Ray Industries received an offer from an exporter for 15,000 unitsof product at $17.50 per unit. The acceptance of the offer will notaffect normal production or domestic sales prices. The followingdata is available:Domestic unit sales priceUnit manufacturing costs:VariableFixed$20111What is the amount of income or loss from acceptance of theoffer?

Explanation of Export Offer: An export offer represents a proposal from a foreign buyer to purchase…

Answered: Ray Industries received an offer from…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 1PB: When prices are falling (deflation), which costing method would produce the highest gross margin for...

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Use this information for Stryker Industries to answer the question that follow. Stryker Industries received an offer from an exporter for 30,000 units of product at $19 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $23 Unit manufacturing costs: Variable 10 Fixed 5 What is the amount of income or loss from the acceptance of the offer? Oa. $300,000 loss Ob. $690,000 loss Oc. $570,000 income Od. $270,000 income Previous Next 7:36 PM CP 12/13/2020
Use this information for Stryker Industries to answer the question that follow. Stryker Industries received an offer from an exporter for 22,000 units of product at $17 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $25 Unit manufacturing costs: Variable 11 Fixed 6 What is the amount of income or loss from the acceptance of the offer? a. $374,000 income b. $550,000 loss c. $242,000 loss d. $132,000 income
The following data are available
Can you please check my work
Carla Vista Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $21, and the replacement cost is $20. The estimated cost to dispose of a unit is $4, and the normal profit is 30% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?
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Brad Co. has introduced a new product in 2021. The following information relates to this new product: Selling Price Variable Manufacturing Costs Variable Selling Costs Fixed Manufacturing Costs Fixed Selling Costs $175 $50 $20 $114,800 $71,694 $136,667 $242,500 $82,000 $63,500 The owner has asked you to calculate what the breakeven value of sales would be in dollars?
Sunland Company sells product 2005WSC for $70 per unit and uses the LIFO method. The cost of one unit of 2005WSC is $67, and the replacement cost is $66. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of the selling price. At what amount per unit should product 2005 WSC be reported, applying lower - of - cost - or - market? Select answer from the options below $66. $36. $64. $67.
Product R is normally sold for $52 per unit. A special price of $42 is offered for theexport market. The variable production cost is $30 per unit. An additional export tariffof 30% of revenue must be paid for all export products. Assume there is sufficientcapacity for the special order. Prepare and show in solution a differential analysis datedOctober 23 on whether to reject (Alternative 1) or accept (Alternative 2) the specialorder.
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What is the right answer in the options?
When prices are falling (deflation), which costing method would produce the highest gross margin for the following? Choose first-in, first-out (FIFO); last-in, first-out (LIFO); or weighted average, assuming that B62 Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming B62 sold just one unit of these goods for $400. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)

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