Accounting Misc. Problems Assignment

Accounting Misc. Problems Assignment in $8 only

Free Sample Answer is given below.

Problem 7-20 Claire Company produces Tablets and Books. Total overhead costs traditionally have been allocated on the basis of direct labor hours. After implementing activity-based costing, managers determined the following cost pools and cost drivers. They also decided that general costs should no longer be allocated to products.

Activity Pool Department Costs Cost Driver
Binding $241,763 Number of units
Printing 820,821 Machine hours
Product design 185,198 Change orders
General 628,500 None
Total overhead costs $1,876,282

Other information is as follows:

Tablets Books
Units 62,700 20,300
Direct materials cost per unit $2.84 $10.03
Direct labor cost per unit $4.02 $8.08
Direct labor hours 25,500 16,400
Machine hours 125,000 121,000
Change orders 1,400 2,000
Calculate predetermined OH rate. (Round answer to 2 decimal places, e.g. 15.25.)

Predetermined OH rate $ /DLH
Determine the unit product cost for Tablets and Books using the traditional costing system. (Round overhead rate and final answers to 2 decmial places, e.g. 15.25.)

Tablets Books
Unit product cost $ $
Calculate ABC rates. (Round answers to 2 decimal places, e.g. 15.25.)

ABC rates
Binding $ /unit
Printing $ /machine hour
Product design $ /change order
Determine the unit product cost for Tablets and Books using the activity-based costing system. (Round all rates and final answers to 2 decmial places, e.g. 15.25.)

Tablets Books
Total unit cost $ $

Show that General cost is the difference between the total overhead costs allocated to products under the traditional system and the total cost allocated to products under the activity-based costing system.(Round answers to 0 decmial places, e.g. 1,525.)

Traditional ABC Difference
Total allocated overhead $ $ $

Sample Answer:

PREDETERMINED OVERHEAD RATE

= TOTAL OVERHEAD COST / TOTAL DIRECT LABOUR HOURS

= $1876282 / (25500 + 16400)

= $1876282 / 41900

= $44.78 PER DLH

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ACCTG 201 Problem 6 Assignment 2016

ACCTG 201 Problem 6 Assignment 2016 in $8 only

Colson Corp. had $700,000 net income in 2015. On January 1, 2015 there were 200,000 shares of common stock outstanding. On April 1, 20,000 shares were issued and on September 1, Colson bought 30,000 shares of treasury stock. There are 30,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2015. The tax rate is 40%.

During 2015, there were 40,000 shares of convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 a year dividend, and is convertible into three shares of common stock.

Colson issued $2,000,000 of 8% convertible bonds at face value during 2014. Each $1,000 bond is convertible into 30 shares of common stock.

Instructions

Compute diluted earnings per share for 2015. Complete the schedule and show all computations.

Net Adjust- Adjusted Adjust- Adjusted

Security Income ment Net Income Shares ment Shares EPS

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Accounting Project 7 Homework 2016

Accounting Project 7 Homework 2016 in $8 only

Two companies exchange a group of manufacturing equipment as follows:

-ABC Company exchange the group of equipment items, which had an appraised value of $4,800,000, a cost of $7,590,000, and accumulated depreciation of $3,600,000 for a group of equipment items that belongs to xyz, Inc.

-XYZ Inc’s group of equipment items has an appraised value of $4,512,000, a cost of $9,030,000, and accumulated depreciation of $4,752,000.

-XYZ Inc paid $288,000 cash in the exchange transaction.

-Assume depreciation was already updated at the time of the exchange.

-Assume that management of ABC Company determined that the exchange had no commercial substance.

-Assume that management of XYZ Inc determined that the exchange had no commercial substance.

A. Prepare the entries, in T-account format, for ABC Company, using the attached T-account template (1A) (round to the nearest dollar)

B. Prepare the entries, in T-account format, for XYZ inc using the attached T-account template (1B) (round to the nearest dollar)

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Statement of Cost for Suriyat

Statement of Cost for Suriyat in $8 only

Suriyat & Co Ltd requires a statement showing the result of its production,operation for Sep. 2002. Cost records give the following information.

