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1. Quinta Inc. manufactures machine parts for aircraft engines. The CEO is considering an offer from a subcontractor who would provide 2,800 units of product QR128 for a price of $190,000. If Quinta does not purchase these parts from the subcontractor it must produce them in-house with the following costs: In addition to the above costs, if Quinta produces part QR128, there would also be a retooling and design cost of $13,000. Calculate the total relevant costs of producing 2,800 units of product QR128.
2. Carter Inc. produces two products, A and B. Pertinent data follow: There is insufficient labor capacity in the plant to meet the combined demand for both products. Both products are produced through the same production departments. The fixed factory overhead rate is $10 per direct labor hour.
Required:
(1) Calculate the unit contribution margin for each product.
(2) Determine which product should be produced in priority, given the labor constraint, and explain why.
Namiki, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31, 2011. Illustrate what subsequent events should be considered? What procueruse should be considered?
Calculate the following ratios at December 31 2008 acid-test ratio and rate of return on total assets
Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. Explain how much does Sarah have to include in her gross income for 2011?
How would accept the order affect Maui Juda's operating income? In addition to the special order's effect, what other (long-term, qualitative) factors should Maui Juda's managers consider in deciding whether to accept the order?
Explain how should this transaction be reported in Happy’s 12/31/09 year-end financial statements (balance sheet, income statement, cash flow statement)? Give amounts and accounts. Also, the effect on the balance sheet must balance.
Cost of goods sold for the year is $240,000. Evaluate what is the company's average days in inventory?
Determine the cost of goods sold amount for the three transactions above? Evaluate the gross profit for the three transactions above?
Generate balance sheets for the business as of 31 st December, 2010 and 2011.Hint: Report only net equity on the balance sheet and remember that net equity equals the difference between liabilities and assets.)
Purpose entries for Bosio to record (a) its payments to Harper for the right to sublease the building space (b) its payment of the 2009 annual rent to the building owner, and (c) its payments for the office improvements.
Compute the cost allocation rate for each activity. Calculate the average manufacturing cost of each sewing machine assuming direct Materials are $175 per machine.
Isn't there a conflict in looking for fraud on the part of the folks who pay you? If there is a conflict, explain how could we resolve it (be imaginative)? If there is not a conflict, why not?
The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data: Illustrate w hat would be the best equation using the high-low method?
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