare to 12c- loss increased to 80000$.

Questions:

1) Estimate the price elasticity of demand between 8c and 10c and between 10c and 12c. Show all detailed calculations.

2) 10c fare the best fare originally? Explain your answer detailed.

3) If the company considers lowering the fare to 6c and estimates the demand will be 8.5 million passenger km. What is your opinion, it is good idea? How should it decide?

You are appraising a five-year-old, single-family residence. The total square footage of the livable area is 2,700. The garage is 500 square feet. According to figures obtained from a cost-estimating service, the base construction cost per square foot of livable area is $125 and $80 per square foot for the garage. The lot is valued at $98,000. What is the reproduction cost of the new structure?

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YoYo Ice Cream is a firm in a perfect competitive industry. YoYo Ice Cream sells a pint of ice cream for $20 per unit. When YoYo Ice Cream produces 200 units of output, the average variable cost is $16, the marginal cost is $18, the and average total cost is $23. Compare the YoYo's Ice Cream profit or loss at 200 units of output with its profit or loss if it were to shut down.

A firm produces its output using only labor. Each unit of labor costs $150. a. Complete the following table. When appropriate, round to two decimal places