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please show all steps so I can fully understand the process of how to solve. thank you ! (16) It has been observed that 45% of young Canadians, under 25, play video games on a regular basis. You c...
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(16) It has been observed that 45% of young Canadians, under 25, play video games on a regular basis. You choose a random sample of 8 persons in this age group. 2. (2) What probability distribution would be used to calculate probabilities in this example? State the formula -you do not need to repeat the formula in later parts. (4) State the...
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An entity has the following inventory transactions for an item of inventory: Opening Inventory 111 units @ 10 Purchase 1 212 units @ 13 Sale 1 63 units $1110 $2756 What is cost of goods sold assuming the entity uses the FIFO method? Select one: a. $754 b. $819 c. $724 O d. 5630
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The beginning balances of the shareholders equity of Hanssen Incorporated for the year 20x7 are as follows: $10188418 Common shares, 1,000,000 shares issued Retained earnings $1218423 During 20x7, David repurchased 63245 shares at $271550 The net income for the year was $947228. What is the balance in retained earnings at December 31, 20x7? Select one: a $ 1098033 b. $120390 c. $2165651 d. $1067618
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Mika Enterprises uses a perpetual inventory system. The company had the following inventory and purchases for the month of March: Mar. 1 Beginning Inventory 35 @ $19.78 Mar. 8 Purchase 103 @ $25.09 Mar. 16 Sale 45 @ $29.49 Calculate the cost of goods sold for the year assuming the company uses a FIFO cost flow system Select one: a. $1327 b. $943 c. 52333 0...
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On September 30, the fixed manufacturing overhead account of Gordon Ltd. showed a debit balance of $5893 after fixed manufacturing overhead had been applied for the month. If the actual total manufacturing overhead cost incurred in September was $109762 and the production was 8087 units, then what was the rate for applying fixed manufacturing overhead cost? Select one: a. $ 0.73 per unit b. $ 12.84...
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You are given the following data for Skylar Ltd.: Direct Labour Hours Overhead Costs 25700 $630800 January 32600 $700100 February 45117 $887306 March 37500 $720500 April 40349 $909220 May 21235 $624133 June July 23700 $651000 August 39200 $759000 September 41884 $751261 October 23082 $614932 November 25200 $620100 December 30100 $682000 Using the high-low method, what is the variable overhead cost per direct labour hour? Select one:...
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BSE Inc. completed the following transactions in its first year of operations: February 15 Issued 5000 common shares for $25261 March 1 Issued 565 $4 non-cumulative preferred shares for $49058 April 1 Declared a 2 for 1 stock split on the common shares December 28 Declared cash dividends on the preferred shares BSE's net income for the year was $29056. What is company's shareholders' equity...
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Wiley Corp. offers a 3 year warranty. They expect the warranty costs to be 2% of the selling price in the 1st year, 3% in the second and third year. Sales in year 1 = $5882707 and warranty costs incurred =$126269. What is the balance in the warranty liability account? Select one: a. $ 344348 O b. $ 403175 O c.$ 126269 O d. $ 470617...
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You enter into a three year service contract. The total contract price is $23023. Costs incurred in the first year are $5247 and the expected costs to complete the contract are $6683. How much profit will be recognized on this contract in the first year? Select one: o a. 57818 ob. $11093 o c. 54879 d. 50
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You are given the following data for Skylar Ltd. Direct Labour Hours January 25700 February 32600 March 45090 April 37500 May 40400 June 21052 July 23700 August 39200 September October 24000 November 25200 December Overhead Costs $630800 $700100 $884664 $720500 $910300 $629960 $651000 $759000 $751513 $615200 $620100 $654269 41004 Using the high-low method, estimate the total overhead at a volume of 30,000 direct labour hours: Select...
please show all steps so I can fully understand the
process of how to solve. thank you !
(16) It has been observed that 45% of young Canadians, under 25, play video games on a regular basis. You choose a random sample of 8 persons in this age group. 2. (2) What probability distribution would be used to calculate probabilities in this example? State the formula -you do not need to repeat the formula in later parts. (4) State the...
