What amount of maintenance services total cost is allocated

Assignment Help Financial Management
Reference no: EM132385766

Question

During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $10.00 per unit, fixed costs of $95,000, and net income of $40,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)

Towson Company manufactures book cases, and each requires 38 board feet of lumber. Towson expects that 2,000 and 1,650 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 30% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)

Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.) Annapolis uses a direct allocation method where service departments are allocated only to production departments. All allocations are based on total employees. Computer Operations has costs of $110,000 and Maintenance Services has costs of $115,000 before any allocations. What amount of Maintenance Services total cost is allocated to the Packaging Department? (round to closest whole dollar) Employees are:

Computer Operations 3

Maintenance Services 4

Mixing Department 4

Packaging Department 6

Reference no: EM132385766

Questions Cloud

What is the amount of dividends received by stockholders : Whispering Winds Corp. has 9500 shares of 5%, $100 par value, cumulative preferred stock and 19000 shares of $1 par value common stock outstanding.
How many units were in its ending work in process inventory : An additional 311,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.
What were the equivalent units for conversion costs : B Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 5,000 units.
Compute the equivalent units of production for both material : Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.
What amount of maintenance services total cost is allocated : Annapolis uses a direct allocation method where service departments are allocated only to production departments. All allocations are based on total employees.
Calculate the salary deduction if falcon is a cash basis tax : Falcon, Inc., paid salaries of $500,000 to its employees during its first year of operations. At the end of the year, Falcon had additional unpaid salaries.
Determine the number of units of kites that ocean city kite : Ocean City Kite Company manufactures & sells kites for $9.00 each. The variable cost per kite is $3.00 with the current annual sales volume of 90,000 kites.
What was the cash balance on november 1 : During the month of November, Duffee Company had cash receipts of $3,500 and paid out $1,000 for expenses. What was the cash balance on November 1?
Compute windsors june 30-2017 inventory : Compute Windsor's June 30, 2017, inventory under the conventional retail method of accounting for inventories. assume that you computed the June 30, 2017.

Reviews

Write a Review

Financial Management Questions & Answers

  Establishing and implementing their on-line business

What are some of the revenue strategy issues companies face in establishing and implementing their on-line business? How are these issues mitigated?

  Traditional paid media outlets like television commercials

Looking forward to next year, Zyco Corp is thinking about investing in an advertising plan to burnish their products image: thinking traditional paid media outlets like television commercials and non-traditional with a social media based campaign usi..

  What is the nominal tax savings from depreciation

What is the annual real pre-tax Net Returns in the third year? What is the nominal tax savings from depreciation?

  Find the maximum capital budget

Find the maximum capital budget that the firm can accept this year.

  Malaysian targets value based on stock price

What is the $ amount of Malaysian target’s value based on its stock price?

  What is the market price of the bond

The bond matures in 18 years, with a yield to maturity of 3.81 percent, and a par value of $5,000. What is the market price of the bond?

  Jerry and kramer enter contract

Jerry and Kramer enter a contract for Jerry to buy Kramer’s pet rooster for $ 30. Can Kramer cancel the contract?

  Project to improve its production efficiency

Massey Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $520,000 is estimated to result in $215,000 in annual pretax cost savings. The press falls in the MACRS five-year class, and i..

  Determine the maximum amount he could withdraw

A man wants to deposit $50,000 now and $60,000 at the end of six years in a bank that pays 12% interest compounded semi annually. He wants to withdraw an amount every year for the first six years and to withdraw exactly $1,500 more for the following ..

  Retirement in order to be able to fund your retirement

At your age (assume 20) you can assume that you will live to be 100. If you graduate at 23 and start to work, you can expect to work for 47 years, until age 70. At that time you will be eligible for full Social Security benefits, which can reasonably..

  Current assets management involves the management of cash

Current assets management involves the management of cash, marketable securities, accounts receivable and inventory.

  What is yield to maturity

Peter Griffin has a bond issue outstanding with 9 years remaining to maturity, what is the yield to maturity?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd