Question 1
1- The cost per equivalent units of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $.45 and $.12, respectively. The equivalent units to be assigned costs are as follows. Direct Materials Conversion Inventory in process, beginning of period 0 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units to be assigned costs 60,500 62,300 The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred out production, and the ending work in process inventory. HTML Editor 2. The inventory at May 1 and the costs charged to Work in Process--Department B during May for Stella Company are as follows: Beginning WIP, 12,000 units, 60% completed $ 62,400 From Department A, 55,000 units started this period Direct materials added 115,500 Direct labor incurred 384,915 Factory overhead incurred 138,000 During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units which were 70% completed. Inventories are costed by the first-in, first-out method. Prepare a cost of production report for May.
Question 2
"Segment your Industry/Market selected on Assignment 1, focus on a product or service (discrete or line) and develop/describe your "Product" related strategy elements for each segment. Keep in mind that your selected product/service can be a real (existing offering in the market), or a new planned venture (your idea about a new/needed product or service). More than one segment should be identified and addressed, each with a customized "Product" strategy elements. Remember that you need to use the strategy elements suitable for either the Introduction or Growth PLC stages of your product/service. Your research and citations should support your suggested Segmentation and "Product" Strategies. Summary tables will do great here! 7430098 is the QID from the first paper you completed, I will also attach? the paper , so there is no confusion on the what needs to be done. A SIMPLE 2 TO 3 PAGE WOULD SUFICE, APA FORMAT PLEASE,I need at least 3 pages of researche, please redo anothe page worth of work,This paper has nothing to do with the first paper you wrote. As I mentioned initially that this is a continuation from the first part which QID number is 7430098. I honestly can?t use this for my research, you must follow the rules as displayed. This needs to be turned in today, if not I will fail the class. Compare the papers and tell me for yourself if I am mistaken.,Thank you, my dead line is 12pm, I might be confused, but if you can show me that both paper coincided, I will be happy with the work,Ok, I will use this paper, but if I fail the class, I would ask for a refund. I am going to take your word on this please don't fail me
Question 3
Finance help! The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on October 1, 2012. Its credit sales for the first 6 months of operations were as follows: ?? Month ?? Credit Sales October $50,000 ? November 100,000 ? December? 105,000 January 120,000 February? 140,000 ??March ?160,000 1. Based on the pro forma financials, Fogler?s total sales forecast for the first full year of operations is 28,000 phones at an average sales price of $50 per phone. As a first approximation, they assumed that 20 percent of the firm?s customers will pay 10 days after the sale, 60 percent will pay on the 30th day, and 20 percent will pay on the 60th day. a. What is the firm?s projected days sales outstanding (DSO)? b. What are the projected average daily sales? (Use a 365-day year.) c. What is Fogler?s projected average receivables level? d. If Fogler is estimating a gross profit margin, or contribution margin, of 40 percent, how much of the receivables balance must actually be financed? What would Fogler?s balance sheet figures for accounts receivable, notes payable and retained earnings be at the end of the year if notes payable are used to finance the investment in receivables? e. If short-term bank loans cost 9 percent, what is their projected annual cost of carrying the receivables? 2. Fogler would like you to determine and explain the primary factors that influence the level of receivables outstanding. Additionally, they would like to know what factors influence the dollar cost of carrying the receivables. 3. Throughout the first six months of business, the firm?s credit customers maintained constant payment patterns: 20% paid in the month of sale, 40% paid in the month following the sale, and 40% paid in the second month following the sale. Refer to the monthly sales in the table above. a. What was Fogler?s receivables balance at the end of December and at the end of June? b. Assume 90 days per calendar quarter. What were the average daily sales (ADS) and days sales outstanding (DSO) for the last quarter of 2012 and first quarter of 2013? What were the ADS and DSO for the first six months of business? c. Does the DSO indicate that the firm?s customers have changed their payment behavior from the last quarter of 2012 to the first quarter of 2013? Is DSO a good management tool in this situation? Why or why not? d. How does this actual DSO compare to what Fogler anticipated based on approximations for the year from part 1.a. above? Why did this happen and what can Fogler do to improve their actual DSO? 4. Fogler would like to see the aging and uncollected balances schedules and compare their results in order to evaluate customer payment patterns. a. Construct aging schedules as of the end of December and the end of March. b. Explain what these aging schedules indicate about the customers? payment patterns from one quarter to the next. c. Construct the uncollected balances schedule as of the end of December and the end of March. d. Explain what these uncollected balances schedules indicate about the customers? payment patterns from one quarter to the next. e. Which of these schedules properly measures customers? payment patterns? If you needed to choose one number to monitor from either the aging or uncollected balances schedules, which number would best describe the customer payment patterns? Explain your answers.
Question 4
"""EXERCISE 12?15 Segmented Income Statement [LO1] Wingate Company, a wholesale distributor of videotapes, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement, which follows: Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 Variable expenses . . . . . . . . . . . . . . . . . . . . . . $390,000 Contribution margin . . . . . . . . . . . . . . . . . . . . . $610,000 Fixed expenses . . . . . . . . . . . . . . . . . . . . . . . . . $625,000 Net operating income (loss) . $(15,000) In an effort to isolate the problem, the president has asked for an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division East Central West Sales $250,000 $400,000 $350,000 Variable expenses as a percentage of sales 52% 30% 40% Traceable fixed expenses $180,000 $200,000 $175,000 Required: 1. Prepare a contribution format income statement segmented by divisions, as desired by the president. 2. As a result of a marketing study, the president believes that sales in the West Division could be increased by 20% if monthly advertising in that division were increased by $15,000. Would you recommend the increased advertising? Show computations to support your answer. " - Sent to Accounting Expert Tutor on 1/29/2011 at 2:25pm "This was the start of the segment income statement" Division East Central West $ 250,000 $ 400,000 $ 350,000 130,000 120,000 140,000 120,000 280,000 210,000 $ 160,000 $ 200,000 $ 175,000 -40,000 80,000 35,000
Question 5
Eastwood Company ( A US based company) has subsidiaries in three countries, X, Y and Z. All three subsidiaries manufacture and sell products in their host country. Corporate income tax rates in these three countries over the most recent three years period as follows: Country Year 1 Year 2 Year 3 X 50% 50% 40% Y 25 25 25 Z 36 30 30 None of these countries imposes a withholding tax on dividends distributed to a foreign parent company. The US corporate income tax rate over this period was 35%. Pretax income earned by each subsidiary and the percentage of after tax income paid to Eastwood over hte most recent three year period are as follows: Year 1 Year 2 Year 3 Subsidiary X Pretax Income $100,000 $100,000 $100,000 Dividend (% of after tax income) 100% 50% 50% Subsidiary Y Pretax income $150,000 $150,000 $150,000 Dividend (% of after tax income) 50% 50% 50% Subsidiary Z Pretax Income $200,000 $200,000 $200,000 Dividen (% of after tax income) 40% 40% 100% Required: A. Determine the amount of foreign source income Eastwood will include in the US tax return in each of the three years. B. Determine the amunt of foreign tax credit Eastwood will be allowed to take in determining its US tax liabilty in each of the three years. C. Determine the amount of excess foreign tax credit, if any, Eastwood will have in each of the three years. D. Determine Eastwood's net US tax liabilitiy in each of the three years.
