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Do It! Review 11-4a Ayayai Corp. has issued 98,000 shares of $6 par value common

Do It! Review 11-4a Ayayai Corp. has issued 98,000 shares of $6 par value common stock. It was authorized 503,000 shares. The paid-in capital in excess of par value on the common …

Do It! Review 12-2 Do It! Review 12-2 Sarasota Company incurs a cost of $34.53 p

Do It! Review 12-2 Do It! Review 12-2 Sarasota Company incurs a cost of $34.53 per unit, of which $20.63 is variable, to make a product that normally sells for $57.37. A foreign w…

Do It! Review 12-2a Sheffield Corp. reported net income of $105,600 for 2019. In

Do It! Review 12-2a Sheffield Corp. reported net income of $105,600 for 2019. Included in the income statement were depreciation expense of $3,900, amortization expense of $2,900,…

Do It! Review 12-2b Sunland Company Comparative Balance Sheets December 31 Chang

Do It! Review 12-2b Sunland Company Comparative Balance Sheets December 31 Change Increase/Decrease Sunland Company Income Statement For the Year Ended December 31, 2019 Adjustmen…

Do It! Review 12-3 Blue Spruce Corp. issued the following statement of cash flow

Do It! Review 12-3 Blue Spruce Corp. issued the following statement of cash flows for 2019 Blue Spruce Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31…

Do It! Review 12-3 Blue Spruce Corp. issued the following statement of cash flow

Do It! Review 12-3 Blue Spruce Corp. issued the following statement of cash flows for 2019 Blue Spruce Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31…

Do It! Review 12-3 Ivanhoe Company issued the following statement of cash flows

Do It! Review 12-3 Ivanhoe Company issued the following statement of cash flows for 2017. Ivanhoe Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2…

Do It! Review 12-3 Wallowa Company is considering a long-term investment project

Do It! Review 12-3 Wallowa Company is considering a long-term investment project called ZIP. ZIP will require an investment of $121,858. It will have a useful life of 4 years and …

Do It! Review 12-3B Identify where each of the following items would be reported

Do It! Review 12-3B Identify where each of the following items would be reported in the financial statements. Item Financial statement Category Item Financial statement Category 1…

Do It! Review 13-2 Summary financial information for Sheridan Company is as foll

Do It! Review 13-2 Summary financial information for Sheridan Company is as follows Dec. 31, 2017 Dec. 31, 2016 Current assets Plant assets Total assets 211,200 1,393,900 $1,605,1…

Do It! Review 13-3 The condensed financial statements of Ivanhoe Company for the

Do It! Review 13-3 The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) IVANHOE COMPANY Balance Shee…

Do It! Review 13-3 [ Your answer is incorrect. Try again. The condensed financia

Do It! Review 13-3 [ Your answer is incorrect. Try again. The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as follows. (Amounts in tho…

Do It! Review 15-2 Job 201 Job 202 No. Account Titles and Explanation Debit Cred

Do It! Review 15-2 Job 201 Job 202 No. Account Titles and Explanation Debit Credit (a) (To assign materials to jobs.) (b) (To assign labor to jobs.) (c) (To assign overhead to job…

Do It! Review 15-2 Milner Company is working on two job orders. The job cost she

Do It! Review 15-2 Milner Company is working on two job orders. The job cost sheets show the following Direct materials Direct labor Manufacturing overhead Job 201 Job 202 $7,500 …

Do It! Review 15-2 The standard cost of product 777 includes 2.70 units of direc

Do It! Review 15-2 The standard cost of product 777 includes 2.70 units of direct materials at $5.60 per unit. During August, the company bought 29,100 units of materials at $5.65…

Do It! Review 15-5 For Eckstein Company, the predetermined overhead rate is 130%

Do It! Review 15-5 For Eckstein Company, the predetermined overhead rate is 130% of direct labor cost. During the month, Eckstein incurred $100,000 of factory labor costs, of whic…

Do It! Review 16-4 In March, Kelly Company had the following unit production cos

Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kel…

Do It! Review 16-4 In March, Kelly Company had the following unit production cos

Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kel…

Do It! Review 16-4 In March, Kelly Company had the following unit production cos

Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kel…

Do It! Review 16-4 In March, Kelly Company had the following unit production cos

Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kel…

Do It! Review 17-2 Flynn Industries has three activity cost pools and two produc

Do It! Review 17-2 Flynn Industries has three activity cost pools and two products. It expects to produce 3,000 units of Product BC113 and 1,500 of Product AD908. aving identified…

Do It! Review 18-2 Westerville Company accumulates the following data concerning

Do It! Review 18-2 Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level March April May June July Units Produced …

Do It! Review 18-5 Presto Company makes radios that sell for $26 each. For the c

Do It! Review 18-5 Presto Company makes radios that sell for $26 each. For the coming year, management expects fixed costs to total $228,000 and variable costs to be $16.64 per un…

Do It! Review 19-2 Snow Cap Springs produces and sells water filtration systems

Do It! Review 19-2 Snow Cap Springs produces and sells water filtration systems for homeowners. Information regarding its three models is shown below Basic 627 $254 $198 Basic Plu…

Do It! Review 20-1 Nathan T Corporation is comparing two different options. Nath

Do It! Review 20-1 Nathan T Corporation is comparing two different options. Nathan T currently uses Option 1, with revenues of $48,000 per year, maintenance expenses of $3,700 per…

Do It! Review 20-2 (Part Level Submission) (a) Do It! Review 20-3 Mesa Verde man

Do It! Review 20-2 (Part Level Submission) (a) Do It! Review 20-3 Mesa Verde manufactures unpainted furniture for the do-it-yourself (DIY) market. It currently sells a table for $…

Do It! Review 20-2 Maize Company incurs a cost of $35.86 per unit, of which $20.

