Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Ferguson Metals is a decentralized mining, smelting and metals company with three divisions: mining, lead, and copper.The mining division owns the ore mines that produces the lead and copper that occur in the vein. Mining removes the ore, crushes it and smelts it to separate the metals from the crushed rock. It then sells the two products to the other two divisions: lead and copper. Each batch mined yeilds 50 tons of lead and 25 tons of copper. One ton is 2,000 pounds. The metals are transferred from mining to the lead and copper division at cost plus a small profit to give mining an incentive to produce. Mining Division Income Statement per Batch.
*Based on a normal volume of 100 batches per year. Metal Division Income Statement
*The metal costs exceed the costs of the mining division because some metals are purchased on the open market to expand capacity and to smooth production of the downstream industrial products. The current market price for copper is roughly $0.60 per pound; for leads it is $0.30 per pound. But these prices are for substantially purer copper and lead than the mining division has the ability to produce. Mining could sell its lead in the market at its current purity level for $0.17 per pound. Since the metal divisions are currently incurring the cost to refine the metals to the purity levels they require, management does not believe it is equitable to charge the divisions the current market prices for the unrefined metals. If the metals were transferred at market prices, the lead and copper divisions would be paying twice for the refining process and the mining division would be rewarded for a level of purity it is not providing.
The Keego Company is planning a $200,000 equipment investment which has an estimated five-year life with no estimated salvage value. The company has projected the following annual cash flows for the investment.
S Corp uses the following activity rates from its activity-bases costing to assign overhead costs to products.
Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?
question 1nbspblue ridge company manufactures a product that sells for 60 per unit. blue ridge incurs a variable cost
the cost of an asset less accumulated depreciation equalsa. book value.b. residual value.c. depreciation expense.d.
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each..
The below is a list of activities to be included in the preparation of UMUC's 2013 statement of cash flows. Prepare, IN GOOD FORM, the statement of cash flow under the indirect method.
A company expected its annual overhead costs to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent..
If an available-for-sale investment is sold for which there are unrealized gains in accumulated other comprehensive income (AOCI), a reclassification adjustment affects other comprehensive income (OCI) in the period of sale by
Imagine you are preparing a business s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision?
To ensure achievement of these goals, what are the steps taken in the evolution of an FASB Statement of Financial Accounting Standards.
Assuming everything else is the same, is this simple concentration on the dividend payout of the company a good valuation technique? Take the FALSE approach with your answer.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd