Eagle Tiles is a small distributor of marble til and storage, and shipping, and it reports the (Click the icon to view the details.)
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- Deco Tiles is a small distributor of marble tiles. Deco identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2019: (Click the icon to view the details.) For 2019, Deco buys 280,000 marble tiles at an average cost of $3 per tile and sells them to retailers at an average price of $7 per tile. Assume Deco has no fixed costs and no inventories. Data table Activity 1. Placing and paying for orders of marble tiles 2. Receiving and storage 3. Shipping of marble tiles to retailers Cost Driver Number of orders Loads moved Number of shipments Quantity of Cost Driver 500 5,000 2,200 Cost per Unit of Cost Driver $80 per order $60 per load $50 per shipment X6. Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine sells 40,000 picture frames in 1,000 shipments in 2022, what is Kristine's operating income for 2022?7. Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine sells 40,000 frames in 800 shipments in 2022, What is the Kristine's operating income for 2022?
- 8. Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine anticipates making 500 shipments in 2022. How many picture frames must Kristine sell to break even in 2022?Printer Supply Company sells computer printers and printer supplies. One of its products is a toner cartridge for laser printers. At the beginning of 2019, there were 225 cartridges on hand that cost $62 each. During 2019, Printer Supply purchased 1,475 cartridges at $62 each. After inspection, Printer Supply determined that 15 cartridges were defective and returned them to the supplier. Printer Supply also sold 830 cartridges at $95 each and sold an additional 710 cartridges at $102 each after a midyear selling price increase. Customers returned 20 of the cartridges that were purchased at $102 to Printer Supply for miscellaneous reasons. Assume that Printer Supply uses a perpetual inventory system. . Prepare summary journal entries to record the purchases, sales, and return of inventory. Assume that all purchases and sales are on credit but no discounts were offered. Record the entry for the cost of goods sold related to the sales during the year. Cost of Goods Sold ?…You are given the information below and you are requested to answer the following questions (keep your calculations at a side paper because you might need them to answer other questions also): Beginning finished goods, 1/1/2019 $ 90,000 Ending finished goods, 31/12/2019 $ 77,000 Cost of goods sold $ 270,000 Sales revenue $ 500,000 Operating expenses $ 155,000 Question: What is gross margin for 2019?
- May I ask for an explanation and solution to the question for a better understanding. Thank you! 19. Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales Price factor shows a variance of: a. P56,000 F b. P56,000 U c. P100,000 F d. P100,000 ULuke sells machines, and also offers installation and technical support services. The individual selling prices of each product are shown below. Sale price of goods $75 Installation $25 A year’s service $50 Company X bought a machine on 1 May 2018 and was charged a reduced price of $100. Luke only offers discounts when customers purchase a package of products together. According to IFRS 15 Revenue from Contracts with Customers, how much should be recorded in revenue for the year ended 31 December 2019? Answer should be rounded to the nearest $.A company is planning to manufacture rocking chairs. The fixed cost is $40,000 and the cost pre rocking chair is $80. Each rocking chair will be sold for $180. In the space below, type in the formula for the revenue function, R(x), from the sale of x rocking chairs.
- May I ask for an explanation and solution to the question for a better understanding. Thank you! 21. Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales-mix factor shows a variance of: a. P2,500 F b. P4,000 U c. P5,750 F d. P5,750 URoe manufactures and sells cloth facial masks. Per unit direct material and direct labor costs are $1 and $2 respectively. Other than these costs, Roe pays $1,000 for rent, $1,500 for the floor manager's salary, and recognizes $300 depreciation on the equipment every month. Roe sells each mask at $10. If Roe sells 500 masks, what would be Roe's total revenue and total costs? Group of answer choices Total revenue: 5,000; Total costs: 1,500 Total revenue: 5,000; Total costs: 4,300 Total revenue: 3,500; Total costs: 1,500 Total revenue: 3,500; Total costs: 2,800Gonzales Brush Company sells standard hair brushes.The following Information summarizes Gonzales's operating activities for 2018. Requirements Requirement 1. Calculate the operating income for 2018 Requirements 2. Gonzales sold 6.200 brushes in 2018 Compute the unit cost for one brush