Purchase Date Apr. 9 May 1 Total on hand Quantity 80 45 125 Unit Cost $ 1,500 $ 1,600 Total Cost $120,000 72,000 $192,000
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- CengageNOWv2 | Online teachin x Grades for Gabriela Maldonado: X + m/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Show Me How Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $188 per unit during the current year. Its in Sales $188,000,000 Cost of goods sold (100,000,000) Gross profit $88,000,000 Expenses: Selling expenses $16,000,000 Administrative expenses 12,000,000 Total expenses (28,000,000) Operating income $60,000,000 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 70% 30% Selling expenses 75% 25% Administrative 50% 50% expenses Management is considering a plant expansion program for the following year that will permit an increase of $11,280,000 in yearl $5,000,000 but will not affect the relationship between sales and variable costs. Required: 1. Determine the total variable costs and…On May 10, Hudson Computing sold 90 Millennium laptop computers to Apex Publishers. At thedate of this sale, Hudson's perpetual inventory records included the following cost layers for theMillennium laptops: Purchase DateApr. 9May 1Total on hand Quantity Unit Cost 70 30 $1,500$1,600 100 Total Cost$105,000 48,000$153,000 Prepare journal entries to record the cost of the 90 Millennium laptops sold on May 10, assumethat Hudson Computing uses the:a. Specific identification method (62 of the units sold were purchased on April 9, and the tmaining units were purchased on May 1).b. Average-cost method.c. FIFO method.d. LIFO method.e. Discuss briefly the financial reporting differences that may arise from choosing the FlFOmethod over the LIFO method.MyUSF X My Home CengageNOWv2 | Online teachin X - ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=D&inpro... o Snipe Company has been purchasing a component, Part Q, for $19.20 per unit. Snipe is currently operating at 70% of capacity, and no signific. increase in production is anticipated in the near future. The cost of manufacturing a unit of Part Q is estimated as follows: Direct materials $11.50 Direct labor 4.50 Variable factory overhead 1.12 Fixed factory overhead 3.15 Total $20.27 Prepare a differential analysis report dated March 12 of the current year. Round your answers to two decimal places. If an amount is zerO "o". Differential Analysis Make (Alternative 1) or Buy (Alternative 2) Part Q March 12 Differential Effects Buy Make Part Q (Alternative 1) (Alternative 2) (Alternative 2) Part Q Unit costs: Direct labor Directhaterials Variable operating expenses
- On January 15, 2024, Sports World sold 1,000 Ace-5 fishing reels to Angler's Warehouse. Immediately prior to this sale, Sports World perpetual inventory records for Ace-5 reels included the following cost layers: Purchase Date December 12, 2023 January 9, 2024 Total on hand Quantity 600 900 1,500 2. Average cost. 3. FIFO. 4. LIFO. Unit Cost $29 32 Required: a. Prepare a separate journal entry to record the cost of goods sold relating to the January 15 sale of 1,000 Ace-5 reels, assuming that Sports World uses: Total Cost $ 17,400 28,800 $.46,200 1. Specific identification (500 of the units sold were purchased on December 12, and the remaining 500 were purchased on January 9). 1. Specific identification method. 2. Average cost method. 3. First-In, First-out (FIFO) method. 4. Last-in, First-out (LIFO) method. b. Complete a subsidiary ledger record for Ace-5 reels using each of the four inventory valuation methods listed above. Your inventory records should show both purchases of this…b) Write Excel Formulas for given data sheet A B D E 1 Product Product Price per Sales tax(10% |Net Price No item of price) ? name 2 1 Mouse 5000 keyboard joyStick 3 1000 4 3 1500 4 VGA cable 800 6. Monitor 15000 Total price of all items 5% concession on total price 7 ? 8 ? 9. Total bill ? Dage 213ge 4 of 16)-Mozilla Firefox arn.squ.edu.om/mod/quiz/attempt.php?attempt3D1893449&cmid%3D891193&page%33 ING SYSTEM (ACADEMIC) Time left 1:45:3 Mazoon Company's variable costs are 70% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? O a. $1.66 O b. None of the given answers $2.38 O d. $5.56 O e. $4.44 Masirah Company sold 5,000 units of its product resulting in $70,000 of sales revenue, $25,000 of variable costs, and $14,000 of fixed costs. If variable costs decrease by $1 per unit, the new margin of safety in units is: O a. 3,600 units
- Question Viewer iufacturing bought three used machines in a $164,000 lump-sum purchase. An independent appraiser valued the machines as shown: (Click on the icon to view the appraised values.) Read the requirement. What is each machine's individual cost? (Round decimals to three places when calculating proportions, and use your computed percentages in all calculations.) Machine 1's cost is Data table Appraised Value Machine No. 1 62,000 Machine No. 2 48,000 Machine No. 3 90,000 Print Done - ☑Check Exercise 6-15 (Algo) Approaches for estimating stand-alone selling prices (LO6-6) Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $2,110 and sells the remote separately for $280, and offers the entire package for $2,620. VP does not sell the installation service separately. VP is aware that other similar vendors charge $330 for the installation service. VP also estimates that it incurs approximately $280 of compensation and other costs for VP staff to provide the installation service. VP typically charges 40% above cost on similar sales. ok ht nt Required: 1. to 3. Calculate the stand-alone selling price of the…Lauer Corporation has provided the following information about one of its laptop computers: Number Date Transaction of Units Cost per Unit 1/1 Beginning Inventory 210 910 5/5 Purchase 310 $4 1,010 8/10 Purchase 410 $4 1,110 10/15 Purchase 255 $4 1,160 During the year, Lauer sold 1,025 laptop computers. What was ending inventory using the FIFO cost flow assumption? Multiple Cholce $145,600. $165,600. $185,100. $185,600.
- tests.mettl.com/test-window/f55ac827#/testWindow/0/13/1 EY Accounting Assessment Total 00:55:04 Finish Te Section 1 of 1 Section #1 v 5 6 10 11 12 8. 9. 13 14 15 14 of 45 All 2 43 Question # 14 G Revisit Choose the best option The following costs were among those incurred by Woodcroft Corporation during 2007 Merchandise purchased for resale $500,000, Salesmen's commissions 40,000, and Interest on O $500,000 O $505,000 notes payable to vendors 5,000. How much should be charged to the cost of the merchandise purchases? $540,000 O $545,000 Prey Queston Next Questic +91-82878-03040 Zaineh Support +1-650-924-9221 413 PM meti 1/16/2021 Tyne bere to searchOn May 10, Hudson Computing sold 90 Millennium laptop computers to Apex Publishers. At the date of this sale, Hudson’s perpetual inventory records included the following cost layers for the Millennium laptops. Purchase Date Quantity Unit Cost Total Cost Apr. 9 70 $ 1,500 $ 105,000 May 1 30 $ 1,600 48,000 Total on hand 100 $ 153,000 Prepare journal entries to record the cost of the 90 Millennium laptops sold on May 10, assuming that Hudson Computing uses the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Specific identification method (62 of the units sold were purchased on April 9, and the remaining units were purchased on May 1). b. Average-cost method. c. FIFO method. d. LIFO methodWayside Corporation has provided the following information about one of its laptop computers: Number of Cost per Units 100 200 300 200 Date 1/1 Beginning Inventory Purchase 5/5 8/10 Purchase 10/15 Purchase Transaction Unit $400 $450 $500 $550 During the year, Wayside sold 750 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?