Geoffrey is looking for a safe investment for $3,000 he received as a bonus. He is looking for an investment that will also help him deal with the effects of inflation. Which of the following options would you recommend that Geoffrey invest in?

a. Series EE bonds.
b. Series I bonds.
c. Commercial paper.
d. Junk bonds.

Answers

Answer 1

Answer:

Hence the correct option is option b. Series I bonds.

Explanation:  

Series I bonds are going to be completing a fixed-rate Plus and adjustable-rate which can be adjusted with the inflation so if he's trying to find investment into a bond he should be choosing with series I Bonds, which can be adjusted with inflation effect.  

The correct option is b) Series I bonds.

Answer 2

Series I bonds will have a fixed interest rate plus an interest on the outstanding that will be adjusted without inflation, thus if he is searching for a bond to participate in, he will have to go with series I bonds, which will then be modified with inflation.

All of the other possibilities are untrue.

Alternative (B) Series I bonds is the correct answer.

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Related Questions

If Company A has a lower debt ratio than Company B, then Company A is likely to have __________ than Company B.
a. a higher level of financial risk
b. a greater ability to borrow
c. more total assets
d. less financial flexibility

Answers

Answer:

b. a greater ability to borrow

Target is going to reduce its annual dividend by 10 percent a year for the next two years. After that, it will maintain a constant dividend of $2 a share. Last year, the company paid an annual dividend of $3 per share. What is the market value of this stock today if the required return is 13.7 percent

Answers

Answer: $15.55

Explanation:

The price of the stock will be the sum of the present values of the dividends and the present value of the terminal value at year 2.

Present value Dividend 1                                  Present value of Dividend 2

= (3 * (1 - 10%)) / (1 + 13.7%)                                   = (3 * (1 - 10%)²) / (1 + 13.7%)²

= $2.37467                                                           = $1.879686162

Present value of terminal value.

The dividend will be constant forever so this is a perpetuity:

Terminal value = Dividend / Required return

= 2 / 13.7%

= $14.59854

Present value = 14.59854 /  (1 + 13.7%)²

= $11.2924582814

Market value = 2.37467 + 1.879686162 + 11.2924582814

= $15.55

In Coronado Company, the Cutting Department had beginning work in process of 5100 units, transferred out 24800 units, and had an ending work in process of 3000 units. How many units were started by Coronado during the month

Answers

Answer:

The answer is "22700 units"

Explanation:

[tex]\text{Processed work} =5100\\\\\text{Outer Transfers} =24800\\\\\text{Process in the ending work} =3000\\\\\text{The amount started units \ :}[/tex]

[tex]=24800+3000-5100\\\\=27800-5100\\\\=22700 \ units[/tex]

A company has a degree of operating leverage of 2.5. If sales increase by 10%, then profits will: Multiple choice question. increase by 25% increase by 10% decrease by 10% decrease by 25%

Answers

Answer:

. increase by 25% increase

Explanation:

The degree of operating leverage (DOL) measures the sensitivity of a company's operating income or profits to changes in the demand

DOL = percentage change in operating income or profits / percentage change in units sold

2.5 = percentage change in operating income / 10%

percentage change in operating income  = 10% x 2.5 = 25%

profits will increase by 25%

Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (4,500 units) $ 180,000 Variable expenses 81,000 Contribution margin 99,000 Fixed expenses 45,000 Net operating income $ 54,000 If the company sells 4,600 units, its total contribution margin should be closest to

Answers

Answer: its total contribution margin should be closest to $ 266,800.

Explanation:

Contribution = (Sales )+  (Variable expenses)

= $180,000+ $81,000

= $261,000

Contribution margin ratio = Contribution  divided by Sales

= [tex]\dfrac{261000}{180000}[/tex]

= 1.45

Now Contrbution for 4,600 units = [tex]\dfrac{Sales\ for \ 4500\ units\times 4600}{4500}\times 1.45[/tex]

[tex]=\dfrac{180000\times4600}{4500}\times1.45\\\\\\=266800[/tex]

its total contribution margin should be closest to $ 266,800.

