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.
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- Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of cost, find the cost.Pursuit Company produces two products: Bric and Brac. The following table summarizes the products' details and planned unit sales for the upcoming period: Bric : Sellingpriceperunit.............$25. Variablecostperunit $14. Planned unit sales volume . . . . . . 800,000 Brac: Sellingpriceperunit............. $30 Variablecostperunit $17. Planned unit sales volume. 400,000 Pursuit Company has total fixed costs of $ 10 million and faces a tax rate of 30% . (a)What is Pursuit Company's expected profit at the planned level of sales? (b)Assuming a constant sales mix, what are the unit sales of Bric and Brac required for Pursuit Company to break even? (c) Assuming a constant sales mix, what are the unit sales of Bric and Brac required for Pursuit Company to earn an after - tax income of $ 910,000?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.
- 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 .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:The fixed costs at Harley Motors are $1 million annually. The main product has revenue of $9.90 per unit and $4.50 variable cost. Determine the following:a. Breakeven quantity per yearb. Annual profit if 150,000 units are soldc. Annual profit if 480,000 units are sold
- ABC company uses 8,000 pens every year. For each pen, cach order cost is $30 and the annual holding cost is 10 per cent of unit cost. The unit cost depends on the quantity ordered as follows: Quantity 1-199 Unit Cost (S) 20 200-499 18 500-799 16 800+ 12 > Assume that demand has a constant rate and do not stockout; a) What is the optimal order size? b) Determine the yearly order quantityLin Corporation has a single product whose selling price is $120 and whose variable expense is $80 perunit. The company’s monthly fixed expense is $50,000.Required:1. Using the equation method, solve for the unit sales that are required to earn a target profit of$10,000.2. Using the formula method, solve for the unit sales that are required to earn a target profit of$15,000.KLM Company produces a single product. The selling price is OMR 40 a unit and the variable costs is OMR 25 a unit. The annual fixed costs of the business are OMR 4000. The business aims to make OMR 16625 profit during the forthcoming year. How much sales (OMR) required to achieve this target profit? Select one: a. OMR 60000 b. OMR 44000 c. OMR 48700 d. OMR 55000
- The selling price of lumber at Home Depot is $3,260, percent markup on cost is 25%. Calculate the actual cost. (Round your answer to the nearest cent.) Actual cost %24 < Prev 2 of 16 E NextHamby company expects to incur overhead costs of $16,000 per month and direct production costs of $142 per month...Sooner Industries charges a price of $88 and has fixed cost of $301,000. Next year, Sooner expects to sell 15,600 units and make operating income of $172,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.