Consider the following data collected for Albo's Rentals: Direct Materials Direct Manufacturing Labor Cost incurred Actual inputs x Actual prices $210,000 $95,000 Actual inputs x standard prices 214,000 88,000 Standard inputs allowed for actual output x standard prices 220,000 85,000 Required: Compute the price and efficiency variances for direct materials: Question 17Answer a. Price $4000 F; Efficiency $10000 U b. Price $5000 F; Efficiency $5000 F c. Price $4000 F; Efficiency $6000 F d. Price $10000 U; Efficiency $4000 F

Consider the following data collected for Albo's Rentals: Direct Materials Direct Manufacturing Labor Cost incurred Actual inputs x Actual prices $210,000 $95,000 Actual inputs x standard prices 214,000 88,000 Standard inputs allowed for actual output x standard prices 220,000 85,000 Required: Compute the price and efficiency variances for direct materials: Question 17Answer a. Price $4000 F; Efficiency $10000 U b. Price $5000 F; Efficiency $5000 F c. Price $4000 F; Efficiency $6000 F d. Price $10000 U; Efficiency $4000 F

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

See similar textbooks

Similar questions

Alpha Company Employee Pro ductivity Resulte Alpha Company Individual Employee Report for Sheila in 02 Qt resuts 30 Breakdown by Types of Services 02 resuts 26 24 0 forecast 21 20 Services 20 1010 19 20% Basic A 15 1313 Basic B 15 Upgrade A 10 Upgrade B 41% Deluxe A Maurice Auan Rohan Shela Anna Andrew Deluxe B Given the sales trends of Q1 to Q3, the most reasonable conclusion to be drawn is that revenue from... • Andrew will increase in Q4 OJuan will increase in Q4 Clear Answer Andrew will decrease in Q4 O Rohan will exceed that of Anna in Q4 Anna will exceed that of Sheila in Q4
29 00:24 1 令.l 50 B/s Question no. 02: A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $650,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Novan Selling Price (in dollars) 35 26 24 16 Variable Cost/unit (in dollars) 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games?
Practice problem 3. Product Mix Decision o U-Develop makes metal and wood picture frames o The metal frames take 30 minutes of machine time/unit o The wood frames take 60 minutes of machine time/unit U-Develop Frame Department Price/unit Variable costs/unit: Direct materials Direct labor Variable MOH Contribution Margin Fixed costs: Fixed MOH Selling & admin. Total fixed costs Metal Frames $8 A 00 00 8 $50 20 $30 Wood Frames I $22 24 4 o Strategy if machine-hours (MH) are unlimited: ▪ How many metal frames? ▪ How many wood frames? Reason: o Strategy if machine-hours (MH) are limited: How many metal frames? ▪ How many wood frames? . Reason: $80 50 $30 $3,000 1,500 $4,500
Please do not give solution in image formate thanku.
Requirement Show your working calculation
What are quality standards and how to guarantee your company has reached them? QUESTION 2:What are the four flows within the corporate environment, which are tried to optimize through logistics? QUESTION 3:Describe supplier selection and evaluation process. QUESTION 4:What are the differences between local and global sourcing? Explain also in which situations either of the options are preferable. QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations? QUESTION 6:Explain the purpose, methods and the outcome of good customer service process. Your answer must be at least 1-2 pages.
chapter 7 4. Calculate the shortage or overage percent, given the following information. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). NOTE. There is another question in this quiz using the same data. Opening inventory $64,280 RTV $960 Gross purchases $123,645 Customer returns $9,780 Gross sales $105,420 Transfers in $12,219 Transfers out $9,769 Markdowns $15,290 Markdown cancellations $940 Employee discounts $670 Closing physical inventory $77,700
d) Cost of the fifth unit = ? (round your response to the nearaest whole number. (How do I find the calculation for this question?)
4. What is FIFO method? 5. what is Average cost method?
Q The manager of a fast food restaurant featuring hamburgers is adding salads to the menu. For each of the two new options, the price to the customer will be the same. The MAKE option is to install a salad bar stocked with vegetables, fruits and toppings and let the customer assemble the salad. The salad bar would have to be leased and a part-time employee hired. The manager estimates the fixed cost at $12000 and variable costs totalling $1.5 per salad. The BUY option is to have pre-assembled salads available for sale. They would be purchased from a local supplier at $2 per salad. However, offering pre-assembled salads would require installation and operation of additional refrigeration, with fixed annual cost of $2400. What is the rational decision if A) the manager expects to sell 25000 salads per year and B) the manager expects to sell 18000 salads
2. Discover ambiguities or omissions in the following statement of requirements for part ofa ticket-issuing system:An automated ticket-issuing system sells rail tickets. Users select their destination andinput a credit card and a personal identification number. The rail ticket is issued and themcredit card account charged. When the user presses the start button, a menu display ofpotential destinations are activated, along with a message to the user to select a destination.Once a destination has been selected, users are requested to input their credit card. Itsvalidity is checked and the user is then requested to input a personal identifier. When thecredit transaction has been validated; the ticket is issued.
Required: Create a Competitive Analysis for Hersheys Company Noted: details in the photo attached