Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Apparel Supplies Boots $ 149,000 $ 103,000 $ 69,000 144,000 66,950 86,950 125,000 Skis $ 175,000 138,000 Replacement cost 118,000 Sales commission 10 Selling price Cost $125,000. $134,100. $144,000. % 10 O$96,850. % 10 96 48,300 44,300 10 In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: 96

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Apparel Supplies Boots $ 149,000 $ 103,000 $ 69,000 144,000 66,950 86,950 125,000 Skis $ 175,000 138,000 Replacement cost 118,000 Sales commission 10 Selling price Cost $125,000. $134,100. $144,000. % 10 O$96,850. % 10 96 48,300 44,300 10 In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: 96

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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I. Activity Costs Caused by Suppliers (testing failures and reordering as a result) Activity Costs Testing components $1,200,000 Reordering components 300,000 II. Supplier Data Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit purchase price $10 $26 $12 $28 Units purchased 120,000 81,700 15,000 15,000 Failed tests 1,300 780 10 10 Number of reorders 60 40 0 0 Required: Determine the cost of each supplier by using ABC. Round Test and Reorder rates to the nearest dollar, and final answers to the nearest cent. Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit cost: $fill in the blank $fill in the blank $fill in the blank $fill in the blank
mabled: Exam 5 Saved Assume a company manufactures many products, one of which normally sells for $48 per unit. The company's accounting syster cost for this product: Direct materials Direct labor Manufacturing overhead Total cost Per Unit $ 18 12 10 $ 40 The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder unaffected by the volume of units produced within the relevant range. A customer has approached the company with an offer to buy 300 units of a customized version of the product mentioned above f this order using existing manufacturing capacity. To accommodate the customer's desired product design, the company would incu per unit of $3. It would also have to buy a special tool for $580 that has no other use or resale value after the special order is compl this order will not have any effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the speci Multiple Choice $(300)…
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Multiple Choice $162,000. $128,000. $120,000. $180,000.
CH7-44 Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: Questions are attached. Please ensure to answer only Question 4 : COMPUTE THE MARGIN OF SAFETY FOR THE COMING YEAR IN SALES DOLLARS - THANK YOU DVDs Equipment Sets Price $8 $25 Variable cost per unit 4 15 Total fixed cost is $110,100. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale to health clubs. The company estimates that 9,000 mats can be sold at a price of $20 and a variable cost per unit of $11. Total fixed cost must be increased by $36,700 (making total fixed cost $146,800). Assume that anticipated sales of the other products, as well as their prices and variable costs, remain the same.
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Kimmel, Financoial Accounting, 8e Hein I Sestum Announcements CALCULATOR PRINTER VERSION 4BACK NEXT riel Exercise 9-2 hendan Company incurs these expenditures in purchasing a truck: cash price $27,170, accident insurance (during use) $2,310, sales taxes $1,270, motor vehicle license $460, d painting and lettering $2,170. at is the cost of the truck? cnst of the truck if you would like to Show Work for this question: Open Show Work TO TEXT INTERACTIVE TUTORIAL Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER
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