ACC214

Question 14 The Cook's Paradise paid $67 for a kitchen knife set. Expenses are 15% of cost and the profit is 17% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the knife set was sold at break-even during a sale. What is the break-even selling price? > Next Question

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QUESTION 6 Wok Around the Clock, Inc., sells specialty woks. In the current year it expects to incur $810,000 in variable costs and $140,000 in fixed costs to make and sell 10,000 woks at $100 each. If Wok Around the Clock accepts a special order from Hard Wok Cafe to purchase 1,000 woks at $75. Wok Around the Clock will also have to pay $1,200 in shipping costs to deliver the special order. How much would it make or lose on this special order? ENTER A LOSS WITH A "-" SIGN. DO NOT USE PARENTHESES. EXAMPLE: -1,000 QUESTION 7 Daffy Duct, Inc., has the capacity to produce 12,000 cases of duct tape per year but only produces and sells 10,000 cases at $50 per case. The direct materials equals $130,000, direct labor equals $110,000, and overhead equals $100,000. Sixty percent of the manufacturing overhead is variable. The forty percent of fixed overhead is allocated equally to all products. Dewey, Cheatum & Howe has offered to purchase 1,000 cases but at a reduced price of $40 per case. What…

ch 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5, n/30. Shipping terms are FOB Destination. On March 13, Wong returns 100 boxes of toothpaste because it does not have tamper proof packaging. Sugimoto cannot resell this toothpaste and must scrap it (throw it away). On March 14 Wong realizes that the toothpaste they received does not have the Disney characters on the packaging. They specifically ordered the Disney characters for their pediatric patients. Wong contacts Sugimoto, who agrees to give them a $800 allowance. Wong agrees to keep the toothpaste to give away to their adult patients. On March 20, Wong pays Sugimoto the outstanding balance, less any applicable discounts. How much does Wong pay Sugimoto? How much of a discount is Wong allowed to take?

Question 6                                                                                                     Technology Inc. Ltd sells desktop computer printers for $65 per unit. Unit product costs are:             Direct materials                                 $12 Direct labor                                         20 Manufacturing overhead                     6 Total                                                 $38   A special order to purchase 10,000 desktop computer printers has recently been received from another company, and Technology Inc. has the idle capacity to fill the order. The company will incur an additional $1.50 per printer for additional labor costs due to a slight modification the buyer wants to be made to the original product. One-third of the manufacturing overhead costs are fixed and will be incurred no matter how many units are produced. $2,100 of existing fixed administrative costs will be allocated to the order as “part of the cost of doing business”.…

Question 1 Bentley Company has 100 units of Item #222 and 50 units of Item #248 on hand at the end of the year. The cost of Item #222 was $30 per unit and the cost of Item # 248 was $75 per unit. Item #222 has a selling price of $36 while Item #248 has a selling price of $84. The cost to sell Item #222 is $9 per unit while the cost to sell Item # 248 is $6 per unit. How much is Bentley's ending inventory using lower of cost or net realizable value? O $6,850. O $6,600. O $6,150. $6,450. $6,750.

Question 4 of 9 - /0.75 !! View Policies Current Attempt in Progress Ivanhoe's Candles will be producing a new line of dripless candles in the coming years and has the choice of producing the candles in a large factory with a small number of workers or a small factory with a large number of workers. Each candle will be sold for $10. If the large factory is chosen, the cost per unit to produce each candle will be $3.00. The cost per unit will be $7.50 in the small actory. The large factory would have fixed cash costs of $1.8 million and a depreciation expense of $300,000 per year, while those expenses would be $490,000 and $100,000, respectively in the small factory. Calculate the accounting operating profit break-even point for both factory choices for Ivanhoe's Candles. (Round answers to nearest whole units, e.g. 152.) The accounting break-even point for large factory is units and for small factory is eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer APR tv

A9

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Ch. 8 Homework 4(a) Please solve and provide method to solve the following problem: Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced. Required:1. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate calculations. Round your answers…

