Harvest Farms Ltd. sells 40- pound bags of apples to grocery stores for $12 per bag. The fixed costs of this operation are $120,000, while the variable costs of apples are $0.15 per pound. What is the break-even point in bags?
Q: Need help this question
A: 1. Given DataItemValueProfit Margin7.5%Sales (Revenue)$18,900,000Total Assets$13,600,000 2. Key…
Q: Compute the gross margin of this financial accounting question
A: Step 1: Definition of Gross MarginGross margin refers to the difference between sales revenue and…
Q: calculate Sophia's net earnings for the week.
A: Step 1: Definition of Gross EarningsGross earnings refer to the total income earned by an employee…
Q: Please determine the following requirements of this general accounting question
A: Step 1: DefinitionsManufacturing Margin: This represents the profit after deducting variable and…
Q: Please provide correct answer general accounting
A: Step 1: Define Factory OverheadFactory overhead refers to the indirect costs incurred in the…
Q: Determine Accounts receivable turnover ratio
A: Explanation of Accounts Receivable: Accounts receivable represents the money owed to Austin…
Q: What are the total overhead costs assigned to job 101?
A: Explanation of Overhead Allocation:Overhead Allocation is the process of assigning indirect…
Q: For the current year ending December 31, Rutherford Manufacturing expects fixed costs of $4,200,000,…
A: Explanation of Fixed Costs:Fixed costs are business expenses that remain constant regardless of the…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Accounts Receivable LevelThe Accounts Receivable Level represents the total…
Q: Want to this question answer general accounting
A: Step 1: Define Gross Profit PercentageGross profit percentage measures how much of a company's…
Q: help
A: The problem provides the following financial information for Corry Inc:Return on Assets (ROA) =…
Q: General accounting
A: Step 1: Define Gain or Loss on Sale of an AssetA gain or loss occurs when an asset is sold for more…
Q: None
A: Concept of Overhead CostsOverhead costs refer to the ongoing expenses of operating a business that…
Q: Income from operations for Division M is $275,000, total service department charges are $350,000,…
A: Explanation of Income from Operations: Income from operations, also known as operating income,…
Q: No AI ANSWER
A: In conclusion, to attain a profit of $12,500, the enterprise must sell 5,313 units. This formula…
Q: Accurate Answer
A: Provided Data:Sales commission when 1,500 units are sold = $6,000Sales commission when 3,000 units…
Q: ACT B405F Assignment Due date: 28-3-2025 Write clearly your name, student ID and tutorial group…
A: Step 1:Physical Measure Method Calculation Under this method, joint costs are allocated based on the…
Q: Budgeted overhead for Galaxy Manufacturing at the normal capacity of 40,000 direct labor hours is $7…
A: Step 1: Definition of Overhead Controllable VarianceOverhead Controllable Variance is the difference…
Q: What is the realized gain on these financial accounting question?
A: Step 1: Define Realized GainRealized gain refers to the profit an investor earns when an asset or…
Q: BrightClean Car Wash reviewed its water bill and found that the highest bill was $5,000 when they…
A: Step 1: Definition of Variable CostVariable cost refers to expenses that change in direct proportion…
Q: Provide correct solution and accounting question
A: Step 1: Definition of Accounting EquationThe accounting equation is the fundamental principle in…
Q: Accounting answer
A: Step 1: Definition of Operating Leverage FactorThe operating leverage factor measures the…
Q: General accounting
A: Step 1: Definition of Asset Turnover RatioThe Asset Turnover Ratio measures a company's ability to…
Q: What is the firm's Return on Assets (ROA)?
A: Solution ExplanationWe are given:Profit Margin = 7.5%Sales = $18,900,000Total Assets = $13,600,000We…
Q: The estimated amount of ending inventory?
A: Explanation of Gross Margin: Gross margin represents the percentage of revenue that exceeds the cost…
Q: Burson Enterprises' May 31 bank reconciliation shows deposits in transit of $850. The general ledger…
A: Explanation of Bank Reconciliation: A bank reconciliation is a process that compares a company's…
Q: Don't Want Ai Answer
A: Concept of Pre-determined Overhead Rate:The pre-determined overhead rate is an estimate of the…
Q: Soove these accounts qn fastly
A: Part 1: How does business model evolution affect accounting adaptation?Correct Answer: (a) Changing…
Q: Need correct answer general accounting question
A: Step 1: Define Total AssetsTotal assets include all resources owned by a business that provide…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Total Cash PaymentTotal cash payment refers to the sum of all amounts due for…
Q: FlagStaff Ltd has a defined benefit pension plan for its employees. The company is considering…
A: Actuarial Gain/Loss on Defined Benefit Obligation (DBO)Closing DBO=Opening DBO+Current Service…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Average Collection Period (Days Sales Outstanding - DSO)The Average Collection…
Q: Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable,…
A: Step 1: A two-column journal is used to record the business transaction's debit and credit side…
Q: Copyrights, Patents and Trademarks are examples of A) Current assets B) Fixed assets C) Intangible…
A: Copyrights, patents, and trademarks are classified as intangible assets because they lack physical…
Q: Robertson Corp. expects to sell 32,500 units. Each unit requires 5 pounds of direct materials at $18…
A: Explanation of Planned Production: Planned production represents the total number of units a company…
Q: compute happy paws gross profit for 2021
A: Step 1: Definition of Gross ProfitGross profit is the revenue generated from sales minus the cost of…
Q: please make sure all the figures are accurate.
A: Step 1:A. Physical Measure Method Joint Cost per Unit=Total Number of Units ProducedTotal Joint…
Q: What will be the ipo price
A: Calculate the Total Shares Outstanding After the IPOWe add the new shares to the existing…
Q: Blakely Manufacturing bases its predetermined overhead rate on the estimated machine-hours for the…
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated…
Q: What were the total liabilities on December 31 on these general accounting question?
