accounting assignment latest 2016
Please e mail me your solutions to the essay/quick reply questions on the examination. Don't paste your solutions into the textual content field. DO NOT PLAGIARIZE. DO NOT TAKE WORD FOR WORD FROM ANY ONLINE SITE. 1. McCabe Manufacturing Co.'s static finances at eight,000 items of manufacturing consists of $40,000 for direct labor and $four,000 for electrical energy. Whole fastened prices are $23,000. At 9,000 items of manufacturing, a versatile finances would present: variable prices of $49,500 and $25,875 of fastened prices variable prices of $44,000 and $23,000 of fastened prices variable prices of $49,500 and $23,000 of fastened prices variable and stuck prices totaling $75,3752 factors Query 21. For January, gross sales income is $600,000; gross sales commissions are 5% of gross sales; the gross sales supervisor's wage is $96,000; promoting bills are $80,000; transport bills complete 2% of gross sales; and miscellaneous promoting bills are $2,100 plus 1/2 of 1% of gross sales. Whole promoting bills for the month of January are: $157,100 $223,100 $183,750 $182,1002 factors Query 31. Machine Producers, Inc. projected gross sales of 66,000 machines for 2008. The estimated January 1, 2008, stock is 6,500 items, and the specified December 31, 2008, stock is 7,000 items. What's the budgeted manufacturing (in items) for 2008? 65,500 66,000 66,500 65,0002 factors Query 41. Mancini Company sells a single product. Budgeted gross sales for the 12 months are anticipated to be 640,000 items, estimated starting stock is 108,000 items, and desired ending stock is 90,000 items. The portions of direct supplies anticipated for use for every unit of completed product are given beneath.Materials A .50 lb. per unit @ $ .60 per poundMaterial B 1.00 lb. per unit @ $1.70 per poundMaterial C 1.20 lb. per unit @ $1.00 per poundThe greenback quantity of direct materials A utilized in manufacturing in the course of the 12 months is: $186,600 $181,200 $240,000 $210,6002 factors Query 51. The Martin Firm had a completed items stock of 55,000 items on January 1. Its projected gross sales for the subsequent 4 months had been: January - 200,000 items; February - 180,000 items; March - 210,000 items; and April - 230,000 items. The Martin Firm needs to keep up a desired ending completed items stock of 20% of the next months gross sales.What could be the budgeted stock for March 31st? 46,000 36,000 Can't be decided from the information given 42,0002 factors Query 61. OneSystem treasurer has gathered the next finances data for the primary two months of the approaching 12 months: March AprilSales. $450,000 $520,000Manufacturing prices 290,000 350,000Promoting and administrative bills 41,400 46,400Capital additions 250,000 --- 2. One System expects to promote about 35% of its merchandise for money. Of gross sales on account, 80% are anticipated to be collected in full within the month of the sale and the rest within the month following the sale. One-fourth of the manufacturing prices are anticipated to be paid within the month through which they're incurred and the different three-fourths within the following month. Depreciation, insurance coverage, and property taxes signify $6,400 of the possible month-to-month promoting and administrative bills. Insurance coverage is paid in February and a $40,000 installment on earnings taxes is anticipated to be paid in April. Of the rest of the promoting and administrative bills, one-half are anticipated to be paid within the month through which they're incurred and the steadiness within the following month. Capital additions of $250,000 are anticipated to be paid in March.Present belongings as of March 1 are composed of money of $45,000 and accounts receivable of $51,000. Present liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for supplies purchases and $19,500 for working bills). Administration wishes to keep up a minimal money steadiness of $20,000.Put together a month-to-month money finances for March and April.Press Tab to enter the content material editor. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Path: pWords:020 factors Query 71. SOM Firm was organized on August 1 of the present 12 months. Projected gross sales for the subsequent three months are as follows:August $100,000September 185,000October 225,000 2. SOM expects to promote 40% of its merchandise for money. Of the gross sales on account, one third are anticipated to be collected within the month of the sale and the rest within the following month.Put together a schedule indicating money collections of accounts receivable for August, September, and October.Press Tab to enter the content material editor. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Path: pWords:020 factors Query 81. The customary prices and precise prices for direct supplies for the manufacture of 2,500 precise items of product are as follows:Customary CostsDirect supplies 2,500 kilograms @ $eight Precise CostsDirect supplies 2,600 kilograms @ $eight.75 2. The quantity of the direct supplies amount variance is: $875 favorable $800 unfavorable $800 favorable $875 unfavorable2 factors Query 91. The following information relate to direct supplies prices for November:Precise prices four,600 kilos at $5.50Customary prices four,500 kilos at $6.00 2. three. What's the direct supplies value variance? $2,250 favorable $2,250 unfavorable $2,300 favorable $1,700 unfavorable2 factors Query 101. The following information relate to direct labor prices for the present interval:Customary prices 7,500 hours at $11.60Precise prices 6,000 hours at $12.00 2. What's the direct labor time variance? $three,000 favorable $15,000 unfavorable $2,400 favorable $17,400 favorable2 factors Query 111. The following information relate to direct labor prices for the present interval:Customary prices 6,000 hours at $12.00Precise prices 7,500 hours at $11.60 2. What's the direct labor fee variance? $15,000 unfavorable $three,000 favorable $17,400 unfavorable $2,400 favorable2 factors Query 121. The customary prices and precise prices for manufacturing facility overhead for the manufacture of 2,500 items of precise manufacturing are as follows:Customary CostsFixed overhead (primarily based on 10,000 hours) three hours @ $.80 per hourVariable overhead three hours @ $2 per hour Precise Prices Whole variable price, $18,000 Whole fastened price, $eight,000 2. three. The quantity of the manufacturing facility overhead quantity variance is: $2,000 favorable $2,000 unfavorable $2,500 unfavorable $02 factors Query 131. Emerald Firm produces a chair that requires 5 yds. of fabric per unit. The customary value of 1 yard of fabric is $7.50. Through the month, eight,500 chairs had been manufactured, utilizing 43,700 yards at a value of $7.60. Decide the (a) value variance, (b) amount variance, and (c) price variance.Press Tab to enter the content material editor. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Path: pWords:020 factors Query 141. Advantage Manufacturing Ending Dept. ready the next manufacturing facility overhead price finances for October of the present 12 months, throughout which it anticipated to function at a 100% capability of 10,000 machine hours:Variable price: Oblique manufacturing facility wages $18,000 Energy and lightweight 12,000 Oblique supplies four,000 Whole variable price $34,000Fastened price: Supervisory salaries $12,000 Depreciation of plant and gear eight,800 Insurance coverage and property taxes three,200 Whole fastened price 24,000Whole manufacturing facility overhead $58,000 2. Throughout October, the plant was operated for 9,000 machine hours and the manufacturing facility overhead prices incurred had been as follows: oblique manufacturing facility wages, $16,400; energy and lightweight, $10,000; oblique supplies, $three,000; supervisory salaries, $12,000; depreciation of plant and gear, $eight,800; insurance coverage and property taxes, $three,200.Put together a manufacturing facility overhead price variance report for October. (The budgeted quantities for precise quantity produced must be primarily based on 9,000 machine hours.)Press Tab to enter the content material editor. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Path: pWords:020 factors Save and SubmitClick Save and Submit to save lots of and submit. Click on Save All Solutions to save lots of all solutions.