Lavape Rapide is a Canadian company that owns and operates a large avo.pdf

•

0 gefällt mir•14 views

Lavape Rapide is a Canadian company that owns and operates a large avomatic car wash facility near Montreal The following table provides estimates concerning the company's costs: For example, eiectricity costs should be $1 , 400 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Requlred: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e. zero variance). Input all amounts as positive values.).

Bildung

Weitere ähnliche Inhalte

Ähnlich wie Lavape Rapide is a Canadian company that owns and operates a large avo.pdf

Uop acc-290-week-4-wiley plus

avengershulk294

Acct 505 final exam

teocaduffspook1984

Week 3 DQs LIFO vs. FIFO The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods? Depreciation A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method? Assignment 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s a. cost of goods sold. b. gross profit. c. ending inventory. 2. Inventory valuation methods: basic computations. The January beginning inventory of the White Company consisted of 300 units costing $40 each. During the first quarter, the company purchased two batches of goods: 700 Units at $44 on February 21 and 800 units at $50 on March 28. Sales during the first quarter were 1,400 units at $75 per unit. The White Company uses a periodic inventory system. Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods. FIFO LIFO Weighted Average Goods available for sale $ $ $ Ending inventory, March 31 Cost of goods sold 3. Perpetual inventory system: journal entries. At the beginning of 20X3, Beehler Company implemented a computerized perpetual inventory system. The first transactions that occurred during 20X3 follow: · 1/2/20X3 Purchases on account: 500 units @ $6 = $3,000 · 1/15/20X3 Sales on account: 300 units @ $8.50 = $2,550 · 1/20/20X3 Purchases on Account: 200 units @ 5 = $1,000 · 1/25/20X3 Sales on Account: 300 units @ $8.50 = $2,550 The company president examined the computer-generated journal entries for these transactions and was confused by the absence of a Purchases account. a. Duplicate the journal entries that would have appeared on the computer printout under FIFO & LIFO b. Calculate the balance in the firm’s Inventory account under each method. c. Briefly explain the absence of the Purchases account to the company president. 4. Inventory valuation methods: computations and concepts. Wild Riders Surfboard Company began business on January 1 of the current y.

Week 3 DQsLIFO vs. FIFOThe controller of Sagehen Enterprises.docx

melbruce90096

1. Exercise 8-13 Basic Payback Period and Simple Rate of Return Computations [LO8-1, LO8-6] A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: Purchase cost of the equipment $ 682,000 Annual cost savings that will be provided by the equipment $ 110,000 Life of the equipment 10 years Required: 1-a. Compute the payback period for the equipment. 2. Problem 10-22 Performance Report for a Nonprofit Organization [LO10-1, LO10-4, LO10-6] The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit neighboring islands causing many injuries. The hurricane largely bypassed St. Lucia, but residents of St. Lucia willingly donated their blood to help people on other islands. As a consequence, the blood bank collected and processed over 20% more blood than had been originally planned for the month. A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued support from the government depends on the blood bank’s ability to demonstrate control over its costs. St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Results Planning Budget Variances Liters of blood collected 880 700 Medical supplies $ 10,505 $ 8,365 $ 2,140 U Lab tests 12,359 10,185 2,174 U Equipment depreciation 2,020 1,800 220 U Rent 1,300 1,300 0 Utilities 286 260 26 U Administration 14,245 14,100 145 U Total expense $ 40,715 $ 36,010 $ 4,705 U The managing director of the blood bank was very unhappy with this report, claiming that his costs were higher than expected due to the emergency on the neighboring islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other islands. The government official who prepared the report countered that all of the figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than promised in the budget. The following cost formulas were used to construct the planning budget: Cost Formulas Medical supplies $11.95q Lab tests $14.55q Equipment depreciation $1,800 Rent $1,300 Utilities $260 Administration $12,700 + $2.00q Required: 1. Complete the performance report for September using the flexible budget approach. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations and round your final answers to nearest whole dollar.) 3. Problem 11-14 Basic Variance Analysis [LO11-1, LO11-2, LO.

1.Exercise 8-13 Basic Payback Period and Simple Rate of R.docx

christiandean12115

Fazio pump corporation

Ambuj Singh

How to track shipping expenditure with shipping reports

SharmilaYeduru

Ähnlich wie Lavape Rapide is a Canadian company that owns and operates a large avo.pdf (6)

Uop acc-290-week-4-wiley plus

Acct 505 final exam

Week 3 DQsLIFO vs. FIFOThe controller of Sagehen Enterprises.docx

1.Exercise 8-13 Basic Payback Period and Simple Rate of R.docx

Fazio pump corporation

How to track shipping expenditure with shipping reports

Mehr von Dominicf8TStewartz

Let A and B be events with P(A)-0-2-P(B)-0-9- and P(A and B)-0-12- Are.pdf

Dominicf8TStewartz

Leon and Heidi decided to invest $3 , 500 annually for only the first seven years of their marriage. The first payment was made at age 25 . If the annual interest rate is 10% , how much accumulated interest and principal will they have at age 70 ? Click the icon to view the interest and annuity table for discrete compounding when i = 10% per year. The accumulated interest and principal will equal \$ . (Round to the nearest dollar.).

