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!
Problem - Yarn Company produces two different Yarn products, Cotton Yarn (Product A) and Wool Yarn (Product B). Yarn Company uses a traditional volume-based costing system in which direct labor hours are the allocation base. Yarn Company is considering switching to an ABC system by splitting its manufacturing overhead cost of $3,600,000 across three activities: Engineering, Manufacturing, and Inspection. Under the traditional volume-based costing system, the predetermined overhead rate is $7.00/direct labor hour. Under the ABC system, the rate for each activity and usage of the activity drivers are as follows:
Activity Rate
Usage by Cotton Yarn (Product A)
Usage by Wool Yarn (Product B)
Engineering (Engineering Hours)
$460/hour
4,000
18,000
Manufacturing (Direct Labor Hours)
$1.00
1,400,000
Inspection (Batches)
$840
3,000
9,000
Required -
a. Calculate the indirect manufacturing costs assigned to Cotton Yarn under the traditional costing system.
b. Calculate the indirect manufacturing costs assigned to Wool Yarn under the traditional costing system.
c. Calculate the indirect manufacturing costs assigned to Cotton Yarn under the ABC system.
d. Calculate the indirect manufacturing costs assigned to Wool Yarn under the ABC system
e. Which product is under-costed and which is over-costed under the volume-based cost system compared to ABC?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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