Calculate daily revenue Red River Farms produces three crop grades: Premiumsells at twice standard gradeValue grade at half standard grade. If standard is $8/kgand daily harvest was:Premium: 120kg, Standard: 250kg, Value: 180kgCalculate daily revenue.

If you have any problem let me know in the comment section thank you.

Answered: Red River Farms produces three crop…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Ndapandula Investment CC sells about 12 000 bags of poulty grain per year. The Holding costs are N$ 50.00 per bag per year, and the Ordering costs are about N$ 100.00 per order. The Investment company operates 280 days per year. Determine: I. The optimal economic order quantity. II. The total annual inventory costs III. If the demand increases to 13 000 bags per year, what will the total annual inventory costs amount to?
pioneer limited purchases a product which has a steady monthly demand of 20000 units. The product costs R100 per unit. The ordering cost is R5 per order. The holding cost is 10% of the unit purchase price. Which one of the following represents the annual economic order quantity A. 142 B. 980 C. 283 D. 490
Pioneer Limited purchases a product which has a steady monthly demand of 20 000 units. The product costs R100 per unit. The ordering cost is R5 per order. The holding cost is 10% of the unit purchase price. Which one of the following represents the annual economic order quantity (rounded off to the next whole number)? Select one: O A. 142 О В. 980 О С. 283 O D. 490
On average, PT. ABH would order from PT. GDAM 1.000.000 kg Crude Palm Oil (CPO) every month to be used as the raw materials for its production. This amount of CPO is refined and processed to produce cooking oils. The inventory is depleted each month and needs to be reordered. If the carrying cost is IDR 32.000 and the fixed order cost is IDR 4.000.000 (Assume a 360-day year)a. Does PT. ABH already follows an economically advisable strategy?b. If it is further noted that PT.ABH procurement team takes 10 days to place and receive an order and the firm’s production policy requires it to hold 50.000 kg as safety stock to prevent against stockouts. Determine the reorder point that must be set
Farmers Choice’ produces animal feed. The fixed monthly cost of production is $700000 and the variable cost per bag of feed is $1200. Each bag of feed sells for $2500. (a) For a monthly volume of 700 bags, determine the total cost, total revenue and profit (b) Determine the monthly break-even volume for ‘Farmers Choice’ animal feeds. (c) If ‘Farmer’s Choice’ increases its price per bag of animal feed from 2500 to 2700 what is the new break-even volume.
Lakeland Company produces and purchases 20,000 units each year at a cost of $80 per unit. Lakeland requires a 15% annual rate of return on investment. In addition, the relevant carrying cost (for insurance, materials handling, breakage, and so on) is $4 per unit per year. The relevant ordering cost per purchase order is $400 Required 1- Calculate Lakeland’s EOQ. 2- Calculate the number of orders that will be placed each year. 3- Calculate Lakeland’s annual relevant ordering costs for the EOQ calculated in requirement 1 4- Calculate Lakeland’s annual relevant carrying costs for the EOQ calculated in requirement 1 5- Assume the purchase-order lead time is half a month. Calculate Lakeland’s reorder point
Big Chill, Inc. sells portable dehumidifier units at $193. Unit variable costs are $110. Fixed costs are $4,175,000. Management has set a profit objective of 15.1% return on sales. Calculate the sales volume in dollars that will provide a 15.1% return on sales. Round your answer to the nearest dollar .
To make a product it costs $24 per liter. The importation cost is a fixed cost of $ 150 additional of the unit costs. The time that takes from placing the order to receiving it is 5 weeks. During this time the average consumed is 80 liters with a std dev. of 4 liters. If the products ends the costs is $45 per liter. They work 52 weeks a year. The anual interest is 20% What is the order size and reorder point if we want to accomplish 90% of demand in the cycles? What is the order size and reorder point if we want to minimize average costs? what would be service level type 2?
What is the economic-order quantity (rounded to nearest whole lens)?
The following information pertains to Oliwander's annual operations: Selling price per unit $50 Variable costs per unit $10 Total fixed costs $55,000 The sales DOLLARS required to obtain a target pretax profit of $17,000 are:
Nestle Ltd. produces its premium plant food in 50 Kg bags. Demand is 100,000 Kgs. per week and the plant operates 52 weeks each year. Nestle can produce 250,000 Kgs. per week. The setup cost is OMR 200 and the annual holding cost rate is OMR 0.3 per bag. What will the optimal maximum inventory level on-hand end of each production run? Round-up to the nearest integer a. 9122 O b. 6737 C. None is correct O d. 6606 O e. 7532
pioneer limited purchased a product which has a steady monthly demand of 20 000 units. the product cost R100 per unit. the ordering cost is R5 per order. The holding cost is 10% of the unit purchase price. What is the annual order quantity?

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Red River Farms produces three crop grades: Premium sells at twice standard grade Value grade at half standard grade. If standard is $8/kg and daily harvest was: Premium: 120kg, Standard: 250kg, Value: 180kg Calculate daily revenue.