Exercise 25-4, Monte Services, Inc.

Exercise 25-4, Monte Services, Inc. for $18 OnlyExercise 25-4, Monte Services, Inc.

Monte Services, Inc. is trying to establish the standard labor cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month.

Actual time spent on the oil change

2.00 hour
Hourly wage rate

$14
Payroll taxes

14% of wage rate
Setup and downtime

6% of actual labor time
Cleanup and rest periods

34% of actual labor time
Fringe benefits

27% of wage rate

(a) Determine the standard direct labor hours per oil change. (Round answer to 2 decimal places, e.g. 1.25.)

Standard direct labor hours per oil change

hours

(b) Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)

Standard direct labor hourly rate

$

Determine the standard direct labor cost per oil change. (Round answers to 2 decimal places, e.g. 1.25.)

Standard direct labor cost per oil change

$

If an oil change took 2.6 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answers to 2 decimal places, e.g. 1.25.)

Direct labor quantity variance

$

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ACC 421 Final Exam

ACC 421 Final Exam in $17 Only

Question 1

Transactions for Mehta Company for the month of May are presented below. May 1   B.D. Mehta invests $3,081 cash in exchange for common stock of Mehta Company, a small welding corporation.   3   Buys equipment on account for $1,550.   13   Pays $499 to landlord for May rent.   21   Bills Noble Corp. $569 for welding work done.

Question 2

On July 1, 2012, Crowe Co. pays $18,475 to Zubin Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Crowe Co. journalize the entry on July 1 and the adjusting entry on December 31

Question 3

Dresser Company’s weekly payroll, paid on Fridays, totals $11,000. Employees work a 5-day week. Prepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $11,000 cash payment on Friday, January 2

Question 4

Side Kicks has year-end account balances of Sales $905,610; Interest Revenue $15,980; Cost of Goods Sold $560,340; Operating Expenses $202,750; Income Tax Expense $36,890; and Dividends $20,275. Prepare the year-end closing entries

Question 5

Financial information exhibits the characteristic of consistency when…

Question on Waterbury, Inc. Manufactures

Question on Waterbury, Inc. Manufactures in $7 onlyWaterbury

Waterbury, Inc. manufactures and sells RF17, a specialty raft used for whitewater rafting. In 2015, it reported the following:
Units produces and sold:20,000
Investment$2,400,000
Full cost per unit$300
Rate of return on investment20%
Markup percentage on variable cost50%
Required:
1. (a) What was the selling price in 2015?
(b) What was the percentage mark up on full cost?
(c) What was the variable cost per unit?

ECN 510 Regression Case SP 2013

ECN 510 Regression Case SP 2013 in $14 only (Instant Download)

Check Out Free Sample Answer Given Below

Consulting Project (Applied Regression Analysis) Pricing and Production Decisions at PoolVac, Inc
Objectives of this Applied Consulting Case
Understand how to use and interpret the computerized regression output for an estimated general demand equation to advise management at Pool Vac on pricing and production decisions that are of interest to the firm, namely Pool Vac.

In order to accomplish these goals, you must Understand the theory of demand for a price-setting firm and related elasticity concepts.

Perform the following standard diagnostic checks of validity of sample regression:
o Determine whether the individual estimated parameters are statistically significant
o Evaluate how well the regression equation fits the data by Examining and interpreting the R statistic (also known as the coefficient of determination).
Determining whether the regression equation is statistically significant.

J & L Accounting, Inc.

J & L Accounting, Inc. in $52 only

The following financial statements are provided from the prior accounting period for J & L Accounting, Inc.:
a) Post-closing trial balance
b) Balance sheet
c) Income statement
d) Statement of retained earnings

J & L Accounting, Inc.
Post-Closing Trial Balance
December 31, 2012
BALANCE
ACCOUNT TITLE DEBIT CREDIT
Cash, Business Checking 20,500.00
Accounts Receivable
Prepaid Rent
Vehicles 48,000.00
Accumulated Depreciation, Vehicles 12,000.00
Equipment 3,600.00
Accumulated Depreciation, Equipment 600.00
Accounts Payable
Common Stock 38,000.00
Retained Earnings 21,500.00
Dividends
Service Revenue
Advertising Expense
Rent Expense
Office Supplies Expense
Telephone Expense
Utilities Expense
Depreciation Expense
TOTALS 72,100.00  72,100.00
J & L Accounting, Inc.
Balance Sheet
As of December 31, 2012
ASSETS
Cash, Business Checking 20,500.00
Accounts Receivable 0.00
Prepaid Rent 0.00
Vehicles 48,000.00
Less: Accumulated Depreciation, Vehicles 12,000.00 36,000.00
Equipment 3,600.00
Less: Accumulated Depreciation, Equipment 600.00 3,000.00
TOTAL ASSETS 59,500.00
LIABILITIES
Accounts Payable 0.00
TOTAL LIABILITIES 0.00
STOCKHOLDERS’ EQUITY
Common Stock 38,000.00
Retained Earnings 21,500.00
TOTAL STOCKHOLDERS’ EQUITY 59,500.00
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 59,500.00

