Marshall Company | |||||
Value - Stream Income statement | |||||
Office Chairs | Office Tables | Total | |||
Sales | $ 2,95,000 | $ 3,60,000 | $ 6,55,000 | ||
Operating costs: | |||||
Materials | $ 17,500 | $ 15,500 | |||
Labor | $ 1,33,000 | $ 1,01,500 | |||
Equipment - related costs | $ 45,500 | $ 64,800 | |||
Occupancy costs | $ 11,850 | $ 13,600 | |||
Total operating cost | $ 2,07,850 | $ 1,95,400 | $ 4,03,250 | ||
Value - stream profit before inventory change | $ 87,150 | $ 1,64,600 | $ 2,51,750 | ||
Less: Value of reduction in Inventory | $ -6,000 | $ -24,500 | $ -30,500 | ||
Value - stream profit | $ 81,150 | $ 1,40,100 | $ 2,21,250 | ||
Less: Nontraceable costs | |||||
Manufacturing cost | $ -1,66,750 | ||||
Selling and administrative cost | $ -50,000 | ||||
Total nontraceable fixed costs | $ -2,16,750 | ||||
Operating Income | $ 4,500 |
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...
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 $270 and $335 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 $ 17,000 128,000...
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...
accounting cycle MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services to a variety of clients. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April Apr. 1 Apr. 1 Apr. 1 Marshall invested $20,000 cash in the company in exchange for its common stock. The company paid $1,000 cash to rent office space for April The company paid $1,440 cash for the premium on a...
accounting cycle help! MARSHALL COMPANY On April 1, Ralph Marshall opened Marshall Company. The company provides services to a variety of clients. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April. Apr. 1 Аpг. 1 Apr. 1 Marshall invested $20,000 cash in the company in exchange for its common stock The company paid $1,000 cash to rent office space for April. The company paid $1,440 cash for the premium on...
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...
Outdoor Life is a manufacturer of backyard and deck furniture. Its products are in high demand and it carries no inventory. Follo order.) (Click the icon to view the December 31 account balances.) Read the requirements. Requirement 1. Using the income statement accounts in the table, calculate cost of goods sold. Hint: Cost of goods sold can be Total cost of goods sold is $ Requirement 2. Using the income statement accounts in the table, calculate operating expenses. Hint Operating...