Reference no: EM13487603
Assignment #1
- There are 4 questions (below) that cover material from Units #1, #2 and #3.
- You are required to prepare and/or complete and then submit the appropriate financial statements.
- Clearly identify on the page footer your name and student number.
- This paper will be marked out of 50 with your overall result counting towards 10% of your final grade. Please send me your assignment through the dropbox below.
1. Delta Manufacturing Company has two Service Departments-Custodial Services and Maintenance-and three Production Departments-Cutting, Milling, and Assembly. Delta allocates the cost of Custodial Services on the basis of square metres and Maintenance on the basis of labour hours. Budgeted operating data for the year just completed follow:
Required:
a) Prepare a schedule to allocate Service Department costs to the Production Departments by the direct method, rounding all dollar amounts to the nearest whole dollar.
b) Prepare a schedule to allocate Service Department costs to the Production Departments by the step-down method, allocating Custodial Services first, and rounding all amounts to the nearest whole dollar.
2. Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38 at the 20,000-unit level of activity.Note: you need to calculate a total cost
Assume that all of the activity levels mentioned in this problem are within the relevant range.
Required: Predict the following items for Mateo Company:
a) Variable cost per unit.
b) Total fixed cost per period.
c) Total expected costs at the 18,000-unit level of activity
3. The 4 x 4 Shop is a large retailer of equipment for pickup trucks. An income statement for the company's Bed Liner Department for the most recent quarter is presented below:
The liners sell, on average, for $350 each. The department's variable selling expenses are $35 per liner sold. The remaining selling expenses are fixed. The administrative expenses are 25% variable and 75% fixed. The company purchases its liners from a supplier at a cost of $125 per liner.
Required: Prepare an income statement for the quarter, using the contribution approach.
Q4.) Mahugh Company, which has only one product, has provided the following data concerning its most recent month of operations:
For you to answer:
a) What is the unit product cost for the month under variable costing?
b) What is the unit product cost for the month under absorption costing?
c) Prepare an income statement for the month using the contribution format and the variable costing method.
d) Prepare an income statement for the month using the absorption costing method.
e) Reconcile the variable costing and absorption costing operating incomes for the month.
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Predict the following items for mateo company
: Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38 at the 20,000-unit level of activity.Note: you need to calculate a total cost.
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Prepare a schedule to allocate service department costs
: Prepare a schedule to allocate Service Department costs to the Production Departments by the direct method, rounding all dollar amounts to the nearest whole dollar.
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Find the value of the eccentricity of the orbit
: Suppose that the Earth's orbit around the Sun is perfectly circular. Employing conservation arguments, find the value of the eccentricity e of the orbit
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Determine the nature of the orbit after the collision
: A comet of mass m, following a trajectory that is a a parabola about the sun, collides with an equal mass at rest, determine the nature of the orbit after the collision
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What is unit product cost for month under variable costing
: Mahugh Company, which has only one product, has provided the following data concerning its most recent month of operations.
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Determine the earnings per share on common stock
: Determine the earnings per share on common stock, assuming income before bond interest and income tax is $2,000,000.
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How far does the box slide after the worker stops pushing
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Define ozonolysis of a single enantiomer of r produces
: Ozonolysis of a single enantiomer of R produces S, an acyclic, optically active ketoaldehyde of formula C6H10O2. Propose a structure for compounds Q,R, and S and show how your structures would react appropriately to give these results.
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What is the magnitude of the foce that is exerted
: A cube is floating in a lake. IT is observed that 0.4 m of the cube is underwater with the remaining 0.1 m above. The density of water is 1000 kg/m^3. what is the magnitude of the foce that is exerted
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