BLACK_BRANDIACC650_T7

ABC and CVP Analysis: Multiple Products Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow:   Rose Violet Expected sales (in cases) 48,500 9,700 Selling price per case $98 $83 Direct labor hours 32,000 6,000 Machine hours 10,700 3,000 Receiving orders 50 24 Packing orders 96 50 Material cost per case $51 $45 Direct labor cost per case $11 $8 The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours.   Fixed   Variable Direct labor benefits $          —     $163,400 Machine costs 211,000*   216,600 Receiving department 233,500     — Packing department 112,500     —    Total costs $557,000     $380,000 * All depreciation Required: 1. Using the conventional approach, compute the number of cases of Rose and the…

ABC and CVP Analysis: Multiple Products Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Expected sales (in cases) Selling price per case. Direct labor hours Machine hours Receiving orders Packing orders Material cost per case $49 Direct labor cost per case $12 The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours. Fixed $ Direct labor benefits Machine costs Receiving department Packing department Total costs Rose Violet 51,000 10,200 $100 36,750 9,250 52 98 All depreciation 211,000 212,500 149,000 $572 500 $83 6,400 2,700 24 51 $44 $8 Variable. $215,750 215,750 $431,500

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ABC and CVP Analysis: Multiple Products Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow:   Rose Violet Expected sales (in cases) 50,000 10,000 Selling price per case $100 $80 Direct labor hours 36,000 6,000 Machine hours 10,000 3,000 Receiving orders 50 25 Packing orders 100 50 Material cost per case $50 $43 Direct labor cost per case $10 $7 The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours.   Fixed   Variable Direct labor benefits $          —     $200,000 Machine costs 200,000*   262,000 Receiving department 225,000     — Packing department 125,000     —    Total costs $550,000     $462,000 * All depreciation Required: 1. Using the conventional approach, compute the number of cases of Rose and the…

Before you begin this assignment review the Tying It All Together feature in the chapter Starbucks Corporation is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 68 countries. Starbucks generates revenues through company-operated stores, licensed stores, and consumer packaged goods. In 20 5, revenues from company-operated stores accounted for 79% of total revenues. Starbucks states that its retail objective is to be the leading retailer and brand of coffee and tea by selling the finest quality coffee, tea, and related products In addition, the company strives to provide the Starbucks Experience by exemplifying superior customer service and providing clean and well maintained stores. Part of this experience involves providing free internet service to customers while they are enjoying their food and beverages. Requirements How would the cost of internet service be reported by Starbucks and on which financial statement? Suppose Starbucks…

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ABC and CVP Analysis: Multiple Products Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Rose Violet Expected sales (in cases) Selling price per case Direct labor hours Machine hours Direct labor benefits Machine costs Receiving department Packing department Total costs Receiving orders Packing orders Material cost per case Direct labor cost per case $11 The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhead costs follow. They are classified as fixed or variable with respect to direct labor hours. Fixed *All depreciation $ 51,000 10,200 $81 32,000 6,400 9,750 3,500 Break-even cases of Rose Break-even cases of Violet 182,500 $99 214,500 136,500 $533,500 50 96 $50 27 45 $44 $5 Variable $165,120 218,880 $384,000 Required: 1. Using the conventional approach, compute the number of cases of Rose and the number of cases of Violet that…

general accounting question Brooklyn Woodworks Ltd. Manufactures and sells.... Please answer

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Analyzing process cost elements across product types Mystic Bottling Company bottles popular beverages in the Bottling Department. The beverages are produced by blending concentrate with water and sugar. The concentrate is purchased from a concentrate producer. The concentrate producer sets higher prices for the more popular concentrate flavors. A simplified Bottling Department cost of production report separating the cost of bottling the four flavors follows:      Orange    Cola    Lemon-Lime    Root Beer   Concentrate $4,625   $129,000   $105,000   $7,600   Water 1,250   30,000   25,000   2,000   Sugar 3,000   72,000   60,000   4,800   Bottles 5,500   132,000   110,000   8,800   Flavor changeover 3,000   4,800   4,000   10,000   Conversion cost 1,750   24,000   20,000   2,800   Total cost transferred to finished goods $19,125   $391,800   $324,000   $36,000   Number of cases 2,500   60,000   50,000   4,000 Beginning and ending work in process inventories are…

