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    Devry University
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Category > Management Posted 22 Dec 2017 My Price 10.00

data about a possible planned investment

41) (6 points) Bryant Company has obtained the following data about a possible planned investment:

 

Cost                                                                                                  $155,000

Terminal salvage value in 10 years                                                       $5,000

Annual cash operating savings for 10 years (end of year)                 $25,000

Estimated useful life in years                                                                      10

Minimum desired rate of return                                                                 8%

 

The company uses straight-line depreciation method for financial reporting. Ignore income taxes. The cash operating savings of $25,000 do not include depreciation expense.

 

Required:

 

A) Compute the net present value of the investment.

 

 

 

 

 

 

____________________

 

 

B) Compute the payback period.

 

 

 

 

 

 

 

____________________

 

 

C) Compute the accounting rate of return using the initial required investment.

 

 

 

 

 

____________________

 

 

 

 

 

 

43) (4 points) Parker Company uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours (they do not use a standard costing system). Last year manufacturing overhead and direct labor-hours were estimated at $50,000 and 20,000 hours, respectively, for the year. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year, it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs.

Required:

a. Job #461 contained 100 units. Determine the unit product cost that would appear on the job cost sheet.

 

 

____________________


b. Determine the underapplied or overapplied overhead for the year.

 


____________________

 

44) (4 points) Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and amounts:

 

Standard direct labor hours per batch of pies

1.5

Standard direct labor cost per hour

$19.00

 

Nixon's Diner baked 425 batches of pies in the most recent month. Actual costs and usage levels were as follows:

 

Actual direct labor hours per batch of pies

2

Actual direct labor cost per hour

$17.75

 

Required:

 

a.         Calculate the labor rate variance.

 

 

 

 

 

 

____________________

 

 

b.         Calculate the labor efficiency variance.

 

 

 

 

 

 

 

____________________

 

 

 

 

45) (5 points) The following data is related to sales and production of the Tauro Corporation for last year.

Selling price per unit

$60.00

Variable manufacturing cost per unit

$25.00

Variable selling and administrative expense per unit

$6.00

Fixed manufacturing overhead (in total)

$50,000

Fixed selling and administrative expenses (in total)

$8,000

Units produced during year

10,000

Units sold during year

8,000

Units in beginning inventory

0

 

a)         Prepare an income statement for last year using variable costing.

   
   
   
   
   
   
   
   
   
   
   

 

b) Reconcile the variable and absorption costing income amounts (show at least an indication of your calculations for the difference).

   
   
   
   
   
 

Answers

CourseLover
(12)
Status NEW Posted 22 Dec 2017 06:12 AM My Price 10.00

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