Homework Answers
| Product | Quantity | Year 1, (base year) | Year 5, (Obs year) | Quantity*obs cost | Quantity*Base cost |
| A | 2500 | 10.50 | 15.90 | 2500*15.9 = 39750 | 2500*10.5 = 26250 |
| B | 5000 | 16.25 | 32.00 | 5000*32 = 160000 | 5000*16.25 = 81250 |
| C | 7000 | 12.20 | 16.40 | 7000*16.4 = 114800 | 7000*12.2 = 85400 |
| D | 2500 | 20.00 | 35.50 | 2500*35.5 = 88750 | 2500*20 = 50000 |
| Total | 403300 | 242900 |
Price index = 403300/242900 *100 = 166.0354 = 166
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A certain manufacturing company has the following data on quantities shipped and unit costs for each...
A certain manufacturing company has the following data on quantities shipped and unit costs for each...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Products Base-Period Quantities (Year 1) Mean Shipping Cost per Unit ($) Year 1 Year 5 A 2,000 10.50 15.90 B 5,000 16.25 32.00 C 6,000 12.20 18.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,000, 3,000, 7,000, and 3,000 for products A, B, C, and...
A certain manufacturing company has the following data on quantities shipped and unit costs for each...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 2,500 10.50 15.90 5,000 16.25 31.00 6,000 12.20 16.40 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 3,500, 3,000, 8,000, and 3,000 for products A, B, C, land D, respectively. (Round your...
A certain manufacturing company has the following data on quantities shipped and unit costs for each...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 A 1,500 10.50 15.90 B 5,000 16.25 31.00 с 7,000 12.20 18.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 3,500, 3,000, 7,500, and 3,000 for products A, B, C, and...
Assume that a radiologist group practice has the following cost structure: Fixed costs $500,000 Variable cost...
Assume that a radiologist group practice has the following cost structure: Fixed costs $500,000 Variable cost per procedure $25 Charge (price) per procedure $100 Furthermore, assume that the group expects to perform 7,500 procedures in the coming year. a. Construct the group’s base case projected P&L statement. (See exhibit 5-5). b. What is the group’s contribution margin? c. What is the group’s breakeven point in volume? d. What volume is required to provide a pretax profit of $100,000? e. Complete...
Supply the missing data in the following cases. Each case is independent of the others. (Leave...
Supply the missing data in the following cases. Each case is independent of the others. (Leave no cells blank - be certain to enter "0" wherever required.) Case 1 2 3 1 5,500 $ $ $ $ 7,000 4,000 5,000 6,000 8,000 4 4,000 5,000 10,000 6,000 19,500 3,500 21,000 4,000 5,000 3,500 19,000 25,600 2,000 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory...
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. (a) Indicate...
Incomplete manufacturing costs, expenses, and selling data for
two different cases are as follows.
(a)
Indicate the missing amount for each letter.
Case
1
2
Direct materials used
$9,600
$
Direct labor
5,000
8,000
Manufacturing overhead
8,000
4,000
Total manufacturing costs
16,000
Beginning work in process inventory
1,000
Ending work in process inventory
3,000
Sales revenue
24,500
Sales discounts
2,500
1,400
Cost of goods manufactured
17,000
22,000
Beginning finished goods inventory
3,300
Goods available for sale
20,000
Cost of goods...
ABC corporation applying normal costing system has provided the following data from its activity-based costing system...
ABC corporation applying normal costing system has provided the following data from its activity-based costing system as follows: Activities Estimated Overhead Costs Expected Cost Drivers Quantities Cost Drivers Assembly 120,500 10,000 Number of Machine Hours Processing Orders 80,500 7,000 Number of Orders Inspection 75,500 5,000 Number of Inspection Hours Total 276,000 22,000 Actual Data concerning the company's product X appears below: Annual unit production and sales 500 units. Annual machine hours 5,000. Annual number of orders 4,500. Annual inspection hours...