Do It! Review 20-2 Maize Company incurs a cost of $35.86 per unit, of which $20.96 is variable to make a product that normally sells for s58. 31 ? reign o esalero ers to uy 6,400 …

Do It! Review 20-4 Gator Corporation manufactures several types of accessories.

Do It! Review 20-4 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $503,970, variable expenses of $370,970, and…

Do It! Review 20-4 Gator Corporation manufactures several types of accessories.

Do It! Review 20-4 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $503,710, variable expenses of $372,420, and…

Do It! Review 20-4 Mesa Verde manufactures unpainted furniture for the do-it-you

Do It! Review 20-4 Mesa Verde manufactures unpainted furniture for the do-it-yourself (DIY) market. It currently sells a table for $74. Production costs are $44 variable and $15 f…

Do It! Review 20-4 Mesa Verde manufactures unpainted furniture for the do-it-you

Do It! Review 20-4 Mesa Verde manufactures unpainted furniture for the do-it-yourself (DIY) market. It currently sells a table for $74. Production costs are $45 variable and $10 f…

Do It! Review 20-5 Darcy Roofing is faced with a decision. The company relies ve

Do It! Review 20-5 Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properti…

Do It! Review 20-5 Darcy Roofing is faced with a decision. The company relies ve

Do It! Review 20-5 Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properti…

Do It! Review 20-6 Gator Corporation manufactures several types of accessories.

Do It! Review 20-6 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $492,000, variable expenses of $367,000, and…

Do It! Review 20-6 Gator Corporation manufactures several types of accessories.

Do It! Review 20-6 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $486,000, variable expenses of $362,000, and…

Do It! Review 21-1 Complete the following sentences. 1. establish goals for the

Do It! Review 21-1 Complete the following sentences. 1. establish goals for the company's sales and production personnel Financial Budgets Long-range Plans 2.Master Budget is a se…

Do It! Review 21-2 Maize Company incurs a cost of $34.01 per unit of which 20.50

Do It! Review 21-2 Maize Company incurs a cost of $34.01 per unit of which 20.50 is vanable to make a product that normally sells for $58.68. A foreign wholesaler offers to buy 6,…

Do It! Review 21-3 Ash Creek Company is preparing its master budget for 2014. Re

Do It! Review 21-3 Ash Creek Company is preparing its master budget for 2014. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales…

Do It! Review 21-4 (Part Level Submission) Ash Creek Company is preparing its ma

Do It! Review 21-4 (Part Level Submission) Ash Creek Company is preparing its master budget for 2014. Relevant data pertaining to its sales, production, and direct materials budge…

Do It! Review 21-5 Zeller Company estimates that 2017 sales will be $44,600 in q

Do It! Review 21-5 Zeller Company estimates that 2017 sales will be $44,600 in quarter 1, $51,200 in quarter 2, and $64,600 in quarter 3. Cost of goods sold is 50% of sales. Manag…

Do It! Review 22-1 Wade Company estimates that it will produce 6,000 units of pr

Do It! Review 22-1 Wade Company estimates that it will produce 6,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct mater…

Do It! Review 22-1 Wade Company estimates that it will produce 6,400 units of pr

Do It! Review 22-1 Wade Company estimates that it will produce 6,400 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct mater…

Do It! Review 22-2 Mussatto Company expects to produce 48,240 units of product I

Do It! Review 22-2 Mussatto Company expects to produce 48,240 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $7,…

Do It! Review 22-3 Presented below are data relating to labor for Verde Applianc

Do It! Review 22-3 Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead $142,184 41,104 62,216 The desire…

Do It! Review 22-4 The fastener division of Southern Fasteners manufactures zipp

Do It! Review 22-4 The fastener division of Southern Fasteners manufactures zippers and then sells them to customers for $7.94 per unit. Its variable cost is $3.41 per unit, and i…

Do It! Review 23-2 Porgo Company preparing its master budget for 2017. Relevant

Do It! Review 23-2 Porgo Company preparing its master budget for 2017. Relevant d ta pertanng to its sales, production, and direct metenais budgets are as follows. sales Sales er …

Do It! Review 23-3 The standard cost of product 5252 includes 1.90 hours of dire

Do It! Review 23-3 The standard cost of product 5252 includes 1.90 hours of direct labor at $15.70 per hour. The predetermined overhead rate is $22.00 per direct labor hour. Durin…

Do It! Review 23-3 The standard cost of product 5252 includes 1.90 hours of dire

Do It! Review 23-3 The standard cost of product 5252 includes 1.90 hours of direct labor at $17.40 per hour. The predetermined overhead rate is $22.00 per direct labor hour. Durin…

Do It! Review 24-1 Wade Company estimates that it will produce 6,400 units of pr

Do It! Review 24-1 Wade Company estimates that it will produce 6,400 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct mater…

Do It! Review 24-3 Ranger Corporation has decided to invest in renewable energy

Do It! Review 24-3 Ranger Corporation has decided to invest in renewable energy sources to meet part of its energy needs for production. It is considering solar power versus wind …