Problem: 6-17 Forest Creek Dairy produces three milk grades. If Grade A costs 30% more than Grade B, and Grade B costs 25% more than Grade C, which is $2.40 per liter, what is the cost of Grade A per liter?
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What is the cost of Grade A per liter?
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- Question: 4 points general accountingPrblm 6-17Muy Bueno Bakery sells its special chocolate cake for $37. The total cost to produce the cake is $25. Of this amount, $5 per unit is selling costs. The total variable cost is $15. The desired profit is $12 per unit. Determine the markup percentage on product cost. a.52% b.60% c.32% d.85%
- 4. If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest and store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60, how much material should be ordered at one time?What is the break even point? General Accounting question6. Stuffed Animals, Inc. has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, Stuffed Animals, Inc. hopes to make a 25% profit on sales. Fixed costs are set at $ 51,000, and variable costs are $ 9.50 per unit. If teddy bears are sold at $ 15 each, how many bears must be sold to meet the profit goal?
- 5. What is the Contribution Margin Ratio (CMR) if the price is $8.82 per gallon? IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. Fixed costs (per year) Variable Costs per gallon Rent: $18000 Glycol: $1.50 Utilities: 13200 FreezeFree 312: .50 Managerial salaries: 20000 Mfg labor: .20 Flammability permit: 12000 Packaging: .20 Other fixed expense: 2400 Inert ingredients: .60 Total fixed: $65600 Advertising: .30 Total: $3.3052. Compute for the selling price for the product Banana Loaf whose total cost is $625.00 which can produce 10 banana loaves given the markup of 60%. (5 Points) 3. Assuming the ingredients and cost below, you are able to make 80 small munchkins and you decide to markup 50% to your product. Calculate for the selling price of the product Munchkins. (10 Points) Ingredients Total Cost 1 Can of Condense Milk P 35.00 2 Packs of Graham Crackers P108.00 1/4 Pack Desiccated ℗ 15.00 Coconut 1 Pack Japanese Paper P5.00
- Homeward Hardware buys cat litter for $6 less 20% per baq. The store's overhead is 45% of cost and the owner requires profit of 20% of cost. 1. For how much should the bags be sold? 2. What is the amount of markup included in the selling price? 3. What is the rate of markup based on selling price? 4. What is the rate of markup based on cost? 5. What is the break-even price? 6. What operating profit or loss is made if a bag is sold for $6?6. Atlantic Manufacturing produces and sells children’s bikes at an average price of $80. Its costs are as follows: direct materials = $14; direct labour = $8; variable overhead = $3; sales commission is 10% of price. Its fixed monthly costs are $42,000. Required: 1. Using the above cost data, set up a monthly cost equation. 2. What is the company’s contribution margin percentage? (Round your answer to 2 decimal places.)19 Cameron Cookiest produces gourmet cookies, which sell for $16 a basket. Variable costs per basket are $6 and fixed costs are $5,000 per month. If the company expects to sell 1,500 baskets of cookies, what is the margin of safety in dollars?
