) ABC Coporatin has a emand of2000 unis amaly Eah untCosts Rs 100 the os to pae a oder's ks. 173, imentory aryingCostis 175% of the cost o oe uit Determnine.Number of orders per anum.

Answered: Image /qna-images/answer/c3396dce-86c9-4c36-8fae-bdddb78e53d0.jpg

Answered: c) ABC Corporation has a demand of 000…

c) ABC Corporation has a demand of 000 unis amualy, ah mnt Cost Rs 10,the cos to pace an oreris R. 1750, imentory carying Costis 175% of the cost o oe uit. Determnine. Number of orders per annum. .

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: ABC plc uses 1,800 units of material each year. The cost of placing an order is £2 and the holding…

A: As we all know that the lowest cost comes at the economic order quantity, which is why we have to…

Q: Sales Vaiable expen.se $93 000 while Kixled expense ses leman Same el Finds, NeT a FO0 lunits…

A: Cost Volume Profit analysis refers to how the change in volume and costs affect a company's net…

Q: III. Break-Even Point 1. Sale Revenue = 450,000 Fixed Cost = 100,000 Cost = 10,000 BP = ? 2. Sale…

A: The Break-even point is the point where the company is no gain and no loss position. The Break-even…

Q: If D = 8,400 per month, S = $43 per order, and H = $1.50 per unit per month, a) What is the economic…

A: EOQ or Economic Order Quantity refers to the Ideal quantity of inventory that the company should…

Q: Q1:-A paaducen faces a fixed. Rs, 50 anda Variable cost RS 5 per unit out put when he produces les 2…

A: Given in the question:- When the producer produces less than 200 units Variable Cost = Rs 50 per…

Q: If the company wants to achieve a residual income of P 40,000 using an imputed interest charge of…

A: Residual income is the leftover income for company or business after payment of all its expenses and…

Q: Leatned cCosporationbas pronaea inso costper COst pel period direc marerials: direct Laoor: variable…

A: 1.Product cost: The cost which is used to manufacture the product is called product manufacturing…

Q: reedom plc uses 180,000 units of material each year. The cost of placing an order is £200 and the…

A: Economic order quantity means the number of units to be ordered so that total cost of inventory will…

Q: Fixed cost $80,000; Variable cost $2 per unit; Selling price $10 per unit. Required: Turnover for a…

A: Variable costs are costs that varies with the change in the level of output. Fixed costs are costs…

Q: If FIFO inventory value is $150,000 and the current cost per unit is $10, how many units does the…

A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…

Q: 11. George Corporation has the following information for thc current ycar: Selling price per unit…

A: 0 units 100 units 200 units 300 units 400 units 500 units Sales 0 1,000 2,000 3,000 4,000 5,000…

Q: Assume that Phoenix decides to accept the special order at a unit sales price that will add $400,000…

A: Assuming variable cost as $15; and offered cards as 10,000. Special order: The order received from…

Q: nd annual Assume a

A: Formulas: Cash conversion cycle = Inventory conversion period + Receivables collection period -…

Q: If the company wants to achieve a residual income of P 40,000 using an imputed interest charge of…

A: We will set up the selling price in such a way that total costs are recovered along with 15% imputed…

Q: REQUIRED Calculate the economic order quantity for the year. INFORMATION Suntan Limited produces a…

A: Economic order quantity is also referred to as EOQ. It is the quantity that an entity should buy at…

Q: Company XYZ has total fixed costs of $10,000. Assume a selling price per unit of $48 and total…

A: Option e is correct. Break even point = fixed cost/(sales price - variable cost) = 10000/(48 - 24)…

Q: .. Annual Demand is 450 units. The cost to place an order is $80 and holding cost is 25% per year of…

Q: A product is sold at $80 per unit, the variable expense per unit is $20, and total fixed expenses…

A: Break-even sales in dollars refer to the level of sales at which a business covers all its costs and…