Mary incurred a $20,000 nonbusiness bad debt last year. She also had an $18,000 long-term capital gain last year. Her taxable income for last year was $25,000. During the current year, she unexpectedly collected $12,000 on the debt. How should Mary account for the collection

Answers

Answer: $12000 income.

Explanation:

It should be noted that non business bad debts are regarded as short term capital loss. In the question given, the $18000 long-term capital gain will have to be offset against the bad debt of $20000.

In this case, the tax benefit will be $18000, therefore $12000 will be recognized as the income.

Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:

Beginning work in process (30% complete) 80,000
Direct materials $80,000
Conversion cost 190,000
Total cost of beginning work in process $270,000
Number of units started 152,000
Number of units completed and transferred to finished goods ?
Ending work in process (50% complete) 68,000
Current period costs
Direct materials $180,000
Conversion cost 314,000
Total current period costs $494,000

Required:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the cost per equivalent unit.

Answers

Answer:

The solution to these questions can be defined as follows:

Explanation:

For point a:

                                     [tex]Physical \ units\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Physical\ units[/tex]

[tex]Beginning\ units\ \ \ \ \ \ \ \ \ \ \ \ 80000\ \ \ \ \ \ \ \ \ \ \ \ Units\ completed \ \ \ \ \ \ \ \ \ \ \ \ 164000\\\\Units \ started\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 152000\ \ \ \ \ \ \ \ \ \ \ \ Ending\ units\ \ \ \ \ \ \ \ \ \ \ \ \ \ 68000\\\\Total\ units\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 232000\ \ \ \ \ \ \ \ \ \ \ \ Total \ units \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 232000\\\\[/tex]

For point b:

                                  [tex]Equivalent\ units[/tex]

                                 [tex]Physical\ units \ \ \ \ \ \ \ \ \ \ Direct \ materials\ \ \ \ \ \ \ \ \ Conversion[/tex] [tex]Units \ completed\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 164000\ \ \ \ \ \ \ \ \ \ \ \ 164000\ \ \ \ \ \ \ \ \ \ \ \ 164000 \\\\Ending \ inventory\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 68000\ \ \ \ \ \ \ \ \ \ \ \ 68000\ \ \ \ \ \ \ \ \ \ \ \ 34000\\\\Total \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 232000 \ \ \ \ \ \ \ \ \ \ \ \ 232000\ \ \ \ \ \ \ \ \ \ \ \ 198000[/tex]

Bill is promoted to a position that has an elevated level of trust. He started with the organization in an entry-level position, and then moved to a supervisory position and finally to a managerial role. This role entails that the employee trains other employees and has a deep understanding of how the department functions. Which of the following actions should be taken that provide adequate access for Bill without making him a target of suspicious activity?

a. Because Bill needs to train other employees, he should have the access granted in his previous roles.
b. Bill should be granted access based on his current and past roles.
c. Bill should request that his access be downgraded.
d. Bill should have prior access removed to ensure separation of duties and avoid future instances of security risk.

Answers

Answer: D. Bill should have prior access removed to ensure separation of duties and avoid future instances of security risk

Explanation:

The action that should be taken which provides adequate access for Bill without making him a target of suspicious activity is that Bill should have prior access removed to ensure separation of duties and avoid future instances of security risk.

Separation of duties simply means that an individual should not have control over the transactions in the company.

he reconcile a transaction. This is vital in reducing risk in an organization.

Since Bill started with the organization in an entry-level position, after which he moved to the supervisory position and finally to a managerial role, his prior access should be removed.

Prepare journal entries to record each of the following four separate issuances of stock.
1. A corporation issued 8,000 shares of $20 par value common stock for $192,000 cash.
2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has a $1 per share stated value.
3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has no stated value.
4. A corporation issued 2,000 shares of $50 par value preferred stock for $158,500 cash.

Answers

Answer: Please see explanation column for answers

Explanation

1.To record the issue of 8,000 shares of $20 par value.

