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Help with accounting question.?
A company has $50,000 in fixed costs and sells one product with a selling price of $15 per unit. If variable costs are $5 per unit, What is this company break-even sales in units?
Thanks in advance
1 AnswerHigher Education (University +)1 decade agoHow much money will accumulate after 2.5 years if I deposit $400 in account that earns .75 percent eachquarter?
Suppose you deposit $400 in an account that earns 0.75 percent each quarter. You make no withdrawals from the account and deposit no more money into the account. How much money will accumulate after 2.5 years?
2 AnswersHigher Education (University +)1 decade agoHelp with Mathematics question?
A city block 500 feet by 500 feet has a large building 300 feet by 300 feet in the exact center. The rest of the block is an unobstructed paved lot. What is the shortest distance from the SW corner to the NE corner of the city block, going through the paved lot (to the nearest foot)
Please can anyone help with this question. I know that I will be using the Prythagorean
1 AnswerHigher Education (University +)1 decade agoCan someone help with this cost accounting question?
RHO company, which began its operation on Jan.1, product a single product that sells for $10.25 per unit. Standard capacity is 80,000 units per year. This year, 80,000 units were produced and 70,000 units were sold.
Manufacturing costs and selling administrative expenses follows:
fixed costs
Raw Materials ---
direct labor ---
factory overhead $120,000
Selling and admin 80,000
variable cost
Raw Materials $2.00 per unit produced
direct labor $1.50 per unit produced
factory overhead $1.00 per unit produced
Selling and admin .50 per units sold
What is the standard cost of manufacturing a unit of product?
a.4.50
b.5.00
c.5.50
d.6.00
I believe its 6.00
120,000+360,000=480,000
480,000/80,000=6.00
Please any help will be greatly appreciate
1 AnswerOther - Business & Finance1 decade agoPlease can someone help with this cost accounting question?
Elgin company's budgeted fixed factory overhead costs are $50,000 per month, plus a variable factory overhead rate of $4.00 per direct labor hour. The standard direct labor hours allowed for October production were 20,000. An analysis of the factory overhead indicated that in October, Elgin had an unfavorable budget (controllable) variance of $1,500 and a favorable volume variance of $500. Elgin uses a two-variance analysis of overhead variance.
The actual factory overhead that Elgin incurred in October is
A.$126,500
B.128,000
C.128,500
D.131,500
This is what I figure out so far
20,000*4.00=80,000
80,000+50,000=130,000
I thought that I subtract the 1,500 to get 128,500
Any help would be greatly appreciate
1 AnswerOther - Business & Finance1 decade agoPlease can someone help with this cost accounting question?
The John company budgeted overhead at $125,000 for the period for Department A based on a budgeted volume of 50,000 direct labor hours. At the end of the period, the factory overhead control account for Department A had a balance of $126,000. the actual (and allowed) direct labor hours were 52,000.
What was the overapplied (underapplied) overhead for the period?
A.$(4,000)
B.$4,000
C.$(6,500)
D.$6,500
2 AnswersOther - Business & Finance1 decade agoHelp with cost accounting questions?
The direct labor costs for Boundary Company follow:
Standard direct labor hours 34,000
Actual direct labor hours 33,500
Direct labor efficiency variance--favorable $12,000
Direct labor rate variance--favorable $15,057
Total payroll $252,925
What was Boundary's standard direct labor rate?
A.$3.87
B.$8.00
C.$10.50
D.$12.00
1 AnswerOther - Business & Finance1 decade agoHelp with cost accounting question?
Ben's Climbing Gear, Inc. has direct material costs as follows:
Actual units of direct material used 20,000
Standard price per unit of direct materials $2.50
Direct material quantity variance--favorable $5,000
What was Ben's standard quantity of materials?
A.$18,000
B.$20,000
C.$22,000
D.$24,000
1 AnswerOther - Business & Finance1 decade agoHelp with cost accounting question?
Beres Corporation has developed the following flexible budget formula for annual indirect labor cost:
Total costs=$9,600 + $0.75 per machine hour
Operating budgets for the current month are based on 30,000 hours of planned machine time. The amount of indirect labor costs included in this planned budget is
A.$2,425
B.$23,300
C.$22,500
D.$32,100
1 AnswerOther - Business & Finance1 decade agoPlease can someone help with cost accounting?
Rowe Co.'s Job 401 for the manufacture of 2,200 coats was completed during August at the unit costs presented below. Final inspection of Job 401 disclosed 200 units that were sold to a jobber for $6,000.
Direct Materials $24
Direct Labor $18
Factory overhead
(includes an allowance of $2 for spoiled work) _16_
Total $56
Assume that spoilage loss is charged to all production during August. What would be the unit cost of good coats produced on Job 401
A.$56
B.$58
C.$60.80
D.$63.80
2 AnswersOther - Business & Finance1 decade agoWhich of the following is a crime that generally affects business?
A. Wrongful interference with a business relationship
B. Kidnapping
C. Arson
D. Wrongful interference with a contractual relationship
1 AnswerHigher Education (University +)1 decade agoIn which of the following types of cases would courts make decisions based on reasonable consumer standard?
