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New Member
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May 22, 2010, 06:18 AM
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free accounting homework answers
2. Limited resources
Portable Enterprises produces two lines of mobile homes: double-wide and single-wide. Unit cost and revenue data pertaining to each product are shown below:
Double wide Single wide
Selling price $70,000 $40,000
Total variable cost $45,000 $20,000
Each double-wide home requires 350 different labor hours and 125 machine hours. Each single-wide home requires 175 direct labor hours and 150 machine hours. Demand for each line of homes far exceeds the company's total production capacity.
(a) If Portable’s production capacity is constrained by limited direct labor hours, which line of homes should it produce? ___________________
(b) If Portable’s total production capacity is constrained by machine hours, which line of homes should it produce? ____________________
Computations:
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New Member
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May 22, 2010, 06:26 AM
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free accounting homework answers
4. Standard cost system-overhead variances
Assume the following data for John Company’s August operations.
Standard overhead per direct labor hour based on
normal monthly capacity of 30,000 hours:
Fixed( $270,000/30,000 hours) $9
Variable ($660,000/30,000 hours) 22 $31
Direct labor hours actually worked in August $28,000 hours
Actual overhead cost incurred ( including $270,000
fixed costs)
(a) Compute the amount of overhead applied to Work-in-Process during August. $_______________
(b) Compute the total manufacturing overhead budgeted based on hours worked during August. $_______________
(c) Compute the overhead spending variance for August. Indicate whether favorable (F) or unfavorable (U). $_______________
(d) Compute the overhead volume variance for August. Indicate whether favorable (F) or unfavorable (U). $_______________
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New Member
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May 22, 2010, 06:35 AM
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free accounting homework answers
. Capital budgeting
Mason Co. is evaluating two alternative investment proposals. Below are data for each proposal:
Proposal A Proposal B
Initial investment cost... $84,000 $96,000
Estimated useful life... 5 years 6 years
Estimated salvage value... $4,000 -0-
Estimated annual net income... $8,200 $8,000
The following information was taken from present value tables:
Present value
$1 due in 5 years , discounted at 12%.. . 567
$1 due in 6 years , discounted at 12%.. . 507
$1 received annually for 5 years , discounted at 12%... 3.605
$1 received annually for 5 years , discounted at 12%... 4.111
All revenue and expenses other than depreciation will be received and paid in cash. The company uses a discount rate of 12% in evaluating all capital investments.
Compute the following for each proposal (round payback period to the nearest tenth of a year and round return on average investment to the nearest tenth of a percent):
Proposal A Proposal B
(a) Annual net cash flow: $ $
(b) Payback period (in years):
(c) Average investment: $ $
(d) Return on average investment % %
(e) Net present value: $ $
(f) Based on your analysis, which proposal appears to be the best investment?
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New Member
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May 22, 2010, 07:00 AM
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Thank you! So far I have computed the payback period
Proposal A = 84,000/8,2000 = 10.24 or 10 years
Proposal B= 96,000/8,000 = 12 years
Return on Avg inv: Proposal 1 as 8,200/( 84,000 + 4,000) /2 = 18.6%
Return on Avg inv: Proposal 2 as 8,000/96,000 /2 = 16.7%
Average Investment
proposal 1: 84,000 +4,000/2= 44,000
proposal 2: 96,000/2= 48,000
I am lost on answering A: Annual net cash flow and E: Net present value
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New Member
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May 22, 2010, 07:01 AM
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I am totally lost on this question. Not sure how to start.
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Uber Member
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May 22, 2010, 11:35 AM
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Hi, latashad!
It can take a bit of patience to use this site. Especially, since everyone who answers question is a volunteer who does this during the times that they have free to do so.
We have some Experts here who are great in helping with accounting types of questions! Eventually, one or more of them will get around to helping you.
It just takes time...
Thanks!
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