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Submitted by Topwriter on Tue, 2012-07-24 02:39
due on Wed, 2012-07-25 02:34
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Accounting

Complete the following assignment by answering the questions and compiling your answers into a word-processing document. Remember to show your work if an answer requires a mathematical solution.

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Submitted by aks198 on Sun, 2014-10-12 22:39
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A+ Answer - Accurate & Economical - Latest Answer (Updated - 10/2014)

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file1.docx preview (1587 words)

xx The work-in xxxxxxx inventory xxxxxxx of x xxxxxxxxxxxxx xxxxxxx shows a xxxxxxx xx xxxxxx at xxx xxx xx an xxxxxxxxxx period. xxx xxxxxxxx xxxxxx of the two xxxxxxxxxx jobs show xxxxxxx of xxxx xxx xxxx for xxxxxx xxxxxxxxx and xxxxxxx of xxxx xxx xxxx for direct labor. xxxx xxxx information, it appears that the company is using a predetermined xxxxxxxx xxxx of direct xxxxxx xxxx xxxxxxxxxx is xxx xxxxx

Work xx xxxxxxxx xxxxxx balance: \$3,000

xxxx direct xxxxxxxx xxxxxxxxxxx -\$800

Less xxxxxx labor (\$400 x \$600) -\$1,000

xxxxxxxx x xxxxxx xxxxx x \$1,200 / xxxxxx x 1.2 = 120% xxxxxxxxxxxxx overhead xxxx xx The xxxxxxxxxx point in dollar sales for Rice xxxxxxx xx \$480,000 and xxx xxxxxxx xxxxxxxxxxxx xxxxxx ratio xx 40 percent. If xxxx Company xxxxxxx x xxxxxx xx \$84,000, xxx xxxx would sales have to total?

xxxx x xxx contribution margin ratio x 60% variable costs of xxxxx

xxx xxxxxxxx xxxxx xx xxxxx x \$480,000 break-even xxxxx x xxxxxxxx variable xxxxx

xxxxxxx BE xxxxx – xxxxxxx variable costs x \$192, xxx xxxxx costs.

xxx \$84,000 xxxxxxx

x x xxxxxxx fixed costs x 84,000 profit + 0.60x

0.4x x 276,000

X x 276,000/0.4

x = xxxxxxxx xxxxx xxxxxxxx for xxxxxx xxxxxx level 3. xxxxxxxx Company’x direct labor xxxx xx xx xxxxxxx xx its conversion cost. xx the manufacturing overhead xxx the xxxx period was xxxxxxx xxx xxxxxx xxxxxxxx xxxx was xxxxxxxx how xxxx is the direct labor xxxxx

Conversion cost (CC) = xxxxxx xxxxx + xxxxxxxxx

CC = \$45,000

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Submitted by Asma on Tue, 2012-07-24 18:52
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price: \$10.00

5

Solution with working is attached

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Please find xxxxxxxx file and xxx me know xx xxxx xxxx xxxxxxxxxxx

xx

file1.docx preview (1420 words)

A xxx work xx xxxxxxxx xxxxxxxxx xxxxxxx of a xxxxxxxxxxxxx xxxxxxx xxxxx a xxxxxxx of 3,0000.00 at xxx xxx xx xx xxxxxxxxxx xxxxxxx xxx xxxxxxxx sheets xx xxx two xxxxxxxxxx xxxx xxxx xxxxxxx xx 500.00 xxx xxxxxx for xxxxxx materials, and xxxxxxx xx 400.00 xxx 600.00 xxx xxxxxx xxxxxx xxxx this info, it appears that the company xx xxxxx xxxxxxxxxxxxx xxxxxxxx xxxx as a xxxxxxxxxx xx xxxxxx labor costs. What percentage is the rate?

xxxxx xxx – xx – xx = Overhead Applied

xxxx – xxx – xxx – xxx – xxx x 1200

1200 xxxxxxxx xxxxxxxxxxxxx xxxxxx labor = 120%

xxxx

xx xxx break-even point in xxxxxx xxxxx for Rice Company xx xxxxxxxxxx and the company's xxxxxxxxxxxx xxxxxx xxxxx is xx xxxxxxxx If xxxx xxxxxxx desires x xxxxxx xx 84,0000.00, xxx xxxx would xxxxx xxxx to total.

xx xxxxx = contribution margin/sales

84,000/.4 x 210,000 additional sales xxxxxx xxx xxxxxx profit

xxxxxxx x 480,000 = 690,000

xxxxxxxxxx Company’s direct labor cost xx 25 xxxxxxx xx its conversion cost. xx the

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