Hi expart Provide solution for this accounting question Boards 4 Brides customizes standard board games to depict placesand events for the happy couple. These are then provided to theguests at the wedding reception. Boards 4 Brides has the followinghistorical information and is going to use the High - Low method todetermine its pricing schedule.Using the following data, determine what Boards 4 Brides mustcharge for a wedding with 500 guests in order to show a profit of$1,200.# Persons $ Costs200700$1700$5200380$ 3040900$ 6850425$3500

Step 1: Define High-Low MethodThe high-low method is a methodology used in cost accounting to divide…

Answered: Boards 4 Brides customizes standard…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1TP: Seda Sarkisian makes wedding cakes from her home. A customer has requested two duplicate wedding...

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Suzanne sells authentic Amish quilts on her website. Suppose ss attached
Seda Sarkisian makes wedding cakes from her home. A customer has requested two duplicate wedding cakes: one for the wedding and one to be frozen for their anniversary. The couple has offered $400 for both cakes instead of $500 ($250 each). The cost information to make one cake is shown. A. What is the cost for the first cake? B. What cost would not be included in the second cake? C. What is the cost of the second cake? D. What would be the total cost of this order if the offer was accepted? E. How much profit will Seda be recording for this special order? F. If your company policy is to always have a 15% profit on all order, would you still accept this order? G. If you would not accept the order, what price would you negotiate?
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Compute the total cost, expected profit, and selling price. Write your solution and answer on the space provided. Show your solution. 1. Lara bought materials for her jewelry business. She bought Php315 beads, and PhP257 bead wire. Her transportation cost about PhP55 and the labor is about PhP40. Her desire profit is 50%. 2. Marivic's Accessory Shop ordered materials thru online for their Memory wire bracelet. They ordered PhP405 color green beads, and PhP225 pink small beads, wire Php120, shifting fee is PhP80. The operational cost is 544, and the desire profit is 40%.
Sara makes wedding cakes from her home. A customer has requested two duplicate wedding cakes: one for the wedding and one to be frozen for their anniversary. The couple has offered $400 for both cakes instead of $500 ($250 each). The cost information to make one cake is shown in the image. What is the cost for the first cake? What cost would not be included in the second cake? What is the cost of the second cake? What would be the total cost of this order if the offer was accepted? How much profit will Sara be recording for this special order? If your company policy is to always have a 15% profit on all order, would you still accept this order? If you would not accept the order, what price would you negotiate?
Additional Activities For your final task in this module, do the activity below: Analyze the given problem. Write your answer on your notebook. Rosie sold an emerald necklace that cost P397,500 and she will get 1% commission. She sold ruby earrings that cost P106,000 and she will get 4% commission. Which piece of jewelry gives her more commission?
SomethingNew is a small one-person company that provides elaborate and imaginative wedding cakes to order for very large wedding receptions. The owner of the company would like to understand the cost structure of the company and has compiled the following records of activity and costs incurred. The owner believes that the number of weddings catered is the best measure of activity. Мonth Weddings Costs Incurred January February 3 Р3,800 Р3,600 March P4,000 P4,300 April Мay 9. 12 P4,500 June 20 P5,200 Using the least-squares regression method, estimate the variable cost per wedding and the total fixed cost per month. (Round off the variable cost per wedding to the nearest cent and the total fixed cost to the nearest dollar.)
Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Type I rooms do not have high-speed wireless Internet access and are not available for the Business rental class. Round Trees management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 130 rentals in the Super Saver class, 60 in the Deluxe class, and 50 in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms. a. Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. b. For the solution in part (a), how many reservations can be accommodated in each rental class? Is the demand for any rental class not satisfied? c. With a little work, an unused office area could be converted to a rental room. If the conversion cost is the same for both types of rooms, would you recommend converting the office to a Type I or a Type II room? Why? d. Could the linear programming model be modified to plan for the allocation of rental demand for the next night? What information would be needed and how would the model change?
Complete 3 separate pro-forma income statements for 3 of the prices that Calvin is considering (i.e., $40, $25, & $15). Assume that he sells all 500 blocks, expects his advertising expenses to be $5000, and uses the Danville fulfillment house to fulfill orders and distribute the product. Based on these assumptions, at which of the price(s) would he have a positive net income?
Method of Least Squares Refer to the information for Luisa Crimini on the previous page. Required: 1. Using a computer spreadsheet program such as Excel, run a regression on these data. Based on the regression output, write the cost formula for tanning. (Note: Round the fixed cost to the nearest dollar and the variable rate to the nearest cent.) 2. Using the formula computed in Requirement 1, what is the predicted cost of tanning services for September for 2,500 appointments? Use the following information for Exercises 3-44 through 3-46: Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows:
Vindows constructs and installs windows for new homes. The sales staff are having a meeting and reviewing the following information to determine how to help reduce days' sales uncollected. Accounts receivable Net sales 2023 2022 2021 $ 634,000 $492,000 $ 414,000 6,590,000 5,714,000 4,985,000 Required: a. Calculate the days sales uncollected for 2021 to 2023 and identify whether the trend is favourable or unfavourable (Round the final answer to 2 decimal places. Do not round intermediate calculation. Use 365 days a year) Days' sales uncollected 2023 + 35 07 days 2022 31 55 days 2021 30 36 days Unfavorable Seve -. What can a salesperson do to improve days' sales uncollected? (You may select more than one answer. Single click the box with me question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the bo or a wrond answer.)

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