Pathways Careers, Inc. has two products-Resume Reader and Cover Letter Cure. Financial data for both the products follow: Units sold Sales price per unit Variable manufacturing cost per unit Sales commission (% of sales) Resume Cover Letter Reader Cure 2,600 units 1,300 units $600 -320 6% $1,000 650 4% Pathways has two sales representatives-Curtis Muller and Willow Brown. Each sales representative sold a total of 1,950 units during the month of March. Curtis had a sales mix of 60% Resume Reader and 40% Cover Letter Cure. Willow had a sales mix of 80% Resume Reader and 20% Cover Letter Cure. Based on the above information, calculate Willow's total contribution to company profits. OA. $380,640 OB. $120,900 OC. $501,540 OD. $573,300
Q: Sherrod, Incorporated, reported pretax accounting income of $92 million for 2024. The following…
A: Tax liability:Tax liability refers to the amount of tax calculated on taxable income that is due to…
Q: Foam Products, Incorporated, makes foam seat cushions for the automotive and aerospace industries.…
A: ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…
Q: Ruby Company, Inc. has the following budgeted sales for the next quarter: Month: Units April 9,300…
A: Budgeting is the process of creating a financial plan that outlines expected income and expenses,…
Q: AirQual Test Corporation provides on-site air quality testing services. The company has provided the…
A: Variances is the amount of difference between the actual values and the values estimated by the…
Q: Radar Company sells bikes for $510 each. The company currently sells 4,450 bikes per year and could…
A: SPECIAL ORDER ANALYSISUntill There is any Information is Provided, There Shall be no additional…
Q: Case D Tompkins Company reports the following Inventory record for November. Date November 1…
A: FIFO method is one of the methods of inventory valuation in which it is assumed that old purchases…
Q: n Supernatural, Inc., an electing S corporation, holds $5,000 of AEP and $9,000 in AAA at the…
A: Dividend Income is the amount of distribution of profits by a company provided to the shareholders.…
Q: Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $2,400.…
A: Overstated ending inventory decreases the value of the cost of goods sold and ultimately the gross…
Q: The following information is available to reconcile Branch Company's book balance of cash with its…
A: Bank reconciliation is a process used by businesses and individuals to ensure that the company's…
Q: Jan. 15 Issued 64,000 shares of $5 par value common stock at $17 cash per share. Jan. 20 Issued…
A: Accounting equationAs per the double-entry system, the transactions of business will affect two or…
Q: Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made…
A: Cost variances refer to differences between actual costs and standard or budgeted costs, helping…
Q: Required: Prepare an acquisition-date consolidation worksheet Note: For accounts where multiple…
A: The consolation is the accounting process in which the financial results of the parent company and…
Q: Corpus Christi Bicycle Company manufactures commuter bicycles from recycled materials. Corpus…
A: The objective of the question is to calculate the direct labor rate variance, direct labor time…
Q: Alvarado Company produced 3,100 units that require nine standard pounds per unit at a $11.50…
A: Standard direct materialThe amount of material estimated to be used in the production for a…
Q: Problem 2: Monetary Theory [13 Points] Suppose that an economy begins in long-run equilibrium.…
A: The objective of these questions is to understand the impact of changes in aggregate demand and…
Q: Required information Jobe Concrete Products placed a new sand sifter into production 3 years ago. It…
A: Book value, also known as" net book value" or" carrying value," is a fiscal standard that…
Q: On January 1, year 1, Dave received 1,000 shares of restricted stock from his employer, RRK…
A: Answer:- Employees who get restricted stock as part of their executive salary are given…
Q: The balance sheet for Larry Underwood Motors shows a book value of stockholders’ equity (book value…
A: The price-to-earnings ratio is an important tool to assess whether a company's share is overvalued…
Q: Explain how accounting influence your personal decision making?
