A bakery provides the following information about its operations for the month: ⚫ Total cost of ingredients purchased: $8,500 ⚫ Total cost of ingredients used in production: $7,650 ⚫ Cost of ingredients used per loaf: $2.25 ⚫ Cost of ingredients purchased per loaf: $2.50 What is the cost of unused capacity? A. $0.25 B. $850 C. $3,400 D. $3,825

A bakery provides the following information about its operations for the month: ⚫ Total cost of ingredients purchased: $8,500 ⚫ Total cost of ingredients used in production: $7,650 ⚫ Cost of ingredients used per loaf: $2.25 ⚫ Cost of ingredients purchased per loaf: $2.50 What is the cost of unused capacity? A. $0.25 B. $850 C. $3,400 D. $3,825

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 8E: Melchar Company uses 78,125 pounds of oats each year. The cost of placing an order is 18, and the...

See similar textbooks

Similar questions

Pretty charges P3.75 per kilogram of laundry service done. The cost of laundry supplies consumption is P0.25 per kilogram of laundry done. The total service revenue for the period is P2,812.50. The cost of supplies consumed is a. P187.50 b. P803.57 c. P703.13 d. P2,636.72
Total Ingredient Cost?
Transcribed Image Text:Question 7:A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.
the question is in the picture. choose the letter of answer a. P 8,600 and P 12,700, respectively b. P 8,000 and P 12,500, respectively c. b. P 8,600 and P 11,200, respectively d. b. P 8,000 and P 11,200, respectively
If a company has four lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle) for$15, purchase 3 (middle) for $12, and purchase 4 (latest) for $14, which cost would be assumed to be sold firstusing LIFO costing?A. $17B. $15C. $12D. $14
Blossom Company had the following amounts from its income statement: Sales revenue (800 units) $64000 Cost of goods sold - fixed 16000 Cost of goods sold - variable 14800 Selling expenses - fixed 5600 Selling expenses - variable 4800 Administrative expenses - fixed 4000 Administrative expenses - variable 6000 How much is Blossom's contribution margin? O $49200. O $38400. $33200. O $12800.
Need help with this question
Answer only 4,5,6 and 7. 4.how much is the conversion cost? 5.how much is factory cost? 6.how much is cost of goods manufactured? 7.how much is cost of goods sold?
Solve this general account questions
Under the absorption method, Year 1 cost of good sold will be ?
What is the cost of goods sold for dixon manufacturing?
Evansville Company had the following transactions for the month. Number Cost of Units per Unit Purchase 2 $8,000 Purchase 9,000 Purchase 4 9,500 Calculate the gross margin for each of the following cost allocation methods, assuming Evansville sold just one unit of these goods for $12,000. Round your intermediate calculations and final answers to the nearest dollar amount. Gross Margin A. First-in, First-out (FIFO) $4 B. Last-in, First-out (LIFO) C. Weighted Average (AVG) When prices are rising (inflation), which costing method would produce the highest value for gross margin? First-in, First-out Last-in, First-out Weighted Average