Select the answer that best describes what is being asked. Consider the given table below: 1. How many teller/s incur/s the highest expected cost? a. 1 teller b. 2 tellers c. 3 tellers d. 4 tellers 2. How many number of teller/s incur/s the lowest expected cost? a. 2 tellers b. 3 tellers c. 4 tellers d. 5 tellers 3. What is your managerial decision if you currently have 3 tellers? a. Maintain three tellers b. Reduce the number of customers by limiting the facility c. Employ two additional tellers d. Layoff one teller

Select the answer that best describes what is being asked. Consider the given table below: 1. How many teller/s incur/s the highest expected cost? a. 1 teller b. 2 tellers c. 3 tellers d. 4 tellers 2. How many number of teller/s incur/s the lowest expected cost? a. 2 tellers b. 3 tellers c. 4 tellers d. 5 tellers 3. What is your managerial decision if you currently have 3 tellers? a. Maintain three tellers b. Reduce the number of customers by limiting the facility c. Employ two additional tellers d. Layoff one teller

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) Hours of January February March April May June July August September October November December Sum Average A coefficient B coefficient Standard error of the a coefficient Standard error of the b coefficient Standard error of the estimate R² T-value a T-value b Activity 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 49.515 0.12126 Maintenance Costs 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $ $ 43,200 3,600 684.65 7.2884 34.469 0.99724 13.827 60.105 What is the variable cost per hour using the high-low…
Evaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99
Sales are 150000 OMR, variable cost = 110000 OMR, Fixed cost 90000 calculate :BEP sales Select one
On the cost-volume-profit graph, the area between the total cost line and the sales line after the break-even point represents: O a. The contribution margin per unit O b. The profit area O c. The variable cost amount O d. The fixed cost amount O e. The loss area US PAGE NEXT PAGE nere to search O W 19:09 A O D a d) ENG 07-04-2021 hp prt sc delete home end & 9 + backspace num lock R T P home D F G H K enter レ pause ↑ shift 11 end alt ctrl
Q. 8 Which following costs need to be considered for both make or buy options? O. Fixed overhead O. Variable overhead O. Rental revenue Q. 9 What is the per unit cost to purchase from the vendor? Round to the nearest penny. Q. 10 Based on your analysis, the CreativeStationary Co. should make the product in-house or buy them from the vender? O. Make O. Buy Do (Q8,9,10 plz)
Stong Company ppies ovehead based on machine hun Ahe begn ancturng iehead wodbe S20000 and machine houn woud 20.000 y 20 end atal u 2 Ohe ba ofhisbmaton he20t premined ndacal 04 per achine hour per mache hou per mache hour O permachne hour $22 per machne houl
Introduction te X Math Fundam x O The Finance St X Foundations o x C Seafood - Eat X G Wakefield, Rhc X Login A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false CengageNOW Chapter 17 Homework eВook Show Me How Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work In Process-Baking Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit Dec. 1 Bal., 8,700 units, 2/5 completed 19,140 31 Direct materials, 156,600 units 297,540 316,680 31 Direct labor 82,180 398,860 31 Factory overhead 46,220 445,080 31 Goods finished, 158,700 units 428,316 16,764 31 Bal., ? units, 4/5 completed * 16,764 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost…
QUESTION 2/15 2020033800068702: From the following information distribute cost of Time Keeping department among various other departments: Total cost of Time keeping department as per primary Distribution: Rs. 10000, Ratio of Stores Requisition: 4:3:2:1, Ratio of Machine Hours: 3:3:2:2, Ratio of No of Employee: 3:4:2:1 and Ratio of Floor area: 5:3:1:1 O Rs. 4000, Rs. 3000, Rs. 2000 and Rs. 1000 O Rs. 3000, Rs. 3000, Rs. 2000 and Rs. 2000 O Rs. 3000, Rs. 4000, Rs. 2000 and Rs. 1000 O Rs. 5000, Rs. 3000, Rs. 1000 and Rs. 1000
Using the data below compute of the following: Contribution margin per unit in 3. 2018, 4. 2019 5. 2020 BEP in sales units in 6. 2018 7. 2019 8. 2020 BEP in peso sales in 9. 2018 10. 2019 11. 2020 What is the required sales in unit for the desired Net profit 12. 2018 13. 2019 14. 2020 2018 2019 2020 Sales per unit Desired profit Fixed costs. P7.50 P9.00 P10.00 P15,000 P28,000 P30,000 360,000 375,000 420,000 Variable cost Cost per unit: Variable cost 2.50 4.00 4.00
3. Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Mont Sales Orders Order-Processing Costs $ 132,320 h 1 3,000 2 3 1,500 80,600 4,400 193,120 4 2,800 131,040 5 2,300 111,640 6. 1,200 68,960 7 2,000 100,000 The data was plotted on a scatter diagram as following: Please visually check the scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly production costs. Please show your steps and calculations.
Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 • Selling price per unit • Accounts receivable, beginning balance • Sales collected in the quarter sales are made • Sales collected in the quarter after sales are made • Desired ending finished goods inventory is • Finished goods inventory, beginning • Raw materials required to produce one unit • Desired ending inventory of raw materials is • Raw materials inventory, beginning • Raw material costs • Raw materials purchases are paid and • Accounts payable for raw materials, beginning balance $12 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 •Direct labor cost per hour •Direct labor hour per unit $15 per hour 0.2 hour per unit $2 per hour $60,000 •Variable MOH rate…
Calculate the profitability of the following proposal using Average rate return (ARR) methodProposal IAutomatic machine Cost OMR 320000Estimated life4.5 yearsEstimated sales P.A 220000Cost : Material OMR 60000 Labour OMR 22000 Variable overheads OMR14000 a.16.53% b.3.19% c.4.62% d.All the options are wrong