Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 5,000 skis and 6,000 pounds of carbon fiber will be in inventory on June 30 of the current year and that 150,000 skis will be sold during the next (third) quarter. A set of two skis sells for $ 300. Management wants to end the third quarter with 3,500 skis and 4,000 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $ 15 per pound. Each ski requires 0.5 hours of direct labor at $ 20 per hour. Variable overhead is applied at the rate of $ 8 per direct labor hour. The company budgets fixed overhead of $ 1,782,000 for the quarter.
Required:
1. Prepare the third quarter production budget for skis.
2. Prepare the third quarter direct materials (carbon fiber) budget; include the dollar cost of purchases.
3. Prepare the direct labor budget for the third quarter.
4. Prepare the factory overhead budget for the third quarter.
A manufacturing set-up has an expected usage of 50,000 units of a certain product during the next year. The cost of processing an order is $ 20 and the carrying cost per unit is $ 0.50 for one year. Lead time on an order is 5 days and the company wil..
Evaluate journal entry for the first installment payment on December 31, 2013.
In your opinion, why is accounting for a manufacturing business more complicated than accounting for a merchandising business and provide three examples each of materials, labor costs, and factory overhead.
Using the given balance sheet, prepare a common size balance sheet - Using the given information prepare a common size income statement:
Calculate the target cost required for VIP-MD to maintain its current market share and profit per enrollee in 2010. Calculate new target cost assuming again that VIP-MD wants to maintain the same profit per enrollee as in 2010.
The Marcus Corporation purchased a piece of new equipment in January 2009 for $120,000. The equipment was depreciated using the straight line method over an 8 year life without a salvage value.
Explain the difference between a Product cost and a Period cost. What potential problems does an inaccurate classification of product and period costs cause?
What is pro forma reporting according to regulation SX of the SEC? How has pro forma reporting been used by corporations over the years? Summarize the arguments for and against this type of reporting.
1. explain the term product costing?2. give a brief overview of the subsequent funding modelsa.cost based
Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $250,000 and will yield the following expected cash flows. Management requires investments to have a payback pe..
Calculate the actual cost per pound of fiberglass purchased during August and calculate the direct materials purchase price variance for August.
Prepare journal entries to record transactions and events - Clarion Contractors completed the transactions and events involving the purchase and operation of equipment in its business.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd