Hi expert provide this accounting questions solution The New Age Pet Store sells Diva Doggie pet waste disposal systems for $55each. The systems include the unit and a one-year supply of enzyme digesterwaste terminator. The cost of the unit and enzyme is $39.60. The only othercosts are fixed costs of $3,542. During the current period, New Age sold 620of the units through the store's new on-line catalog division.What is the contribution margin per unit?Bethlehem Corporation had $1,042,000 in sales which resulted in operatingincome of $52,100. On January 1, Bethlehem reported $884,300 in assets.Because of a downturn in the economy, Bethlehem sold several assets duringthe year. Its December 31 balance sheet reported only $592,400 in assets.Calculate Bethlehem's asset turnover.

Step 1: Define Asset turnover ratioAsset turnover ratio is a financial ratio which shows how…

Answered: The New Age Pet Store sells Diva Doggie…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 3PB: Cinnamon Depot bakes and sells cinnamon rolls for $1.75 each. The cost of producing 500,000 rolls in...

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Native Wood Products Ltd sells hand-made coffee tables. The shop owner has divided sales into two categories according to the type of wood used in the tables, as follows: Product type Kahikatea Rimu Sales price $2,000 $1,200 Costs $1,200 $520 Sales commission $100 $60 Seventy percent (70%) of the shop's sales are rimu tables. The shop's annual fixed costs are $161,000. Calculate the weighted average contribution margin, assuming the sales mix stays the same.
Wesley Utility Company uses 2,500 units per year which it stores at $0.50 per unit per annum. The cost to place an order is $100. a) Calculate: i. The economic order quantity (EOQ) b) If the company decides to make the items on its own machine with a potential capacity of 5,000 units per year, calculate: i. The economic order quantity (EOQ) ii. The annual ordering cost iii. The annual carrying cost
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Acme Inc. manufactures and sells widgets. Acme Inc. sells widgets for $15 each. Acme Inc. uses 3 gizmos for each widget. Gizmos cost $2 each. In December, Acme sold 300 widgets. Acme also pays rent of $500 per month. please show work. A.) What is Acme Inc.'s contribution margin per unit? B.) What is Acme Inc.'s contirbution margin ratio? C.) Assuming the about information is all revenue and expenses for scme, what is December's net income? D.) Determine the fixed cost give the following information: Lowest level of activity- 200 units at a total cost of $600 Highest level of activity- 800 units at a total cost of $1,800 Fixed cost =
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Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 50,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $52 $15 Unit variable cost $12 $9 Direct fixed cost $25,200 $48,000 Common fixed selling and administrative expenses total $78,000.See screenshots
The Glass menagerie makes small pressed resin ducks and ducklings. For every duck sold, the company sells five ducklings. The following information is available about the company’s selling prices and cost: Ducks Duckling Selling price Rs. 24 Rs. 12 Variable cost 12 8 Annual fixed cost Rs. 288,000 Required: a. What is average contribution margin ratio? b. Calculate the monthly break-even point if fixed cost is incurred evenly throughout the year. At the BEP, indicate how many units of each product will be sold monthly. c. If the company wants to earn Rs. 96,000 pre-tax profit monthly, how many units of each products must it sell? d. Company management has specified Rs. 31,680 as monthly net income, and the company is in a 40 percent tax bracket. However, marketing information has indicated that the sales mix has changed to one duck to nine ducklings. How much total revenge and what number of products must be sold to achieve the company’s profit objective? e. Refer to the original…
Preston Products produces a disinfecting liquid. The liquid is sold in one gallon containers and has the following price and cost characteristics. Sales price $ 62.00 per gallonVariable costs 38.00 per gallonFixed costs 535,200 per monthPreston Products is subject to an income tax rate of 20 percent. Required:How many gallons must Preston Products sell every month to break even? How many gallons must Preston Products sell to earn a monthly operating profit of $87,000 after taxes? Note: Round your answer to the nearest whole number. Break-even sales in gallons: Number of gallons to be sold:
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Crane Company manufactures dog food for distribution in Washington, Oregon, and California. A dog food distributor from Florida has approached Crane and offered to purchase 264000 pounds of dog food for $1.40 per pound. Crane can produce 2048000 pounds of dog food per year, and its results for last year are as follows: Sales (1844000 at $1.65) Variable costs Contribution margin Fixed costs Operating income $3042600 O $1392800 O $1336400 O $2084400 O $1270400 1106400 1936200 814000 $1122200 If Crane accepts the offer, it will only be able to sell 1784000 pounds of dog food at the regular price due to its capacity constraints. What will Crane's total operating income be next year if it accepts the offer?
1. SportsHaven’s garden department produces bags of mulch. Fixed cost is $17,300. Each bag sells for $3.21 with a unit cost of $1.48. How many bags of mulch must be sold to breakeven?
Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,900 units, and monthly production costs for the production of 1,600 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Suppose it sells each birdbath for $24. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,800 units.

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