Direct Labor Hours Machine Hours Blending Department Whole milk 260 650 Skim milk 245 710 Cream 215 260 720 1,620 Packing Department Whole milk 470 500 Skim milk 300 415 Cream 130 165 900 1,080 Total 1,620 2,700 The management of Spotted Cow Dairy Company now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each department is as follows: Blending Department $178,200 Packing Department 121,500 Total $299,700 Required: 1. Determine the multiple production department factory overhead rates, using machine hours for the Blending Department and direct labor hours for the Packing Department. Blending Department $fill in the blank 1 110 per machine hour Packing Department $fill in the blank 2 per direct labor hour 2. Determine the product factory overhead costs, using the multiple production department rates in (1). Whole Milk Skim Milk Cream Blending Department factory overhead $fill in the blank 3 71,500 $fill in the blank 4 78,100 $fill in the blank 5 28,600 Packing Department factory overhead fill in the blank 6 fill in the blank 7 fill in the blank 8 Total factory overhead $fill in the blank 9 $fill in the blank 10 $fill in the blank 11

Answer:

1. Wee have:

Blending department overhead rate = $110 per machine hour

Packing department overhead rate = $135 per direct labor hour

2. We have:

Whole Milk Total factory overhead = $134,950

Skim Milk Total factory overhead = $118,600

Cream Total factory overhead = $46,150

Explanation:

Note: This question is not complete and the data in it are merged together. The complete question with the sorted data are therefore presented before answering the question as follows:

Spotted Cow Dairy Company manufactures three products—whole milk, skim milk, and cream—in two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $299,700.

The three products consume both machine hours and direct labor hours in the two production departments as follows:

                                        Direct Labor Hours        Machine Hours

Blending Department

Whole milk                                      260                               650

Skim milk                                         245                                710

Cream                                             215                                260

                                                       720                              1,620

Packing Department

Whole milk                                       470                                500

Skim milk                                         300                                 415

Cream                                              130                                  165

                                                        900                              1,080

Total                                               1,620                            2,700

The management of Spotted Cow Dairy Company now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each department is as follows:

Blending Department        $178,200

Packing Department           121,500

Total                                   $299,700

Required:  

1. Determine the multiple production department factory overhead rates, using machine hours for the Blending Department and direct labor hours for the Packing Department.

2. Determine the product factory overhead costs, using the multiple production department rates in (1).

The explanation of the answer is now given as follows:

1. Determine the multiple production department factory overhead rates, using machine hours for the Blending Department and direct labor hours for the Packing Department.

Blending department overhead rate = Blending department overheads / Blending department machine hours = $178,200 / 1,620 = $110 per machine hour

Packing department overhead rate = Packing department overheads / Packing department labor hours = $121,500 / 900 = $135 per direct labor hour

2. Determine the product factory overhead costs, using the multiple production department rates in (1).

Note: See the attached excel file for the determination of the product factory overhead costs, using the multiple production department rates.

In the attached excel file the following formulae are used to calculate the product factory overhead costs:

Blending department factory overhead = Machine fours * Overhead rate per machine hour

Packing department factory overhead = Direct labor hours * Overhead rate per direct labor hour

From the attached excel file, we have:

Whole Milk Total factory overhead = $134,950

Skim Milk Total factory overhead = $118,600

Cream Total factory overhead = $46,150

Karma Company has prepared its operating budget for the first quarter of 20x9. The company forecasts sales of $50,000 in February, $60,000 in March, and $70,000 in April. Variable and fixed expenses are as follows: Variable: Utilities (electricity): 40 % of sales Misc. expenses: 5 % of sales Fixed: Salary expense $ 8,000 per month Rent expense $ 5,000 per month Depreciation expense $ 1,200 per month Utilities expense (fixed part) $ 800 per month Misc. Expense (fixed part) $ 1,000 per month What are the total selling and administrative expenses for the month of February

A company with various segments (referred to as "divisions") is considering whether to drop its Orange County division. For each the costs described below, indicate whether the cost is avoidable or unavoidable by choosing the related drop-down menu item.
1. Wages paid to the Orange County division employees who work directly for this division and will be discharged if the division is dropped.
2. General administrative expenses allocated to the Orange County division on the basis of sales dollars.
3. Depreciation expense on previously purchased machinery that is used in the Orange County division; the machinery will have no other use or resale value if the division is dropped.
4. Rent paid for the building that houses only the Orange County division.
5. The amount of rent paid to lease a private jet for use by the company's management that is allocated to the Orange County division.

g On January 2, 2019, Shank Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 60 shares. No bonds were converted during 2019. Shank had 100,000 shares of common stock outstanding during 2019. Shank 's 2019 net income was $340,000 and the income tax rate was 30%. Shank's diluted earnings per share for 2019 would be (rounded to the nearest penny) Group of answer choices $3.04. $2.19. $3.26. $3.40. $2.29

The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $510 and $310 for materials, and charges of $410 and $670 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:

Suppose that a candy maker owns a building and is renting part of the building's space to a library. Further suppose that because the candy maker is the owner, he has the right to make noise during the day while he makes candy. While the library cannot insist on a quiet environment, it could move to a quieter building. However, rent in the next best building is $300/month more than rent in the noisy building. The candy maker can adopt a new technology that eliminates the noise for $225/month. Given this situation, can the library find a private solution with the candy maker that will make both better off

Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $63.96 Direct labor 41.72 Overhead 126.50 Total $232.18 Overhead costs include variable material handling costs of $7.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs and 40% fixed costs. A vendor has offered to supply the IMC2 component at a price of $250 per unit.
Prepare the incremental analysis for the decision to make or buy IMC2. Should Innova purchase the component from the outside vendor if Innova's capacity remains idle?

Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash, an investment with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000 (inside basis of $5,000) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in his RD Partnership interest is $48,000. What is Randolph's basis in the distributed investment and land

Which of the following is not a feature of parliamentary democracy?

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

What suggestion does the author make about her main characters' future at
the end of the story?
A. They will spend the final years of their lives terrified, haunted by
their father's ghost.
B. They will gradually learn to take control over their own lives, but it
will be slow and difficult.
C. They will burn all their father's possessions to remove his hated
influence from their lives.
VO D. They have more freedom now that their father is dead, but they are
not strong enough to act on it.

The Monetary Policy of Tazi is controlled by the country's central bank known as the Bank of Tazi. The local unit of currency is the Tazian dollar. Aggregate banking statistics show that collectively the banks of Tazi hold $300 million of required reserves, $75 million of excess reserves, have issued $7,500 million of deposits, and hold $225 million of Tazian Treasury bonds. Tazians prefer to use only demand deposits and so all money is on deposit at the bank. Refer to Scenario 29-1. Assume that banks desire to continue holding the same ratio of excess reserves to deposits. What is the reserve requirement and the reserve ratio for Tazian Banks

The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $56,084. Deposits in transit on June 30 were $2,655. A debit memo was included with the bank statement for a service charge of $22. A $4,418 check written in June had not been paid by the bank. The bank statement included a $800 credit memo for the collection of a note. The principal of the note was $775, and the interest collected amounted to $25. Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)

ME EXPLICA O BARINLY

Analyze Johnson Stores’ staffing budget for holidaysJohnson Stores is planning its staffing for the upcoming holiday season. From past history, the store determines that it needs one additional sales clerk for each $12,000 in daily sales. The average daily sales is anticipated to increase by $96,000 from Black Friday until Christmas Eve, or 27 shopping days. Each additional sales clerk will work an eight-hour shift and will be paid $14 per hour.a. Determine the amount to budget for additional sales clerks for the holiday season.Holiday staff budget for additional clerks $b. If Johnson Stores has an average 40% gross profit on sales. What is the additional profit generated if a staff is added for the increased sale?Additional profit $

Appliance Center is an experienced home appliance dealer. Appliance Center also offers a number of services for the home appliances that it sells. Assume that Appliance Center sells ovens on a standalone basis. Appliance Center also sells installation services and maintenance services for ovens. However, Appliance Center does not offer installation or maintenance services to customers who buy ovens from other vendors. Pricing for ovens is as follows.