A: Accounting can have a significant influence on personal decision making in several ways. Here are…
Q: Clark Industries has a defined benefit pension plan that specifies annual, year-end retirement…
A: Solution:-To complete the calculations for Stanley Mills’ pension plan, we’ll continue from where…
Q: Bramble Corp. produces a product that requires 2.60 pounds of materials per unit. The allowance for…
A: STANDARD COSTINGUnder standard costing the cost will be estimated at the beginning based on past…
Q: On January 1, year 1, Dave received 1,000 shares of restricted stock from his employer, RRK…
A: Employees who get restricted stock as part of their executive salary are given non-transferable…
Q: The audited financial statements for New Life Manufacturing for year-end December 31, 2022, show an…
A: A corporation tax is a levy that the government applies to a business's profits. A nation's source…
Q: 5. What would be the net book value of the van at the end of Year 2? (Amounts to be deducted should…
A: Cost of acquisition = Cost of delivery van + Sales tax + Cost of logo…
Q: Painted Desert has acquired several companies. Assume that Painted Desert purchased Oak Tree…
A: Investor ensures confidence on a company's financial statements and corporate governance processes…
Q: On January 1, year 1, Dave received 1,000 shares of restricted stock from his employer, RRK…
A: Income tax due refers to the amount of tax that an individual or business owes to the government…
Q: A company has budgeted variable costs of $1,500,000 and actual variable costs are $1,425,000. This…
A: Answer:- Formula:- Variance = Budgeted variable costs - Actual variable costs
Q: Cool Sky reports the following for its first year of operations. The company produced 40,000 units…
A: Absorption costing:Under absorption costing, the fixed overhead cost is allocated to each product…
Q: Denjar
A: The objective of the question is to calculate the markup percentage for Cullumber Corporation's…
Q: Blossom Company has a factory machine with a book value of $85,000 and a remaining useful life of 5…
A: The differential analysis is performed to compare the different alternatives available with the…
Q: On January 1, 2024, Windsor Company purchased 8,896 shares of Sheridan Company's common stock for…
A: Consolidation is an activity in which financial statements of a parent and its subsidiary should be…
Q: The following data relate to the direct materials cost for the production of automobile tires:…
A: The objective of the question is to calculate the direct materials price variance, direct materials…
Q: Shannon Company segments its income statement into North and South Divisions. The company's overall…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: The Assembly Department produced 5,000 units of product during March. Each unit required 2.20…
A: Standard costing :Standard cost is defined in the CIMA Official Terminology as "the planned unit…
Q: Miley, a single taxpayer, plans on reporting $36,425 of taxable income this year (all of her income…
A: Tax liability refers to the obligation of a taxpayer towards the government. This obligation…
Q: Eudora, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash budget…
A: The cash budget depicts the sources of cash inflow and the outflow. Non-cash transactions are not…
Q: Required: (1) Prepare job order cost sheets to post beginning inventory data. (2) Journalize the…
A: Cost accounting system:The cost accounting system refers to the method that will be used by the…
Q: The manager of the main laboratory facility at UrbanFit Center is interested in being able to…
A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…
Q: ! Required information 5 [The following information applies to the questions displayed below.] S…
A: DIRECT LABOUR BUDGETDirect Labour budget is the estimation of Budgeted labour cost incurred for the…
Q: self-employment tax: None How much of the partnership loss can Thomas deduct considering his basis,…
A: Partnership basis embodies a partner's financial stake in the partnership, incorporating initial…
Q: The balance sheet of Consolidated Paper, Incorporated, included the following shareholders' equity…