Required information [The following information applies to the questions displayed below.] These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook link to open the Case Overview, Case Background, and Part 3: Managerial Decision Making. Assume that Bene Petit sells only family-sized meals and that the average price is $5.00 per serving. Variable manufacturing costs are $1.75 per serving for customer meals and $0.75 per serving for donated meals. Variable delivery expenses are $2.00 per customer delivery (with an average order size of four meals or 16 servings in each delivery). Variable delivery expenses for donated meals are $200 per delivery, with an average of 1,000 donated meals or 4,000 servings in each delivery. Other variable selling expenses are $0.30 per customer meal sold. Total fixed costs are $144,000. How much total sales revenue would be needed to earn a profit of $126,000 per year?

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Transfer Pricing, Idle Capacity Mouton & Perrier, Inc., has a number of divisions that produce liquors, bottled water, and glass-ware. The Glassware Division manufactures a variety of bottles that can be sold externally (to soft-drink and juice bottlers) or internally to Mouton & Perrier’s Bottled Water Division.Sales and cost data on a case of 24 basic 12-ounce bottles are as follows:Unit selling price $2.95Unit variable cost $1.25Unit product fixed cost* $0.70Practical capacity in cases 500,000*$350,000/500,000 During the coming year, the Glassware Division expects to sell 390,000 cases of this bottle.The Bottled Water Division currently plans to buy 100,000 cases on the outside market for$2.95 each. Ellyn Burridge, manager of the Glassware Division, approached Justin Thomas,manager of the Bottled Water Division, and offered to sell the 100,000 cases for $2.89 each.Ellyn explained to Justin that she can avoid selling costs of $0.12 per case by selling internallyand that she…

Ralston Dairy gathered this data about the two products that it produces: Products Current SalesValue Estimated AddedProcessing Costs Sales Value IfProcessing Further Frozen yogurt   $8,000     $1,900     $11,100   Ice cream   12,100     6,900     18,000   Which of the products should be processed further? _____ because profits _____ $_____

Territory and Product Profitability Analysis Pipeline Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboards are sold in two regions, East Coast and West Coast. Information about the two surfboards is as follows: Line Item Description Atlantic Wave Pacific Pounder Sales price $400  $350  Variable cost of goods sold per unit (148) (165) Manufacturing margin per unit $252  $185  Variable selling expense per unit (180) (101) Contribution margin per unit $72  $84  The sales unit volume for the sales territories and products for the period is as follows: Product East Coast West Coast Atlantic Wave 2,460 1,230 Pacific Pounder 0 1,230 Question Content Area a. Prepare a contribution margin by sales territory report. Compute the contribution margin ratio for each territory. Round contribution margin ratio answers to two decimal places.

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Mastery Problem: Differential Analysis and Product Pricing WoolCorp WoolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currently WoolCorp makes three products: (1) raw, clean wool to be used as stuffing or insulation; (2) wool yarn for use in the textile industry, and (3) extra-thick yarn for use in rugs. Upper management would like your recommendations regarding a production decision regarding their current and proposed product lines. Continue/Discontinue For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You decide to prepare a differential analysis of the income related to all three products. To…

Mastery Problem: Differential Analysis and Product Pricing WoolCorp WoolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currently WoolCorp makes three products: (1) raw, clean wool to be used as stuffing or insulation; (2) wool yarn for use in the textile industry, and (3) extra-thick yarn for use in rugs. Upper management would like your recommendations regarding a production decision regarding their current and proposed product lines. Continue/Discontinue For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You decide to prepare a differential analysis of the income related to all three products. To…