Q: With i = 15% and n = 10, what is the uniform annual cost if initial cost is P25k and decrease of…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: If D = 8,400 per month, S = $43 per order, and H = $1.50 per unit per month, a) What is the economic…

A: Economic Order Quantity (EOQ) means the order quantity at which the total variable cost (which…

Q: Aris! are The annual need of a manufacturing company is 12,000 units and other information below:…

A: The profitability of the company can be arrived from the income statement prepared by the management…

Q: Calculate the economic order quantity given the following data. Annual demand (D) 5,000 units…

A: Economic order quantity is the optimum inventory level that should be ordered in order to reduce…

Q: For firm, DOL is 2, DCL is 5, if the sales increase from Rs 10 mn to Rs 12 mn, EPS will most likey…

A: % change in sales = (12mn - 10 mn ) / 10mn = 2/ 10 = 20%

Q: XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 10%, by how…

A: Increase in profit = current contribution margin x increase in sales % = 450000 x 10% = $45000

Q: Compute for the break even sales in unit per product E Bonchock Produce 5 products. A total of…

A: The break even sales are the sales where business earns no profit no loss during the period.

Q: Yanks Ltd uses the following cost function: Y = $7000 + $8.50X. If the number of units produced in…

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: If the company wants to achieve a residual income of P 40,000 using an imputed interest charge of…

A: Operating income is the income generated from the operations in the business. This is calculated by…

Q: Choose the correct letter of answer Sela Company, sells Product R for P5 per unit. The fixed costs…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: a) Economic Order Quantity (EOQ) b) Number of orders per annum c) Time between two consecutive…

A: Meaning of EOQ EOQ refers to Economic Order Quantity which defines the optimal quantity where the…

Q: pioneer limited purchased a product which has a steady monthly demand of 20 000 units. the product…

A: SOLUTION- FORMULA- ECONOMIC ORDER QUANTITY= 2×A××O/C A= ANNUAL DEMAND…

Q: XYZ Inc. needs 325 of a material per month. It costs OMR 100 to make and receive an orderand it…

A: Annual demand=Quantity per month×12=325×12=3,900 kg

Q: P3-3 Aeon Laketown predicis that 10,000. unis' of matérials will be used during the year. The…

A: Inventory levels are calculated to know the best to best optimum option for the oraganisation. There…

Q: The following information pertains to YZ Company's CVP relationships: Breakeven point 200 units,…

A: Solution Formula used Contribution margin = sales – variable cost Breakeven point in unit…

Q: 5. Assume Wyteboard Corp. markers uses 1,440,000 gallons of ink each year. Assume Palmer will order…

A: Annual demand = 1,440,000 Ordering cost = P100 Cost per gallon = P2 Carrying cost = 20%*P2 = P0.40

Q: Example 62(a). A manufacturing firm purchases 2000 units of a particular item per year at a unit…

A: Optimum Order Quantity=2×Annual Demand×Ordering Cost per orderCarrying Cost per unit per annum

Q: Assume the following (1) selling price per unit = $25, (2) variable expense per unit = $13, (3) unit…

A: Contribution margin: The difference between the sales and the variable costs is called contribution…

Q: The demand for products is 10,000 units. The ordering cost is 40 OMR per order and the holding cost…

A: Economic order quantity (EOQ) is an ideal order quantity a firm should buy to reduce stock or…

Q: 6 lakhs ost of the product is Rs. 120 per unit and the fixed cost for the year is Rs. 96,000.…

A: The contribution margin ratio is calculated as the difference between sales and variable costs. The…

Question

) ABC Coporatin has a emand of2000 unis amaly Eah unt
Costs Rs 100 the os to pae a oder's ks. 173, imentory arying
Costis 175% of the cost o oe uit Determnine.
Number of orders per anum.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

