Homework Answers
The value stream income statement is shown as follows:- (Amounts in '000 $)
| MARSHALL COMPANY | |||||
| Value-Stream Income Statement (000s) | |||||
| Office Chairs | Office Tables | Total | |||
| Sales (A) | 270,000 | 335,000 | 605,000 | ||
| Operating costs: | |||||
| Materials | 17,000 | 15,000 | |||
| Labor | 128,000 | 99,000 | |||
| Equipment-related costs | 45,000 | 63,800 | |||
| Occupancy costs | 11,600 | 13,100 | |||
| Total operating costs (B) | 201,600 | 190,900 | 392,500 | ||
| Value-stream profit before inventory change (C = A-B) | 68,400 | 144,100 | 212,500 | ||
| Less: Cost of decrease in inventory | 8,000 | 22,000 | 30,000 | ||
| Value-stream profit | 60,400 | 122,100 | 182,500 | ||
| Less: Nontraceable costs | |||||
| Manufacturing | 141,750 | ||||
| Selling and administration | 30,000 | ||||
| Total nontraceable fixed costs | 171,750 | ||||
| Operating income | 10,750 | ||||
Therefore the company's operating income is $10,750.
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Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams-office chairs and office tables. Total sales in the most recent period for the two streams are $295 and $360 million, respectively In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows (in thousands): Chairs Tables Operating costs: Materials Labor Equipment-related costs Occupancy costs $ 17,500 133,000...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting...
Marshall Company is a large manufacturer of office furniture.
The company has recently adopted lean accounting and has identified
two value streams—office chairs and office tables. Total sales in
the most recent period for the two streams are $310 and $375
million, respectively.
In the most recent accounting period, Marshall had the following
operating costs, which were traced to the two value streams as
follows (in thousands):
Chairs
Tables
Operating costs:
Materials
$
17,800
$
15,800
Labor
136,000
103,000
Equipment-related...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams-office chairs and office tables. Total sales in the most recent period for the two streams are $275 and $340 million, respectively. In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows (in thousands): Chairs Tables Operating costs: Materials Labor Equipment-related costs Occupancy costs $ 17,100 129,000...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting...
Marshall Company is a large manufacturer of office furniture.
The company has recently adopted lean accounting and has identified
two value streams—office chairs and office tables. Total sales in
the most recent period for the two streams are $305 and $370
million, respectively.
In the most recent accounting period, Marshall had the following
operating costs, which were traced to the two value streams as
follows (in thousands):
Chairs
Tables
Operating costs:
Materials
$
17,700
$
15,700
Labor
135,000
102,500
Equipment-related...
s 1 and 19 Homework (Managerial) Help Save & Exit Submit Check my work Marshall Company...
s 1 and 19 Homework (Managerial) Help Save & Exit Submit Check my work Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams office chairs and office tables. Total sales in the most recent period for the two streams are $250 and $315 million, respectively In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows...
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how do i do question A ?
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Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams-office chairs and office tables. Total sales in the most recent period for the two streams are $295 and $360 million, respectively In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows (in thousands): Chairs Tables Operating costs: Materials Labor Equipment-related costs Occupancy costs $ 17,500 133,000...
Marshall Company is a large manufacturer of office furniture.
The company has recently adopted lean accounting and has identified
two value streams—office chairs and office tables. Total sales in
the most recent period for the two streams are $310 and $375
million, respectively.
In the most recent accounting period, Marshall had the following
operating costs, which were traced to the two value streams as
follows (in thousands):
Chairs
Tables
Operating costs:
Materials
$
17,800
$
15,800
Labor
136,000
103,000
Equipment-related...
Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams-office chairs and office tables. Total sales in the most recent period for the two streams are $275 and $340 million, respectively. In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows (in thousands): Chairs Tables Operating costs: Materials Labor Equipment-related costs Occupancy costs $ 17,100 129,000...
Marshall Company is a large manufacturer of office furniture.
The company has recently adopted lean accounting and has identified
two value streams—office chairs and office tables. Total sales in
the most recent period for the two streams are $305 and $370
million, respectively.
In the most recent accounting period, Marshall had the following
operating costs, which were traced to the two value streams as
follows (in thousands):
Chairs
Tables
Operating costs:
Materials
$
17,700
$
15,700
Labor
135,000
102,500
Equipment-related...
s 1 and 19 Homework (Managerial) Help Save & Exit Submit Check my work Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams office chairs and office tables. Total sales in the most recent period for the two streams are $250 and $315 million, respectively In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows...
how do i do question A ?
Willcrest Furniture Company began as a specialist manufacturer of chairs but has recently expanded its product line to include tables. In the yearly Income Statement below, the chairs sold in the ratio 2:1 to tables, i.e. 8,000 chairs to 4,000 tables. Prior to the addition 9 CVP and relevant costs not Total of tables, the firm's accountant used to calculate a break-even volume. Now, she is so sure it is possible to do...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS.
Ancestry Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: (Click the icon to view the price and cost data.) Ancestry Furniture has three sales representatives: Albert, Buck, and Candy. Albert sold 60 tables with 6 chairs each. Buck sold 100 tables with 8 chairs each. Candy sold 110 tables with 4 chairs each. Read the requirements. 1 Data Table...
On January 1, 2018, Marshall Company acqulred 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall Issued $265,000 In long-term labilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall pald $29,500 to accountants, lawyers, and brokers for assistance In the acquisltion and another $14,500 In connection with stock Issuance costs. Prior to these transactions, the balance sheets for the...
On January 1, 2018, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $318,000 in long-term liabilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall paid $25,000 to accountants, lawyers, and brokers for assistance in the acquisition and another $10,000 in connection with stock issuance costs. Prior to these transactions, the balance sheets for the...
Consider the following account balances (in thousands) for the Peterson Company: (Click the icon to view the account balances.) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2017. 2. Revenues for 2017 were $275 million. Prepare the income statement for 2017. Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Begin by preparing the schedule of cost of goods manufactured (in thousands). Start with the direct materials and labor costs, then indirect...
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