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Keep-Or-Drop Decision, Alternatives, Relevant Costs Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry-and wet-vacuuming capabilities. Model 3 is the heavy-duty riding shampooer sold to hotels and convention centers. A segmented income statement is shown below.     Model 1   Model 2   Model 3   Total Sales   $235,000   $590,000   $658,500   $1,483,500   Less variable costs of goods sold   (91,500)   (166,280)   (356,000)   (613,780)   Less commissions   (5,700)   (40,000)   (21,750)   (67,450)        Contribution margin   $137,800   $383,720   $280,750   $802,270   Less common fixed expenses:                   Fixed factory overhead               (385,000)    Fixed selling and administrative               (307,000)   Operating income               $110,270   While all models have positive contribution margins, Reshier Company is concerned…

erritory and Product Profitability Analysis Coast to Coast Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboards are sold in two regions, East Coast and West Coast. Information about the two surfboards is as follows:   Atlantic Wave Pacific Pounder Sales price $400    $350    Variable cost of goods sold per unit (148)   (161)   Manufacturing margin per unit $252    $189    Variable selling expense per unit (156)   (91)   Contribution margin per unit $96    $98    The sales unit volume for the territories and products for the period is as follows:   East Coast West Coast Atlantic Wave 3,260   1,630     Pacific Pounder 0   1,630     Question Content Area a. Prepare a contribution margin by sales territory report. Compute the contribution margin ratio for each territory as a whole percent, rounded to two decimal places, if required. Coast to Coast Surfboards Inc.Contribution Margin by…

Keep-Or-Drop Decision, Alternatives, Relevant Costs Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry-and wet-vacuuming capabilities. Model 3 is the heavy-duty riding shampooer sold to hotels and convention centers. A segmented income statement is shown below.     Model 1   Model 2   Model 3   Total Sales   $250,000   $590,000   $619,500   $1,459,500   Less variable costs of goods sold   (86,000)   (160,560)   (332,800)   (579,360)   Less commissions   (5,200)   (34,500)   (23,750)   (63,450)        Contribution margin   $158,800   $394,940   $262,950   $816,690   Less common fixed expenses:                        Fixed factory overhead               (375,000)        Fixed selling and administrative               (283,000)   Operating income               $158,690   While all models have positive contribution margins, Reshier Company is…

Keep-Or-Drop Decision, Alternatives, Relevant Costs Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry-and wet-vacuuming capabilities. Model 3 is the heavy-duty riding shampooer sold to hotels and convention centers. A segmented income statement is shown below. Model 1 Model 2 Model 3 Total Sales $235,000 $558,000 $644,000 $1,437,000 Less variable costs of goods sold (96,500) (167,160) (342,000) (605,660) Less commissions (5,700) (37,500) (21,750) (64,950) Contribution margin $132,800 $353,340 $280,250 $766,390 Less common fixed expenses: Fixed factory overhead (375,000) Fixed selling and administrative (295,000) Operating income $96,390 While all models have positive contribution margins, Reshier Company is concerned because operating income is less than 10 percent of sales and is low for this type of company. The company's controller gathered additional…

Star me up Inc. manufactures caffeinated energy drink that sells for $4.80 each. The results for its first year of operations appear in the table below:

Territory and Product Profitability Analysis Pipeline Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboards are sold in two regions, East Coast and West Coast. Information about the two surfboards is as follows: Atlantic Wave Pacific Pounder Sales price Variable cost of goods sold per unit Manufacturing margin per unit Variable selling expense per unit Contribution margin per unit $250 $200 (93) (92) $157 $108 (112) $45 (52) $56 The sales unit volume for the sales territories and products for the period is as follows: East Coast West Coast Atlantic Wave Pacific Pounder 2,860 0 1,430 1,430 a. Prepare a contribution margin by sales territory report. Compute the contribution margin ratio for each territory. Round contribution margin ratio answers to two decimal places. Pipeline Surfboards Inc. Contribution Margin by Territory Line Item Description Sales East Coast West Coast 715,000 Variable cost of goods sold Manufacturing…