The entity includes one coupon in each bag of dog food it sells for $50 per bag. In return for eight coupons, customers receive a leash. The leashes cost $10.00 each. The leashes can also be sold separately by the company at a sales price of $25 each. The entity estimates that 40 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows: 2020 Bags of dog food sold - 250,000 Leashes purchased - 9,000 Coupons redeemed - 60,000 2021 Bags of dog food sold - 300,000 Leashes purchased - 11,000 Coupons redeemed - 75,000 Prepare a working paper showing computations for unearned revenue from

The entity includes one coupon in each bag of dog food it sells for $50 per bag. In return for eight coupons, customers receive a leash. The leashes cost $10.00 each. The leashes can also be sold separately by the company at a sales price of $25 each. The entity estimates that 40 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows: 2020 Bags of dog food sold - 250,000 Leashes purchased - 9,000 Coupons redeemed - 60,000 2021 Bags of dog food sold - 300,000 Leashes purchased - 11,000 Coupons redeemed - 75,000 Prepare a working paper showing computations for unearned revenue from

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Dolomite Division of Manila Bay Corp. produces a high-quality crushed synthetic Dolomite. Unit production costs (based on capacity production of 100,000 units per year) follow: Direct material $50 Direct labor 20 Overhead (20% variable) 10 Other information: Sales price 100 SG&A costs (40% variable) 15 Refer to Dolomite Division of Manila Bay Corp. Assume, for this question only, that the Dolomite Division is producing and selling at capacity. What is the minimum selling price that the division would consider on a "special order" of 1,000 Dolomites on which no variable period costs would be incurred? Solution: Direct Material 50 Direct Labor 20 Overhead 10 SG&A 9 Opportunity Cost 5 Total 94 Please explain how to get the opportunity cost of $5.
5
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But why? for number 3
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mn.3 answer must be in proper fomat or i will give down vote