Question 1
okay I have 2 more . (TCO D) Fouch Company makes 30,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows. Direct Materials $15.70 Direct Labor $17.50 Variable Manufacturing Overhead $4.50 Fixed Manufacturing Overhead $14.60 Unit Product Cost $52.30 An outside supplier has offered to sell the company all of these parts it needs for $51.90 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $219,000 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $6.20 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products. Required: i. How much of the unit product cost of $52.30 is relevant in the decision of whether to make or buy the part? ii. What is the net total dollar advantage (disadvantage) of purchasing the part rather than making it? iii. What is the maximum amount the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 30,000 units required each year? (Points : 15) Question 5. 5. (TCO D) Biello Co. manufactures and sells medals for winners of athletic and other events. Its manufacturing plant has the capacity to produce 15,000 medals each month; current monthly production is 14,250 medals. The company normally charges $115 per medal. Cost data for the current level of production are shown below. Variable Costs Direct Materials $969,000 Direct Labor $270,750 Selling and Administrative $270,075 Fixed Costs Manufacturing $370,550 Selling and Administrative $89,775 The company has just received a special one-time order for 600 medals at $102 each. For this particular order, no variable selling and administrative costs would be incurred. This order would also have no effect on fixed costs. Required: Should the company accept this special order? Why? (Points : 15)
Question 2
On April 1, 20X1, Paape Company paid $950,000 for all the issued and outstanding stock of Simon Corporation. The recorded assets and liabilities of the Simon Corporation on April 1, 20X1, follow: Cash $ 80,000 Inventory 240,000 Property and equipment (net of accumulated depreciation of $320,000) 480,000 Liabilities (180,000) On April 1, 20X1, it was determined that the inventory of Simon had a fair value of $190,000, and the property and equipment (net) had a fair value of $560,000. What is the amount of goodwill resulting from the business combination? (Points : 10) $0 $120,000 $300,000 $230,000,Not you again, I failed two tests because of you!!,very good that is what I got here is another question. Partners A and B have a profit and loss agreement with the following provisions: salaries of $41,600 and $38,400 for A and B, respectively; a bonus to A of 10% of net income after salaries and bonus; and interest of 10% on average capital balances of $20,000 and $35,000 for A and B, respectively. One-third of any remaining profits are allocated to A and the balance to B. If the partnership had a net income of $36,000, how much should be allocated to Partner A, assuming that the provisions of the profit and loss agreement are ranked by order of priority starting with salaries? (Points : 10) $12,000 $18,000 $18,720 $41,600
Question 3
Tom;s Shoes Repair provides a variety of shoe and repair service.Analysis of monthly costs revealed the following cost formulas when direct labor hours are used as the basis of cost determination: Supplies: y =$0 + $4.00x Production supervision and direct labor: y = $500 + $7.00x Utilities: y = $350 + $5.40x Rent: y = $450 + $0.00x Advertising: y = $75 + $0.00x a) Prepare a flexible budget at 250, 300, and,400 direct labor hours. b) Calculate a total cost per direct labor hour at each level of activity. c) Tom usually incurs 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to achieve Tom's objective? here is the set up for this exercise to put the answers in.Has to be on excal, a put an A where answers go. Flexible Budget 250 300 350 400 a)Variable cost: Supplies A A A A Direct labor A A A A Utilities A A A A Fixed cost: Direct labor A A A A Utilities A A A A Rent A A A A Advertising A A A A Total cost b) Cost per Direct Labor Hour (DLH) A A A A c) Average Charge to Earn 40% Return At 350 DLH Cost per direct Labor Hour A Times return A Hourly charge A Times hours per repair A Charge per customer repair A This is a Cost Accounting class, hope you can help me.,"Tom;s Shoes Repair provides a variety of shoe and repair service.Analysis of monthly costs revealed the following cost formulas when direct labor hours are used as the basis of cost determination: Supplies: y =$0 + $4.00x Production supervision and direct labor: y = $500 + $7.00x Utilities: y = $350 + $5.40x Rent: y = $450 + $0.00x Advertising: y = $75 + $0.00x a) Prepare a flexible budget at 250, 300, and,400 direct labor hours. b) Calculate a total cost per direct labor hour at each level of activity. c) Tom usually incurs 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to achieve Tom's objective? here is the set up for this exercise to put the answers in.Has to be on excal, a put an A where answers go. Flexible Budget 250 300 350 400 a)Variable cost: Supplies A A A A Direct labor A A A A Utilities A A A A Fixed cost: Direct labor A A A A Utilities A A A A Rent A A A A Advertising A A A A Total cost