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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Company A sells premium water bottles. The fixed costs is 29,709. The variable cost associated with producing one water bottle is $13 per unit. The water bottle is sold at price of $39. If the company set a goal of making $11,083 profit next month, how many bottles does the company need to sell?
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Muskoka Tools Depot is selling snow blowers for $720.00 each. The same model blowers are being offered by Dixie Appliances for $504.00 each. What rate of discount should Muskoka Tools Depot offer to match the lower price? The variable costs to manufacture a digital appliance are $260 per appliance and the selling price is $850 per appliance. The fixed costs are $46,520 per month. a. Calculate the contribution margin per appliance. Round to the nearest cent b. Calculate the number of appliances that need to be sold per month to break even.
Carondelet Coffee has begun making and selling pastries. The fixed costs of making the pastry are $4,000, and the company estimates that the variable costs are $.75 per pastry. How many pastries does Carondelet have to sell to earn net income of $5,000 if it sells each pastry for $3 apiece?
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
Orchard Supply sells lawn fertilizer at a price of $12.50 per bag. If the markup is 25% of cost, find the cost.
Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold “as is” for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50. A) What is the gross profit/loss per pound if the raw beef is sold "as is" to the dog food processing plant? If it is negative, use a dash - not parentheses ( ). B) What is the gross profit/loss per pound if the raw beef is roasted and sold in the deli? If it is negative, use a dash - not parentheses ( ). C) Should the beef be sold "as is" or roasted and sold in the deli?
Farmer Co. manufactures and sells widgets to the students at Texas A&M University. The widgets have a selling price of $10 per widget. It costs Farmer Co. $6.00 in variable costs to manufacture each widget. Altogether the company incurs $100,000 in fixed costs. This year the company had sales of $275,000. How many additional units did Farmer Co. sell above its breakeven point?(A) 25,000(B) 1,500 (C) 2,500(D) 3,000
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?
Adams Furniture receives a special order for 10 sofas for a special price of $3,000. The direct materials and direct labor for each sofa are $100. In addition, supervision and other fixed overhead costsaverage $150 per sofa. Should Adams accept the special order? Why or why not? Would it make adifference to your answer if Adams is at full capacity and its current line of sofas sells for $500 each?
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?

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