SP-BUS121A-Chapter_6_Assignment

Subject: acounting

Exercise 6-15 (Algo) Approaches for estimating stand-alone selling prices [LO6-6] Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,790, sells the remote separately for $120, and offers the entire package for $1,980. VP does not sell the installation service separately. VP is aware that other similar vendors charge $170 for the installation service. VP also estimates that it incurs approximately $120 of compensation and other costs for VP staff to provide the installation service. VP typically charges 50% above cost on similar sales. Required: 1. to 3. Estimate the stand-alone selling price of the installation service using…

Check Exercise 6-15 (Algo) Approaches for estimating stand-alone selling prices (LO6-6) Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $2,110 and sells the remote separately for $280, and offers the entire package for $2,620. VP does not sell the installation service separately. VP is aware that other similar vendors charge $330 for the installation service. VP also estimates that it incurs approximately $280 of compensation and other costs for VP staff to provide the installation service. VP typically charges 40% above cost on similar sales. ok ht nt Required: 1. to 3. Calculate the stand-alone selling price of the…

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View Policies Current Attempt in Progress Cullumber Cap Springs produces and sells water filtration systems for homeowners. Information regarding its three models is shown below. Basic Basic Plus Premium Total Units sold 720 300 180 1,200 Unit selling price $249 $402 $804 Unit variable cost $190 $288 $411 The company's total fixed costs to produce the filtration systems are $184,275. (a) Determine the sales mix as a function of units sold for the three products. The sales mix as a function of units sold eTextbook and Media Save for Later Basic % Basic Plus Premium % Attempts: 0 of 3 used Submit Answer

Question 5-price allocation Red Windows manufactures and sells custom storm windows for enclosed porches. Red also- provides installation service for the windows. The installation process does notinvolve changes in the windows, so this service can be provided by other vendors. Red enters into the following contract on 15 Jun 2020, with alocal homeowner. The customer purchases windows for a price of £7,500 and chooses Red to do the installation. Red charges the same price for the windows irrespective of whether it does the installation or not. The price of the installation service is estimated to have a fair value of £1,000. The customer pays Red £6,000 (which equals the fair value of the windows, which have a cost of £4,300) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on 15 Jul 2020, Red completes installation on 4 Aug 2020, and the customer pays the balance due. e Required Prepare the journal entries for Red on all the dates…

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Question Viewer iufacturing bought three used machines in a $164,000 lump-sum purchase. An independent appraiser valued the machines as shown: (Click on the icon to view the appraised values.) Read the requirement. What is each machine's individual cost? (Round decimals to three places when calculating proportions, and use your computed percentages in all calculations.) Machine 1's cost is Data table Appraised Value Machine No. 1 62,000 Machine No. 2 48,000 Machine No. 3 90,000 Print Done - ☑

Home CengageNOWV2| Online teachin x takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=D&inprogress-false Rusty Co. sells two products: X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y Related data are as follows: Unit Selling Unit Variable Unit Contribution Product Price Cost Margin $110 $70 $40 70 50 20 For break-even analysis, the unit contribution margin of E was Oa. $22.50 Ob. $60.00 Oc. $40.00 d. $20.00

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Question 3: Each of the following situations is independent. A. Vallis Inc. manufactures machine parts for military an offer from another military subcontractor to provide 2.000 units of product ZR17 for $120,000. If Vallis does not purchase these parts fi continue to produce them in-house at the following drones. The company is considering 'om the subcontractor, it must costs: Cosf per Unit $28 $18 $16 $4 Direct materials Direct labour Variable overhead Allocated fixed overhead Required: a. Analyze the offer quantitatively to determine if Vallis should continue to manufacture the component or outsource it. b. Outline at least three qualitative considerations that Vallis should consider in this decision. Why are these factors that you have outlined important?

