20-What time period does life cycle costing for a product cover? a. A quarter to a year b. Short periods of one accounting year c. An undetermined period of time d. The product’s entire life time Clear my choice
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- The question 1 point possible Stancil Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company's current) revenue and 2) operating income. (Hint First, find the contribution margin ratio; then prepare the contribution margin income statement) Use the contribution margin income statement and the shortcut contribution margin approaches to determine Stancif's current (1) sales revenue and (2) operating income Begin by computing the contribution margin ratio. (inter the result as a whole number) The contribution margin ratio la Question Viewer Prepare the contribution margin income statement at the calculated sales level. Stancil Drycleaners Contribution Margin Income Statement Submit tdecrease in the cost of ordering a batch of raw material? Questions on Accounting for Materials units, The annual holding costs associated with orne unit Caasine Jobbors 1. The purchase price of an the A. 730 B. 894 © 1,461 1,633 A. EOQ: Higher, Annual Holding Cost: Lawer B. EOQ: Higher, Annual Holding Cost: Higher C. EOQ: Lower, Annual Holding Cost: Higher D. EOQ: Lower, Annual Holding Cost: Lower reorder quantity (to the nearest 100 units)? A. 500 units B. 1,000 units C. 1,200 units D. 1,700 units the component? A. 530 B. 671 C. 949 D. 1,342 one unit of the component in inventory? A. EOQ: Lower, Total Annual Ordering Cost: Higher B. EOQ: Higher, Total Annual Ordering Cost: Lower C. EOQ: Lower, Total Annual Ordering Cost: No Effect D. EOQ: Higher, Total Annual Ordering Cost: No Effect E. The demand for a product is 12,500 units for a three-month period. Each unit or as a purchase price of $15 and ordering costs are $20 per order placed. TheQuestion 5.1 Stark and Company would like to evaluate one of the product lines that they sell to the defense department. Every month the Stark and Company produce an identical number of units, although the sales in units differ from month to month. Selling price Units in beginning inventory $105 110 Units produced 6,400 Units sold 6,100 Units in ending inventory Variable costs per unit: 410 Direct materials $62 Direct labour $48 Variable manufacturing overhead Variable selling and administrative Fixed costs: $3 $7 Fixed manufacturing overhead Fixed selling and administrative $64,000 $35,600 Submission Instructions: 1. Under variable costing, identify the unit product cost for the month. 2. What is the unit product cost for the month under absorption costing? 3. Prepare an income statement for the month using the contribution format and the variable costing method. 4. Prepare an income statement for the month using the absorption costing method.
- Please do not give solution in image format thanku21-An estimated cost per unit in long run which enables the company to achieve its per unit desired profit is known as: a. Target operating income per unit b. Target cost per unit c. Total operating cost per unit d. Total cost per unitQuestion 23 v Saved Dreamworks Ltd. produces dream spheres. Projected sales and production for 2021 are as follows: 2021 1 2 4 Quarter (Jan - Mar) (Apr - Jun) (Jul - Sep) (Oct - Dec) Expected Sales (units) 30,000 33,000 38,000 35,000 Unit Selling Price $75 $75 $75 $75 Expected Production (units) 30,300 33,500 37,700 35,100 Manufacturing overhead consists of variable costs of $9 per unit produced and annual fixed costs of $2,000,000. Selling and administrative expenses consist of sales commissions of 15% of sales and fixed costs of $248,000 per quarter. Required: a) What is the total manufacturing overhead for the fourth quarter? (Use the space below to show your work) b) What are the total Selling, General and Administrative expense for the fourth quarter? (Use the space below to show your work) U v II Paragraph B I + Part a) Add a File Record Audio Record Video
- ussions Question 10 --/1 erences View Policies aborations Current Attempt in Progress eyPLUS Support Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $18, direct labor $14, variable manufacturing overhead $9, fixed manufacturing overhead $11, variable selling and administrative expenses $6, and fixed selling and administrative expenses $12. Using a 35% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e g. 10.50.) Central ce 365 dges zza Target selling price $ 845 PM 11/18/2019 hp foll ins prt sc n2 home delete end 144 + num backspace lock P 7 homeProblems 5.1-5.3 relate to Goods and Services Selection the life cycle, identify a reasonable operations strategy for each: ... 5.1 ing products, and given the position in its life cycle, identify the issues likely to confront the operations manager and his or her possible actions. Product Alpha has annual sales of 1,000 units and a contribution of $2,500; it is in the introductory stage. Prepare a product-by-value analysis for the follow- COMPANY CONTRIBUTION (%: TOTAL ANNUAL CONTRIBUTION PRODUCT CONTRIBUTION (% OF SELLING PRICE) DIVIDED BY TOTAL ANNUAL SALES) POSITION IN LIFE CYCLE Product Bravo has annual sales of 1,500 units and a contribu- PRODUCT tion of $3,0003; it is in the growth stage. Product Charlie has annual sales of 3,500 units and a contribution of $1,750; it is in the decline stage. Smart watch 30 40 Introduction Tablet 30 50 Growth Hand calculator • 5.2 Given the contribution made on each of the 50 10 Decline three products in the following table and their position inQuestion 17 You are contemplating leaving your full-time employment to concentrate your ability on the marketing of a new low-energy portable heater. You have spoken to a group of manufacturers of similar product, and you have produced the following data based upon the production of 1200 heaters in the six months to December 31, 2021. R R Unit selling price 160 Less: Direct materials 50 Direct labour 30 Fixed Overheads: Admin 4.00 Rent 7.50 Rates…
- question 1 hw 12PROBLEM 14: MMM Company started operations in 2019. The following data are abstracted from the company's production and sales records: 2019 2020 2021 of units Number produced Number of units sold Unit production cost 116,250 108,750 P 4.50 P 5.20 P 5.80 900,000 120,000 75,000 101,250 97,500 Sales revenue 600,000 975,000 19. Using the FIFO cost flow assumption, the gross profit for the year ended December 31, 2021 is: PROBLEM 15: The following quarterly cost data have been accumulated for New DDD Manufacturing, Inc.: Raw materials, 1/1/2022 Purchases of raw materials 10,000 units at P6.00 8,500 units at P7.00 11,000 units at P7.50 Raw materials transferred to work in process Work in process, 1/1/2022 Direct labor Manufacturing overhead Work in process, 3/31/2022 21,500 units 5,600 units at P13.50 P 250,000 325,000 4,200 units at P13.75 20. If New Dehi uses the FIFO method for valuing raw materials inventories, compute for the cost of goods manufactured for the quarter ended March 31,…