How much is the total cost of producing 150 grams of honey if the company uses the least squares method?ANSWER IN GOOD CCOUNTING FORM. THANK YOU :) The cost accountant of Sweet Company recorded these cost of producing honeybee:DaysGrams ProducedTotal Cost IncurredMon100751,000600TuesWed25400Thur1501,5001,600600Fri175Sat50Sun1251,300

Grams produced(X) Cost(Y) x2 x*y 100 1000 10000 100000 75 600 5625 45000 25 400 625 10000…

Answered: How much is the total cost of producing…

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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K Moore Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: (Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot and the contribution margin per square foot to two decimal places.) Units displayed per square foot: Designer Moderately priced Contribution margin per unit Contribution margin per square foot of display space Capacity-Square feet of display space Total contribution margin at capacity Product Data table Designer Moderately Priced Per Item Designer Moderately Priced Average sale price 185 $ 87 Average variable costs 105 22 Average contribution margin 80 65 Average fixed costs (allocated) Average operating income 20 10 $ 60 $ 55 The Moore Company store in Grand Junction, Colorado, has 14,000 square feet of floor space. If Moore Company emphasizes moderately…
The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin? Select one: a. $3.18 b. $4 c. 0.31 d. $2.68 The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 d. $5.67 The price the product costs after processing is the Şelect one: a. Contribution Margin
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The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin? Select one: a. $3.18 b. $4 C. 0.31 d. $2.68
Required information [The following information applies to the questions displayed below.] These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook link to open the Case Overview, Case Background, and Part 3: Managerial Decision Making. Assume that Bene Petit sells only family-sized meals and that the average price is $5.00 per serving. Variable manufacturing costs are $1.75 per serving for customer meals and $0.75 per serving for donated meals. Variable delivery expenses are $2.00 per customer delivery (with an average order size of four meals or 16 servings in each delivery). Variable delivery expenses for donated meals are $200 per delivery, with an average of 1,000 donated meals or 4,000 servings in each delivery. Other variable selling expenses are $0.30 per customer meal sold. Total fixed costs are $144,000. How much total sales revenue would be needed to earn a profit of $126,000 per year?
Need help with this problem (number 14). Need help with the blank data. Thanks!
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
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Please don't forget to check your worksheet by changing the units sold in the Data to 6,000 for Year 2 before submitting the response to my question. The cost of goods sold under absorption costing for Year 2 should now be $240,000. If it isn’t, check cell C41. The formula in this cell should be =IF(C26<C27,C26*C36+(C27-C26)*B36,C27*C36).] If your worksheet is operating properly, the net operating income under both absorption costing and variable costing should be $(34,000) for Year 2. That is, the loss in Year 2 is $34,000 under both methods. If you do not get these answers, find the errors in your worksheet and correct them. Assume that the units produced in year 2 were sold first. ALSO PLEASE INCLUDE THE EXCEL FORMULAS!! Thanks!! If someone can help I will give a thumbs up. Thanks for the help! :)
Allocate the joint cost to the Detergent and the Softener using the following: a. Sales value at split-off method? b. NRV method?
12. 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 $ 1,980 $ 1,880 Beech 2,470 1,780 Needle leaf trees: Cedar $ 2,860 $ 1,930 Fir 4,050 3,530 Fruit trees: Apple $ 1,980 $ 1,580 Cherry 2,570 1,980

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