Economic Order Quantity Total Annual Cost Reorder Point.
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Q: Fill in the missing amounts in each of the eight case situations below. Each case is independent of…
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Below are the data in relation to the sale of Fabulous Beer. Solve for the
Economic Order Quantity
Total Annual Cost
Reorder Point.
Step by step
Solved in 3 steps with 3 images
- Which will cause the gross profit of last period to vary with the current period: 1. change in sales mix. 2. change in quantity sold. 3. change in units produced. 4. change in production costs. 5. change in unit selling prices 6. change in variable period costs A. 2, 4 and 5 B. 1, 2, 4 and 5 C. 1, 2, 3, 4 and 5 D. 1, 2, 4, 5 and 6The rate of markup on cost on a product selling at $64.50 is 45%. What is the cost of the product to the retailer? What is the rate of markup on selling price?prepare an income statement for last year using variable costing
- 1. Compute the unit product cost under absorption costing. 2. Compute the net income under absorption costing. 3. What will be the value of the ending inventory if the company is using absorption costing?Calculate the break-even units for each product, showing the intermediate calculations for the allocated fixed costs and selling price (dealer invoice).Fill in the missing amounts in each of the eight case situations below. Each case Is Independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format Income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Fixed expenses Operating income (loss) Contribution margin per unit Sales Variable expenses Fixed expenses $ Operating income (loss) Average contribution margin (percentage) Case #1 20,400 244,800 163,200 68,000 $ $ 136,000 $ 10 Case #2 $ Case #1 536,000 43,520 10.880 $ 8,800 20% 10 $ 69 Case #3 Case #2 13,600 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) 436.000 283.400 109.000 95,200 16,320 13 $ S CA Case #4…
- calculate the fixed and variable components of the selling and administrative expenses by dividing the change in cost of the selling and administrative expenses between 2009 and 2010 to change in sales between 2009 and 2010 and use it to determine the fixed and variable components of the cost of the selling and administrative expenses . Saunders Corporation (amounts in millions of dollars) 2009 2010 Sales 8,296 8,871 Cost of Goods Sold (5,890) (6,290) Selling and Administrative Expenses (1,788) (1,714) Operating Income before Income Taxes 618 867Construct an income proforma operating statement using the following information. It should show the following on a whole dollar basis: PGI (rental income and other income itemized), vacancy & collection loss, EGI, operating expenses, OER, and NOI. 64,000 SF warehouse Market rent is $9.25/SF with industrial gross terms. Industrial gross in this market means the landlord pays for taxes, insurance, and common area maintenance (CAM). Market vacancy in this market is 3.5%. Market collection loss is 0.5%. Operating expenses include: insurance: $0.10/SF Real estate taxes: $2.75/SF CAM: $0.20/SF Management fee: 3% of EGI Replacement reserves: Based on a sinking fund factor for $195,000 in 7 years in an interest-bearing account with a rate of 4% (annual compounding).Question 3: Net profit (or loss) expresses the difference between the price that materials or goods (food) were sold for with all associated costs subtracted. This includes the materials costs (e.g. food), labour costs and all other overhead costs (e.g. packaging, power costs, rent, etc.). Express the Total Costs in money($), net profit (NP) in money ($) and as a percentage (%) in the table below. Show the working below the table. Sales $140.55 $175.98 $.268.90 $555.65 $1010.80 Food Costs $40,99 $55.45 $81.38 $120.00 $300.70 Labour Costs $50.50 $61.25 $90.45 $155.98 $240.54 Overheads $23.34 $34.00 $74.88 $111.54 $230.78 Total Costs Net Profit (S) Net Profit as %
- Suppose that one of Willcom's sellers sells two types of projects with pricing as follows: Projector X costs: $16 per unit if the order quantity is less than 125; $15 per unit if the quantity is at least 125 but less than 300; $14.5 per unit if the quantity is at least 300 but less than 450; $14 per unit if the order quantity is at least 450. Project Y costs $16 per unit. Suppose placing an order costs the buyer $50 in processing costs. Holding cost is based on 30% annual rate. Annual demand for projector X is 600 and for projector Y is 250. What is the minimum annual total cost (ordering, holding and purchasing) if the buyer places independent orders for the two products?Which of the below statements refers to the concept of deferred payment? a. It is the original selling price of a product. b. It is the sum of down payment and all the monthly payments. c. It is the net price paid after discount. d. It is the totality of all monthly payments and the amount financed.Which of the following statements correctly complete the sentence:"Gross Margin equals":I. sales revenue less (minus) cost of goods sold.II. contribution margin less (minus) fixed costs.III. operating income plus all period costs.IV. sales revenue less (minus) cost of goods manufactured.