Problem 9.7A Millar Inc

Problem 9.7A Millar Inc in $4 only

Problem 9.7A Millar, Inc., purchased a truck to use for deliveries and is attempting to determine how much depreciation expense would be recognized under three different methods. The truck cost $20,000 and is expected to have a value of $4,000 at the end of its five-year life. The truck is expected to be used at the rate of 10,000 miles in the first year, 20,000 miles in the second and third years, and 15,000 miles in the fourth and fifth years.

a. Determine the amount of depreciation expense that will be recognized under each of the following depreciation methods in the first and second years of the truck’s useful life. A full year’s depreciation will be recognized in the first year the truck is used. (Omit the “$” sign in your response.)

PennFoster06155200 – Graded Project (J&L Accounting, Inc)

PennFoster06155200 – Graded Project (J&L Accounting, Inc) in $67 only (Instant Download)PennFoster06155200 - Graded Project (J&L Accounting, Inc)

J & L Accounting, Inc. Post-Closing Trial Balance December 31, 2012 BALANCE ACCOUNT TITLE DEBIT CREDIT Cash, Business Checking 20,500.00 Accounts Receivable – Prepaid Rent – Vehicles 48,000.00 Accumulated Depreciation, Vehicles 12,000.00 Equipment 3,600.00 Accumulated Depreciation, Equipment 600.00 Accounts Payable Common Stock 38,000.00 Retained Earnings 21,500.00 Dividends Service Revenue Advertising Expense Rent Expense Office Supplies Expense Telephone Expense Utilities Expense Depreciation Expense TOTALS $72,100.00 $72,100.00 J & L Accounting, Inc. Balance Sheet As of December 31, 2012 ASSETS Cash, Business Checking 20,500.00 Accounts Receivable – Prepaid Rent – Vehicles 48,000.00 Less: Accumulated Depreciation, Vehicles 12,000.00 36,000.00 Equipment 3,600.00 Less: Accumulated Depreciation, Equipment 600.00 3,000.00 TOTAL ASSETS $59,500.00 LIABILITIES Accounts Payable – TOTAL LIABILITIES – STOCKHOLDERS’ EQUITY Common Stock 38,000.00 Retained Earnings 21,500.00 TOTAL STOCKHOLDERS’ EQUITY 59,500.00 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $59,500.00 J & L Accounting, Inc. Income Statement For the Month Ending December 31, 2012 REVENUES Service Revenue 10,275.00 EXPENSES Advertising Expense 2,300.00 Rent Expense 1,000.00 Office Supplies Expense 300.00 Telephone Expense 750.00 Utilities Expense 3,200.00 Depreciation Expense 1,100.00 TOTAL EXPENSES 8,650.00 NET INCOME $1,625.00 J & L Accounting, Inc. Statement of Retained Earnings For the Month Ending December 31, 2012 Retained Earnings, December 1, 2012 19,875.00 Add: Net Income 1,625.00 Subtotal 21,500.00 Less: Dividends – Retained Earnings, December 31, 2012 $21,500.00

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Answer is available in excel file.

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ABC, Inc. Questions

ABC, Inc. Questions $11

ABC, Inc. has a total asset turnover of 1 and a net profit margin of 5.1%. The firm has a return on equity of 21%.

Calculate Marshall’s debt ratio.
Consider a taxable bond with a yield of 9.7% and a tax-exempt municipal bond with a yield of 4.5%.
At what tax rate would you be indifferent between the two bonds?
You are given the following data for ABC Inc.: Net income = $600 Net operating profit after taxes (NOPAT) = $1,409 Total assets = $2,500 Stockholders’ equity = $1,800 Total debt = $700 Total operating
capital = $5,681 Barnes’ weighted average cost of capital is 19.8%.
What is the economic value added (EVA)? You are given the following information about ABC Company: Interest expenses = $8,104 Times Interest Earned Ratio = 2.7 times Tax Rate = 27% What is the net income?
The present value of a 17-year annuity is $151,256.
If the interest rate is 10% and payments are made at the end of each period, what is the amount of each payment?

