Control of our manufacturing overhead costs
You have just been hired by SecuriDoor Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control.
After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for April:
During April, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20,000 machine-hours during April.
Prepare a flexible budget for April.
Prepare a report showing the spending variances for April.
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Napredna Tehnologijaestimates the following data for the coming year. If the firm follows the residual dividend model and also maintains its target capital structure, what will its dividend payout ratio be?
In 2014, Bailey Corporation discovered that equipment purchased on January 1, 2012, for $45,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value.
What is the net investment required for a pitting machine that will cost $35,000 including installation? The machine replaces a machine that cost $5,000 when purchased five years ago.
The rental revenue is from rents collected in advance. The $30,000 will be earned evenly over the next two years (per GAAP).
You have just been hired by SecuriDoor Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our
Jefferson and Sons has total assets of $807,200, total equity of $509,500, total sales of $945,300, and net income of $25,600. What is the profit margin?
The income tax rate is 40% for all years. Prepare the journal entries for income taxes for the years 2012-2014. Please show work.
The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million. The beta of the company's common stock is 1.25, and the market return (Km) is 13%. If the Treasury bill rate (Rf) is
The agreed purchase price was $2,350,000, and this amount was paid in cash kto the previous owners of the Bell Company.prepare the entry for the Edge Company to record the purchase.
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