A: Shareholders' equity, also known as stockholders' equity or simply equity, represents the residual…
Q: P15-12 Lessee and lessor; lessee guaranteed residual value LO15-2, LO15-6 On January 1, 2024, Ghosh…
A: Journal entries form part of the financial statements. It includes identifying the business…
Q: 2019 March 1) Q.2. Prepare two columns Cash Book of Guru Dakshina Brothers. (Narrations not…
A: The objective of the question is to prepare a two-column cash book for Guru Dakshina Brothers based…
Q: A company just starting business had the following transactions in June: Purchase June 1 250 units @…
A: Inventory valuation is referred to as that method which helps in assigning a monetary value to the…
Q: Pincus Associates uses the allowance method to account for bad debts. 2024 was the first year of…
A: Bad debt recognized in 2024 will be $15,440. Explanation:1) Journal entry to record uncollectable…
Q: The controller of Ashton Company prepared the following projected income statement: Sales $97,000…
A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…
Q: Setup At January 1, 2022, Café Med leased restaurant equipment from Crescent Corporation under a…
A: A lease is defined as a contractual agreement incorporated between two business entities where one…
Q: Delta Company produces a single product. The cost of producing and selling a single unit of this…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: 1. Calculate the plant-wide overhead rate using the following information: Estimated Total…
A: Overhead rate, also known as the overhead immersion rate or burden rate, is a measure used in cost…
Q: Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary…
A: Budgeting is defined as the process of preparing a financial plan for a specific period. Budgeting…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Corazon Manufacturing Company has a purchasing department staffed by five purchasing agents. Each agent is paid 28,000 per year and is able to process 4,000 purchase orders. Last year, 17,800 purchase orders were processed by the five agents. Required: 1. Calculate the activity rate per purchase order. 2. Calculate, in terms of purchase orders, the: a. total activity availability b. unused capacity 3. Calculate the dollar cost of: a. total activity availability b. unused capacity 4. Express total activity availability in terms of activity capacity used and unused capacity. 5. What if one of the purchasing agents agreed to work half time for 14,000? How many purchase orders could be processed by four and a half purchasing agents? What would unused capacity be in purchase orders?K Clan Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: Click the icon to view the price and cost data.) Clan Furniture has three sales representatives: Alfred, Bob, and Cait. Alfred sold 60 tables with 8 chairs each. Bob sold 70 tables with 6 chairs each. Cait sold 100 tables with 4 chairs each. Read the requirements. Sales representative: Alfred Bob Cait Net sales revenue $ 66,000 $ 70,000 $ 90,000 47,700 Variable costs Contribution margin 52,150 69,500 $ 18,300 $ 17,850 $ 20,500 Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredth percent-X.XX%.) Contribution margin ÷ Net sales revenue = Contribution margin ratio Alfred $ 18,300 " ÷ 66,000 = 27.73 % Bob $ 17,850 ÷ $ 70,000 = 25.50 % 20,500 + $ 90,000 = 22.78 % Cait $ Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why. is the sales representative with the…Lucky Clothing creates and sells t-shirts that can be customized. The cost of sales order processing and shipping is calculated using activity-based costing at Lucky Clothing. The sales order processing activity has a $9 per sales order activity rate, and the shipping activity has a $18 per shipment activity rate. Lucky Clothing sold a total of 25,300 personalized t-shirts, including 4,000 orders and 1,300 shipping. Calculate (A) the total activity cost and (B) the per-unit sales order processing and shipping activity cost for customizable t-shirts. Illustrate a computational solution. State your processes in a clear and logical fashion. (please help me :( I badly need your help.
