Information from Stellar Construction Group's first yearof operations is available below:Sales in units7,600Production in unitsManufacturing costs:Direct labor9,000$2.75 per unit|Direct material$5.00 per unit|Variable overhead$1.90 per unitFixed overhead$90,000SG&A costs:Variable Cost$5.00 per unit|Fixed cost$80,000Sales price per unit$55Create an income statement using absorption costing.Create a contribution margin income statement using variable costing .

Hello student! The main difference between Absorption costing and Variable costing is the…

Answered: Information from Stellar Construction…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

See similar textbooks

Similar questions

Use the following contract matrix to answer the question. PayerInpatient ServicesOutpatient ServicesA62% billed charges56% of billed chargesB$6,500 obstetric delivery case rateFee Schedule$70 per clinic visit$85 per initial OT evaluation$50 per OT visit (non-eval)C$2,100 obstetric delivery per diem$75 per clinic visit$45 per OT visitD$6,350 obstetric delivery case rate$65 per clinic visit$55 per initial OT evaluation$35 per OT visit (non-eval) Patient 62316 is admitted as an inpatient for hip replacement following a fall on ice in the school parking lot where he works as a teacher. During his admission, the patient received OT services post-surgery. The LOS was 6 days. The charges for the encounter are $135,000. Which payer will reimburse the hospital the highest amount? Please show evaulation for each payer. Thank you for your time answering this problem. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer…
XYZ industries applies overhead based on direct labor cost. The following information was available for the last year: Actual manufacturing overhead OMRSO,000; Underapplied manufacturing overhead OMR10,400; Actual Prime cost OMRS2,000; Actual Direct material cost OMR19,000; Estimated direct labor cost OMR27,000, What was the estimated manufacturing overhead for the year? Select one: O a. OMR37,200 O b. None of the answers given O C OMR39,600 O d. OMR34,800 O e. OMR32,400
Cranston Company estimates the following overhead costs for the coming year: Equipment depreciation $160,000Equipment maintenance 60,000Supervisory salaries 40,000Factory rent 100,000Total $360,000 Cranston is also budgeting $600,000 in direct labor costs and 15,000 machine hours for the coming year.(a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (b) Calculate the predetermined overhead rate using machine hours as the allocation base.
What Is Support Operational Requirements?
So and Ralph have joined forces to start SoRap Chip Products, a processor of packaged okra chips.So has years of food processing experience, and Ralph has extensive commercial food preparationexperience. Together with the help from vendors, they can adequately estimate demand, fixed costs,revenues, and variable cost per 5-pound bag of okra. They think a largely manual process will havemonthly fixed cost of 37,500Php and variable cost of 1.75Php per 5-pound bag. A more mechanizedprocess will have fixed costs of 75,000Php per month with variable costs of 1.25Php per 5-poundbag. They expect to sell the okra chips for 2.50Php per 5-pound bag. What is the break-even quantityfor the manual process?
#3 - At Freeze Inc. the manufacturing of each air conditioning has a variable cost of $400 per unit and it takes place in a facility that has a monthly fixed cost of $200,000. a. If Freeze Inc. sells each unit at $1,200 how many units do they need to sell every month to break-even? b. What is the monthly revenue at the break-even point? с. What is the monthly variable cost at the break-even point? d. What is the total operating cost at the break-even point? e. If Freeze Inc. sells 1,000 units at $1,000 each on a given month, calculate the profit. acer
able x corio.com/secured#lockdown G.. O Facebook nabled: Chapter 3 Linear Program... Saved Help Save & Exit Sub A firm is attempting to minimize its shipping costs. The firm has 3 factories and must supply the needs of its 3 customers without shortages. Since the firm has no storage facilities, each factory must make daily shipments to its customers. The table below shows the capacity of each factory, the amount required by each customer, and the cost of shipping from each factory to each customer. Shipping Costs ($/unit) Customer 2 Customer 3 8 Factory/Capacity A/200 units B/180 units c/100 units Customer l 12 14 11 15 11 15 Requirement-240 units Requirement-80 units Requirement-160 units Complete the table below to show the quantity shipped from each factory to each customer. (Leave no cells blank - be certain to enter "O" wherever required.) Shipping Costs ($/unit) Factory Customer 1 Customer 2 Customer 3 A C What is the total cost of meeting customer requirements each day? 19 FS…
Part 1. Assessed PLO: To recognize the contribution of operations management to an organization’s strategic goals Q1. List 6 ways in which poor operational performance can impact the overall success of the company. When there is poor operational performance involved in a companies management Q2. Give examples of factors influencing capacity, using the six categories presented in class. Q3. Give one example of operations management strategic goals in each four categories using the BSC template, including the goals, measures, targets and initiatives
Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)
4.4) Outline the predicted competencies a manger should possess in the 4th Industrial Revolution.
The following information has been extracted from the cost information system of Kevianmanufacturers ltd for the last 12 weeks in the year ended 31st December 2020 Required:a) Using the high-low cost estimation method develop a cost estimation function for Production department Overhead Cost using the Machine hours as the activity level. b) The actual Production Department Overhead Cost in week 12 from above is 963,000. Using the machine hours of 48, direct labour hours of 38 from week 12 explain which of the two cost functions developed above is more accurate. c)Calculate and interpret the coefficient of Determination (R^2) using the cost estimation function derived using the Machine hours as the activity level.
1. Describe the product Package of Primer Inc. by Identifying the tangible and non-tangible (service) components.2. From an operations management position, why is the company able to charge premium prices? Why are customers willing to pay the premium price?3. Describe the operations of Primer Inc. in terms of the four Vs (Volume, Variety, Variability, and visibility), indicating whether each variable is high or low, and its implication for strategy.4. Explain the role of the following functional areas in supporting the organization’s current operations strategya. Procurementb. Financec. Marketingd. Human Resource Management5. How should each of the following Strategic Operations Management decisions be managed to ensure the success of the company.a. Product and service designb. Managing Qualityc. Process strategyd. Location strategye. Layout Strategyf. Human resourcesg. Supply chain managementh. Inventory Managementi. Schedulingj. Maintenance

SEE MORE QUESTIONS

Recommended textbooks for you

Marketing

ISBN:

9780357033791

Author:

Pride, William M

Publisher:

South Western Educational Publishing

Marketing

ISBN:

9780357033791

Author:

Pride, William M

Publisher:

South Western Educational Publishing

SEE MORE TEXTBOOKS