Account titles and explanation                     Debit                  Credit

Cash Account                                            $192,000

 Common Stock( 8,000 shares x $20)                                   $160,000                                                            $160,000

 Paid-in In Excess of Par                                                           $32,000

2. To record the issue of 4,000 shares of $1 stated value.

Account titles and explanation                     Debit                  Credit

Retained Earnings                                       $4,000

Common Stock                                                                          $4,000

3. To record the issue of 4,000 shares of no stated value.

Account titles and explanation                     Debit                    Credit

Retained Earnings                                    $58,500

Common Stock                                                                           $58,500

4.To record the issue of 2,000 shares of $50   par value.

Account titles and explanation                     Debit                  Credit

Cash                                                              $158,500

Preferred Stock( 2,000 shares x $50)                                      $100,000

Paid-in In Excess of Par                                                              $58,500

Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $670,000, Allowance for Doubtful Accounts has a debit balance of $6,000, and sales for the year total $3,020,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $21,000. a. Determine the amount of the adjusting entry for uncollectible accounts. $fill in the blank 1 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable $fill in the blank 2 Allowance for Doubtful Accounts $fill in the blank 3 Bad Debt Expense $fill in the blank 4 c. Determine the net realizable value of accounts receivable. $fill in the blank 5

Answers

Answer:

a. $27,000

b. $670,000

$21,000

$27,000

c.$649,000

Explanation:

a. Calculation to determine the amount of the adjusting entry for uncollectible accounts

Using this formula

Adjusting entry for Uncollectible accounts = Allowance for Doubtful Accounts - Debit balance on Allowance for doubtful accounts

Let plug in the formula

Adjusting entry for Uncollectible accounts= $21,000 + $6,000

Adjusting entry for Uncollectible accounts= $27,000

b. Calculation to determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.

Accounts Receivable = $670,000

Allowance for Doubtful Accounts = $21,000

Bad Debt Expense =$21,000 + $6,000

Bad Debt Expense= $27,000

c. Calculation to determine the net realizable value of accounts receivable

Using this formula

Net realizable value of accounts receivable = Accounts receivables - Allowance for Doubtful Accounts

Let plug in the formula

Net realizable value of accounts receivable= $670,000 - $21,000

Net realizable value of accounts receivable= $649,000

Therefore the net realizable value of accounts receivable is $649,000

A materials requisition slip showed that direct materials requested were $58,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is:___________A) Work In Process Inventory 58,000Raw Materials Inventory 58,000B) Direct Materials 58,000Indirect Materials 9,000Work in Process Inventory 67,000C) Manufacturing Overhead 67,000Raw Materials Inventory 67,000D) Work In Process Inventory 58,000Manufacturing Overhead 9,000Raw Materials Inventory 67,000

Answers

Answer:

Work In Process Inventory 58,000Manufacturing Overhead 9,000Raw Materials Inventory 67,000

Explanation:

Account titles and explanation           Debit                    Credit

Work In Process Inventory              $58,000

Manufacturing overhead                    $9,000

Raw Materials Inventory                                                 $67,000

Direct  Materials from the storeroom is recorded as  work in process Inventory and is debited, Also Indirect materials is recorded as manufacturing overheads and debited. This should correspond with a  credit to the  raw material inventory.  

Notes Receivable differ from Accounts Receivable in that Notes Receivable: A. are generally considered a weaker legal claim B. do not have to be created for every new transaction, so they are used more frequently C. are noncurrent assets D. generally charge interest from the day they are signed to the day they are collected

Answers

Answer: D. generally charge interest from the day they are signed to the day they are collected

Explanation:

The notes receivable refers to the written promise that an amount of money will be received at a future date.

It should be noted that such money consist of the principal and the interest accrued. It is written under the current assets section in the balance sheet.

On the other hand, the accounts receivable refers to the payment that a company will receive from the customers who have bought its goods on credit.

While the nite receivable charges interest, the account receivable doesn't. Therefore, notes receivable differ from accounts receivable in that notes receivable generally charge interest from the day they are signed to the day they are collected.

Runners Feet, a shoe store, orders one hundred pair of athletic shoes from Speedster Inc. Absent a contrary agreement between the parties, title will pass to Runners Feet when:_________

a. the parties sign the contract.
b. Speedster physically delivers the goods.
c. Runners pays for the goods.
d. the goods exist and are identified.

Answers

Answer: Speedster physically delivers the goods.

Explanation:

Since there's no contrary agreement between both Runners Feet and Speedster, then title will pass to Runners Feet when Speedster physically delivers the goods.

It should be noted that ownership of goods and services are transferred when goods are delivered to the customer or the buyer of the goods which is Runners Feet in this case.

Suppose a bank has $400 million in deposits and $25 million in required reserves, and it is holding no excess reserves. What is the required reserve ratio?

Answers

Answer:

the required reserve ratio is 6.25%

Explanation:

The calculation of the required reserve ratio is given below:

Required reserve ratio is

= required reserves ÷ deposits

= $25 ÷ $400

= 0.0625

= 6.25%

Hence, the required reserve ratio is 6.25%

The same is to be relevant and considered too

Black, Inc., acquired another company for $5,000,000. The fair value of all identifiable tangible and intangible assets was $4,500,000. Black will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition

Answers

Answer:

The correct answer is "Zero (0)".

Explanation:

An applies specifically asset which is responsible for a different corporation's or business's extra purchasing amount, is considered as Goodwill.Goodwill commodities are confidential, intellectual properties or copyright and trademark awareness that aren't commonly produced. Therefore it isn't amortized.

Thus, the above is the appropriate solution.

A practitioner is engaged to prepare a client's federal income tax return for 20X1 and 20X2. The practitioner files the 20X1 return on the client's behalf and provides copies of the 20X1 return and all related documents to the client. After the 20X2 return is prepared, the client disputes the fees for the 20X2 tax engagement, terminates the relationship, and requests all tax returns and related records. The client has not yet paid for preparation of the 20X2 return. Under IRS Circular No. 230, which records must the practitioner return to the client

Answers

Question Completion with Options:

A.) Notes the practitioner took when meeting with the client about the 20X1 and 20X2 tax returns.

B.) The engagement letter executed by the client for preparation of the 20X2 federal income tax return.

C.) An appraisal the practitioner prepared in connection with the 20X1 federal income tax return.

D.) Schedules the practitioner prepared, which the client needs to file in its 20X2 federal income tax return.

Answer:

Under IRS Circular No. 230, the records the practitioner must return to the client are:

D.) Schedules the practitioner prepared, which the client needs to file in its 20X2 federal income tax return.

Explanation:

Under IRS Circular No. 230, the practitioner must, at the request of a client, promptly return all records to enable the client to comply with his or her Federal tax obligations. However, the practitioner may retain copies of the records returned to the client. This means that the fees dispute does not stop the practitioner from returning records to the client.

At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally sells for $45. A foreign wholesaler offers to buy 3,000 units at $25 each. Bargain Electronics will incur special shipping costs of $3 per unit. Assuming that Bargain Electronics has excess operating capacity, indicate the net income (loss) Bargain Electronics would realize by accepting the special order.

Answers

Answer:

Bargain Electronics

Bargain Electronics would realize a net income of $6,000 by accepting the special order.

Explanation:

a) data and Calculations:

Production costs of MP3 Player:

Variable cost = $20

Fixed cost = $10

Total costs = $30

Selling price = $45

Special order from a foreign wholesaler = 3,000 units

Special order selling price = $25 per unit

Additional special shipping costs per unit = $3

Variable production costs =  $20

Total costs for the special order = $23 ($3 + $20)

Net income from special order = $6,000 ($2 * 3,000)

Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of producing the 8,900 units of the part that are needed every year.

Per Unit
Direct materials $8.20
Direct labor $4.60
Variable overhead $9.10
Supervisor's salary $3.40
Depreciation of special equipment $2.90
Allocated general overhead $1.60

An outside supplier has offered to make the part and sell it to the company for $28.00 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $4,600 of these allocated general overhead costs would be avoided. In addition, the space used to produce part Q89 could be used to make more of one of the company's other products, generating an additional segment margin of $17,800 per year for that product.

