Reference no: EM131154877
1. Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below.
|
Department
|
Quarter 1
|
Quarter 2
|
Quarter 3
|
Quarter 4
|
|
Auditing
|
2,400
|
1,860
|
2,310
|
2,680
|
|
Tax
|
3,360
|
2,800
|
2,240
|
2,820
|
|
Consulting
|
1,730
|
1,730
|
1,730
|
1,730
|
Average hourly billing rates are: auditing $83, tax $93, and consulting $105.
Instructions
Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue
2. Stanton Company is planning to produce 1,400 units of product in 2012. Each unit requires 3.50 pounds of materials at $7.00 per pound and a half-hour of labor at $12.60 per hour. The overhead rate is 40% of direct labor.
Instructions
(a) Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead.
(b) Compute the standard cost of one unit of product.
3. In Harley Company, it costs $29 per unit ($20 variable and $9 fixed) to make a product that normally sells for $52. A foreign wholesaler offers to buy 3,180 units at $26 each. Harley will incur special shipping costs of $2 per unit. Assuming that Harley has excess operating capacity, prepare an incremental analysis that indicates the net income (loss) Harley would realize by accepting the special order. Should the order be accepted?
4. Vintech Manufacturing incurs unit costs of $8 ($5 variable and $3 fixed) in making a subassembly part for its finished product. A supplier offers to make 19,700 of the part at $5.90 per unit. If the offer is accepted, Beamer will save all variable costs but no fixed costs.
Prepare an analysis showing the total cost saving, if any, Beamer will realize by buying the part. What should they do?
5. Ridley Company has a factory machine with a book value of $97,200 and a remaining useful life of 4 years. A new machine is available at a cost of $190,800. This machine will have a 4-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $556,000 to $402,200.
Prepare an analysis showing whether the old machine should be retained or replaced.
|
The number of combinations is known as binomial coefficient
: Combinations are not concerned with order. Given a set of n distinct objects, there is only one combination containing all n objects.If we have a set of of n objects, there are n! /((k!)(n - k)!) different ways to select k unordered objects from the ..
|
|
Privacy on a desktop application
: How does data privacy on a mobile device differ from privacy on a desktop application?
|
|
Why will this algorithm favor io-bound processes
: Suppose that a process scheduling algorithm favors those processes that have used the least processor time in the recent past. Why will this algorithm favor /IO-bound processes, but not starve CPU-bound processes
|
|
Explain which is the most likely diagnosis for the patient
: Review and select one of the three provided case studies. Analyze the patient information. Consider a differential diagnosis for the patient in the case study you selected. Think about the most likely diagnosis for the patient.
|
|
Compute the standard cost of one unit of product
: Compute the standard cost of one unit of product. Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead.
|
|
Find the value of k
: Let p(x) = x3 + kx2 + x - 6. Suppose that (x+2) is a factor of p(x). Find the value of k. With the value of k found in (1), factorize p(x)
|
|
Find the current through r3
: Find the current through R3 = 4Ω, by using in network - Nodal analysis- Mesh analysis - Superposition - Thevenin theorem - Norton theorem.
|
|
Create mission and vision statement for health care facility
: Create mission and vision statements for a Health care facility in Richmond, Viriginia and Develop codes of professional conduct which support social responsibility in healthcare Administration.
|
|
Determine the dimension a for which the shear flow
: The design of a beam calls for connecting two vertical rectangular 3/8 X 4-in. plates by welding them to two horizontal 1/2 X 2-in. plates as shown. For a vertical shear V, determine the dimension α for which the shear flow through the welded surf..
|