Oven only 803
Oven with installation service 910
Oven with maintenance services 976
Oven with installation and maintenance services 1,040

In each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $173. Additionally, the incremental amount charged by The Center for installation approximates the amount charged by independent third parties. Ovens are sold subject to a general right of return. If a customer purchases an oven with installation and/or maintenance services, in the event The Center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $803. Assume that a customer purchases an oven with both installation and maintenance services for $1,040.

Required:
Indicate the amount of revenues that should be allocated to the oven, the installation, and to the maintenance contract.

Lannister Inc. holds 12,000 units of inventory on January 1, 2017, which have the following costs using LIFO (last-in, first-out):

Inventory Lot Date Units Cost / Unit Total Cost
A 4/22/2012 2,000 $60 $120,000
F 10/15/2014 4,000 $84 $336,000
I 12/22/2016 6,000 $125 $750,000

Under LIFO (last-in, first-out) the same inventory has the following lot costs:
Inventory Lot Date Units Cost / Unit Total Cost
A 4/22/2012 2,000 $60 $120,000
F 10/15/2014 4,000 $84 $336,000
I 12/22/2016 6,000 $125 $750,000



During January 2017, Lannister records the following transactions:

Sells 7,000 units on January 3.
Purchases 4,000 units on January 10 at a cost of $130 per unit.
Sells 2,000 units on January 12.
Purchases 3,000 units on January 18 at a cost of $132 per unit.
Sells 2,000 units on January 25.

In answering the following questions, assume that Lannister uses a perpetual LIFO inventory system.

a. Using perpetual LIFO, what was Lannister’s cost of goods sold (COGS) for the sale that occurred on January 3?
b. Using perpetual LIFO, what Lannister’s cost of goods sold (COGS) for the sale that occurred on January 12?
c. Using perpetual LIFO, what was Lannister’s cost of goods sold (COGS) for the sale that occurred on January 25?

Beginning three months from now, you want to be able to withdraw $4,200 each quarter from your bank account to cover college expenses over the next four years. If the account pays .82 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years

Cascade Company was started on January 1, Year 1, when it acquired $151,000 cash from the owners. During Year 1, the company earned cash revenues of $90,600 and incurred cash expenses of $62,000. The company also paid cash distributions of $13,000.

Required:
Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.)

Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.Date Numer of Units Unit priceMay 7 46 $10July 28 36 15On June 1, Larkspur, Inc. sold 23 units, and on August 27, 36 more units. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.)

An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company.

HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020

Work in process (1/1) $219,610
Direct materials
Raw materials inventory (1/1) $51240
Add: Raw materials purchases 160,200
Total raw materials available for use 211440
Less: Raw materials inventory (12/31) 29,310
Direct materials used $182,130
Direct labor
Manufacturing overhead Indirect labor 26,980
Factory depreciation 45,020
Factory utilities 72,870
Total overhead 144,870
Total manufacturing costs 327000
Total cost of work in process 631170
Less: Work in process (12/31) 84,330
Cost of goods manufactured $546,840

can I have free account please​

The comparative balance sheets for Kingbird Corporation appear below:

KINGBIRD CORPORATION Comparative Balance Sheet

Assets 2022 2021
Cash $35,400 $33,600
Accounts receivable (net) 88,000 64,500
Prepaid insurance 29,300 19,200
Land 20,500 49,000
Equipment 81,500 69,500
Accumulated depreciation (15,800 ) (13,000 )
Total assets $238,900 $222,800
Liabilities and Stockholder's Equity Accounts payable $24,500 $8,100
Bonds payable 25,400 16,200
Common stock 148,000 120,000
Retained earnings 41,000 78,500
Total liabilities and stockholder's equity $238,900 $222,800

Additional information:

1. Net loss for 2022 is $13,000. Net sales for 2022 are $290,000.
2. Cash dividends of $24.800 were declared and paid in 2022.
3. Land was sold for cash at a loss of $3,500. This was the only land transaction during the year.
4. Equipment with a cost of $17,800 and accumulated depreciation of $10,900 was sold for $6,900 cash.
5. $12.900 of bonds were retired during the year at carrying (book) value.
6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $33,000.