b) Cost per Direct Labor Hour (DLH) A A A A c) Average Charge to Earn 40% Return At 350 DLH Cost per direct Labor Hour A Times return A Hourly charge A Times hours per repair A Charge per customer repair A This is a Cost Accounting class, hope you can help me. This is my second time sending this to you, the first time it was done incorrect. I send a insert sheet under the question. everwhere their's an A is where a answer goes. the insert sheet I couldn't scan it so I type it in, but it already set up you only insert the answers in the columns. Michael youdidn't respond so I guess you would like more money, I got you. My work is late, O and make sure you put column 350 in, and keep the words the way it is on the insert pg, Thanks.,Tom's Shoes Repair provides a variety of shoe and repair service.Analysis of monthly costs revealed the following cost formulas when direct labor hours are used as the basis of cost determination: Supplies: y =$0 + $4.00x Production supervision and direct labor: y = $500 + $7.00x Utilities: y = $350 + $5.40x Rent: y = $450 + $0.00x Advertising: y = $75 + $0.00x a) Prepare a flexible budget at 250, 300, and,400 direct labor hours. b) Calculate a total cost per direct labor hour at each level of activity. c) Tom usually incurs 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to achieve Tom's objective? I think this is my 3 time sending this work, I found a better way to an attachment of the answer sheet. I try doing the work so it may show the answers i put in, you will see wrong beside some of the ones I answered. I have the answer sheet in the browse. My work is very late.,"Tom;s Shoes Repair provides a variety of shoe and repair service.Analysis of monthly costs revealed the following cost formulas when direct labor hours are used as the basis of cost determination: Supplies: y =$0 + $4.00x Production supervision and direct labor: y = $500 + $7.00x Utilities: y = $350 + $5.40x Rent: y = $450 + $0.00x Advertising: y = $75 + $0.00x a) Prepare a flexible budget at 250, 300, and,400 direct labor hours. b) Calculate a total cost per direct labor hour at each level of activity. c) Tom usually incurs 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to achieve Tom's objective? This is my 4th time resending this. I have the answer sheet in the browse that goes with the problem.
Question 4
Property taxes are not necessarily recognized as revenue in the year collected. The fiscal year of Duchess County ends on December 31. Property taxes are due March 31 of the year in which they are levied and intended to finance. 1. Prepare journal entries (excluding closing entries) in the general fund (modified accrual basis) to record the following property tax? related transactions in which the county engaged in 2012 and 2013. a. On January 15, 2012 the county council levied property taxes of $170 million for the year ending December 31, 2012. Officials estimated that 1% were uncollectible. b. During 2012 it collected $120 million. c. In January and February 2013, prior to preparing its 2012 financial statements, it collected an additional $45 million in 2012 taxes. It reclassified the $5 million of 2012 taxes not yet collected as delinquent. d. In January 2013 the county levied property taxes of $190 million to finance activities of 2013; officials estimated that 1.1% were uncollectible. e. During the remainder of 2013 the county collected $2.5 million more in taxes relating to 2012, $160 million relating to 2013, and $1.9 million (in advance) applicable to 2014. f. In December 2013 it wrote off $1 million of 2012 taxes that it determined was uncollectible. 2. What amount of property tax revenue should the county report in its government-wide (full accrual) statements for 2012 and 2013? Explain.
Question 5
About Business strategy and Policy Note: Please use examples too 1. Discuss how corporate governance can support ethical strategic decisions? 2. What is assessing? And give examples 3. Business level strategies as Cost Leadership, Differentiation, Focused Differentiation and Focused Cost Leadership. Explain (with examples) TWO of these strategies. 4. Discuss TWO of the key issues related to implementing business-level strategies. About International Marketing 5. Describe two opportunities and two challenges in international marketing created by the recent advances in information technology. 6. Discuss why any TWO of the following is important to international marketing a. Understanding of the Culture b. Understanding of the political and legal environment c. Understanding of the economic environment 7. Explain the difference between direct exporting, licensing and franchising. 8. Discuss ONE of the following: d. Why should products or services be adapted for export e. Would you price your exported products higher or lower than you sell in the U.S.? Why? 9. Discuss the information you would gather in selecting a distributor or agent. 10. Discuss the factors important to channel management 11. Discuss how technology has changed international marketing 12. Explain how the following U.S. government agencies help exporters a.OPIC b.Ex-Im Bank c.Department of Commerce
