Accounting

Solution Library


Cost Allocation of a Product with Machine Hours as the Cost Driver

Question X Company has two production departments, X and Y. Listed below are budgeted information for the two departments, and actual information for one of its products, product 1: Department X                  & ... Read More

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Calculation of Cost Allocation of a Product Using an Activity-based Allocation System

Question X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2015 were as follows:               ... Read More

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Calculation of Total Manufacturing Cost

Question X Company manufactures a single product and estimates total manufacturing costs each month. The accountant provides the following information about its manufacturing process:         Direct material quantity         ... Read More

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Calculation of Total Overhead Costs

Question X Company wants to estimate overhead costs in march, when production is expected to be 1,500 units. It used account analysis with the January cost information below to determine the parameters of the cost function. January production was 1,000 units.        & ... Read More

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Total Overhead Costs

Question X Company has the following data from 2014 and 2015:                                        &n ... Read More

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Calculation of Break Even Unit sales of a Company

Question In 2015, X Company had the following selling price and per-unit variable cost information:                        Selling price        &nbs ... Read More

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Calculation of Variable Costs Per Unit be in Order to Breakeven  

Question The following information is available for the 24,000 units of X Company’s one product sold in 2015:               Selling price                ... Read More

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Estimation of Total Sales in Order to earn Some Profits

Question X Company estimates the following information for its three products for next year:                                Product    ... Read More

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Revenue in Order to Earn Some After-Tax Profits Using Profit Equation

Question X Company’s profit equation next year is expected to be 0.43R-$12,100, where R is total revenue. Assuming a tax rate of 38%, what must next year’s revenue be in order for X Company to earn after-tax profits of $28,000? Summary: This question belongs to accounting and discusses ... Read More

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Preparation of Balance Sheet and an Income Statement

Question Balance Sheet and Income Statement in Excel   REQUIRED:  Given the data and information, use Excel to prepare a balance sheet as of December 31, 2015 and an income statement using multi-step for the year ended December 31, 2015 for ABC Corporation. Use the SUM function to tota ... Read More

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Computation of Federal tax liability and Balance Due

Question Prepare a solution to the following problem on worksheets, showing all computations. Your first sheet should mirror the line items on Form 1040 and be a summary of the computation of taxable income and tax liability. Only include the 1040 line items you are using in your solution. Computat ... Read More

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Difference Between Financial Reporting and Management Accounting

Question Part A Answer the following questions: 1. The launch of a new product is under consideration. Its unit variable costs will be £30 and it is estimated that incremental fixed costs of £250,000 will be incurred if production is commenced. Forecast sales are 50,000 units. At what ... Read More

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