Required:
Prepare a statement of cash flows for the year ended December 31, 2022 using the indirect method.

If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. For each of the following, indicate the effect on the amount realized if:
a. The property is sold on credit. The amount realized includes both the cash received at the time of sale and the cash to be received in the future .
b. A mortgage on the property is assumed by the buyer. The assumption by the buyer of the seller's mortgage the amount realized by_______ .
c. A mortgage on the property of the buyer is assumed by the seller. The assumption by the seller of the buyer's mortgage the amount realized by______ .
d. The buyer acquires the property subject to a mortgage of the seller. The buyer's acquisition of the property subject to the mortgage of the seller the amount realized by_______ .
e. Stock that has a basis to the purchaser of $6,000 and a fair market value of $10,000 is received by the seller as part of the consideration. The receipt of the stock by the seller the amount realized by the seller by_________

For the following purchasing and sales transactions, prepare the appropriate journal entry assuming a perpetual inventory system is in place.
1. On January 1, Cougar Corp. purchased inventory from a supplier for $6,500. The credit terms on the transaction are 1/10, net 30.
2. On January 2, Cougar Corp. paid a shipping company $110 for freight associated with the January 1 purchase.
3. On January 5, Cougar Corp sold inventory with a cost of $2,600 for $3,700. The credit terms on the transaction are 2/15, net 30.
4. On January 6, Cougar Corp. returned $950 of the inventory purchased on January 1.
5. On January 7, Cougar Corp. paid $210 to ship the goods sold on January 5.
6. On January 9, Cougar Corp. paid for the purchase on January 1. (Don't forget to consider the purchase return on January 6).
7. On January 10, Cougar Corp. received payment for the sale made on January 5.

Jordan is considering three choices of spending the new year's eve. Option A is to dine outside at a luxury restaurant; option B is indoor skydiving, and option C is to play video games at a close-by club. If all three options cost the same, explicitly, what can be the economic reason for Jordan choosing option B

Orchid Biotech Company is evaluating several development projects for experimental drugs. Although the cash flows are difficult to forecast, the company has come up with the following estimates of the initial capital requirements and NPVs for the projects. Given a wide variety of staffing needs, the company has also estimated the number of research scientists required for each development project (all cost values are given in millions of dollars).

Project Number Initial Capital Number of Research Scientists NPV
I $10 2 $10.1
II 15 3 19.0
III 15 4 22.0
IV 20 3 25.0
V 30 12 60.2

Required:
a. Suppose that Orchid has a total capital budget of $60 million. Calculate the profitability index for each project. How should Orchid prioritize these projects?
b. Suppose that Orchid currently has 12 research scientists and does not anticipate being able to hire more in the near future. How should Orchid prioritize these projects?

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $8.00. In year two, the price of the same basket is $7.00. From year one to year two, there is (Deflaton,Inflation) at an annual rate of _____%. In year one, $40.00 will buy ________ baskets, and in year two, $40.00 will buy ________ baskets. This example illustrates that, as the price level falls, the value of money:_________

Aziz Industries has sales of $100,000 and accounts receivable of $11,500, and it gives its customers 30 days to pay. The industry average DSO is 27 days, based on a 365-day year. If the company can change its credit and collection policy sufficiently to cause its DSO to fall to the industry average (without decreasing sales) and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant

what are the proffesional values​

In order to get hired as an assembly line specialist, the applicant will have to show that they can perform their task in less than 5 minutes after 1000 tries. During the interview, the applicant was asked to perform their future job five times. The applicant was able to complete the task in 10.8 minutes and the company was to estimate their learning curve to be 90%. Given this information, how much time will the applicant take to perform the task a 1000th time