HELP how do i speedrun like dream

Answers

Answer 1

Answer:

I-

Explanation:

I'm very sorry I have no idea


Related Questions

Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $8.6 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. The land would net $11.4 million if it were sold today. The company now wants to build its new manufacturing plant on this land; the plant will cost $22.6 million to build, and the site requires $1,010,000 worth of grading before it is suitable for construction.
Required:
What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)

Answers

Answer:

$35,010,000

Explanation:

Calculation for the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project

Cash flow = $11.4 million + $22.6 million + $1,010,000

Cash flow = $35,010,000

Therefore the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project is $35,010,000

Quantity of Flower A Total Utility Marginal Utility Quantity of Flower B Total Utility Marginal Utility 1 16 16 1 30 30 2 30 14 2 46 16 3 42 12 3 61 15 4 52 10 4 75 14 5 60 8 5 88 13 6 66 6 6 100 12 7 70 4 7 111 11 Your mother needs help deciding how many of two kinds of flowers to purchase for a bouquet she is making. She wants to purchase two kinds of flowers: Flower A and Flower B. If the price of Flower A is $2 and the price of Flower B is $3, how many of Flower A should your mother purchase for her bouquet to maximize her utility if she can spend at most $17 on flowers

Answers

Answer:

she should buy 4 As and 3 Bs

Explanation:

utility per dollar

                     flower A                 flower B       total money spent

1 flower            8                            10                      $5

2 flowers        7.5                          7.67                  $10

3 flowers         7                            6.78                  $15

4 flowers        6.5                                                   $17

total                29                          24.45                $17

Suppose the Eastwestern University theater department has received $250,000 from the school's endowment fund to put toward scholarships to improve the department and assist theater students entering the program.
Professor Bucktell proposes that they should hold auditions and give $60,000 scholarships to the five most talented applicants in hopes of bringing the best and most promising talent to the school
Professor Rammer thinks that they should divide the money up into $10,000 scholarships to be given to the 25 applicants to the program with the most financial need, regardless of talent.
Professor Buckteil's proposal is an example of economic_________
Professor Rammer's proposal is an example of economic ________

Answers

Answer: Professor Buckteil's proposal is an example of (Economic efficiency).

Professor Rammer's proposal is an example of (Economic equality)

Explanation:

Professor Bucktell's proposal is economic efficiency. This means when the available resources in the economy are shared using the efficient mean possible and the best possible operation that's available.

Professor Rammer's proposal is economic equality. This refers to when everyone is given a fair and equal chance. There's a level playing field for everyone. This can be seen when he said that the money of up to $10,000 scholarships should be given to the 25 applicants to the program with the most financial need, regardless of talent.

An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August 31

Cash balance according to company’s records $11,100
Add: Outstanding checks $3,585
Error by Chesner Co. in recording Check No. 1056 as $950 instead of $590 360
Note for $12,000 collected by bank, including interest 12,480 16,425
$27,525
Deduct: Deposit in transit on August 31 $7,200 Bank service charges 25 7,225
Cash balance according to bank statement $20,300

Required:
a. From the data prepared by the accounting clerk, prepare a new bank reconciliation for Chesner Co.,
b. If a balance sheet were prepared for Chesner Co. on July 31, 2016, what amount should be reported for cash?

Answers

Answer:

See below

Explanation:

Chesner Co.

Bank reconciliation statement

a.

Cash balance according to bank statement

$20,300

Add:

Deposit in transit on July 31

$7,200

Deduct:

Outstanding checks

($3,585)

Balance

$3,615

Adjusted balance

$23,915

Cash balance according to company's record

$11,100

Add:

Error in recording check no

1056 as $950 instead of $590

$360

Note for $12,000 collected by bank including interest

$12,480

Deduct:

Bank service charge

($25)

Balance

$12,815

Adjusted balance

$23,915

b. The amount that should be reported as cash if a balance sheet were prepared for Chesner Co. on July 31, 2016 is $23,915

An order has been received from an overseas customer for 3700 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $2.90 less per unit on this order than on normal sales. Direct labor is a variable cost in this company. Suppose there is not enough idle capacity to produce all of the units for the overseas customer and accepting the special order would require cutting back on production of 1550 units for regular customers. The minimum acceptable price per unit for the special order is closest to:

Answers

Answer: $88.62

Explanation:

First find the costs associated with the order.

= Direct material + Direct labor + Variable manufacturing overhead + Variable selling expense + Contribution margin lost from cutting back production for regular customers

Contriution margin lost from cutting production = Selling price - Direct material - Direct labor - Variable manufacturing overhead - Variable selling expense

= 120.10 - 51.10 - 9.80 - 5.20

= $54

= (3,700 * 51.10) + (3,700 * 9.80) + (3,700 * 2.80) + ((5.20 - 2.90) * 3,700) + ( 54 * 1,550)

= $‭327,900‬

Price per unit = ‭327,900‬ / 3,700

= $88.62

alton Corporation is currently selling 104 units of its product. The company is deciding the price that it should charge for a bulk order of 40 units. The variable cost per unit is $200. This order will not involve any additional fixed costs and the company's current sales will not be affected. The company targets a profit of $4,000 on the bulk order. What selling price per unit should the company quote for the bulk order

Answers

Answer:

the selling price per unit is $300

Explanation:

The computation of the selling price per unit is shown below;

= Variable cost + profit needed per unit

= $200 + ($4,000 ÷ $40 units)

= $200 + $100

= $300

hence, the selling price per unit is $300

Suppose the residents of Vegopia spend all their income on cauliflower, broccoli, and carrots. In 2016, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 2017, they buy 75 heads of cauliflower for $225, 80 bunches of broccoli for $120, and 500 carrots for $100. What will be the price of one unit of each vegetable (unit price given in the sequence cauliflower, broccoli and carrots) in 2016

Answers

the answer was that you could come grab a bite to eat and eat you have some fun you can go out to the beach with your family or if your family

Communicating Negative News EffectivelyAt some point, everyone will have to deliver bad news. The bad feelings associated with this type of message can be alleviated if the receiver knows the reason for the bad news, feels the news is revealed sensitively, thinks the matter is treated seriously, and believes that the decision is fair. When applying these strategies, make sure to follow the writing process and determine whether to use a direct or an indirect pattern in your message. Read the following scenario:Your company started using shipping company two months ago. During your short relationship with a new the company, you notice that it regularly inflates its shipping rates, fails to meet scheduled deliveries, and loses packages. You decide to write a letter to them ending the business relationship. 1. What are your goals when responding to the previous scenario? A. To encourage follow-up correspondence from the receiver. B. To ensure that the company knows you are angry.C. To convey fairness.D. To avoid creating legal liability for your company.E. To make the receiver understand the bad news.2. Staying calm and using polite language while offering a clear explanation of why the negative message was necessary helps the sender to:___.A. Limit legal liability.B. Be firm in their decision.C. Project a professional image.D. Avoid apologizing.

Answers

Answer:

Communicating Negative News Effectively

1. The goals when responding to the previous scenario is:

E. To make the receiver understand the bad news.

2. Staying calm and using polite language while offering a clear explanation of why the negative message was necessary helps the sender to:___

D. Avoid apologizing.

Explanation:

To effectively communicate negative news to a recipient, the sender needs to clarify her goal.  The goal is the purpose that she wants to achieve through the communication.  There are many goals one can pursue when delivering negative news.  They include avoiding further clarification, legal liability, or erroneous admission of guilt, maintaining relationships, reducing tensions, and achieving the intended outcome.

XYZ Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 1,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. An additional 65,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 10,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs.

Required:
What were the equivalent units for conversion costs in the Assembly Department for the month?

Answers

Answer: 61,200 units

Explanation:

Using the FIFO method:

= Equivalent units for beginning WIP + Units started and finished + EUP Ending WIP

Units started and finished = 65,000 additional units - 10,000 closing WIP

= 55,000 units

80% of the beginning WIP had been completed in the previous month so only 20% remains.

EUP Conversion = (1,000 * 20%) + 55,000 + (10,000 * 60%)

= 61,200 units

Everything Looks Like a Nail, Inc is a manufacturing company that produces hammers. The company faces a number of fixed and variable costs in the short run. Determine which of the costs below are examples of fixed costs or examples of variable costs by placing them in the correct category. Assume the company cannot easily adjust the amount of capital it uses.Fixed Costs Variable Costsa. interest rate on current debtb. regulatory compliance costsc. annual salaries of top managementd. cost of metal used in manufacturinge. cost of wood used in manufacturingf. postage and packaging costsg. lease on buildingh. industrial equipment costs

Answers

Answer:

Fixed costs do not depend on the level of output. They are therefore paid regardless of production.

Variable costs are only incurred as production goes on.

Fixed cost

a. Interest rate on current debt

b. Regulatory compliance costs

c. Annual salaries of top management

g. Lease on building

h. Industrial equipment costs

Variable Costs

d. Cost of metal used in manufacturing

e. Cost of wood used in manufacturing

f. Postage and packaging costs

On January 1, 2019, Tonika Company issued a six-year, $10,000, 6% bond. The interest is payable annually each December 31. The issue price was $9,523 based on an 7% effective interest rate. Tonika uses the effective-interest amortization method. The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to:

Answers

Answer:

$9,590

Explanation:

Calculation to determine what The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to:

First step is to calculate the Interest paid

Interest paid = 10000*6%

Interest paid= 600

Second step is to calculate the Interest expense

Interest expense = 9,523*7%

Interest expense= 667

Third step is to calculate the Discount amortization

Discount amortization =667-600

Discount amortization = 67

Now let calculate Book value at the end of December 31,2020

Book value at the end of December 31,2020 = 9,523 +67

Book value at the end of December 31,2020 = $9,590

Therefore The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to:$9,590

Ivanhoe Company reports the following operating results for the month of August: sales $392,000 (units 4,900), variable costs $247,000, and fixed costs $96,000. Management is considering the following independent courses of action to increase net income.

1. Increase selling price by 10% with no change in total variable costs or units sold.
2. Reduce variable costs to 57% of sales.
3. Reduce fixed costs by $22,000.

Which course of action wiIl produce the highest net?

Answers

Answer:

The best course of action is to increase the selling price by 10%.

Explanation:

Giving the following information:

sales $392,000 (units 4,900)

variable costs (247,000)

fixed costs (96,000)

Current net income= 49,000

First, we need to calculate the unitary selling price and variable cost:

Selling price= 392,000 / 4,900= $80

Unitary variable cost= 247,000 / 4,900= $50.41

Now, we will calculate the impact on net income of each variation:

Increasing selling price by 10%:

Selling price= 80*1.1= $88

Effect on income= 8*4,900= $39,200 increase

Reduce variable costs to 57% of sales.

Unitary variable cost= 80*0.57= $45.6

Effect on income= (50.41 - 45.6)*4,900= $23,569 increase

Reduce fixed costs by $22,000.

Effect on income= $22,000 increase

The Utah Mining Corporation is set to open a gold mine near Provo, Utah. According to the treasurer, Monty Goldstein, "This is a golden opportunity." The mine will cost $3,400,000 to open and will have an economic life of 11 years. It will generate a cash inflow of $575,000 at the end of the first year, and the cash inflows are projected to grow at 8 percent per year for the next 10 years. After 11 years, the mine will be abandoned. Abandonment costs will be $123,000 at the end of year 11.
Required:
What is the IRR for the gold mine? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))
IRR
%

Answers

Answer:

19.07%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-3,400,000

Cash flow in year 1 = $575,000  

Cash flow in year 2 = $575,000 x 1.08  

Cash flow in year 3 =  $575,000 x 1.08^2

Cash flow in year 4 =  $575,000 x 1.08^3

Cash flow in year 5 =  $575,000 x 1.08^4

Cash flow in year 6 =  $575,000 x 1.08^5

Cash flow in year 7 =  $575,000 x 1.08^6

Cash flow in year 8 =  $575,000 x 1.08^7

Cash flow in year 9 =  $575,000 x 1.08^8

Cash flow in year 10 =  $575,000 x 1.08^9

Cash flow in year 11 =  ($575,000 x 1.08^10) - $123,000

IRR = 19.07%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $186,000. During the year, Zack invested an additional $9,300 and withdrew $65,100. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $89,800.
Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values.

Answers

Answer:

Zack Gaddis

Statement of owner's equity for the year ended December 31, 20Y3

                                               Capital        Retained Earnings         Total

Beginning of the Year :

Opening Balance                 $186,000                     -                     $186,000

During the year :

Additional Capital                    $9,300                     -                        $9,300

Drawings                               ($65,100)                     -                     ($65,100)

Net Income                                 -                       $89,800              $89,800

At the end of the year           $130,200             $89,800             $220,000

Explanation:

The statement of owner's equity for the year ended December 31, 20Y3 is prepared as above.

The four primary areas of U.S. legislation dealing with human resource management concern labor relations, compensation and benefits, health and safety, and equal employment opportunity.

a. True
b. False

Answers

Answer: True

Explanation:

The statement that the four primary areas of the U.S. legislation deals with the human resource management concern labor relations, the compensation and benefits, the health and safety, and also equal employment opportunity" is true.

Employees should be managed properly and given the necessary conditions for them to thrive and succeed. The health and safety of workers is vital and should be adequately taken care of. Also, their benefits and compensation should be regularly reviewed and looked into in order to motivate workers and maximize productivity.

In Question 7, suppose the maintenance supervisor has complained that trainees are having difficulty trouble shooting problems with the new electronics system. They are spending a great deal of time on problems with the system and coming to the supervisor with frequent questions that show a lack of understanding. The supervisor is convinced that the employees are motivated to learn the system, and they are well qualified. What do you think might be the problems with the current training program

Answers

Answer:

Since the employees are unable to understand the process properly, and they are well qualified, the problem is that the information and techniques used during the training program are not sufficient. Maybe the trainees are given unclear messages or the information is incomplete. The training program must be revised and technical issues should be explained better or in a different way.

define credit crunch.​

Answers

Answer:

"a sudden sharp reduction in the availability of money or credit from banks and other lenders."

Answer: a sudden sharp reduction in availability of money or credit from Banks and other lenders

Explanation:

On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected salvage value of $40,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $160,000. On this date, Arcola examines the equipment for impairment and estimates $185,000 in undiscounted expected cash inflows from this equipment.

Required:
a. Compute the annual depreciation expense relating to this equipment.
b. Compute the equipment's net book value at the end of the fourth year.
c. Apply the test of impairment to this equipment as of the end of the fourth year. Is the equipment impaired?

Answers

Answer:

a. $29,000

b. $214,000

c. Yes

Explanation:

a. Annual Depreciation expense:

= (Cost - salvage value)/ Useful life

= (330,000 - 40,000) / 10,000

= $29,000

b. Net book value at end of 4th year:

= Cost - 4 year depreciation

= 330,000 - (4 * 29,000)

= $214,000

c. One test to see if equipment is not impaired is that the Expected Undiscounted cashflows need to be higher than the net book value. This is not the case here as the Net Book value of $214,000 is higher than the expected Undiscounted cash inflows of $185,000. Equipment is therefore impaired.

labor force
200 million
Adults in the military
1 million
Population below 16
50 million
Employed adults
180 million
Institutionalized adults
3 million
Not in labor force
40 million
1. What is the total population? 1 pt. (Show your work)
2. How many people are unemployed, and what is the unemployment rate? 2 pts.
3. What is the labor force participation rate? 1 pt.

Answers

Answer:

not entirely sure if that's how you are suppose to do it. but that's how I would've done it.

1.
What is CASS and what is its purpose?

Answers

The Coding Accuracy Support System. It’s purpose is to provide rules for firms to follow whenever the firm holds or controls client money or safe custody assets. CASS helps ensure the safety of client money and assets if a firm fails and leaves the market

The journal entry to record the transfer of partially completed work in process to the next process in process costing is a(n): Multiple choice question. increase in assets and an increase in liabilities decrease in assets and a decrease in liabilities decrease in one asset and an increase in another asset increase in assets and an increase in equity

Answers

Answer:

decrease in one asset and an increase in another asset increase.

Explanation:

Work-in-process inventories can be defined as a number of partially completed goods which are still in the process of being transformed into finish products that meets the needs of consumers.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

Hence, the journal entry to record the transfer of partially completed work in process to the next process in process costing is a decrease in one asset and an increase in another asset increase.

According to the Law of Demand, what will happen when the price of a good increases?

Answers

Answer:

According to the law of demand, as the price increase the quantity demand decreases, and conversely, as the prices decreases,the quantity demanded increases

The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances.
Accounts Payable $39,100
Accounts Receivable 66,500
Accumulated Depreciation 21,500
Cash 80,300
Common Stock 94,800
Equipment 90,700
Income Tax Expense 10,500
Notes Payable (long-term) 1,500
Office Expenses 6,300
Rent Expense 164,200
Retained Earnings 99,900
Salaries and Wages Expense 128,700
Sales Revenue 325,600
Supplies 35,200
Prepare the closing entry required at September 30, 2018.

Answers

Answer:

30-Sep-18

Dr Sales revenue 325,600

Cr Income tax expense 10,500

Cr Office expenses 6,300

Cr Rent expense 164,200

Cr Salaries and wages expense 128,700

Retained earnings $15,900

Explanation:

Preparation of the closing entry required at September 30, 2018

30-Sep-18

Dr Sales revenue 325,600

Cr Income tax expense 10,500

Cr Office expenses 6,300

Cr Rent expense 164,200

Cr Salaries and wages expense 128,700

Retained earnings $15,900

(325,600-10,500-6,300-164,200-128,700)

(To record closing entries)

Part U16 is used by Mcvean Corporation to make one of its products. A total of 16,500 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity: Per Unit Direct materials $ 3.60 Direct labor $ 8.20 Variable manufacturing overhead $ 8.70 Supervisor's salary $ 4.10 Depreciation of special equipment $ 2.50 Allocated general overhead $ 7.70 An outside supplier has offered to make the part and sell it to the company for $27.50 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. In addition, the space used to make part U16 could be used to make more of one of the company's other products, generating an additional segment margin of $28,500 per year for that product. The annual financial advantage (disadvantage) for the company as a result of buying part U16 from the outside supplier should be:

Answers

Answer:

Financial disadvantage = 45,750

Explanation:

First of all, we need to sort out the data given in this question.

Data Given:

Per Unit Direct materials = $ 3.60

Direct labor = $ 8.20

Variable manufacturing overhead  = $ 8.70

Supervisor's salary =  $ 4.10

Depreciation of special equipment =  $ 2.50

Allocated general overhead =  $ 7.70

Offer by outside supplier = $27.50

So,

Cost of making = [(3.60+8.20+8.70+2.50)*16,500]+28,500 (Opportunity cost)

Cost of Making = (23*16,500)+28,500

Cost of Making = 408,000

Cost of buying = 16,500*27.50

Cost of buying = 453,750

Financial disadvantage = Cost of making - Cost of buying

Financial disadvantage = 453,750 - 408,000

Hence,

Financial disadvantage = 45,750

what are the intermediaries of netflix​

Answers

The intermediaries of Netflix are Akami (AKAM).

Item13 Time Remaining 45 minutes 57 seconds00:45:57 Item 13 Time Remaining 45 minutes 57 seconds00:45:57 The world's largest manufacturer of peppermint candy canes was located in Albany, Georgia, until it could no longer afford to buy the sugar needed for its operation. It moved its manufacturing business to Mexico where there are no restrictions (like those that exist in the United States) on the amount of sugar that can be brought into the nation. The business moved to Mexico because of __________ established by the U.S. government.

Answers

Answer:

Quota

Explanation:

The world's largest manufacturer of peppermint candy canes moved its manufacturing business from Albany, Georgia to Mexico as there are no restrictions on the amount of sugar that can be brought into this nation (like those that exist in the United States.

The business moved to Mexico because of Quota established by the U.S. government.