A. Price gouging
B. Product liability
C.Deceptive adverting
D. Employment discrimination
I really believe it B. but I am not sure, any help please. Thanks
2 AnswersHigher Education (University +)1 decade agoWhich of the following questions might the product fail?
Company A just finished investing millions of dollars in a new product, which should make the company lots of money. Shortly before the product arrives in stores, the company discovers the product may not meet federal guidelines regarding the amount of testing required for the product.
A. Is the action profitable
B. Is the action legal
C. Is the action ethical
D. Is the action reasonable
Please can anyone help
1 AnswerHigher Education (University +)1 decade agoThe best source to use would be?
Imaging that you're doing research project on current trends in the computer industry. you want to find some basic facts and history about computer quickly.
A.a newspaper article about the new personal computers on the market
B.a book about the history of computer
C.journal article about computer sales
D.an encyclopedia article about computer
1 AnswerHigher Education (University +)1 decade agoHelp with accounting?
Mark Jones sold his receivables with recourse to the First National Bank of Fees. One of the provisions in the sale contract states that "The first national bank of fees reserves the right to require Mr. jones to repurchase said account receivables at any time before payment has been received on said receivables." As the accountant for Mr. Jones, how would you handle the sales of the receivables?
1 AnswerOther - Business & Finance1 decade agoHow to compute ending inventory cost under FIFO?
If I begin operations Feb. 1, 2007. I sell footballs to high school and colleges throughout the country. I uses a periodic system and this is a summary of inventory records for the month of Feb.
Inventory records--Footballs
Date /Terms of purchase/units received/gross price on invoice
Feb.2 /3/10, net 30 /800 /$30,000
Feb.17 /net 30 /600 /$22,560
Feb.26 /2/10,net 45 /550 /420,490
All footballs are sold for $47.50 each. I takes all discounts that are offered and uses the net method for recording purchases. On Feb.28, 470 footballs were on hand.
How do I compute ending inventory cost under FIFO?
How do I compute ending inventory cost under LIFO?
How to I compute the gross margin on sales under LIFO?
Any help with be greatly appreciated.
2 AnswersOther - Business & Finance1 decade agoPlz can anyone help with an accounting problem?
What amount will Emu expense in the current year? What amount will Emu capitalize in the current year?
A sampling of the cash expenditures made by the Emu Company during the year appear below
~$10,000 was spent on research for new uses of Emu Oil.
~$25,000 was spent to replace the roof of the hatchery building
~$10,000 was spent to fix incubator #1 (no entension of useful life, but 20 percent fewer eggs were lost after the repairs).
~$15,000 to fix incubators #2-#9 (no change in useful or productivity).
~$20,000 to replace fencing of emu pens (the old fence was 10 years old, the new fence is expected to last eight years).
I have worked the problem out on paper, but it seems as if I'm missing a step, and steps will be greatly appreciate
2 AnswersOther - Business & Finance1 decade agoPlz can anyone help with this statment of stockholders' equity?
Prepare a statement of changes in stockholders' equity for 2008 using the information given below
The accounts from the stockholders' equity section of the balance sheet of Western Company showed the following at December 31, 2007
Common Stock....$475,000
Paid In Capital in Excess of Par... $6,650,000
Retained Earning...$787,500
Western issued 475,000 shares of the $1 par value common stock on January 1, 2007. The company also is authorized to issue 500,000 shares of $5 par value, 6 percent preferred stock.
During 2008, Western had the following transactions:
Jan. 10..Issued an additional 90,000 shares of common stock at $17 per share.
APr. 1...Issued 100,000 shares of preferred stock at $8 per share
July 19..The board of directors authorized the appropriation of $295,000 of retained earning for the purchase of equipment
Oct.23..Sold an additional 60,000 shares of preferred stock at $9 per share
Dec.31.. Net income for the year was $1,200,000. The board of directors declared a dividend of $623,000 to stockholders of record on Jan. 15,2009, to be paid on Feb. 1,2009
2 AnswersOther - Business & Finance1 decade agoWhat method should I use to account for its investment in Walter Corp?
I own 30 percent of the outstanding shares of Walter Corp. I attempted and failed to gain a seat on the board of directors of Walter Corp. Basically, what method should I use to account for its investment in Walter Corp.
1 AnswerOther - Business & Finance1 decade agoPlz, can anyone help with this accounting question?
If there are no other equity transactions during the year, what was the par value of Maryann Co.'s shares at the end of the year. How many shares were outstanding.
Maryann Co. has 10,000 shares outstanding with $20 par at January 1st. The following events transpired during the year:
3/1 A cash dividend of .50 per share was paid
6/1 The stock split 2 for 1.
9/1 A cash dividend of .50 per share was paid.
11/1 A 100% stock dividend was declared and issued.
12/1 2,000 shares were repurchased for the treasury.
1 AnswerOther - Business & Finance1 decade ago