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slo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

The Albright Company manufactures rubber parts for the automobile industry. The company had planned to produce 4,750 units according to the November budget. Its material standard specifies a cost of...

The data below regards The Bag House, a store that sells bags.

Budgeted Sales (credit) : For January, February, and March, are $420,000, $310,000, and $280,000.
Budgeted Collections : 60% in...

Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of manufacturing...

Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of manufacturing...

Santa Fe Electronics sells televisions. The average selling price of a TV is $970. The TV's are purchased from manufacturers at an average cost of $680 per unit, which includes shipping. Since...

Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of manufacturing...

The CEO of Madison Inc. has provided you with the following information for its operations for 2013. Dollar figures are in thousands.
Sales Revenue : $200
Cost of Goods Sold : $120
Total...

Lincoln Corporation produces and sells two produtcs : Standard and Deluxe. The info on the two products sold for the last month is given below. The common fixed cost is $15,000.
Standard : Sales :...

Saint Paul Company produces a line of non-motorized boats . Saint Paul uses a job order costing system and applies manufacturing overhead cost using direct-labor cost. The following data are for...

Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in...

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first...

Accounting Homework Helper

On this problem how is the repayment of -5000 and interest of -210 calculated for March in the cash budget?

I tried doing 3000 x 3/12 x 1% but I get 75 for repayment...

Accounting Homework Helper


On this website can anyone please explain to me how the accounts receivable of $51,000 on the balance sheet was obtained?


I am confused, its an increase of...

Harold conducts a business with the following results for the year:
Revenue $20,000
Depreciation on car 3,960
Operating expenses of car 3,100
Rent 6,000
Wages 8,200
Amortization of intangibles...

Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations:






a.
The budgeted selling price...

Hickory Company manufactures two products—15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering...

Hickory Company manufactures two products—15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering...

Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses...

Olympia Company’s variable expenses are 60% of sales. At a $600,000 sales level, the degree of operating leverage is
4. The company's chief executive officer has decided to purchase and install a...

Emma Green is employed by Northern Laboratories and is directly involved in preparing the company’s leading antibiotic drug. Emma’s basic wage rate is $22 per hour. The company pays its employees...

Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes predetermined overhead rates on a...

Can you show me how that applies in this question please ?

Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus,...

Yeah I defintely did that, I got the answer, I have another question I posted , please answer it! You are the ONLY one that really teaches me without giving an answer always , please keep helping I...

Assume that more than one product is being sold in the following situation:

Sales = $456,000
Variable Expenses = ?
Fixed Expenses = ?
Net Operating Income (loss) = $86,080
Contribution Margin...

I am really stuck and need help with steps:

Given :
units sold = x
Sales = $350,000
Variable expenses = x
fixed expenses = $162,000
net op inc (loss) = (22,000)
Contribution Margin Per Unit...

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):


...

Hi I am studying in advance of taking Managerial Accounting and need some help with steps on this problem:




Security Pension Services helps clients to set up and administer pension plans that...

Hi I am confused on this and need help with steps :


Assume that press operator earns $12 an hour. She is paid time and a half for overtime (time excess of 40 hrs per week). During a given week...

Hi I need some help with steps on this :
The changes in account balances for Elder Company for 2006 are as follows:
Assets : $480,000 debit
Common Stock : $250,000 credit
Liabilities : $160,000...

At December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 820 million shares of common stock and 2 million shares of 8%, $100 par value cumulative preferred stock. No dividends were...

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On April 1, 2013, John purchased supplies from Acme Company for $1200. In order to increase sales, Acme allows customers to pay in installments and will...

Refer to the following lease amortization schedule. The five payments are made annually starting with the inception of the lease. A $2,000 bargain purchase option is exercisable at the end of the...

On January 1, 2009, Zebra Corporation issued 1,000 of its 8%, $1,000 bonds at 98. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2019. Zebra paid $50,000 in...

Cramer Company sold 5 year, 8% bonds on October 1, 2006. The face amount of the bonds was $100,000, while the issue price was $102,000. Interest is payable on April 1 of each year. The fiscal year of...

Thank you :) I never would have seen that, please look for my questions :) I am studying for an exam!

Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the...

Hi, I am really confused and need some help with steps, I am getting $1,158, 498 and $70,480 respectively but these are being marked wrong. Thanks so much for any help.

On June 30, 2011,...

Hi, I completed the entire amortization schedule but I think I went wrong somewhere because the last column I decreased in the increase in balance column. I rounded but even still it should increase...

Hi, I am stuck on this and need some help with steps :


When Patey Pontoons issued 6.50% bonds on January 1, 2011, with a face amount of $560,000, the market yield for bonds of similar risk and...

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Cupola Fan Corporation issued 10%, $400,000 10 year bonds for $385,000 on June 30, 2013. Debt issue costs were $1500. Interest is paid...

It's review questions, I am trying to work hard and succeed OK?

I am stuck and need help :

The following information is taken from accounting records of Madeline Inc for the year 2009. Missing information has been left blank. Inventory is only supply that...

This should be simple, but I'm forgetting the steps , all I remember is Beg Inv + Purchases = COGAS

COGS : 237
Freight In : 22
Ending Inventory : 147
Gross Purchases : 300
Sales : 400...

I am getting stuck on these problems, please give a formula and show how to solve with steps :
Cost of Goods Sold : ?
Freight in : 14
Ending Inventory : 83
Gross Purchases : 270
Sales : 304...

Hi I am totally blanking out , I need help with steps :

COGS : ?
Freight In : 10
Ending Inventory : ?
Gross Purchases : 206
Sales : 200
Purchase Discounts : 15
Beginning Inventory : 60...

Hi I need some help with this I am confused:

The following information is taken from the accounting records of Rapid Runner Inc. for the year 2009. Missing information has been left blank :
COGS...

2014 amortization was calculated as 1,180,000 divided by 9.5 and I don't get why,and where the 9.5 comes from :

On October 1, 2013, the Allegheny Corporation purchased machinery for $115,000. The...

Hi, I am really confused and need some help with steps, please also detail the steps with the financial calculator if possible:

Beginning three months from now, you want to be able to withdraw...