Fitness Express sells three different types of elliptical machines. They have manufactured 50 of each machine for a special sale. The store already ha orders for 46 of machine A and 16 of machine B. Use the following information to determine how many of machine C the store needs to sell to break even? Show your work on a separate sheet of paper. Manufacturing Cost $105.00 $140.00 $175.00 Elliptical Machine Machine A Machine B Machine C Total costs of all machines: $ Total revenue: $ Retail Cost $250.00 $305.00 $420.00

Fitness Express sells three different types of elliptical machines. They have manufactured 50 of each machine for a special sale. The store already ha orders for 46 of machine A and 16 of machine B. Use the following information to determine how many of machine C the store needs to sell to break even? Show your work on a separate sheet of paper. Manufacturing Cost $105.00 $140.00 $175.00 Elliptical Machine Machine A Machine B Machine C Total costs of all machines: $ Total revenue: $ Retail Cost $250.00 $305.00 $420.00

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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Imperial Jewelers manufactures and sells a gold bracelet for $402.00. The company's accounting system says the unit product cost for this bracelet is $264.00, as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $146 86 32 $ 264 A wedding party has approached Imperial Jewelers about buying 28 gold bracelets for the discounted price of $362.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $6. Imperial Jewelers would have to buy a special tool for $454 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $7.00 of the overhead is variable with respect to the number of bracelets produced. The company also…
Imperial Jewelers manufactures and sells a gold bracelet for $402.00. The company's accounting system says the unit product cost for this bracelet is $270.00, as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $ 150 84 36 $ 270 A wedding party has approached Imperial Jewelers about buying 25 gold bracelets for the discounted price of $362.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $5. Imperial Jewelers would have to buy a special tool for $458 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $6.00 of the overhead is variable with respect to the number of bracelets produced. The company also…
Christine's Chronographs makes two models of a high-end watch—the model 94 and the model 101. Both models go through a special polishing step that requires the use of the single polishing machine at the company. The price and costs of the two models appear as follows. Model 94 Model 101 Price per watch $ 4,800 $ 9,000 Variable cost per watch $ 2,450 $ 5,100 Polishing hours per watch 2 3 The polishing machine used for both models has a capacity of 21,000 hours annually. Fixed manufacturing costs are $7,450,000 annually. Required: a. Suppose that the maximum annual unit sales that Christine's can achieve is 10,500 units of the Model 94 and 8,000 of the Model 101. How many units of each watch model should Christine's produce annually? b. Suppose that the maximum annual unit sales that Christine's achieve make is 8,500 units of the Model 94 and 5,500 of the Model 101. How many units of each watch model should Christine's produce annually?
Subject: acounting
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! Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 640 sun shades in May and 360 in June. Each shade sells for $161. Shadee's beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to I have 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June
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The Westfall Company has a contract to produce 10,000 garden hoses for a large discount chain. Westfall has four different machines that can produce this kind of hose. Because these machines are from different manufacturers and use different technologies, their specifications are not the same. Machine 1 2 3 4 Fixed Cost to Set Up $750 $500 $1000 $300 Variable Cost Per Hose $1.25 $1.50 $1.00 $2.00 Capacity (units) 6000 7500 4000 5000 If machine 2 is used, machine 3 must be used also. However, if machine 3 is used, machine 2 need NOT be used. The company wants to minimize the total cost of fulfill the contract. Please formulate a mixed integer linear programming problem to decide which machine(s) to use and how many garden hoses to produce on each machine if the machine is used. The correct set of decision variables is: