Quantity 1-500 motors 501-1,000 motors 1,001-2,000 motors Net Price $16 16 16 Rebate Shipping none $1.30 1.90 $1.40 1.00 0.70 lculate the cost of the motors, including shipping charges, for each category (in $). -500 motors $ 17.40
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- Problem 1 Purchase price of raw materials P100,000 Rebates on raw material purchases Import taxes Local taxes paid in relation to the purchase 1,500 Freight-in 12% VAT on the purchase price Interest expense related to the purchase 3,200 Utilities used on factories to 0, Wages of factory personnel Salaries of accountants 000 Depreciation of factory equipment Depreciation of the head office 00 00 2,800 Normal losses during production Abnormal losses during production General and administrative expenses Storage costs of work-in-process inventories Storage costs of finished goods inventories 00 00 Shipping costs on sale of finished goods How much is the total cost of inventories?2 S Required information The Foundational 15 (Algo) [LO7-1, LO7-2, LO7-3, LO7-4, LO7-5] [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $77 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 59,000 units and sold 54,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $ 27 $ 10 $2 $3 Foundational 7-10 (Algo) $ 1,298,000 $ 662,000 The company sold 41,000 units in the East region and 13,000 units in the West region. It determined that $330,000 of its fixed selling and administrative expense is traceable to the West region, $280,000 is traceable to the East region, and the remaining $52,000 is a common fixed expense. The…QUESTION 8 Maple Ltd sells a single product for £150. The Variable cost for the product is £63. The fixed cost for the year is estimated at £90,000. The breakeven point for the product is? a. 1023 units b.1429 units c. 1452 units d. 1034 units
- PROBLEM 2-18 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behavior [LO2, LO3, LO4, LO5, LO6] Various cost and sales data for Meriwell Company for the just completed year appear in the work- sheet below: E Hicrosoft Excel Ele Edt Vew rcert Fgrmat Iools Rata Wndow elp 12 - BIU2 E17 B $20,000 $40,000 $110,000 $105,000 $125,000 $9,000 $6,000 $70,000 S17,000 $30,000 $500,000 S80,000 A 1 Finished goods inventory, beginning 2 Finished goods inventory, ending 3 Administrative expenses 4 Manufacturing overhead 5 Purchases of raw materials 6 Raw materials inventory, beginning 7 Raw materials inventory, ending 8 Direct labor 9 Work in process inventory, beginning 10 Work in process inventory, ending 11 Sales 12 Selling expenses 13 N MSheeti/Sheet2 / Sheets / Of the $105,000 of manufacturing overhead, $15,000 is variable and $90,000 is fixed. Required: 1. Prepare a schedule of cost of goods manufactured. 2. Prepare an income statement. 3. Assume that the company produced the…K16 1 2 3 # 5 3 Projected Sales Volume 3 Desired Ending Inventory 9 0 Units Needed 1 Beginning Inventory 2 3 Projected Production 4 5 6 7 L8SOT 9 0 A 1 fx B с Paulson Paint, Inc Production Budget For the Year Ended December 31, 2019 Magnificent Paint 435,000 36,000 33,500 D E Marvelous Paint 338,154 29,000 25,890 F Total G HRequired A Required B Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Unit sold 8,200 20,800 5,500 Sales $ 237,800 $ 360,000 $ 192,500 Variable expenses 114,800 291,200 Fixed expenses 89,000 173,000 73,000 Net operating income (loss) 37,000 $ 147,800 $ 37,000 Contribution margin per unit $ 14 $ 11
- dConsignment Sales Problem 3 Bulldog Manufacturing Corp. consigned ten refrigerators to Poodles Sales Co. These refrigerators had a cost of P180 each. Freight on the shipment was paid by Bulldog in the amount of P120. Poodle Sales Co. submitted an account sales stating that it had sold six refrigerators and remitted the P1,365 balance due Bulldog after the following deductions from the selling price of the refrigerators: Commission 15% of selling price Marketing expenses P90 Delivery and installation of items sold P60 Cartage cost paid upon receipt of consignment P15 Q3 - The consignee sold the 6 refrigerators for a total of ____. Q4 - The commission earned on the sale of the 6 refrigerators by Central Sales Co. was ____. Q5 - The consignor's net profit from the sale of the consigned goods was ____. Problem 4 Norwin Co. shipped inventory on consignment to…None
- Problem 1Purchase price of raw materials P100,000Rebates on raw material purchases 2,000Import taxes 17,000Local taxes paid in relation to the purchase 1,500Freight-in 5,00012% VAT on the purchase price 12,000Interest expense related to the purchase 3,200Utilities used on factories…Question Content Area A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is a. $240,000 b. $600,000 c. $750,000 d. $270,000Subject: acounting