6. You’ve been tasked to evaluate an existing piece of machinery.You collected the following data: Today...
6. You’ve been tasked to evaluate an existing piece of
machinery.You collected the following data:
Today
One Year Two Years Three Years Four Years Five Years Six Years
Seven Years Eight Years Nine Years Ten Years
Salvage Value
$20,000 $10,000 $5,000 $2,500 $1,000 $500 $250 $0.00 $0.00 $0.00
$0.00
Annual MX Cost
$1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000
$9,000
$10,000
What is the useful life of the existing piece of machinery? Cost
of capital is 4%. Hint calculate...
Assume that a radiologist group practice has the following cost structure: Fixed costs $500,000 Variable cost...
Assume that a radiologist group practice has the following cost structure: Fixed costs $500,000 Variable cost per procedure $25 Charge (price) per procedure $100 Furthermore, assume that the group expects to perform 7,500 procedures in the coming year. Part A a. Construct the group’s base case projected P&L statement. (See exhibit 5-5). b. What is the group’s contribution margin? c. What is the group’s breakeven point in volume? d. What volume is required to provide a pretax profit of $100,000?...
Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
Molding
Assembly
Total
Estimated total machine-hours (MHs)
3,000
7,000
10,000
Estimated total fixed manufacturing overhead cost
$
24,000
$
53,200
$
77,200
Estimated variable manufacturing overhead cost per MH
$
1.00
$
2.00
During the period, the company started and completed two
jobs--Job E and Job M. Data concerning those two jobs follow:
Job E...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 2,500 10.50 15.90 5,000 16.25 31.00 6,000 12.20 16.40 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 3,500, 3,000, 8,000, and 3,000 for products A, B, C, land D, respectively. (Round your...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Mean Shipping Cost per Unit ($) Products Base-Period Quantities (Year 1) Year 1 Year 5 A 1,500 10.50 15.90 B 5,000 16.25 31.00 с 7,000 12.20 18.40 D 2,500 20.00 35.50 Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 3,500, 3,000, 7,500, and 3,000 for products A, B, C, and...
Supply the missing data in the following cases. Each case is independent of the others. (Leave no cells blank - be certain to enter "0" wherever required.) Case 1 2 3 1 5,500 $ $ $ $ 7,000 4,000 5,000 6,000 8,000 4 4,000 5,000 10,000 6,000 19,500 3,500 21,000 4,000 5,000 3,500 19,000 25,600 2,000 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory...
Incomplete manufacturing costs, expenses, and selling data for
two different cases are as follows.
(a)
Indicate the missing amount for each letter.
Case
1
2
Direct materials used
$9,600
$
Direct labor
5,000
8,000
Manufacturing overhead
8,000
4,000
Total manufacturing costs
16,000
Beginning work in process inventory
1,000
Ending work in process inventory
3,000
Sales revenue
24,500
Sales discounts
2,500
1,400
Cost of goods manufactured
17,000
22,000
Beginning finished goods inventory
3,300
Goods available for sale
20,000
Cost of goods...
6. You’ve been tasked to evaluate an existing piece of
machinery.You collected the following data:
Today
One Year Two Years Three Years Four Years Five Years Six Years
Seven Years Eight Years Nine Years Ten Years
Salvage Value
$20,000 $10,000 $5,000 $2,500 $1,000 $500 $250 $0.00 $0.00 $0.00
$0.00
Annual MX Cost
$1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000
$9,000
$10,000
What is the useful life of the existing piece of machinery? Cost
of capital is 4%. Hint calculate...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
Molding
Assembly
Total
Estimated total machine-hours (MHs)
3,000
7,000
10,000
Estimated total fixed manufacturing overhead cost
$
24,000
$
53,200
$
77,200
Estimated variable manufacturing overhead cost per MH
$
1.00
$
2.00
During the period, the company started and completed two
jobs--Job E and Job M. Data concerning those two jobs follow:
Job E...
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