Leaper Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total Activity Fabrication 35,000 machine-hours Order processing 250 orders Other Not applicable The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and salaries $ 380,000 Depreciation 150,000 Occupancy 170,000 Total $ 700,000 The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Fabrication Order Processing Other Total Wages and salaries 35% 30% 35% 100% Depreciation 15% 45% 40% 100% Occupancy 35% 30% 35% 100% The activity rate for the Order Processing activity cost pool is closest to:

Answers

Answer:

Order processing= $930 per order

Explanation:

First, we need to calculate the estimated costs for order processing:

Order processing cost= (380,000*0.3) + (150,000*0.45) + (170,000*0.3)

Order processing cost=$232,500

Now, we can calculate the activity rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order processing= 232,500 / 250

Order processing= $930 per order

4. The real interest rate is 3 percent, and the nominal interest rate is 5 percent. What is the anticipated rate of inflation? 1
pt.

Answers

Anticipated interest rate of inflation (x) is 2%.

Ginocera Inc. is a designer, manufacturer, and distributor of low­cost, high­quality stain­ less steel kitchen knives. A new kitchen knife series called the Kitchen Ninja was released for production in early 2016. In January, the company spent $600,000 to develop a late­ night advertising infomercial for the new product. During 2016, the company spent $1,400,000 promoting the product through these infomercials, and $800,000 in legal costs. The knives were ready for manufacture on January 1, 2016.
Ginocera uses a job order cost system to accumulate costs associated with the kitchen knife. The unit direct materials cost for the knife is:
Hardened steel blanks (used for knife shaft and blade) $4.00
Wood (for handle) 1.50
Packaging 0.50
The production process is straightforward. First, the hardened steel blanks, which are purchased directly from a raw material supplier, are stamped into a single piece of metal that includes both the blade and the shaft. The stamping machine requires one hour per 250 knives.
After the knife shafts are stamped, they are brought to an assembly area where an employee attaches the handle to the shaft and packs the knife into a decorative box. The direct labor cost is $0.50 per unit.
The knives are sold to stores. Each store is given promotional materials, such as post­ ers and aisle displays. Promotional materials cost $60 per store. In addition, shipping costs average $0.20 per knife.
Total completed production was 1,200,000 units during the year. Other information is as follows:
Number of customers (stores) 60,000
Number of knives sold 1,120,000
Wholesale price (to store) per knife $16
Factory overhead cost is applied to jobs at the rate of $800 per stamping machine hour after the knife blanks are stamped. There were an additional 25,000 stamped knives, handles, and cases waiting to be assembled on December 31, 2016.
Instructions
1. Prepare an annual income statement for the Kitchen Ninja knife series, including sup­ porting calculations, from the information provided.
2. Determine the balances in the work in process and finished goods inventories for the Kitchen Ninja knife series on December 31, 2016.

Answers

Answer:

1. $432,000

2. Finished goods inventory $776,000

Work in process $230,000

Explanation:

1. Preparation of an annual income statement for the Kitchen Ninja knife series

First step is to determine The Total Manufacturing cost per unit

DIRECT MATERIAL

Hardened steel blank $ 4.00

Wood for handle $ 1.50

Packaging $ 0.50

Total direct material $ 6.00

(4.00+1.50+0.50)

Direct labor $ 0.50

Factory overhead (800/250)$3.20

Total manufacturing cost per knife $ 9.70

(6.00+0.50+3.20)

Now let prepare the Income statement

INCOME STATEMENT

Sales $17,920,000

(1120,000 * 16)

Cost of good sold $10,864,000

(1120,000 * 9.7)

Gross profit $7,056,000

($17,920,000-$10,864,000)

Selling expense:

Infomercial campaign $2,000,000

($600,000 +$1400,000 )

Promotional material $3,600,000

(60,000 * $60)

Shipping cost $224,000

(1120,000 * 0.2)

Total selling expense $5,824,000

($2,000,000+$3,600,000+$224,000)

Administrative expense:

Legal expense $800,000

Total selling and administrative expense

$6,624,000

($5,824,000+$800,000)

Income from operation $432,000

($7,056,000-$6,624,000)

Therefore the annual income statement for the Kitchen Ninja knife series will be $432,000

2. Calculation to Determine the balances in the work in process and finished goods inventories for the Kitchen Ninja knife series on December 31, 2016

