Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Jerry, Incorporated 6 3,000 Number of orders Units per order Sales returns: Number of returns Total units returned Number of sales calls Activity Sales calls Order processing Deliveries Sales returns Sales salary Colleen sells its products at $230 per unit. The firm's gross margin ratio is 25%. Both Jerry and Kate pay their accounts promptly a no accounts receivable is over 30 days. After using business analytics software to carefully analyze the operating data for the past months, the firm has determined the following activity costs: 58 15 Customer unit level costs: Sales returns Customer batch level costs: Order processing Sales returns Delivery Customer sustaining costs: Sales calls Required: 1. Using customers as the cost objects, classify the activity costs into cost categories (unit-level, batch-level, etc.) and compute the cost for Colleen Company to service Jerry, Incorporated and Kate Company. 2. Compare the profitability of these two customers. Total Kate Company 68 468 Complete this question by entering your answers in the tabs below. 3 198 4 $888 per visit 288 per order 448 per order 248 per return and $3 per unit returned 83,000 per month Required 1 Required 2 Using customers as the cost objects, classify the activity costs into cost categories (unit-level, batch-level, etc.) and compute the total cost for Colleen Company to service Jerry, Incorporated and Kate Company. Kate Company Jerry. Incorporated S Cost Driver and Rate $ 0

Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers.     Jerry, Incorporated Kate Company Number of orders 4 50 Units per order 3,000 160 Sales returns:     Number of returns 2 5 Total units returned 40 120 Number of sales calls 14 3   Colleen sells its products at $280 per unit. The firm’s gross margin ratio is 25%. Both Jerry and Kate pay their accounts promptly and no accounts receivable is over 30 days. After using business analytics software to carefully analyze the operating data for the past 30 months, the firm has determined the following activity costs:   Activity Cost Driver and Rate Sales calls $600 per visit Order processing 240 per order Deliveries 480 per order Sales returns 270 per return and $6 per unit returned Sales salary 94,000 per month   Required: 1. Using customers as the cost objects, classify the activity costs into cost categories (unit-level, batch-level,…

The monster truck operates serveral specialty

Gambarini Corporation is a wholesaler that sells a single product. Please provide answer this general accounting question

Computers and More offers discounts to its customers and allows the customer to return the product if not satisfied. Computers and More had sales of $850,000 and offers the customer a payment term of 3/12 n/30. The company received $15,000 in returned goods. The cost of goods sold for the period after returns was $320,000. Calculate net profit and gross profit.

The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)

Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers take credit). What is the companys average accounts receivable?

Customers as a Cost Object Morrisom National Bank has requested an analysis of checking account profitability by customer type. Customers are categorized according to the size of their account: low balances, medium balances, and high balances. The activities associated with the three different customer categories and their associated annual costs are as follows: Additional data concerning the usage of the activities by the various customers are also provided: Required: (Note: Round answers to two decimal places.) 1. Calculate a cost per account per year by dividing the total cost of processing and maintaining checking accounts by the total number of accounts. What is the average fee per month that the bank should charge to cover the costs incurred because of checking accounts? 2. Calculate a cost per account by customer category by using activity rates. 3. Currently, the bank offers free checking to all of its customers. The interest revenues average 90 per account; however, the interest revenues earned per account by category are 80, 100, and 165 for the low-, medium-, and high-balance accounts, respectively. Calculate the average profit per account (average revenue minus average cost from Requirement 1). Then calculate the profit per account by using the revenue per customer type and the unit cost per customer type calculated in Requirement 2. 4. CONCEPTUAL CONNECTION After the analysis in Requirement 3, a vice president recommended eliminating the free checking feature for low-balance customers. The bank president expressed reluctance to do so, arguing that the low-balance customers more than made up for the loss through cross-sales. He presented a survey that showed that 50% of the customers would switch banks if a checking fee were imposed. Explain how you could verify the presidents argument by using ABC.

Prairie Manufacturing has four possible​ suppliers, all of which offer different credit terms. Except for the differences in credit​ terms, their products and services are virtually identical. The credit terms offered by these suppliers are shown in the following​ table: LOADING... (Note​: Assume a​ 365-day year.)   Supplier     Credit terms       J          2/15 net 40 EOM      K         2/20 net 80 EOM      L          1/10 net 60 EOM      M         3/10 net 100 EOM   a. Calculate the approximate cost of giving up the cash discount from each supplier.   b. If the firm needs​ short-term funds, which are currently available from its commercial bank at 10​%, and if each of the suppliers is viewed separately​, ​which, if​ any, of the​ suppliers' cash discounts should the firm give​ up?     c. Now assume that the firm could stretch by 30 days its accounts payable​ (net period​ only) from supplier M. What​ impact, if​ any, would that have on your answer in part b relative to this​…

Assume that you have a company. And the management team estimates that 3% of sales will be uncollectible.  Give any amount of sales and prepare the journal entry using the percent of sales method.