Problem Costing: Coastal Shipping Container pricing matrix is show below.܀20ft container = Base price40ft container = 1.75 × baseRefrigerated surcharge = 45%Insurance: 8% of subtotalFor 12 standard 40ft and 8 refrigerated 20ft containers at $2,000base, find total cost.

Explanation of Base PriceThe base price refers to the cost of a standard 20ft shipping container,…

Answered: Costing: Coastal Shipping Container…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Costing
Assuming there are two vessels you can choose from to ship containers from the Port of Oakland to Shanghai, China. The cost and price information of these two vessels is given as below. (TEU: Twenty-foot equivalent unit). Vessel Name Fixed cost (\($) Variable cost per Price per TEU (1)$) TEU ($$$) Sea-land Eagle 1,000 2 3 A.P. Moller 4,000 1 3 Answer the next five questions based on the above information. Which vessel would you choose if there were 2000 TEUS to ship? Select one: O a. Sea-land Eagle О Б.А.Р. Мoller O c. No preference. Which vessel would you choose if there were 3000 TEUS to ship? Select one: a. Sea-land Eagle О Б.А.Р. Мoller O c. No preference.
Use the below table to answer the following questions. Selling Price = $43.00 Fixed Cost $47,200 47, 200 47,200 57, 200 57, 200 57, 200 67,200 67,200 67,200 Required Variable Cost 15 16 17 15 16 17 15 16 17 2,200 $14,400 12, 200 10,000 4,400 2,200 (5,600) (7,800) (10,000) 3,200 $42,400 39, 200 36,000 32,400 29, 200 26,000 22,400 19, 200 16,000 Sales Volume 4,200 Profitability $70,400 66, 200 62,000 60,400 56,200 52,000 50,400 46, 200 42,000 5,200 $98,400 93,200 88,000 88,400 83,200 78,000 78,400 73,200 68,000 6, 200 $126,400 120, 200 114,000 116,400 110, 200 104,000 106,400 100, 200 94,000 a. Determine the sales volume, fixed cost, and variable cost per unit at the break-even point. b. Determine the expected profit if Franklin projects the following data for Delatine: sales, 4,200 bottles; fixed cost, $47,200; and variable cost per unit, $17. c. Franklin is considering new circumstances that would change the conditions described in Requirement b. Specifically, the company has an…
Evaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99
VC per unit when LAV is 100 units = $ 20FC per unit when LAV is 200 units = $ 10Required: Calculate each of the following:1. Total costs of production when LAV is 100 units = $2. Total costs of production when LAV is 200 units = $ 3. Total costs of production when LAV is 50 units $4. Total costs of production when LAV is 400 units = $5. Total costs of production when LAV is Zero units = 56. Unit cost when LAV is 500 units = $7. 8. Unit cost when LAV is 20 units = $9. Unit cost when LAV is 250 units = $10. Unit cost when LAV is 1 unit = $ Unit cost when LAV is Zero units = =
Kindly provide the correct options for the following three questions
Given the price and cost data shown in the accompanying table for each of the three firms, F, G, and H: (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Firm F G H Sale price per unit $18.00 $21.00 $30.00 Variable operating cost per unit 6.75 13.50 12.00 Fixed operating cost 45,000 30,000 90,000 a. What is the operating breakeven point in units for each firm? b. How would you rank these firms in terms of their risk?
Find out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.
Use a cost-volume graph to determine the type of cost behavior exhibited in Groups A, B, and C. In the graph, volume should range from 0 to 38, 400 units (in 4,000 unit increments), and cost should range from $0 to $49,000 (in $5,000 increments). Volume Group A Group B Group C (applicable to each group) Costs Costs Costs 3,200 $3,640 $1,400 $ 3,360 19,200 17,640 8,400 3,360 25,600 23,240 11,200 3, 360 32,000 28,840 14,000 3,3601. Identify the cost behavior (fixed, mixed, or variable) in the three groups. Group Cost behavior A B C 2. What is the expected total cost for Group B if volume is 0? $Answer 3. What is the expected total cost for Group C if volume is 0?
K Suppose that a company offers quantity discounts. If up to 1,000 units are purchased, the unit price is $12; if more than 1,000 and up to 5,000 units are purchased, the unit price is $8.00; and if more than 5,000 units are purchased, the unit price is $7.50. Develop an Excel template using the VLOOKUP function to find the unit price associated with any order quantity and compute the total cost of the order. Complete the formulas in the spreadsheet below. Select the correct VLOOKUP function in cell C8 to find the unit price for the order quantity. (Type integers or decimals rounded to two decimal places as needed.) 1 2 3 5 6 7 8 6 A B C Purchase Quantity 1 to 1000 1001 to 5000 5001 or more Quantity Ordered Unit Price Total Cost 2400 D Unit Price $ $ $
Complete the table below. Rate of Rate of Price of Markup Based on Cost Markup Based on Cost Markup Selling Price Selling Price Php 1 150 Php 3 450 2. Php 2 070 Php 690 3. Php 1 150 Php 5 750 4. Php 5 520 Php 11 040 5. Php 4 830 Php 4 370 6. Php 18 400 Php 27 600 7. Php 8 050 Php 23 000
Consider the Redwing Automotive total cost information summarized in the following table. Please need answer the general accounting question

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Costing: Coastal Shipping Container pricing matrix is show below. ܀ 20ft container = Base price 40ft container = 1.75 × base Refrigerated surcharge = 45% Insurance: 8% of subtotal For 12 standard 40ft and 8 refrigerated 20ft containers at $2,000 base, find total cost.