Please show all steps so I can fully understand how to
solve. Thank you
An entity has the following inventory transactions for an item of inventory: Opening Inventory 111 units @ 10 Purchase 1 212 units @ 13 Sale 1 63 units $1110 $2756 What is cost of goods sold assuming the entity uses the FIFO method? Select one: a. $754 b. $819 c. $724 O d. 5630
Please show all steps so I can fully understand how to
solve. Thank you
The beginning balances of the shareholders equity of Hanssen Incorporated for the year 20x7 are as follows: $10188418 Common shares, 1,000,000 shares issued Retained earnings $1218423 During 20x7, David repurchased 63245 shares at $271550 The net income for the year was $947228. What is the balance in retained earnings at December 31, 20x7? Select one: a $ 1098033 b. $120390 c. $2165651 d. $1067618
Please show all steps so I can fully understand how to
solve. Thank you
Mika Enterprises uses a perpetual inventory system. The company had the following inventory and purchases for the month of March: Mar. 1 Beginning Inventory 35 @ $19.78 Mar. 8 Purchase 103 @ $25.09 Mar. 16 Sale 45 @ $29.49 Calculate the cost of goods sold for the year assuming the company uses a FIFO cost flow system Select one: a. $1327 b. $943 c. 52333 0...
Please show all steps so I can fully understand how to
solve. thank you
On September 30, the fixed manufacturing overhead account of Gordon Ltd. showed a debit balance of $5893 after fixed manufacturing overhead had been applied for the month. If the actual total manufacturing overhead cost incurred in September was $109762 and the production was 8087 units, then what was the rate for applying fixed manufacturing overhead cost? Select one: a. $ 0.73 per unit b. $ 12.84...
please show all steps so I can fully understand how to
solve. thank you
You are given the following data for Skylar Ltd.: Direct Labour Hours Overhead Costs 25700 $630800 January 32600 $700100 February 45117 $887306 March 37500 $720500 April 40349 $909220 May 21235 $624133 June July 23700 $651000 August 39200 $759000 September 41884 $751261 October 23082 $614932 November 25200 $620100 December 30100 $682000 Using the high-low method, what is the variable overhead cost per direct labour hour? Select one:...
Please show all steps so I can fully understand how to
solve . Thank you
BSE Inc. completed the following transactions in its first year of operations: February 15 Issued 5000 common shares for $25261 March 1 Issued 565 $4 non-cumulative preferred shares for $49058 April 1 Declared a 2 for 1 stock split on the common shares December 28 Declared cash dividends on the preferred shares BSE's net income for the year was $29056. What is company's shareholders' equity...
Please show all steps so I can fully understand how to
solve. Thank you
Wiley Corp. offers a 3 year warranty. They expect the warranty costs to be 2% of the selling price in the 1st year, 3% in the second and third year. Sales in year 1 = $5882707 and warranty costs incurred =$126269. What is the balance in the warranty liability account? Select one: a. $ 344348 O b. $ 403175 O c.$ 126269 O d. $ 470617...
please show all steps so I can fully understand how to
solve. thank you
You enter into a three year service contract. The total contract price is $23023. Costs incurred in the first year are $5247 and the expected costs to complete the contract are $6683. How much profit will be recognized on this contract in the first year? Select one: o a. 57818 ob. $11093 o c. 54879 d. 50
Please show all steps so I can fully understand how to
solve. thank you
You are given the following data for Skylar Ltd. Direct Labour Hours January 25700 February 32600 March 45090 April 37500 May 40400 June 21052 July 23700 August 39200 September October 24000 November 25200 December Overhead Costs $630800 $700100 $884664 $720500 $910300 $629960 $651000 $759000 $751513 $615200 $620100 $654269 41004 Using the high-low method, estimate the total overhead at a volume of 30,000 direct labour hours: Select...
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