Problem 18-04 Bridgeport Appliance Co. manufactures low-price, no-frills appliances that are in great demand for rental units. Pricing and cost information on Bridgeport’s main products are as follows. Item   StandaloneSelling Price (Cost)   Refrigerator   $500 ($260 ) Range   570 (270 ) Stackable washer/dryer unit   690 (400 ) Customers can contract to purchase either individually at the stated prices or a three-item bundle with a price of $1,800. The bundle price includes delivery and installation. Bridgeport also provides installation (not a separate performance obligation).Respond to the requirements related to the following independent revenue arrangements for Bridgeport Appliance Co.             1.    On June 1, 2020, Bridgeport sold 100 washer/dryer units without installation to Laplante Rentals for $69,000. Laplante is a newer customer and is unsure how this product will work in its older rental units.…

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O v2.cengagenow.com Make or Buy A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $75 per unit (100 bottles), including fixed costs of $28 per unit. A proposal is offered to purchase small bottles from an outside source for $40 per unit, plus $4 per unit for freight. a. Prepare a differential analysis dated July 31 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the bottles, assuming fixed costs are unaffected by the decision. If an amount is zero, enter "0". Use a minus sign to indicate a loss. Differential Analysis Make Bottles (Alt. 1) or Buy Bottles (Alt. 2) July 31 Make Bottles Buy Bottles (Alternative 2) Differential Effect on Income (Alternative 1) (Alternative 2) Sales price %24 %$4 Unit costs: Purchase price $4 -40 -40 Freight -4 -4 Variable costs -47 -47 X 47 Fixed factory -28 -28 overhead Income (Loss) -75 -119 X 31 х Feedback Check My Work 1 more Check My Work uses…

MyUSF X My Home CengageNOWv2 | Online teachin X - ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=D&inpro... o Snipe Company has been purchasing a component, Part Q, for $19.20 per unit. Snipe is currently operating at 70% of capacity, and no signific. increase in production is anticipated in the near future. The cost of manufacturing a unit of Part Q is estimated as follows: Direct materials $11.50 Direct labor 4.50 Variable factory overhead 1.12 Fixed factory overhead 3.15 Total $20.27 Prepare a differential analysis report dated March 12 of the current year. Round your answers to two decimal places. If an amount is zerO "o". Differential Analysis Make (Alternative 1) or Buy (Alternative 2) Part Q March 12 Differential Effects Buy Make Part Q (Alternative 1) (Alternative 2) (Alternative 2) Part Q Unit costs: Direct labor Directhaterials Variable operating expenses

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O Question 1 40 GBI wishes to purchase Elbow Pads from Olympic Protective Gear, Data needed in various steps in the process are provided below: Qty to be purchased: 15 Delivery Date: 11/12/21 Plant: Miami Storage Location: Trading Goods Net Price: $35.00 each Vendors Invoice Amt[1] $525 Tax Code: Input Tax (XI) Your task Execute the procurement process, from requisition to payment to facilitate the above scenario. Record the resulting document numbers below: Requisition #: Purchase Order : Goods Receipt #: Invoice : Payment #: You will need to use other organizational data as needed. Hint If SAP gives a message before you save your PO showing. "the net price adopted from the last document", you can either accept the price by clicking enter or you can change it to $35 (if it is different). In either case, check the "Net value" of your PO because the PO amount should match your invoice amount and the amount you pay (and it is ok to have a different PO value than $525 but in that case,…

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eBook Question Content Area Territory 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 $350    $300    Variable cost of goods sold per unit (130)   (138)   Manufacturing margin per unit $220    $162    Variable selling expense per unit (143)   (84)   Contribution margin per unit $77    $78    The sales unit volume for the territories and products for the period is as follows:   East Coast West Coast Atlantic Wave 3,180   1,590     Pacific Pounder 0   1,590     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…

eBook Question Content Area Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Vihaan Chemicals Company processes a number of chemical compounds used in disinfecting health club fitness equipment. One compound is decomposed into two chemicals: flexalene and soreaphine. The cost of processing one batch of compound is $74,000, and the result is 5,900 gallons of flexalene and 7,800 gallons of soreaphine. Vihaan Chemicals can sell the flexalene at split-off for $11.00 per gallon and the soreaphine for $6.75 per gallon. Alternatively, the flexalene can be processed further at a cost of $7.40 per gallon (of flexalene) into lactine. It takes 4 gallons of flexalene for every gallon of lactine. A gallon of lactine sells for $65. Required: 1. Which alternative is more cost effective and by how much?NOTE: Do NOT round interim calculations and, if required, round your answer to the nearest dollar.   by $fill in the blank 2 2. What if the production of flexalene into…

QUESTION 3 A manufacturer sells his final product for R300 plus VAT (@15%) to a wholesaler. The wholesaler sells the product at a mark-up of 20% above cost to the manufacturer. If the retailer's mark-up on cost is 25%, the final consumer will pay.......(including VAT). OA. R414 O B. R517.50 O C. R450.00 O D. R360.00