Please provide solution this general accounting question Trish's Quilt Connection is an online company specializing in high-quality quilt frames andaccessories. Trish does not charge customers shipping charges for quilt frame orders. Shehas provided the following information:Month Quilt Frames Sold Shipping CostsJanuary 1,075February 780March 1,150April1,280$8,800$8,000$9,000$10,000Using the high-low method, estimate Trish's total variable and fixed costs are at if she sells1,280 frames for the month of May:a. Total variable cost $5,120; Total fixed cost $4,880=b. Total variable cost = $320; Total fixed cost = $9,680c. Total variable cost $10,000; Total fixed cost = $0d. Total variable coste. Total variable cost==$2,000; Total fixed cost = $8,000$7,500; Total fixed cost $500=

Step 1: Define Mixed CostA mixed cost is a cost item that does not stay the same in total when the…

Answered: Trish's Quilt Connection is an online…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 2PA: Record journal entries for the following transactions of Barrera Suppliers. A. May 12: Sold 32...

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The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Fabric World has collected the following information: Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements = None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). Q. Calculate the EOQ for denim cloth.
The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Fabric World has collected the following information: Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements = None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). Q. Calculate the number of orders that will be placed each year.
The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Fabric World has collected the following information: Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements = None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). Q. Calculate the reorder point for denim cloth
A vendor specializing in outdoor gear offers customers three ways to place orders for home delivery. Customers can place orders either in the store, online, or via telephone using a catalog. Of the orders, one-half are made online with one-quarter each made in stores or via telephone. Of the online orders, 40% are only for clothing, 40% are only for camping supplies, and 20% are for both. For orders placed in the store, all are for clothing (to order a size that is not in stock). Among orders placed via telephone, 60% are only for clothing, 20% are only for camping supplies, and 20% are for both. Answer parts (a) and (b).
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sorry! my dear I can't do this question. cuold you activate the answer for it? please? I can't pay a money. The Q. is As follw as: he Discount Drug Company has three major product lines: drugs, cosmetics, and housewares. The company provides the following sales and cost information for the month of May for the store in total and for each separate product line (000 omitted): Drugs Cosmetics Housewares Total Sales $240 $300 $360 $900 Less: Variable expenses 160 180 200 540 CM $80 $120 $160 $360 Less: Fixed costs Salaries $34 $40 $46 $120 Advertising 30 50 40 120 Other fixed costs 40 20 40 100 Total $104 $110 $126 $340 Net income $(24) $10 $34 $20 The salaries represent wages paid to employees engaged directly in each product line area. The advertising represents direct advertising of each product line, and is avoidable if the line is dropped. Other fixed costs,…
The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes sold plus a small base salary. The following data pertains to Shop 48 and is typical of the company's many outlets: Per Pair of Shoes Selling price 2$ 25.00 Variable expenses: Invoice cost 2$ 11.50 Sales commission 3.50 Total variable expenses 2$ 15.00 Annual Fixed expenses: Advertising $ 44,000 Rent 34,000 170,000 Total fixed expenses $ 248,000 5. Refer to the original data. As an alternative to (4) above, the company is considering paying the Shop 48 store manager 50 cents commission on each pair of shoes sold in excess of the break-even point. If this change is made, what will be Shop 48's net operating income (loss) if 27,100 pairs of shoes are sold? (Do not round intermediate calculations.) Net operating income Net operating loss
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The following information applies to the questions displayed below.] The Fashion Shoe Company operates a chain of women’s shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes sold plus a small base salary. The following data pertains to Shop 48 and is typical of the company’s many outlets: Per Pair of Shoes Selling price $ 25.00 Variable expenses: Invoice cost $ 11.50 Sales commission 3.50 Total variable expenses $ 15.00 Annual Fixed expenses: Advertising $ 32,000 Rent 17,000 Salaries 110,000 Total fixed expenses $ 159,000 6. Refer to the original data. The company is considering eliminating sales commissions entirely in its shops and increasing fixed salaries by $35,400 annually. If this change is made, what will be Shop 48's new break-even point in unit sales and dollar sales? (Do not round intermediate calculations.)

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