Home Solutions Cost Accounting
We write, we don’t plagiarise! Every answer is different no matter how many orders we get for the same assignment. Your answer will be 100% plagiarism-free, custom written, unique and different from every other student.
I agree to receive phone calls from you at night in case of emergency
Please share your assignment brief and supporting material (if any) via email here at: [email protected] after completing this order process.
The primary theme of the paper is Cost Accounting in which you are required to emphasize its aspects in detail. The cost of the paper starts from $169 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.
Chesapeake Co. manufactures fine dining tables. During the most productive month of the year, 3,500 tables were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 tables at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs in August for Chesapeake are:
Question 1 options:
Question 2 (5 points)
What is the break-even sales (units) for Morgana Video Edits LLC if fixed costs are $250,000, the unit selling price is $105, and the unit variable costs are $65,
Question 2 options:
Question 3 (5 points)
What is the amount of sales required by Morgana Video Edits LLC to realize an operating income of $200,000 if fixed costs are $1,400,000, the unit selling price is $220, and the unit variable costs are $120,
Question 3 options:
Question 4 (5 points)
What is the break-even sales (units) required by Morgana Video Edits LLC if fixed costs are reduced by $40,000 if fixed costs are $300,000, the unit selling price is $25, and the unit variable costs are $20,
Question 4 options:
Question 5 (5 points)
If Morgana Video Edits LLC’s sales are $425,000, variable costs are 63% of sales, and operating income is $50,000, what is Morgana’s contribution margin ratio?
Question 5 options:
Question 6 (5 points)
What is the amount of working capital for Elise Catering Services Based on the following data,?
Question 6 options:
Question 7 (5 points)
What is the quick ratio for Elise Catering Services, rounded to one decimal point based on the following data
Question 7 options:
Question 8 (5 points)
What is the accounts receivable turnover for Elise Catering Services based on the following data for the current year?
Question 8 options:
Question 9 (5 points)
. Brielle Financial Services reports on its balance sheets at the end of each of the first two years of operations the following:
If net income is $115,000 and interest expense is $30,000 for 2006, what are the earnings per share on common stock for 2006, (round to two decimal places)?
Question 9 options:
Question 10 (5 points)
Brielle Financial Services reports the following:
Which of the following statements is correct?
Question 10 options:
Question 11 (5 points)
Trang Dry Cleaners reports net income on the income statement for the current year in the amount of $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:
What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method by Trang Cleaners’ accountants?
Question 11 options:
Question 12 (5 points)
Trang Dry Cleaners owns a building with a book value of $ 45,000 is sold for $50,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows:
Question 12 options:
Question 13 (5 points)
Trang Dry Cleaners sold Equipment with an original cost of $50,000 and accumulated depreciation of $20,000 at a loss of $7,000. As a result of this transaction, Trang’scash would
Question 13 options:
Question 14 (5 points)
Vatsala Bakery Group reports the following: The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments by Vatsala for merchandise total
Question 14 options:
Question 15 (5 points)
Vatsala Bakery Group reports the following information: Sales for the year were $600,000. Accounts receivable were $100,000 and $80,000 at the beginning and end of the year. Cash received from customers to be reported on the cash flow statement using the direct method is
Question 15 options:
Question 16 (5 points
Venkat Manufacturing forecasts that total overhead cost for the current year will be $12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours. If Venkat Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
Question 16 options:
Question 17 (5 points)
VenkatManufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours. If Venkat Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date) the overhead is over/under applied by?
Question 17 options:
Question 18 (5 points)
Norman Geological Services is to receive $30,000 in two years, at 12% compounded annually, What is the PV of this money (rounded to nearest dollar)
Question 18 options:
Question 19 (5 points)
What is the inventory turnover cost for Brielle Financial Service based on the following data for the current year?
Question 19 options:
Question 20 (5 points)
20 Venkat Manufacturing during the period incurs labor costs on account amounted to $225,000 including $195,000 for production orders and $30,000 for general factory use. In addition, factory overhead applied to production was $17,000. From the following, select the entry Venkat’s accountants will use to record the actual factory overhead costs incurred.
Question 20 options:
Factory Overhead 30,000
Accounts Payable 17000
Wages Payable 30,000
Check Out Our Original Reviews