Raw Materials

Finished Goods

Work in Progress

1.9.2002$1,00,000

71,500

31,000

30.9.2002$1,23,500

42,000

34,500

Transactions during the month of Sep. 2002 :

Purchase of Raw MaterialsDirect WagesWorks’ Expenses

Administration Expenses

Sale of Factory Scrap

Selling and Distribution Expenses

Sales

$88,00070,000

39,500

13,000

2,000

15,000

2,84,000

Required:Statement of Cost

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Balance Sheet of HULT Company

Balance Sheet of HULT Company in $10 only

The comparative balance sheet of HULT Company, for 2014 & 2013 appears below in condensed form:

2014 2013
Cash $ 68,000 $ 42,500
Accounts receivable (net) 61,000 70,200
Inventories 121,000 205,000
Prepaid Rent

Equipment, net

2,500

359,500

4,000

246,000

$612,000 $567,700
Accounts payable $ 54,750 $ 122,250
Dividends payable 5,000 0
Common stock 425,000 350,000
Retained earnings 127,250 95,450
$612,000 $567,700

Additional data for the current year are as follows:

  • Sales of 2014 were $950,000
  • Cost of goods sold $410,000
  • Rent expense $32,000
  • Net income, $71,800.
  • Depreciation expense, $12,000

GB540 Unit 5 Assignment

GB540 Unit 5 Assignment in $31 only

GB540 Unit 5 Assignment.  SEE ATTACHMENT FOR DETAILS

NOTE:  Must be originally written.  Nothing from prior classes or anything like that.  Please follow rubric so as to assure all parts have been covered.

Thank you.

For this Assignment, you are to continue using the same Fortune 500 company you selected in Unit 4. The focus here is on its domestic (American) operations, with global issues left for Unit 6. Begin by reading through the material on economic indicators in the Webliography. Select 6-10 indicators that are of particular relevance to your firm and explain why. Next, outline a strategy for how the firm should respond to the information provided by the economic indicators with the goal of maximizing revenues in the years ahead. The Assignment is to be a minimum of five pages long (title pages, bibliographies, etc., do not count) and in APA format. A good variety of objective, high quality, current sources need to be used.

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GB540 Unit 4 Assignment

GB540 Unit 4 Assignment in $21 only

GB5410 Unit 4 Assignment. SEE ATTACHMENT FOR DETAILS

NOTE:  Must be original work.  Nothing from past classes can be used.  Please be sure rubric is followed 100%.

Select a GLOBAL Fortune 500 company (it cannot be one you work for) that operates in the United States and in other nations around the world. You will be using the same firm for the Unit 5 Assignment and the Unit 6 Final Project, so make sure it is one you are interested in and that has plenty of good sources of information available.

A) Summarize the firm’s history, its recent and current operating results, and the economic, social, and political forces that affect it most.

B) Present a brief SWOT analysis (Strengths, Weaknesses, Opportunities, Threats).

C) Discuss the factors it will need to predict, plan for, and adjust to in the future. The Assignment is to be a minimum of five pages long (title pages, bibliographies, etc., do not count) and in APA format. A good variety of objective, high-quality, current sources need to be used.

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MGT 437 Entire Course

MGT 437 Entire Course in $21 only

MGT 437 Entire Course Project Management

Following is available with the answer:

  1. MGT 437 Week 1 Individual Assignment Project Management Paper
  2. MGT 437 Week 2 Individual Assignment Achieving Project Goals Simulation
  3. MGT 437 Week 2 Learnig Team Assignment Project Proposal Paper and Presentation
  4. MGT 437 Week 3 Individual Assignment Project Management Organizational Structures Paper
  5. MGT 437 Week 3 Learnig Team Assignment Project Planning – Technical Paper
  6. MGT 437 Week 4 Individual Assignment Team Creation Paper
  7. MGT 437 Week 4 Learnig Team Assignment Project Planning – Human Capital Paper
  8. MGT 437 Week 5 Individual Assignment Performance Measurement Paper
  9. MGT 437 Week 5 Learnig Team Assignment Project Implementation, Control, and Termination Paper
  10. All Discussion Questions

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If you need any type of help regarding Homework, Assignments, Projects, Case study, Essay writing or any thing else then just email us at [email protected]solvemyquestion.com.  We will get back to you ASAP. Do not forget to maintain the time frame you need you work to be done.