Homework 2 Topics 10 To 14 Spring 2015; Please Complete All

Homework 2 Topics 10 To 14 Spring 2015please Complete All 10 Proble

Please complete all 10 problems in order. Turn in the solutions on the due date by uploading them as one file on Blackboard. If using Excel, copy and paste the work into a Word file. Do not submit Excel files separately. Your work should be organized in order.

Paper For Above instruction

Problem 1: Costs Classification and Behavior

Calamari Manufacturing produces small electric engines. Classify each cost as either direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost (PC). Additionally, indicate whether each cost is variable (V) or fixed (F) with respect to behavior:

  • Commissions paid to salespeople
  • Straight-line depreciation on the factory building
  • Salary of the plant supervisor
  • Wages of the assembly-line workers
  • Machine lubricant used in production activities
  • Engine casings used in production activities
  • Advertising placed in trade journals
  • Lease payments for the president's automobile
  • Property taxes paid on the factory facilities

Problem 2: Cost of Goods Manufactured and Sold

Parrish's Manufacturing has the following data: (Data provided in the problem)

Required:

  1. Calculate Parrish's cost of goods manufactured.
  2. Calculate Parrish's cost of goods sold.

Problem 3: Inventory, Cost, and Income Calculation

Hamilton Company’s inventory balances at the start and end of the year are given. During the year, purchases were $100,000, direct labor costs were $340,000, and manufacturing overhead was $450,000. Sales were $1,560,000; selling and administrative expenses were $90,000; tax rate is 30%.

Required:

  1. Calculate cost of goods manufactured.
  2. Calculate cost of goods sold.
  3. Determine net income.

Problem 4: Cost Classification

Lettman Corporation provides a partial list of costs incurred in November. Determine:

  1. The total production/inventoriable costs.
  2. The total period costs.

Problem 5: Cost Estimation at a Given Activity Level

Given the company's cost structure, estimate at 40,000 units:

  • Total variable cost
  • Total fixed cost
  • Variable cost per unit
  • Fixed cost per unit

Problem 6: Maintenance Cost Estimation

Using the high-low method, estimate the variable and fixed components of maintenance costs based on machine-hours data provided for Slonaker Inc.

Problem 7: Cost-Volume-Profit Analysis for Iron Decor

Management has estimates for next year. Compute:

  • Unit contribution margin
  • Contribution margin ratio
  • Break-even sales in dollars
  • Margin of safety percentage

Further, analyze the effects of a sales increase of 20% and cost increases of 15% (variable) and 12% (fixed) on break-even sales and net income.

Problem 8: Operating Leverage and Sales Changes

Using Butremovic Corporation's contribution income statement data, compute:

  1. Degree of operating leverage (DOL)
  2. Projected percentage change in net operating income for an 8% sales increase

Problem 9: Break-even Analysis for Torri Inc.

Torri Inc. sells two products. Given sales and variable expenses, with fixed expenses of $48,310, determine:

  1. The overall break-even point in sales dollars.
  2. The effect of a shift toward Product C34M sales on the break-even sales point.

Problem 10: Costing Systems Identification

Identify whether each listed company is most likely to use job-order costing or process costing based on their industry:

  1. Elevator production and installation
  2. Cattle feedlot
  3. Brick manufacturing
  4. Architectural firm for custom homes
  5. Winery
  6. Synthetic rubber manufacturing

Additional Task Selection

Choose one of the following assignments to complete: Options 1-8, which involve creating a transcript, brochure, plans, handouts, or presentations related to psychology theories and applications, with detailed content requirements provided in the prompt.

End of assignment instructions.

Related Assignments