Accounting Help for College and University Students

Accounting Review

Prepare balance sheet, journalize entries, bank reconciliation. See attached file for full problem description.

Income statement, balance sheet accounts

Income statement, balance sheet accounts. See attached file for full problem description.

Journalizing transactions, depreciation, net sales and net profit

Journalizing transactions, depreciation, net sales and net profit. See attached file for full problem description.

Prepare bank statement, calculate cost of goods sold and other income statement accounts

Prepare bank statement, calculate cost of goods sold and other income statement accounts

1) Dillard Company has calculated its annual total fixed costs to be $50,000. Production for recent years has averaged 40,000 units with total variable costs of $80,000. Based on the foregoing data, complete the table below. 2) Prepare the purchases budget for April, May, and June. 3) Complete the flexible budget. 4) a) Prepare summary journal entries for October. b) Prepare the journal entry to write off the overallocated or underallocated conversion costs. 5) Assume annual net cash inflows are $200,000 for the first two years and $180,000 for the third and fourth years. What must net cash inflows be in the fifth year to achieve a 4.5 year payback?

1. Dillard Company has calculated its annual total fixed costs to be $50,000. Production for recent years has averaged 40,000 units with total variable costs of $80,000. Based on the foregoing data, complete the table below. Assume all activity levels are within the relevant range. Activity Level Total Fixed Costs Unit Fixed ...continues

Cost Accounting: one-time-only special order, target cost, life-cycle revenues, pricing

Exercise 1. Backwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $80 per table, consisting of 70% variable costs and 30% fixed costs. The company has surplus capacity available. It is Backwoods' policy to add a 50% markup to full costs. Required a. Backwood ...continues

Coefficient of regression

A survey shows the following relationship between advertisement and sales # of Ads Sales(000) 11 4 12 2 13 6 14 10 15 8 a) Compute the coefficient of regression for this survey b) What is the value of point of intercept?

Control charts, PERT network, Forecasting (using linear trend equation, moving average, Exponential smoothing, optimal order quantity

Problem 1. The perfect Circle Company manufactures bushings. Once each hour a sample of 125 finished bushings is drawn from the output; each bushing is examined by a technician. Those which fail are classified as defective; the rest are satisfactory. Here are data on ten consecutive samples taken in one week: Sample no. 1 ...continues

Sales budget: Compare actual with the budgeted figures. 1. Compute the increase or decrease of actual unit sales for the year ended Dec. 31, 2003, over budget. Place answers in a columnar table with the following format: (see attachment for format) 2. Assuming that the trend of sales indicated in (1) is to continue in 2004, compute the unit sales volume to be used for preparing the sales budget for the year ending Dec.31, 2004. Place your answers in a columnar table with the following format. ((see attachment for format) Round budgeted units to the nearest thousand. 3. Prepare a sales budget for the year ending Dec. 31, 2004

Renoir Frame Company prepared the following sales budget for the current year: Renoir Frame Company Sales Budget For the year ending Dec. 31, 2003 Product and Area Unit Sales Unit Selling Total Sales Volume Price 8”X10” Frame: East……………… $25,000 $8.00 $200,000 Central……………… 32,000 8.00 ...continues

Journalize transactions and adjusting entries.

The following items were selected from among the transactions completed by Pride Polymers during the current year... 1. Journalize the transactions. 2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year: (a) Product warranty cost, $11,200 (b) Interest of the six remaining ...continues