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Homework Answers
| 1a) relevant cost of theolite = sale value | |||||
| relevant cost = 14700 p | |||||
| 1b) analyzing the special order decision is an example of opportunity cost | |||||
| 2) | |||||
| a) sales value | 14700 | relevant cost because of opportunity cost | |||
| b) book value (9000*2.70) | 24300 | irrelevant cost because of sunk cost | |||
| c) current purchase cost (9000*3.10) | 27900 | irrelevant cost already posses | |||
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Please help. All one question. Required information [The following information applies to the questions displayed below.]...
Required information [The following information applies to the questions displayed below.] Intercontinental Chemical Company, located in...
Required information [The following information applies to the questions displayed below.] Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order. Production of the special order would require 8,900 kilograms of theolite Intercontinental does not use theolite for its regular product,...
Exercise 14-36 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below.)...
Exercise 14-36 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below.) Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order Production of the special order would require 8.200 kilograms of theolite. Intercontinental does not use...
Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it...
Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order. Production of the special order would require 8,700 kilograms of theolite. Intercontinental does not use theolite for its regular product, but the firm has 8,700 kilograms of the chemical on hand...
Global Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is con...
Global Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order Production of the special order would require 9,700 kilograms of theolite. Global does not use theolite for its regular product, but the firm has 9,700 kilograms of the chemical on hand...
Exercise 14-37 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below)...
Exercise 14-37 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below) Intercontinental's special order requires 1100 kilograms of genatope, a solid chemical regularly used in the company's products The current stock of genatope is 10,000 kilograms at a book value of 9.60 p per kilogram. If the special order is accepted, the firm will be forced to restock genatope earlier than expected, at a predicted cost of 10.20 p per kilogram Without the special order,...
[The following information applies to the questions displayed below.] Corrientes Company produces a single product in...
[The following information applies to the questions displayed below.] Corrientes Company produces a single product in its Buenos Aires plant that currently sells for 6.70 p per unit. Fixed costs are expected to amount to 56,000 p for the year, and all variable manufacturing and administrative costs are expected to be incurred at a rate of 2.30 p per unit. Corrientes has two salespeople who are paid strictly on a commission basis. Their commission is 9 percent of the sales...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 During the year, the company had no beginning or ending Inventories and it started, completed, and sold...
! Required information [The following information applies to the questions displayed below.) The following information is...
! Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security job order costing system. April 30 May 31 $ $36,000 9,000 60,000 48,000 18,800 33,100 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based...
Required information [The following information applies to the questions displayed below.] The following information is available...
Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 29,000 $ 52,000 Work in process 9,200 18,000 Finished goods 50,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 177,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 9,000 Indirect labor 34,500 Other overhead costs...
Required information [The following information applies to the questions displayed below) The following information is available...
Required information [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security products and job order costing system. April 30 May 31 $ $32,000 9,000 56,000 42,000 20,100 33,700 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate...
Required information [The following information applies to the questions displayed below.] Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order. Production of the special order would require 8,900 kilograms of theolite Intercontinental does not use theolite for its regular product,...
Exercise 14-36 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below.) Intercontinental Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order Production of the special order would require 8.200 kilograms of theolite. Intercontinental does not use...
Global Chemical Company, located in Buenos Aires, Argentina, recently received an order for a product it does not normally produce. Since the company has excess production capacity, management is considering accepting the order. In analyzing the decision, the assistant controller is compiling the relevant costs of producing the order Production of the special order would require 9,700 kilograms of theolite. Global does not use theolite for its regular product, but the firm has 9,700 kilograms of the chemical on hand...
Exercise 14-37 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below) Intercontinental's special order requires 1100 kilograms of genatope, a solid chemical regularly used in the company's products The current stock of genatope is 10,000 kilograms at a book value of 9.60 p per kilogram. If the special order is accepted, the firm will be forced to restock genatope earlier than expected, at a predicted cost of 10.20 p per kilogram Without the special order,...
[The following information applies to the questions displayed below.] Corrientes Company produces a single product in its Buenos Aires plant that currently sells for 6.70 p per unit. Fixed costs are expected to amount to 56,000 p for the year, and all variable manufacturing and administrative costs are expected to be incurred at a rate of 2.30 p per unit. Corrientes has two salespeople who are paid strictly on a commission basis. Their commission is 9 percent of the sales...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 During the year, the company had no beginning or ending Inventories and it started, completed, and sold...
! Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security job order costing system. April 30 May 31 $ $36,000 9,000 60,000 48,000 18,800 33,100 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based...
Required information [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security products and job order costing system. April 30 May 31 $ $32,000 9,000 56,000 42,000 20,100 33,700 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate...
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