Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers.     Jerry, Inc. Kate Co. Number of orders   6     30   Units per order   2,000     440   Sales returns:             Number of returns   4     5   Total units returned   60     180   Number of sales calls   11     3       Colleen sells its products at $180 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 $ 800 per visit Order processing   420 per order Deliveries   400 per order Sales returns   290 per return and $3 per unit returned Sales salary   114,000 per month     Required: 1. 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, Inc. and Kate Co. 2. Compare the profitability of these two customers.

Q: Company XYZ is a smart phone merchant. The company purchases smart phones directly from the…

A: The questions are multiple choice questions Required  Chooze the Correct Option.

Q: A large retailer obtains merchandise under the credit terms of 1/10, net 30, but routinely takes 65…

A: Formula to calculate retailer's effective cost of trade credit is as follows: k=(1+100−discount…

Q: Dexter, Incorporated, had a cost of goods sold of $44,121. At the end of the year, the accounts…

A: Days sales in payable is the number of days takes to pay the outstanding balance of purchases to…

Q: For the past year, Hawkeye, Inc., had a cost of goods sold of $63,882. At the end of the year, the…

A: Accounts payable turnover in days is used to signify how long it takes a company to clear its…

Q: Colleen Company has gathered the following data pertaining to activities it performed for two of its…

A: Activity based costing (ABC) is a method of assigning overhead and indirect costs such as salaries…

Q: Candy Canes Incorporated spends $109,000 to buy sugar and peppermint in April. It produces its candy…

A: Net income is the amount of money earned by an entity after deducting the expenses from the…

Q: Simply Sweets has provided the following relating to the most recent month (August 31, 2016) of…

A: Segment reporting is the reporting of the operating segments of a company in the disclosures…

Q: The Fashion Shoe Company operates a chain of women’s shoe shops that carry many styles of shoes that…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: Colleen Company has gathered the following data pertaining to activities it performed for two of its…

A: Activity-based costing:In activity-based costing the overheads are allocated to different products…

Q: The Fashion Shoe Company operates a chain of women’s shoe shops that carry many styles of shoes that…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: Last year, Pastis Productions reported $100,000 in sales and $40,000 in cost of goods sold.…

A:

Q: arge retailer obtains merchandise under the credit terms of 3/20, net 40, but routinely takes 65…

A: Discount=3% if paid within 20 daysCredit period=65 days365 days in yearFind out cost of trade…

Q: Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter…

A:

Q: Dexter, Incorporated, had a cost of goods sold of $43,921. At the end of the year, the accounts…

A: The payable turnover ratio is a financial ratio used to measure a company's efficiency in managing…

Q: Colleen Company has gathered the following data pertaining to activities it performed for two of its…

A: Operating Income -An accounting indicator known as operating income, or income from operations,…

Q: Candy Canes Incorporated spends $271,000 to buy sugar and peppermint in April. It produces its candy…

A: Income represents the earnings or revenue generated over a period, while cash flows track the actual…

Q: During its first year of operations, Mack's Plumbing Supply Co. had sales of $550,000, wr off $8,800…

A: Accounts Receivable -The amount that a business retains as cash on hand for supplying goods or…

Q: During its first year of operations, Drone Zone Corporation (DZC) bought goods from a manufacturer…

A: As per dual concept of accounting, every transaction has dual impact on the books of accounts.Assets…

Q: Prairie Manufacturing has four possible​ suppliers, all of which offer different credit terms.…

A: The agreed-upon terms and circumstances under which a buyer would pay a seller for products or…

Q: The Thai Noodle, a local Thai restaurant, expects sales to be $220,000 in January. Its average…

A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Futing its first of operations, Mack's plumbing supply co. Haf sales of $610,000, wrote off $9,800…

A: Uncollectible accounts: An uncollectible account refers to the accounts receivable that are…

Q: La Reina de Oriente, S.A., a company that sells sausages, knows that it pays its suppliers 10 times…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Colleen Company has gathered the following data pertaining to activities it performed for two of its…

A: Answer:- Activity based costing:- It is a technique for assigning overhead costs to items in…

Q: solve this pls

A:

Q: Company C Industries has sales of $6,100, cost of goods sold of $4,100, accounts receivable of $800,…

A: Sales = $6,100Cost of Goods Sold = $4,100Accounts Receivables = $800Inventory = $600Due to lack of…

Q: A large retailer obtains merchandise under the credit terms of 3/20, net 35, but routinely takes 65…

A: Trade credit: It is a way to conduct business where there is no involvement of cash but sale or…

Q: Tortoise, Inc., had a cost of goods sold of $44,921. At the end of the year, the accounts payable…

A: Creditors payment period is one of the important efficiency ratio being used in business. This shows…

Q: During its first year of operations, Mack's Plumbing Supply had sales of $370,000, wrote off $6,000…

A: Net Income for second year using allowance method = $44,400 +Accounts receivable written off - Bad…

Q: The Thai Noodle, a local Thai restaurant, expects sales to be $220,000 in January. Its average…

A: Number of customer transactions paid for using credit cards = Total sales revenue expected to be…

Q: Lovepreet's buys supplies to make pizzas at a cost of $5.54. Operating expenses of the business are…

A: Operating expenses = 5.54 ×146% = 8.0884

Q: Colleen Company has gathered the following data pertaining to activities it performed for two of its…

A: Calculation of total cost for Colleen Company to service Jerry, Incorporated and Kate Company and…

Q: Dexter, Incorporated, had a cost of goods sold of $43,921. At the end of the year, the accounts…

A: Given,  The cost of goods sold is $43,921 Accounts payable balance $7,943

Q: Hare, Inc., had a cost of goods sold of $43,921. At the end of the year, the accounts payable…

A: Creditor turnover ratio = Cost of goods sold/Average accounts payable