Required:
Prepare a report that shows the financial impact.

Answers

Answer:

Recher Corporation

Differential Analysis:

                                      Make           Buy          Difference

Total variable costs  $225,170    $249,200      ($24,030)

General overhead         4,600                                 4,600

Additional segment margin             (17,800)          17,800

Total costs              $229,770     $231,400          ($1,630)

Recher should continue making the part.  It will incur $1,630 additional cost to buy it from the outside supplier than making it in-house.

Explanation:

a) Data and Calculations:

Annual units of Q89 required = 8,900

                                                          Per Unit

Direct materials                                   $8.20

Direct labor                                         $4.60

Variable overhead                              $9.10

Supervisor's salary                             $3.40

Depreciation of special equipment  $2.90

Allocated general overhead              $1.60

Relevant costs:

Direct materials                                   $8.20

Direct labor                                         $4.60

Variable overhead                              $9.10

Supervisor's salary                             $3.40

Variable costs per unit                    $25.30

Total variable costs                           $225,170 (8,900 * $25.30)

Avoidable general overhead                 4,600

Total avoidable production costs = $229,770

Cost of purchasing from outside supplier = $249,200 (8,900 * $28.00)

less additional segment margin                          17,800

Net avoidable purchase costs                        $231,400

Your friend Lorenzo is trying to decide on a career path. He has narrowed down his search to two choices. Before he selects a major, he wants to know more about the two careers and the skills needed for each profession. What advice would you give Lorenzo

Answers

Answer:

Interview someone in each of your chosen fields.

Explanation:

In the context, my friend Lorenzo wants advice from me regarding career choices. He has somehow researched and narrowed down the choices to two  choices. Lorenzo wants to know more about the major and the skills required for each of the profession.

I would suggest him to interview someone experience person in this field and get insights from him. It will provide Lorenzo a better understanding of the major selection and it will also create a blueprints of the future paths.

Gross pay is: Multiple Choice Deductions withheld by an employer. Salaries after taxes are deducted. Total compensation earned by an employee before any deductions. Take-home pay. The amount of the paycheck.

Answers

Answer:

Total compensation earned by an employee before any deductions.

Explanation:

Gross pay is the total compensation earned by an employee before any deductions.

Net pay is the compensation after taxes and other deductions are removed

An effective minimum wage law can be expected to clear the market for unskilled workers. increase employment for some affected workers. increase the number of firms in those industries where the law is effective. reduce the hours worked for some unskilled workers. all of the above

Answers

Answer:

all of the above

Explanation:

The law related to the effective minimum wage could be predicted for non-skilled workers market, it raised the employment for some workers that are impacted, the number of firms should be increased, it decreased the non-skilled workers hours

So all of the above options is correct as it included all

If the MPC is 0.75 and there are no crowding-out or accelerator effects, then an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by a. $125 billion. b. $80 billion. c. $400 billion. d. $500 billion.

Answers

Answer:

c. $400 billion

Explanation:

Calculation to determine what an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right

First step is to calculate the GDP Multiplier

Using this formula

GDP Multiplier=1/(1-MPC)

Let plug in the formula

GDP Multiplier=1/1-0.75

GDP Multiplier=1/0.25

GDP Multiplier=4

Now let determine the shift in aggregate demand curve

Shift in aggregate demand curve=4*100 billion

Shift in aggregate demand curve= $400 billion

Therefore an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by $400 billion

Nonmanufacturing costs are ______. Multiple choice question. always reported as inventory only reported as inventory under variable costing never reported as inventory only reported as inventory under full absorption costing

Answers

Answer:

never reported as inventory

Explanation:

Nonmanufacturing costs are never reported as inventory. This is because they are not tangible items that need to be stored, also these costs do not have anything to do with the production of the end product and are not resources to the production process. Instead, these costs revolve around everything not related to the product creation such as company personnel or shipping/storage costs. Therefore, it is never reported to inventory which is for products and resources.