Leon and Heidi decided to invest $3-500 annually for only the first se.pdf

Dominicf8TStewartz

Laurel Enterprises expects earnings next year of $4.34 per share and has a 50% retention rate, which it plans to keep constant. Its equity cost of capital is 11% , which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 5.5% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be? The current stock price will be (Round to the nearest cent.).

Laurel Enterprises expects earnings next year of $4-34 per share and h.pdf

Dominicf8TStewartz

Larry is 23 years old and just graduated from Concordia- He is taking.pdf

Dominicf8TStewartz

LA USE SALT (c) (Uve a tath ar techingegy- heund your anwer to theee d.pdf

Dominicf8TStewartz

Katy is told by her physician that she is iron deficient- Why could th.pdf

Dominicf8TStewartz

Julia Monroe wants to create a fund today that will enable her to with.pdf

Dominicf8TStewartz

karunferme lngets- thahufurbe in erat 1- Propare a minesiat fur wihtul.pdf

Dominicf8TStewartz

Juliet just had her palatine tonsils removed due to recurrent infectio.pdf

Dominicf8TStewartz

Journal entry 1 Journal entry 2 journal entry 3 journal entry 4 journal entry 5 M. Harris, the owner, invested $13,250 cash and $56,975 of photography equipment August 1 in the company. August 2 The company paid $2,500 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,518 cash. August The company received $3,800 cash from taking photos for customers. 20 August The company paid $881 cash for August utilities. 31.

Journal entry 1 Journal entry 2 journal entry 3 journal entry 4 journ.pdf

Dominicf8TStewartz

Joetz Corporation has gathered the following data on a proposed investment noninct fgnore income taxes) The compary uses straight-line depreciation on all equipment. Assume cash llows occur unilormsy throughout a year except for the initial investment. Click here to view Extibit 10-1 and Exhibe 10-2, to determine the appropriate discount foctor(s) using the tables provided. The internal rate of return of the investment is closest to: Multiple Chicice 228 24 x.

Joetz Corporation has gathered the following data on a proposed invest.pdf

Dominicf8TStewartz

John consumes bananas ( B ) and apples ( A ). His utility function is given by U = 3 B 0.5 + 2 A 0.5 . That means bundle I ( A = 2, B = 8) and bundle II ( A = 4, B = 4): lie on the same indifference curve and have the same utility. lie on different indifference curves, and bundle II has greater utility than bundle I. lie on different indifference curves, and bundle I has greater utility than bundle II. lie on different indifference curves, and bundle I has the same utility as bundle II. Which line is right? Thank you for helping! :).

John consumes bananas (B) and apples (A)- His utility function is give.pdf

Dominicf8TStewartz

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes): The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using the tables provided. The internal rate of return of the investment is closest to:.

Joetz Corporation has gathered the following data on a proposed invest (1).pdf

Dominicf8TStewartz

Jim Crow Museum Tour and the video on Blackface in Hollywood- 1- Brief.pdf

Dominicf8TStewartz

Jane Austen is a functional manager. Which of the below statements best describes what this type of manager's responsibility? Selected answer will be automatically saved, for keyboard navigation, press up/down arrow keys to select an answer. a She is responsible for several departments that perform different functions. b She organizes people across departments to perform a specific task. c. She is responsible for a self-contained division and all the departments within it. d She supervises employees with similar training and skills and performs similar jobs. e None of these.

Jane Austen is a functional manager- Which of the below statements bes.pdf

Dominicf8TStewartz

Ivanhoe Incorporated has the following information available about the jobs worked on during the month of February 2022 : Jobs 110 and 111 were completed in February and Job 111 was sold on account for $92 , 700 in February. Journalize the entries forshe completion of the two jobs and the sale of Job 111. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Journalize the entries for the completion of the two jobs and the sale of Job 111. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) What was the balance in Work in Process Inventory on February 28,2022 assuming Work in Process had a zero balance on February 1, 2022? Balance in work in process inventory $ List of Accounts.

Ivanhoe Incorporated has the following information available about the.pdf

Dominicf8TStewartz

Ivanhoe Industries has three activity cost pools and two products- It.pdf

Dominicf8TStewartz

It is realized that the Number of Weekly riders (count) commuting in a country depends on the age of the Population of the city, Price per week, Monthly income of riders and Average Parking Rates. 1. What are the dependent (output) and independent variables (input)? 2. Conduct a regression analysis include all inputs/ independent variables. a. What is the regression function? ( Hint : Y = + 1 * (x1) + 2*(x2) + 3*(x3) ) b. From the summary output above, was there any independent variable (input) that was not statistically significant (p value > 0.05)? If so, which one.

It is realized that the Number of Weekly riders (count) commuting in a.pdf

Dominicf8TStewartz

IQ scores have a bell-shaped distribution with mean of 100 and standar.pdf

Dominicf8TStewartz

Interpret the YED for coffee- does income significantly affect consump.pdf

Dominicf8TStewartz

Mehr von Dominicf8TStewartz (20)