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!
Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Graven, controller, is liable for preparing Greiner's master budget and has assembled the subsequent data for 2013. The direct labor rate includes wages, all employee-related benefits, and the employer's share of FICA. Labor saving machinery will be fully operational by March. Also, as of 1st March, the company's union contract calls for an increase in direct labor wages that is included in the direct labor rate. Greiner expects to have 5,600 glare filters in inventory at 31st December, 2013, and has a policy of carrying 35 percent of the subsequent month's projected sales in inventory.2013January February March AprilEstimated Unit sales 36,000 34,500 39,000 38,600Sales price per unit $80 $80 $75 $75Direct labor hours per unit 3.0 3.0 2.5 2.5Direct labor hourly rate $18 $18 $20 $20Direct materials cost per unit $9 $9 $9 $9
Required1. Prepare the subsequent monthly budgets for Greiner Company for first quarter of 2013. Be sure to show supporting calculations.a. Production budget in unitsb. Direct labor budget in hoursc. Direct materials cost budgetd. Sales budget
2. Determine the total budgeted contribution margin for Greiner Company by month and in total for the first quarter of 2013. Be sure to show supporting calculations.
At the starting of 2014, the CFO decided to change to straight-line depreciation method and evaluate the depreciation expense for 2014.
Dotty's insurance company reimbursed therefore $8,800 of these expenses. If Dotty's AGI is $47,200, evaluate her medical expense deduction.
Determine the minimum price per unit the company should accept
What does Freddy have to expect in court.
How much ending inventory of plastic should be reported on the company's balance sheet at September 30
Determine the operating income for the olive oil division using your recommendation.
Balanced Scorecard measures, low-total-cost value proposition; Check an organization with the low-total-cost value proposition and suggest within each of the four Balanced Scorecard perspectives
Understand the accounting for research and development
The bank will charge a 2 % finance charge on the amount of receivables transferred. The bank will collect receivables straight from customers. The sale criteria are met.
the tax rate is 40 percent and the firm uses straighline depreciation. Any gain or loss on the machine is subject to tax at 40 %.
Evaluate the basic EPS and the diluted EPS for Peak Performance
Evaluate the allocation of the acquisition price to undervalued assets and Goodwill Evaluate the amounts of 4 years' excess depreciation/amortization for the undervalued assets, from 2009-2012
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