Homework Answers
| Straight Line Depreciation | MACRS Depreciation | |||
| Year | Annual SL Depreciation% | Annual SL Depreciation (MM) | Annual MACRS Depreciation% | Annual MACRS Depreciation (MM) |
| 1 | 6.67% | 1.8 | 14.29% | 3.86 |
| 2 | 6.67% | 1.8 | 24.49% | 6.61 |
| 3 | 6.67% | 1.8 | 17.49% | 4.72 |
| 4 | 6.67% | 1.8 | 12.49% | 3.37 |
| 5 | 6.67% | 1.8 | 8.93% | 2.41 |
| 6 | 6.67% | 1.8 | 8.92% | 2.41 |
| 7 | 6.67% | 1.8 | 8.93% | 2.41 |
| 8 | 6.67% | 1.8 | 4.46% | 1.20 |
| 9 | 6.67% | 1.8 | ||
| 10 | 6.67% | 1.8 | ||
| 11 | 6.67% | 1.8 | ||
| 12 | 6.67% | 1.8 | ||
| 13 | 6.67% | 1.8 | ||
| 14 | 6.67% | 1.8 | ||
| 15 | 6.67% | 1.8 | ||
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7.2 A chemical company that manufactures specialty chemicals is considering building a multipurpose production facility. The...
7.2 A chemical company that manufactures specialty chemicals is considering building a multipurpose production facility. The...
7.2 A chemical company that manufactures specialty chemicals is considering building a multipurpose production facility. The design of the unit has been outsourced to a consuting firm. This company has estimated that the fixed capital investment is $27MM. The plant is expected to have a useful life of 15 years. Compare the depreciation schedules for this facility using both the straight-line and MACRS methods with the half-year convention.
A company is considering building a new and improved production facility for one of its existing...
A company is considering building a new and improved production facility for one of its existing products. It would be built on a piece of vacant land that the firm owns. This land was acquired four years ago at a cost of $500,000; it has a current market value of $800,000. The building can be erected for $600,000. Machinery (equipment) worth $120,000 needs to be bought. The company will finance the construction of the building and the purchase of the...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process—Filling was as follows on January 1: Work in Process—Filling Department (5,500 units, 30% completed): Direct materials (5,500 x $13.6) $74,800 Conversion (5,500 x 30% x...
Cost of Production Report Dover Chemical Company manufactures specialty chemicals by a series of three processes,...
Cost of Production Report
Dover Chemical Company manufactures specialty chemicals by a
series of three processes, all materials being introduced in the
Distilling Department. From the Distilling Department, the
materials pass through the Reaction and Filling departments,
emerging as finished chemicals.
The balance in the account Work in Process— Filling was as
follows on January 1, 2014:
Work in Process— Filling Department ( 3,400 units, 60%
completed):
Direct materials ( 3,400 × $ 9.58)
= $ 32,572
Conversion ( 3,400...
Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced...
Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals The balance in the account Work in Process-Filling was as follows on January 1: Work in Process-Filling Department (3,400 units, 60% completed) Direct materials (3,400 x $9.58) Conversion (3,400 60% x $3.90) $32,572 7,956 $40,528 The following costs were charged to Work in...
Connecticut Chemical Company is a diversified chemical processing company. The firm manufactures swimming pool chemicals, chemicals...
Connecticut Chemical Company is a diversified chemical processing company. The firm manufactures swimming pool chemicals, chemicals for metal processing, specialized chemical compounds, and pesticides. Currently, the Noorwood plant is producing two derivatives, RNA–1 and RNA–2, from the chemical compound VDB developed by the company’s research labs. Each week, 1,200,000 pounds of VDB are processed at a cost of $246,000 into 800,000 pounds of RNA–1 and 400,000 pounds of RNA–2. The proportion of these two outputs cannot be altered, because this...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process—Filling was as follows on January 1: Work in Process—Filling Department (4,500 units, 80% completed): Direct materials (4,500 x $14.5) $65,250 Conversion (4,500 x 80% x...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process—Filling was as follows on January 1: Work in Process—Filling Department (2,400 units, 70% completed): Direct materials (2,400 x $11.7) $28,080 Conversion (2,400 x 70% x...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process—Filling was as follows on January 1: Work in Process—Filling Department (1,900 units, 40% completed): Direct materials (1,900 x $16.1) $30,590 Conversion (1,900 x 40% x...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty ch...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. the account Work in Process-Filling was as follows on January 1: The balance Work in Process-Filling Department (3,000 units, 60% completed) Direct materials (3,000 x $12.8) $38,400 Conversion (3,000 x 60% x $8.3)...
7.2 A chemical company that manufactures specialty chemicals is considering building a multipurpose production facility. The design of the unit has been outsourced to a consuting firm. This company has estimated that the fixed capital investment is $27MM. The plant is expected to have a useful life of 15 years. Compare the depreciation schedules for this facility using both the straight-line and MACRS methods with the half-year convention.
Cost of Production Report
Dover Chemical Company manufactures specialty chemicals by a
series of three processes, all materials being introduced in the
Distilling Department. From the Distilling Department, the
materials pass through the Reaction and Filling departments,
emerging as finished chemicals.
The balance in the account Work in Process— Filling was as
follows on January 1, 2014:
Work in Process— Filling Department ( 3,400 units, 60%
completed):
Direct materials ( 3,400 × $ 9.58)
= $ 32,572
Conversion ( 3,400...
Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals The balance in the account Work in Process-Filling was as follows on January 1: Work in Process-Filling Department (3,400 units, 60% completed) Direct materials (3,400 x $9.58) Conversion (3,400 60% x $3.90) $32,572 7,956 $40,528 The following costs were charged to Work in...
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. the account Work in Process-Filling was as follows on January 1: The balance Work in Process-Filling Department (3,000 units, 60% completed) Direct materials (3,000 x $12.8) $38,400 Conversion (3,000 x 60% x $8.3)...
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