A: Step 1: IntroductionTotal Assets = $75,000Shareholders' Equity = $45,000We need to calculate total…
Q: Blueberry Corp. plans to tighten its credit policy. The new policy will decrease the average number…
A: The key changes:Collection period: 65 days → 45 daysCredit sales ratio: 80% → 70%Sales impact: 8%…
Q: Accounting
A: Concept of Annuity: An annuity is a financial product that provides a series of equal payments made…
Q: Solve this Accounting problem
A: Explanation of Return on Assets (ROA): Return on Assets is a profitability ratio that measures how…
Q: Transactions and T Accounts The following selected transactions were completed during July of the…
A: Step 1: Journal entries: The way to record the transactions of a company is journal entries. The…
Q: what is the cost of the ending work-in-process inventory?
A: Step 1: Definition of Work-in-Process (WIP) InventoryWork-in-Process (WIP) Inventory refers to the…
Q: General accounting
A:
Q: General Accounting
A: Concept of Cost of Units Transferred OutThe cost of units transferred out refers to the total cost…
Q: Solve the question below
A: Obourfa-Dadeafa EnterpriseStatement of Financial Position (After Transactions)AssetsNon-Current…
Q: what is the company's gross margin?
A: Step 1: Definition of Gross MarginThe gross margin (also called gross profit) represents the revenue…
Q: For this discussion, address the questions below: Choose a global company that you feel does an…
A: The company I have chosen for this assignment is Apple Inc. The reason for choosing Apple is because…
Solve this Accounting problem


Step by step
Solved in 2 steps

- Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the economic order quantity. 2. Compute the ordering, carrying, and total costs for the EOQ. 3. How much money does using the EOQ policy save the company over the policy of purchasing 4,000 plastic housing units per order?Kaune Food Products Company manufactures canned mixed nuts with an average manufacturing cost of 52 per case (a case contains 24 cans of nuts). Kaune sold 150,000 cases last year to the following three classes of customer: The supermarkets require special labeling on each can costing 0.04 per can. They order through electronic data interchange (EDI), which costs Kaune about 61,000 annually in operating expenses and depreciation. Kaune delivers the nuts to the stores and stocks them on the shelves. This distribution costs 45,000 per year. The small grocers order in smaller lots that require special picking and packing in the factory; the special handling adds 25 to the cost of each case sold. Sales commissions to the independent jobbers who sell Kaune products to the grocers average 8 percent of sales. Bad debts expense amounts to 9 percent of sales. Convenience stores also require special handling that costs 30 per case. In addition, Kaune is required to co-pay advertising costs with the convenience stores at a cost of 15,000 per year. Frequent stops are made to each convenience store by Kaune delivery trucks at a cost of 30,000 per year. Required: 1. Calculate the total cost per case for each of the three customer classes. (Round unit costs to four significant digits.) 2. Using the costs from Requirement 1, calculate the profit per case per customer class. Does the cost analysis support the charging of different prices? Why or why not? 3. What if Kaune charged the average price per case to all customer classes? How would that affect the profit percentages?Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.
- Country Diner currently makes cookies for its boxed lunches. It uses 40,000 cookies annually in the production of the boxed lunches. The costs to make the cookies are: A potential supplier has offered to sell Country Diner the cookies for $0.85 each. If the cookies are purchased, 10% of the fixed overhead could be avoided. If Jason accepts the offer, what will the effect on profit be?Reubens Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided, If Reuben accepts the offer, what will the effect on profit be?Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the annual ordering cost. 2. Compute the annual carrying cost. 3. Compute the cost of Ottiss current inventory policy. Is this the minimum cost? Why or why not?
- Carroll Company, a manufacturer of vitamins and minerals, has been asked by a large drugstore chain to provide bottles of vitamin E. The bottles would be labeled with the name of the drugstore chain, and the chain would pay Carroll 2.30 per bottle rather than the 3.00 regular price. Which type of a decision is this? a. Make-or-buy b. Special-order c. Keep-or-drop d. Economic order quantity e. Markup pricingMarkson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. What is the variable cost per copy if Markson uses the high-low method to analyze costs?Shelby Industries has a capacity to produce 45.000 oak shelves per year and is currently selling 40,000 shelves for $32 each. Martin Hardwoods has approached Shelby about buying 1,200 shelves for a new project and is willing to pay $26 each. The shelves can be packaged in bulk; this saves Shelby $1.50 per shelf compared to the normal packaging cost. Shelves have a unit variable cost of $27 with fixed costs of $350,000. Because the shelves dont require packaging, the unit variable costs for the special order will drop from $27 per shelf to $25.50 per shelf. Shelby has enough idle capacity to accept the contract. What is the minimum price per shelf that Shelby should accept for this special order?
- Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.Polaris Inc. manufactures two types of metal stampings for the automobile industry: door handles and trim kits. Fixed cost equals 146,000. Each door handle sells for 12 and has variable cost of 9; each trim kit sells for 8 and has variable cost of 5. Required: 1. What are the contribution margin per unit and the contribution margin ratio for door handles and for trim kits? 2. If Polaris sells 20,000 door handles and 40,000 trim kits, what is the operating income? 3. How many door handles and how many trim kits must be sold for Polaris to break even? 4. CONCEPTUAL CONNECTION Assume that Polaris has the opportunity to rearrange its plant to produce only trim kits. If this is done, fixed costs will decrease by 35,000, and 70,000 trim kits can be produced and sold. Is this a good idea? Explain.Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000









