Winter Accounting Assignment Support

Winter Accounting Assignment Support
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Winter Accounting Assignment Support

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14. Three workers (Govind, Ram and Shyam), having worked for 8 hours, produced 80, 100 and 120 pieces of...
Three workers (Govind, Ram and Shyam), having worked for 8 hours, produced 80, 100 and 120 pieces of a product X, respectively, on a particular day in May in a factory. The time allowed for 10 units of product X is 1 hour and their hourly rate is Rs 4. Calculate for each of the three workers earnings for the day under (a) straight piece-rate, (b) Halsey's premium bonus (50% sharing) and (c) Rowan's premium bonus methods of labour remuneration.
15. I. Escuchar Some items were left behind in a classroom. Read the questions below, listen to the...
I. Escuchar
Some items were left behind in a classroom. Read the questions below, listen to the voicemail message from the custodian, and then answer the questions.

1. ¿Para quién (for whom)es el mensaje?

a.para el profesor Pérez b.para el profesor de italiano c.para los estudiantes

2.ro,(7) gusto es mío. PEDRO Cristina es un (8) muy bonito. CRISTINA(9) ,Pedro.




G. Lectura Read Clara’s blog entry, then fill in the blanks.(6x3pts.each=18pts.)


6. Sus hermanos se llaman Luis, Paco y .

III. Escribir
Saludos Write a conversation in which two students introduce themselves, ask each other how they are doing, ask each other where they are from, mention what time it is,and say goodbye. Use vocabulary and grammar from this lesson.
16. For an organization that has not implemented ERM, describe stepsthe internal audit function can...
Answer this Q from the book attachment from chapter 5
1-How does COSO define mission, vision, and core values?
5. For an organization that has not implemented ERM, describe stepsthe internal audit function can take to initiate an ERM program without impairing the function’s independence and/or objectivity?
8-It may be easier for some to understand ERM by thinking about five“everyday questions” that can be used to apply risk management thinking:a. What are we trying to accomplish (what are our objectives)?b. What could stop us from accomplishing them (what are the risks,how bad could they be, and how likely are they to occur)?c. What options do we have to make sure those things do not happen(what are the risk management strategies, that is, responses)?d. Do we have the ability to execute those options (have we designed and executed control activities to carry out the risk management strategies)?e. How will we know that we have accomplished what we wanted to accomplish (does the information exist to evidence success, and can we monitor performance to verify that success)?
Think about the reasons you decided to take this course and answer each of those questions with a focus on achieving your desired level of success.
do not copy from thw book 100% use your word
i need it 4 bag or 3
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Licensed to Customer No. 2130723@iiaext.org. Re-distribution is prohibited.Licensed to Customer No. 2130723@iiaext.org. Re-distribution is prohibited. Copyright © 2017 by the Internal Audit Foundation. All rights reserved. Published by the Internal Audit Foundation 1035 Greenwood Blvd., Suite 401 Lake Mary, FL 32746, USA No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means—electronic, mechanical, photocopying, recording, or otherwise—without prior written permission of the publisher. Requests to the publisher for permission should be sent electronically to: bookstore@theiia.org with the subject line “reprint permission request.” Limit of Liability: The Foundation publishes this document for informational and educational purposes and is not a substitute for legal or accounting advice. The Foundation does not provide such advice and makes no warranty as to any legal or accounting results through its publication of this document. When legal or accounting issues arise, professional assistance should be sought and retained. The Institute of Internal Auditors’ (IIA’s) International Professional Practices Framework (IPPF) comprises the full range of existing and developing practice guidance for the profession. The IPPF provides guidance to internal auditors globally and paves the way to world-class internal auditing. The IIA and the Foundation work in partnership with researchers from around the globe who conduct valuable studies on critical issues affecting today’s business world. Much of the content presented in their final reports is a result of Foundation-funded research and prepared as a service to the Foundation and the internal audit profession. Expressed opinions, interpretations, or points of view represent a consensus of the researchers and do not necessarily reflect or represent the official position or policies of The IIA or the Foundation. ISBN-13: 978-0-89413-987-1 21 20 19 18 17 1 2 3 4 5 6 7 8 ...

17. Please show working
1. The Overdale plant has two categories of overhead: maintenance and inspection. Costs expected for these categories for the coming year are as follows:
Maintenance A??L120,000
Inspection A??L200,000

The plant currently applies overhead during direct labour hours and expected capacity of 80,000 direct labour hours. The following data has been assembled for use in developing a bid for a proposed job:
Direct materials A??L1,500
Direct labour A??L5,000
Machine hours 400
Number of inspections 6
Direct labour hours 750









Using direct labour hours to assign overhead, the total cost of the potential job would be:

1. A??L9,500
2. A??L6,000
3. A??L3,000
4. A??L1,600
18. Alex Meir recently won a lottery and has the option of receiving one of the following three prize...
Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $21,000 cash immediately and a six-period annuity of $7,700 beginning one year from today, or (3) a six-period annuity of $13,300 beginning one year from today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
1. assuming interest rate of 7% determine PV value
? annunity payment....pv annuity....+ immediate cash....= PV OP
op 1 ? ? ? ?
op 2 ? ? ? ?
?op 3 ? ? ? ?
?2. which option should alex choose? 1, 2, or 3
?3. the weimer comp. wants to accumulate a sum of money to repay certain debts due on 12/31/05. Weimer will make annual deposits of $115,000 into a special bank account at the end of each of the 10yrs beginning 12/31/16. Assuming that the bank account pay 8% interest compoun ded annually, what will be the fund balance after that last payment is made on 13/31/2025?
table function ?
payment ?
n= ?
i= ?
fv= ?
?Can you please just answer the the question marks in simple form
19. James Corp. applies overhead on the basis of direct labor hours. For the month of May, the compan...
James Corp. applies overhead on the basis of direct labor hours. For the month of May, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following overhead budget:
Operating Levels

Overhead Budget 80%
Production in units 8,000
Standard direct labor hours 32,000
Budgeted overhead
Variable overhead costs
Indirect materials $ 22,400
Indirect labor 32,000
Power 6,400
Maintenance 3,200

Total variable costs 64,000

Fixed overhead costs
Rent of factory building 16,000
Depreciation—machinery 11,300
Supervisory salaries 30,300

Total fixed costs 57,600

Total overhead costs $ 121,600


During May, the company operated at 90% capacity (9,000 units) and incurred the following actual overhead costs:
Overhead Costs
Indirect materials $ 22,400
Indirect labor 35,850
Power 7,200
Maintenance 4,405
Rent of factory building 16,000
Depreciation—machinery 11,300
Supervisory salaries 33,100

Total actual overhead costs $ 130,255


Compute the overhead controllable variance.


Total actual overhead $130,255
Flexible budget overhead
Variable
Fixed 57,600
Total 57,600
Overhead controllable variance Unfavorable

Compute the overhead volume variance. (Do not round intermediate calculations.)

Volume Variance
Total fixed overhead applied
Total budgeted fixed OH 57,600
Volume variance


Prepare an overhead variance report at the actual activity level of 9,000 units.

JAMES CORP.
Overhead Variance Report
For Month Ended May 31
Expected production volume
Production level achieved
Volume variance
Controllable Variance Flexible Budget Actual Results Variances Fav./Unfav.
Variable overhead costs:






Fixed overhead costs:





Total overhead costs


20. Tory enterprises pays 238400 for equipment that will last Tory Enterprises pays $238,400 for...
Tory enterprises pays 238400 for equipment that will last
Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation.Â
Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five year period, assuming straight line depreciation.
Tory enterprises pays 238400 for equipment that will last
Accounting Basics
Top of Form
Bottom of Form

21. Which of the following amounts would most likely be subject to the control of the profit center’s...
The following is a summarized income statement of Carr Co.’s profit center No. 43 for March 2005:
Contribution margin $70,000
Period expenses:
Manager’s salary $20,000
Facility depreciation 8,000
Corporate expense allocation 5,000 33,000
Profit center income $37,000
Which of the following amounts would most likely be subject to the control of the profit center’s manager?
1. $70,000
2. $50,000
3. $37,000
4. $33,000
22. 1. Based upon the following data, determine the cost of merchandise sold for August.
1. Based upon the following data, determine the cost of merchandise sold for August.

Merchandise Inventory August 1
$ 75,560
Merchandise Inventory August 31
96,330
Purchases
373,880
Purchases Returns & Allowances
14,760
Purchases Discounts
10,900
Freight In
4,135

2. Using a LIFO perpetual cost flow, calculat...
23. Winger Corp. sells a product for $5 per unit
Winger Corp. sells a product for $5 per unit. The fixed expenses are $200,000 and the unit variable expenses are 60% of the selling price. What sales would be necessary in order for Winger Corp. to realize a profit of $34,000?

A. $700,000
B. $585,000
C. $610,000
D. $420,000
24. Which of the following is NOT an independent verification control?
1. Which of the following is NOT an independent verification control?
a. The shipping department verifies that the goods sent from the warehouse are correct in type and quantity.
b. General ledger clerks reconcile journal vouchers that were independently prepared in various departments.
c. The use of pre numbered sales orders.
d. The billing department reconciles the shipping notice with the sales invoice to ensure that customers are billed for only the quantities shipped.
2. Which function or department below records the decrease in inventory due to a sale?
a. warehouse
b. sales department
c. billing department
d. inventory control
3. Which situation indicates a weak internal control structure?
a. the AR clerk authorizes the write off of bad debts
b. the record-keeping clerk maintains both AR and AP subsidiary ledgers
c. the inventory control clerk authorizes inventory purchases
d. the AR clerk prepares customer statements every month
4. The bill of lading is prepared by the
a. sales clerk.
b. warehouse clerk.
c. shipping clerk.
d. billing clerk.
5. Which of following functions should be segregated?
a. opening the mail and recording cash receipts in the journal
b. authorizing credit and determining reorder quantities
c. shipping goods and preparing the bill of lading
d. providing information on inventory levels and reconciling the bank statement
25. (Missing Amounts) Presented below is financial information for two different companies. Alatorre
(Missing Amounts) Presented below is financial information for two different companies.
Alatorre Company Eduardo Company
Sales revenue $90,000 (d)
Sales returns and allowances (a) $ 5,000
Net sales 81,000 95,000
Cost of goods sold 56,000 (e)
Gross profit (b) 38,000
Operating expenses 15,000 23,000
Net income (c) 15,000
Instructions
Compute the missing amounts.
26. Flora's Gifts reported the following current-month data for its only product. The company uses a ...
Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 84 units-62 units from the January 6 purchase and 22 units from the January 25 purchase. Determine the cost assigned to ending inventory and to cost of goods sold for the following.