# I need someone who is quick to help me with my managerial

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I need someone who is quick to help me with my managerial accounting homework. I need this in by 6:30 PM PST. This is firm and cannot be altered, so pls do not ask for a deadline extension. ACC222 Managerial Accting Ch 1-3.docx The following events took place during the year for the Boltwood Company. Boltwood manufactures large steel tanks. Boltwood began the year with no inventory. – Incurred 3000 direct labor hours at \$20/hour – Paid indirect labor costs of \$35,000 – Incurred utilities, rent, and depreciation on factory totaling \$56,000 – Incurred \$3,000 of depreciation on the salesman’s car – Direct materials purchased and used in production amounted to \$80,000 – 1,000 steel tanks were started and completed. – 700 steel tanks were sold for \$360,000. A. What is total manufacturing overhead for the year? B. What is the balance in the inventory account before any tanks are sold? (Show each thing you are including as well as the total.) C. What is the cost per unit of a tank during this year. Round to the nearest penny. D. What is cost of goods sold for the year? E. What is the cost of inventory on the balance sheet at the end of the year? F. What will Boltwood report as gross margin for the year? Question 3 1. What would happen to the average manufacturing cost per steel tank if production doubled the following year? (Assume all costs behave exactly as theory would predict.) A. It would be somewhere between the current year’s cost and double the current year’s cost. B. It would decrease to half the cost in the current year. C. It would double from amount in the current year. D. It would be somewhere between half of the current year’s cost and the full amount of the current year’s cost. E. It would not change. 5 points Question 4 1. Millar Inc. manufactures a mechanical component and several other products. The mechanical components require aluminum, screws, and labor and machine finishing time. Millar employs several part-time machinists and one full-time production supervisor who always works 40-hours per week. The part-timers are called in as needed. Millar leases the building and hires a cleaning company to provide services on a weekly basis. Millar uses the straight line method for the depreciation calculation. Classify each of the following costs for June according to whether it is most likely a Fixed (F) or Variable (V) cost with respect to the number of mechanical components produced. 2. 1. Wages of production supervisor 2. Depreciation on machinery 3. Wages for the machinists 4. Aluminum 2. A. 5. Lease costs F B. V 15 points Question 5 1. Total Variable cost 1,000 2,000 widgets widgetsproduced produced \$30,000 1. Total Fixed cost Variable cost per unit Fixed cost per unit 2. 3. 5. \$10,000 4. 6. 2. Consider the behavior of variable and fixed costs. 3. Label and supply supply the missing \$ amounts for 1-6. at the top of the answer box. After the answer for 6, label and show any work. Aria l 3 (12pt) Paragrap h Font family Font size Path: p Words:0 12 points Question 6 1. Consider the following results for 2 companies in the Halloween costume rental business: Jeepers Creepers \$ 400,000 \$ 500,000 \$ Variable Selling costs \$ (225,000) (225,000) \$ Fixed selling costs \$ (185,000) (90,000) Net income \$ 85,000 \$ 90,000 Sales 2. 3. a. Compute the magnitude of operating leverage for each company. 4. b. Which company will experience the greater percentage increase in net income if both have the same percentage increase in sales volume next year? Support your answer with a specific explanation, but no computations. 5. 10 points Question 7 1. Sumner Clinic does cholesterol testing. The direct labor costs and supplies cost for the tests are \$25 each. Sumner operates a small lab to analyze the results. The lab costs appear to be a combination of fixed and variable costs. Sumner has tracked the total lab costs and the number of tests for the last 5 months and gathered the following data. Month May