Business, 28.01.2020 00:31 sudotoxic

Taveras corporation is currently operating at 50% of its available manufacturing capacity. it uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production . . 165,000
fixed manufacturing overhead cost . . . . . . . . . . . . $1,980,000variable manufacturing overhead cost per machine-hour . . $2.00required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job p90 was started, completed, and sold to the customer for $2,500. the following information was available with respect to this job: direct materials . . . . . . . . . . . . . . . . . . . . . . $1,150direct labor cost . . . . . . . . . . . . . . . . . . . . . . $830machine-hours used . . . . . . . . . . . . . . . . . . . . 72compute the total manufacturing cost assigned to job p90. 3. upon comparing job p90’s sales revenue to its total manufacturing cost, the company’s chief financial officer said "if this exact same opportunity walked through our front door tomorrow, i’d turn it down rather than making it and selling it for $2,500."
a. construct an argument (supported by numerical analysis) that refutes the chief financial officer’s assertion.
b. construct an argument (accompanied by numerical analysis) that supports the chief financial officer’s assertion.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 14:40

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

Answers: 3

Answer

Business, 22.06.2019 23:30

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:

Answers: 3

Answer

Business, 23.06.2019 02:20

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)

Answers: 1

Answer

Business, 23.06.2019 02:30

On december 1, 2017, bigham corporation pays a dividend of $4.00 on each share of its common stock. vanessa and gena, two unrelated shareholders, each own 5,000 shares of the stock. vanessa has owned her stock for two years while gena purchased her stock on november 3, 2017. how does each shareholder treat the $20,000 dividend from bigham

Answers: 3

Answer

You know the right answer?

Taveras corporation is currently operating at 50% of its available manufacturing capacity. it uses a...

Questions