ACC – Toy Box, Inc.,

ACC – Toy Box, Inc., in $8.50 (Instant Download)

Toy Box, Inc., is contemplating expanding sales of their children’s toys. The have an opportunity to stock and sell the X toy that has been a big hit with children everywhere. They must order the X toys from the manufacturer in a minimum order of 100 at a cost of $12 each. They could resell the X toy in their store for $22 each.

Due to anticipated demand, Toy Box, Inc., will need to hire an additional part-time cashier at $600 a month, which will be classified as a fixed-cost attributable to the X toy. In addition, they have offered a $1 sales commission per toy to their floor sales representative. Finally, they will include a package of trading cards with every purchase of an X toy, which will cost them an additional $2 each.

STR581 Final Exam (Capstone, 37/39) Part 2 Week 4

STR581 STR/581 Final Exam (Capstone, 37/39) Part 2 Week 4

STR581 Final Exam (Capstone, 37/39) Part 2 Week 4

1. How firms estimate their cost of capital: The WACC for a firm is 13.00 percent. You know that the firm’s cost of debt capital is 10 percent and the cost of equity capital is 20% What proportion of the firm is financed with debt?

2. Ajax Corp. is expecting the following cash flows – $79,000, $112,000, $164,000, $84,000, and $242,000 – over the next five years.  If the company’s opportunity cost is 15 percent, what is the present value of these cash flows? (Round to the nearest dollar.)

3. Variance reports are:

4. A cost which remains constant per unit at various levels of activity is a:

5. Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. What should the company’s bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.)

6. The convention of consistency refers to consistent use of accounting principles:

7. The major element in budgetary control is:

8. Firms that achieve higher growth rates without seeking external financing:

9. Gateway, Corp.  has an inventory turnover of 5.6.  What is the firm’s days’s sales in inventory?

Case Study Analysis: Carl Robins, New Campus Recruiter for ABC, Inc.

Case Study Analysis

Case study room in the basement of Green Hall ...

In early April, Carl Robins, the new campus recruiter for ABC, Inc., successfully recruited several new hires in spite of having been at his new job for only six months; this was his first recruitment effort. He hired 15 new trainees to work for Monica Carrolls, the Operations Supervisor. He scheduled a new hire orientation to take place June 15, hoping to have all new hires working by July.

On May 15, Monica contacted Carl about the training schedule, orientation, manuals, policy booklets, physicals, drug tests, and a host of other issues, which Carl would coordinate for the new hires. Carl assured Monica that everything would be arranged in time.

After Memorial Day, Carl was at his office and pulled out his new trainee file to finalize the paperwork needed for the orientation on June 15. While going through the files, Carl became concerned. Some of the new trainees did not have applications completed or their transcripts on file, and none of them had been sent to the clinic for the mandatory drug screen. He then searched the orientation manuals and found only three copies with several pages missing from each.

Frustrated, he went for a quick walk. Upon his return to the office, he decided to check out the training room for the orientation. There he found Joe, from technology services, setting up computer terminals. Carl reviewed the scheduling log and found that Joe had also reserved the room for the entire month of June for computer training seminars for the new database software implementation.

Carl panicked. He went back to his office, put his head on his desk, and thought to himself, “What am I going to do?”

INSTRUCTIONS: Writing the Case Analysis

In writing the case analysis, we need to combine aspects of the case and key issues with perceptions and supported opinions. Then, examine alternatives, choose the most viable solution, and provide evidence to support your views. Evidence is obtained from text readings, outside research, and personal experiences.

a. Introduction. Determine a thesis. Summarize the principal outcome of your analysis.

b. Background. Take the central problem, and place it in a context for the reader providing background information about the case. Written presentation should focus your diagnosis of the problems on the most important issues.

c. Identify Key Problems.

d. Analyze possible alternatives. Discuss these alternatives and why you rejected them in determining your solution to the case. Why are these viable alternatives?
What are the constraints (e.g. money, time, personnel, resources) imposed and the reason that you do not recommend the alternative at this time?

e. Discuss your proposed solution providing support with solid evidence. The proposed solution should be specific and realistic.

f. Recommendations for further action that might be taken to resolve some of these issues. Be specific about what should be done and who should do it. What specific strategies that the individuals in the case can do to accomplish the proposed solution.

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ACC 230 Week 6 Assignment PetMed Express, Inc.

ACC 230 Week 6 Assignment PetMed Express, Inc.

ANSWERS AVAILABLE

Price of Answer: Just US$ 3.50 only (Instant Download)

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