QUESTION 4 10 points Save Answer The retailer price of a refrigiretor is £761. If the manufacturer gains 12%, the wholesale dealer gains 16% and the retailer gains 26%, what is the cost of the product? (Round your answer to the nearest penny). AlL Auguers to saue all ansuers Save All Answers Save and Submit

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Question 9 options: With the following information, answer the following questions using the specified format (For example: 1000 units) A company buys 10,000 units of product A.The order cost for this product is $100.00 and its annual carrying cost per unit is $1.20.  The company also buys 200,000 units of product B.  In this case, the order cost is $75.00 and it's annual carrying cost is $0.75. The EOQ for product A is _____.       With the following information, answer the following questions in the specified format (For example: 1000 units) A company buys 10,000 units of product A.The order cost for this product is $100.00 and its annual carrying cost per unit is $1.20.  The company also buys 200,000 units of product B.  In this case, the order cost is $75.00 and it's annual carrying cost is $0.75. The EOQ for product B is _____.

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Question 1 A small bakery sells two different types of cakes: (1) the Avalanche (chocolate, caramel, and double fudge), and (2) Rocky Mountain (chocolate, Oreo bits, and chocolate fudge). The Avalanche cake experienced devastating sales in the first quarter of 2017. To rectify the situation, they are thinking of introducing a sales promotion ($5) on the Avalanche to increase demand. The Avalanche retail price: $18 per unit The Avalanche total (production) cost: $4.50 per unit The Rocky Mountain retail price: $21 per unit The Rocky Mountain total (production) cost: $6.25 per unit Looking back at last year, the bakery's manager noticed that the Avalanche had a sales promotion of $5 in April as well, and they were able to increase their sales volume (see table below). Assume that similar sales volumes will be experienced this year. LAST YEAR SALES in units The Avalanche Rocky Mountain April 2016 (Avalanche on sale) 1,200 210 May 2016 (no sales promotions) 700 650 June 2016 (no sales…

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Ch. 8 Homework Question 7 (a) Please solve and explain the following problem. Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced. Each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Additional information: Selling costs are expected to be 6 percent of sales.Fixed administrative expenses per month total $1,200. Determine Shadee's budgeted selling and…

Problem 16-11 (Algo) One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 400,000 in year 2; and 700,000 in year 3. Shipping and handling of parts from the supplier's factory is estimated at $0.02 per unit. Additional inventory handling charges should amount to $0.004 per unit. Finally, administrative costs are estimated at $10 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.04 per unit for wages plus a 50 percent surcharge for benefits and, indirect labor is estimated at $0.009 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be…

Problem 16-11 (Algo) One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 400,000 in year 2; and 700,000 in year 3. Shipping and handling of parts from the supplier's factory is estimated at $0.02 per unit. Additional Inventory handling charges should amount to $0.004 per unit. Finally, administrative costs are estimated at $10 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.04 per unit for wages plus a 50 percent surcharge for benefits and, Indirect labor is estimated at $0.009 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be…

QUESTION 10 Randall has received a special order for 4300 units of its product at a special price of $20. The product normally sells for $34 and has the following manufacturing costs: AZ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Per unit 2 3 3 2 Assume that Randall has sufficient capacity to fill the order. If Randall accepts the order, what effect will the order have on the company's short-term profit? *** If a decrease, place a sign before your answer. For example, a decrease of $1,000 would be answered -1,000.

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Problem 1 a         Reuben’s Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are:                                                                                  A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what will the effect on profit be?           Relevant Costs            Materials  $0.24           Labor  $0.40           Variable Overhead  $0.16           Fixed Overhead (30% of $.20)  $0.06           -                 Total Cost (30,000 Rolls Per Year)  -                  Offer by Supplier  $0.90        Total Cost (30,000 Rolls Per Year)  -                  Continue Manufaturing  $-          Purchase from Supplier  $-          Increase/Decrease in Profit  $-