3 In 2014. Adek Sdn Bhd made a sale of RM1,000,000 for three of its products A, B and C with a sales mix of 50%, 20% and 30% respectively. The fixed cost is RM20,000 per month. The production and sales information of these three products are as follows: Product Total cost/unit (RM) 28 40 30 Fixed cost/unit 25% of total cost 20% of total cost 30% of total cost 45 35 Sales price/unit (RM) 30 Required: value) for the year. (Round off your answers to three decimal places.)
The PILLOW Co. manufactures two products, AA and BB. The following are projections for the coming month: AA BBSales P100,000 P150,000Costs: Variable 60,000 40,000 Fixed cost for the period is P45,000. 1. Compute for the total breakeven sales.2. Determine the sales requirement for each product to breakeven.
E15.24) Economic order quantity For each of the following independent cases, use the EOQ equation to calculate the economic order quantity: Case A Case B Case C Annual requirement (in units) 13230 1681 560 Incremental cost per order $250 $40 $10 Annual carrying cost per unit $6 $20
15. MM Co. expects total sales of P10,000. The price per unit is P5. The firm estimates an ordering cost of P7.50 per order, with an inventory cost of PO.70 per unit. What is the optimum order size? A. 147 units C. 327 units D. 463 units B. 207 units
The following details relate to materials used by Ohiahyeda manufacturing enterprise to produce its product.Normal consumption 4,000Normal delivery period 5yearsMaximum consumption 5,000Minimum delivery period 3yearsThe firm uses 400units per week for its production. The current unit cost of the material is GHȼ 40, the cost of ordering is GHȼ15 and the holding costs are estimated at 6% of material value per year.RequiredCalculatei. Maximum stock levelii. Minimum stock leveliii. Average stock level
he company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 37 items are sold with 20% profit margin (COGS +20% Profit), what is COGS and Sales Revenue in LIFO? a. COGS: 9.400 TL; Sales Revenue: 11.280 TL b. COGS: 33.600 TL; Sales Revenue: 40.320 TL c. COGS: 30.300 TL; Sales Revenue: 36.360 TL d. COGS: 12.700 TL; Sales Revenue: 15.240 TL
(0) Given i formation of Bolux Milling as follows Sales. 200000 Variable cost. 100000 Fixed cost. 60000 What is percentage increase in ptoduction to earn same amount of net profit in Dec 2019 if the selling orice is reduced by 10%
This year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 ofrevenue (total revenue is $20 million), the amount of shipping cost assigned to thecustomer by using ABC would bea. unable to be determined.b. $8,000 ($0.80 per pound shipped).c. $24,000 (2% of the shipping cost).d. $12,000 (1% of the shipping cost).e. None of these.
Product Q has a sales of 80,000 units per annum and other details as follows: Material=4,80,000 Labor=1,60,000 Variable Overheads=3,20,000 Fixed Overhead=5,00,000 Fixed portion of the capital employed is 12 Lakhs. Its varying portion will be 50% of sales turnover. Find the selling price per unit to earn 12% net on capital employed, net of tax @40%
Demand for a product is 12,000 units per year. Every time an order is made, the company must pay $15.00 per order. The cost to hold an order in inventory is $2.00 per unit per year. Calculate the cost if the company orders 3,000 units each time. O A. $100 O B. $125 OC. $10,000 O D. $150
If a company normally expects a mark-up on cost of 30% and that a new product will sell successfully at a target price of OMR 260, then the mark-up of the product is _______. a. OMR 50 b. OMR 60 c. OMR 70 d. OMR 80
The Warren Watch Compony sells watches for $25, fixed Costs are $170,000, and variable costs are $15 per watch! watchili 1 ngay 20 a) What is the firm's gain or loss at sales st. of 10,000 watches & Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. $ NOM MAX 250 Seb(2 Bek What is the firm's gain or loss at sales of 18,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. ( st b) What is the break-even point Cunit sales)? Round your answer to the nearest whole number. Slow EHMNY 2.3