Reference no: EM131321428
Accounting Assessment
1. Ohio Corporation sells its product for $16 per unit and incurs variable costs of $10 per unit and total fixed costs of $12,000. What is Ohio Corporation's break-even point for sales of this product?
2. Arkansas Company provided the following information at the end of 2010:
Beginning balance in Work-In-Progress $ 300,000
Ending balance in Work-In-Progress 350,000
Beginning balance in Finished Goods 400,000
Ending balance in Finished Goods 350,000
Direct materials costs 1,000,000
Direct labor costs 2,000,000
Manufacturing overhead 2,000,000
Selling expenses 300,000
General and administrative expenses 200,000
Sales 8,000,000
Prepare an income statement for fiscal year 2010.
3. Process costing systems and job-order costing systems both produce information on the costs of producing a firm's products, but each system is most appropriate for certain kinds of approaches to production. Explain what approaches to production job-order costing are most appropriate, and explain why job-order costing is appropriate in those approaches to production?
4. Nevada Appliance Company uses a job-order costing system and allocates overhead based on the cost of the installer's time. Annual installer's time was estimated at the beginning of the year to be $400,000 for the year, and company overhead was estimated to be $200,000 for the year.
If an installation job requires parts costing $100 and an installer's time costs $200, what would be the total cost of the job in this job-costing system? In this case, why would using a predetermined overhead rate be better than assigning actual overhead costs to each installation job?
Putting the money into a short-term investment account
: Donna plans to save for a vacation to Costa Rica in 18 months. She will be putting the money into a short-term investment account earning 4% annually. How much will Donna have to put away at the beginning of each month if the total package cost for t..
|
How easy or difficult ms project seems to be from a user
: Give your opinion on how easy or difficult MS Project seems to be from a user experience standpoint.Suggest at least two (2) challenges you foresee in using MS Project in this course.Describe why it is important to use a tool like MS Project instead..
|
Different from the actual stock price at the stock market
: The stock value/price that is determined using the formula in the textbook (stock valuation) may be different from the actual stock price at the stock market. Why? When does an option - a call option or a put option - mitigate a stock loss and improv..
|
Develop a mobile application with a cloud-based backend
: Develop a mobile application with a cloud-based backend and a mobile device front-end that are capable of advancing and unlocking the huge potential of the mobile cloud landscape and its capabilities.
|
Explain what approaches to production job-order costing
: Explain what approaches to production job-order costing are most appropriate, and explain why job-order costing is appropriate in those approaches to production?
|
Explain the most common forms of digital crime
: Explain the four (4) major categories of computer crimes, and provide at least one (1) example for each.Explain the most common forms of digital crime.Determine the category of computer crimes or cyber terrorism that presents the greatest overall t..
|
Current account deficit have financial account surplus
: Why does the U.S. that incurs large current account deficit have financial account surplus? Should we worry about the large U.S. Current Account Deficit?
|
What is the magnification
: A camera is equipped with a lens with a focal length of 40 cm. When an object 2.1 m (210 cm) away is being photographed, what is the magnification?
|
Center of the record
: A 3.49 rad/s (33rpm) record has a 5.03-kHz tone cut in the groove. If the groove is located 0.100 m from the center of the record (see drawing), what is the "wavelength" in the groove?
|