- Lucky Clothing creates and sells t-shirts that can be customized. The cost of sales order processing and shipping is calculated using activity-based costing at Lucky Clothing. The sales order processing activity has a $9 per sales order activity rate, and the shipping activity has a $18 per shipment activity rate. Lucky Clothing sold a total of 25,300 personalized t-shirts, including 4,000 orders and 1,300 shipping. The total activity cost is calculated through: Sales order activity costs = Number of orders * sales order activity rate = 4000*9 = $36,000Shipping Activity costs = Number of shipping * Shipping Activity rate= 1300*18 = $23400Total activity costs = Sales order activity costs + Shipping Activity costsWhile the per-unit sales order processing and shipping activity cost for customizable t-shirts is solved as follows:Per unit sales order processing costs = Sales order processing costs/ Number of t shirts = $36000 + $23400 = $59400 Per unit sales order processing costs = Sales…E-Flix rents DVDS that are mailed out to customers upon demand. E-Flix has identified three activities involved in getting the videos to its customers. Information on those activities for the month of July follows: Estimated Overhead Expected Use of Cost Pools Cost Drivers Cost Cost Drivers $20,592 187,200 orders Order taking costs Number of orders 11,700 234,000 minutes Technology support Number of minutes Picking and shipping Number of 330,200 DVDs 39,624 DVDS costs During July, the Tucker family placed 17 orders consisting of 21 DVDS. Tucker required 7 minutes of tech support. Customers pay $9.00 per month to rent unlimited DVDS. Using ABC, how much overhead is applied to the Tucker family account for technology support? O $0.05 O$1.87 O$0.35 Some other answer 2:33 P ) 10/13/20 EtBoston Home Center (BHC) offers customers the use of a truck at $64 per trip to take purchased merchandise home. BHC reports the following information about the trucks it has for customer usage: Cost Driver Rate Cost Driver Volume Resources used Operation $ 0.55 per mile 46,200 miles Administration 25.00 per trip 1,874 trips Resources supplied Operation $ 35,400 Administration $ 62,400 Sales revenue totaled $80,000. Required: Prepare a traditional income statement. Prepare an activity-based income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional income statement. Traditional Income Statement Sales revenue Operation costs Administration costs Operating profit Activity-Based Income Statement Resources Used Unused Resource Capacity…
- Jungle Junior Company manufactures and sells outdoor play equipment. Jungle Junior usesactivity-based costing to determine the cost of the sales order processing and the customerreturn activity. The sales order processing activity has an activity rate of $20 per sales order, andthe customer return activity has an activity rate of $100 per return. Jungle Junior sold 2,500swing sets, which consisted of 750 orders and 80 returns. Determine (a) the total and (b) theper-unit sales order processing and customer return activity cost for swing sets.Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Drivers for the four activities are as follows: Vaquero Vaquera Cutting hours 2,090 5,400 Assembly hours 2,850 4,650 Inspection hours 920 2,430 Rework hours 150 450 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. 2. Is there evidence of product diversity? Explain.Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Drivers for the four activities are as follows: Vaquero Vaquera Cutting hours 2,120 5,400 Assembly hours 2,850 4,650 Inspection hours 980 2,430 Rework hours 150 450 Required: 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. Activity Driver Vaquero Vaquera Cutting hours Assembly hours Inspection hours Rework hours
- LoDo Designs sells smart phone cases that are custom designed by local artists. Its beginning Inventory of cases was 162 units at $35 per unit. During the year, Cortez made two batch purchases of these cases. The first was a 206-unit purchase at $38 per unit, the second was a 280-unit purchase at $41 per unit. During the period, it sold 522 cases. Required: Determine the amount of product costs that would be allocated to cost of goods sold and ending Inventory, assuming that LoDo Designs uses a. FIFO, b. LIFO. Cost of goods sold Ending inventory S S FIFO 24,978 19.812 LIFOSmoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below: Xtreme Pathfinder Selling price per unit $ 116.00 $ 80.00 Direct materials per unit $ 64.00 $ 52.00 Direct labor per unit $ 12.00 $ 8.00 Direct labor-hours per unit 1.5 DLHs 1.0 DLHs Estimated annual production and sales 29,000 units 76,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead $ 1,912,000 Estimated total direct labor-hours 119,500 DLHs Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based costing…BiskBisk Tiles is a small distributor of marble tiles. BiskBisk identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2019 Activity Cost Driver Quantity of Cost Driver Cost per Unit of Cost Driver 1. Placing and paying for orders of marble tiles Number of orders 900 $80 per order 2. Receiving and storage Loads moved 4,100 $50 per load 3. Shipping of marble tiles to retailers Number of shipments 2,500 $40 per shipment For 20192019, BiskBisk buys 230 comma 000230,000 marble tiles at an average cost of $ 2$2 per tile and sells them to retailers at an average price of $ 7$7 per tile. Assume BiskBisk has no fixed costs and no inventories. 1. Calculate BiskBisk's operating income for 20192019. 2. For 20202020, retailers are demanding a 55% discount off the 20192019 price. BiskBisk's suppliers are only willing to…