Calculation for Finished goods inventory

Finished goods inventory=($1,200,000 – $1,120,000) * 9.7

Finished goods inventory=$80,000*9.7

Finished goods inventory= $ 776,000

Calculation for Work in process

Work in process= 25,000 * (6 + 3.20)

Work in process=25,000*9.20

Work in process= $230,000

Therefore the balances in the work in process will be $776,000 and finished goods inventories will be $230,000 for the Kitchen Ninja knife series on December 31, 2016

The manager of the main laboratory facility at Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. Number of Lab Total Laboratory Tests Performed Overhead CostsMonth January 2,700 $22,900February 2,500 $23,500March 3,500 $29,800 April 4,000 $32,500May 4,600 $31,100 June 2,250 $22,000 July 2,000 $19,100 1. Use the high-low method to determine the laboratory's cost equation for total laboratory overhead. Use your results to predict total laboratory overhead if 3,200 lab tests are performed next month.2. Use the high-low method to determine UrbanFit's operating cost equation.

Answers

Answer:

Total cost= 9,871 + 4.615*x

x=number of lab tests

Explanation:

To calculate the variable and fixed costs using the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (31,100 - 19,100) / (4,600 - 2,000)

Variable cost per unit= $4.615

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 31,100 - (4.62*4,600)

Fixed costs= $9,871

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 19,100 - (4.615*2,000)

Fixed costs= $9,870

Total cost= 9,871 + 4.615*x

x=number of lab tests

Answer:

you need to use exel to find the awnser

Explanation:

Other Questions
for brainiest:):):):):):):) PLS HELP DUE IN 1 HOUR Question 20 of 30If a scientist's data are contaminated, what is the best course of action?A. The scientist should restart the experiment at a step prior tocontamination.B. The scientist should draw conclusions based on the contaminateddataC. The scientist should continue with the experiment and hope forthe best.D. The scientist should change the hypothesis to take thecontamination into consideration, what is the value of x Why did the United States go towar with Britain, and what wasthe outcome/results of the war? PLEASE HELP ME WITH THIS I WILL GIVE BRAINLIEST There are 16 cans of soda. One eighth are Coke. How many Cokes HELP ME PLEASE!!!!! I NEED TO GET THIS RIGHT I CANT FAILThe following reaction shows the products when sulfuric acid and aluminum hydroxide react.2Al(OH)3 + 3H2SO4 Al2(SO4)3 + 6H2OThe table shows the calculated amounts of reactants and products when the reaction was conducted in a laboratory.Initial Mass and Yield: Sulfuric Acid Aluminum HydroxideInitial Amount of Reactant 40 g 1.5 gTheoretical Yield of Water from Reactant 14.69 g 10.38 gWhat is the approximate amount of the leftover reactant? (4 points)a.11.73 g of sulfuric acidb.10.33 g of sulfuric acidc.11.12 g of aluminum hydroxided.13.67 g of aluminum hydroxide Choose all the items that relate to the Great Cultural Revolution in China.A) resulted in famineB) introduced by Mao ZedongC) youth organized into Red GuardsD) created government-operated farmsE) armed troops fired at student demonstratorsHintDuring the Cultural Revolution, the communistrevolutionary leader mobilized the youth to carryout his new program. please help im struggling The area of the rectangular-shaped lot is 44,075 square feet. The width of the lot is 215 feet. How long is the lot the Mitchells are looking to buy? What is the volume for this triangular prism if the base of the triangle is 8 the height is 16 and the height for the triangle is 7 Help me please I give brainliest and be serious SOMEONE PLEASE HELP ME... If k= [tex] log_{2}(3) [/tex]Rewrite [tex] log_{2}(48) [/tex]in terms of k. A computer game was originally priced at $59.99. It was marked down 15%. What was the final price of the computer game? asap please help i really need it how did the spread of islam help increase literacy among the population in the kingdom of west and central africa? Carol was able to drive her car 300 miles on 12 gallons of gasoline. At this rate, how many miles did she drive using 20 gallons of gasoline question : Find 23% of 700kg PLSSSSSSSSSS HELPPPPPPP ASAPPPPPPPP