The listing of cash received via mail should be sent to which of the following individuals: ___________

a. Cashier
b. Customer
c. Record keeper
d. Mail clerk
e. Treasurer

Answers

Answer:

a. Cashier

c. Record keeper

d. Mail clerk

Explanation:

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,700, Job 3 $790, and general factory use $660. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

Dr Work in Process Inventory $3460

Cr Manufacturing Overhead $660

Cr Raw materials Inventory $2,800

Explanation:

Preparation of a summary journal entry to record raw materials used.

Based on the information given the summary journal entry to record raw materials used will be:

Dr Work in Process Inventory $3460

($970+$1700+$790)

Cr Manufacturing Overhead $660

Cr Raw materials Inventory $2,800

($3460-$660)

(To record raw materials used)

Fixed costs can be defined as costs thatGroup of answer choicesvary inversely with production.vary in proportion with production.are incurred only when production is large enough.are incurred even if nothing is produced.

Answers

Answer: are incurred even if nothing is produced.

Explanation:

Fixed costs are referred to as the cost that doesn't vary with the production level. Even if the company doesn't produce anything, the fixed cost will still be incurred.

The fixed cost is different from the variable cost which is the cost that varies along with production. Examples of fixed cost include salaries, rental lease payments, salaries, etc.

Income statement dataSales 6,900Cost of goods sold 6,100Balance sheet dataInventory 680Accounts receivable 300Accounts payable 460Calculate the accounts receivable period accounts payable period, inventory period and cash conversion cycle for the above firm. Use 365 days in a year, do not round intermediate calculations. Round your answers to 1 decimal placea. accounts receivable period _____daysb. account payable period _____daysc. inventory period _____daysd. cash conversion cycle __

Answers

Answer:

a. Accounts receivables period = 365 / (Credit sales/Average accounts receivables)

Accounts receivables period = 365 / (6900/300)

Accounts receivables period = 365 / 23

Accounts receivables period = 15.9 days

b. Accounts payable period = (365/(Cost of goods sold/Accounts payable)  

Accounts payable period = 365 / (6100/460)

Accounts payable period = 365 / 13.26

Accounts payable period = 27.5 days

c. Inventory period = 365 / (Cost of goods sold/Inventory)

Inventory period = 365 / (6100/680)

Inventory period = 365 / 8.97

Inventory period = 40.7 days

d. Cash conversion cycle = Accounts receivables periods + Inventory period - Accounts payable periods

Cash conversion cycle = 40.7 + 15.9 - 27.5

Cash conversion cycle = 29.1 days

Carter Industries has two divisions: the West Division and the East Division. Information relating to the divisions for the year just ended is as follows: West East Units produced and sold 33,000 43,000 Selling price per unit $ 8 $ 15 Variable costs per unit 4 5 Direct fixed cost 51,000 113,000 Common fixed cost 43,000 43,000 Common fixed expenses have been allocated equally to each of the two divisions. Carter's segment margin for the West Division is:

Answers

Answer:

$81,000

Explanation:

Segment margin is derived by deducting all expenses that are directly traceable to the segment and it does not include corporate common expenses.

Particulars                         Amount

Contribution                       $132,000  [33,000*(8-4)]

Less: Direct fixed cost      ($51,000)

Segment Margin               $81,000

So, Carter's segment margin for the West Division is $81,000.

MC Qu. 97 K Company estimates that overhead costs for... K Company estimates that overhead costs for the next year will be $3,648,000 for indirect labor and $960,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. Of 96,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 5 direct labor hours

Answers

Answer:

Allocated MOH= $240

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate=  (3,648,000 + 960,000) / 96,000

Predetermined manufacturing overhead rate= $48 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 48*5

Allocated MOH= $240

Marigold Industries has 8400 equivalent units of production for both materials and for conversion costs. Total manufacturing costs are $123880. Total materials costs are $97000. How much is the conversion cost per unit?a. $12.37. b. $5.10. c. $29.84.d. $17.47.

Answers

Answer:

Wow that’s a lot of numbers hold up

Explanation:

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