Highlight T StrikethroughCalculatorScratch PadPillar Co makes decorative candles which are made from a special organic blend ofbeeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles inits domestic market.The company has collected the data relating to sales of its 90 gram Honey Beecandle, which is very popular in Pillar Co's home country of Zedland. This pricinganalysis is as follows:Price per unit($)Quantity sold('000 units)5100Variable cost per unit Fixed cost per unit($)($)2.004.002.004.174.3596922.00882.004.55842.004.7610802.005.00Pillar Co is reviewing its pricing strategies and has decided to use the informationrelating to the Honey Bee candle to assess some of the company's possible pricingdecisions.6789Close All P Elag for ReviewThe elasticity of demand between prices of $10 per unit and $15 per unit for the Honey Bee candle is1.4.How many Honey Bee candles will be sold at a price of $15 per unit?136,00056,00024,00051,000

Answered: Image /qna-images/answer/e481bf92-ae98-4a6b-9167-6c4cf63d2e37.jpg

Highlight T Strikethrough Calculator Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles in its domestic market. The company has collected the data relating to sales of its 90 gram Honey Bee candle, which is very popular in Pillar Co's home country of Zedland. This pricing analysis is as follows: Price per unit Quantity sold (000 units) (S) 5 Variable cost per unit Fixed cost per unit (5) ($) 4.00 4.17 100 2.00 2.00 6 96 92 2.00 4.35 88 2.00 4.55 84 2.00 4.76 10 80 2.00 5.00 Pillar Co is reviewing its pricing strategies and has decided to use the information. relating to the Honey Bee candle to assess some of the company's possible pricing decisions. 7 8 9 Close All Pag for Review The elasticity of demand between prices of $10 per unit and $15 per unit for the Honey Bee candle is 1.4. How many Honey Bee candles will be sold at a price of $15 per unit? 136,000 56,000 24,000 51,000

Highlight T Strikethrough Calculator Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles in its domestic market. The company has collected the data relating to sales of its 90 gram Honey Bee candle, which is very popular in Pillar Co's home country of Zedland. This pricing analysis is as follows: Price per unit Quantity sold (000 units) (S) 5 Variable cost per unit Fixed cost per unit (5) ($) 4.00 4.17 100 2.00 2.00 6 96 92 2.00 4.35 88 2.00 4.55 84 2.00 4.76 10 80 2.00 5.00 Pillar Co is reviewing its pricing strategies and has decided to use the information. relating to the Honey Bee candle to assess some of the company's possible pricing decisions. 7 8 9 Close All Pag for Review The elasticity of demand between prices of $10 per unit and $15 per unit for the Honey Bee candle is 1.4. How many Honey Bee candles will be sold at a price of $15 per unit? 136,000 56,000 24,000 51,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees. SellingPrice Cost Broad leaf trees: Ash $ 1,860 $ 1,760 Beech 2,290 1,660 Needle leaf trees: Cedar $ 2,620 $ 1,810 Fir 3,450 3,410 Fruit trees: Apple $ 1,860 $ 1,460 Cherry 2,390 1,860 The costs to sell are 10% of selling price. Required:Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to individual trees. Product Cost NRV Lower of Cost or NRV Ash Beech Cedar Fir Apple Cherry Inventory value
Alpesh
None
None
Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable number of customers. Data from the most recent period concerning these products appear below: Annual sales volume Unit selling price Variable expense per unit Contribution margin per unit Velcro 101,800 $ 1.65 $ 1.25 $ 0.40 Metal 203,600 $ 1.50 $ 0.70 $ 0.80 Nylon 407, 200 $ 0.85 $ 0.25 $ 0.60 Total fixed expenses are $407,200 per period. Of the total fixed expenses, $20,000 could be avoided if the Velcro product is dropped, $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixed expenses of $247,200 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business. The company's managers would like to…
Do not give answer in image
Diapers.com is an online specialty retailer for baby products (including diapers) that specialized in delivering consumables, such as diapers, wipes, and formula. Diapers.com was selling a pack of Pampers for $18 on its website, while same pack was acquired from P&G for $9. The % margin (percent of Diapers' selling price) is equal to A. $9 B. 100% C. 50% D. $18
Sensational Soft Drinks makes three products: iced tea, soda, and lemonade. The following data are available: Line Item Description Iced Tea Soda Lemonade Sales price per unit $0.90 $0.60 $0.50 Variable cost per unit (0.30) (0.15) (0.10) Contribution margin per unit $0.60 $0.45 $0.40 Sensational is experiencing a bottleneck in one of its processes that affects each product as follows: Line Item Description Iced Tea Soda Lemonade Bottleneck process hours per unit 3 3 4 a. Using a theory of constraints (TOC) approach, rank the products in terms of profitability. Rank Product 1. 2. 3. b. What price for lemonade would equate its profitability (contribution margin per bottleneck hour) to that of soda? Round your answer to two decimal places.fill in the blank 1 of 1$
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $210 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: Quantity Ordered From To Price per Roll 1 75 $210 76 125 $185 126 225 $170 226 and up $145 The file RSR contains 172 orders that have arrived for the coming six weeks. (e) Use the VLOOKUP function with the preceding pricing table to determine the total revenue (in dollars) from these orders. $ (b) Use the COUNTIF function to determine the number of orders in each price bin. Quantity Ordered From To Price per Roll Number of Orders 3 75 $210 76 125 $185 126 225 $170 226 and up $145
Calculator Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles in its domestic market. The company has collected the data relating to sales of its 90 gram Honey Bee candle, which is very popular in Pillar Co's home country of Zedland. This pricing analysis is as follows: Variable cost per unit Price per unit ($) 5 Quantity sold ('000 units) 100 ($) 2.00 2.00 Fixed cost per unit ($) 4.00 4.17 6 96 92 2.00 4.35 88 2.00 4.55 2.00 4.76 84 80 10 2.00 5.00 Pillar Co is reviewing its pricing strategies and has decided to use the information relating to the Honey Bee candle to assess some of the company's possible pricing decisions. 7 8 9 Time Remaining 02:28:50 Close All P Elag for Review 25 of 34 Pillar Co has developed a new product called the Bluebell candle, which has a variable cost of $3.00 per unit. If the company spends $20,000 on an advertising campaign its…