Vignette #1 The Deluxe Motorcar in northern California manufactures motor cars of all categories. Its budgeted sales for the most popular sedan model XE8 in 2018 is 4,000 units. Deluxe Motorcar has a beginning finished inventory of 600 units. Its ending inventory is 450 units. The present selling price of model XE8 to the distributors and dealers is $35,200. The company does not want to increase its selling price in 2018. Deluxe Motorcar does not produce tires. It buys the tires from an outside supplier. One complete car requires five tires including the tire for the extra wheel. The company's target ending inventory is 400 tires, and its beginning inventory is 350 tires. The budgeted purchase price is $45 per tire. 1. The budgeted revenues (in USD million dollars) is closest to

Vignette #1 The Deluxe Motorcar in northern California manufactures motor cars of all categories. Its budgeted sales for the most popular sedan model XE8 in 2018 is 4,000 units. Deluxe Motorcar has a beginning finished inventory of 600 units. Its ending inventory is 450 units. The present selling price of model XE8 to the distributors and dealers is $35,200. The company does not want to increase its selling price in 2018. Deluxe Motorcar does not produce tires. It buys the tires from an outside supplier. One complete car requires five tires including the tire for the extra wheel. The company's target ending inventory is 400 tires, and its beginning inventory is 350 tires. The budgeted purchase price is $45 per tire. 1. The budgeted revenues (in USD million dollars) is closest to

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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pleasehelp32 Fone Zone Corporation manufactures telephones. Recently, the company produced a batch of 640 defective telephones at a cost of $9,400. Fone Zone can sell these telephones as scrap for $10 each. It can also rework the entire batch at a cost of $6,900, after which the telephones could be sold for $21 per unit. If Fone Zone reworks the defective telephones, by how much will its operating income change? Multiple Choice Increase by $7,040 Increase by $6,540 Decrease by $2,860 Decrease by $6,540
A4
Target Costing Laser Cast Inc. manufactures color laser printers. Model J20 presently sells for $600 and has a product cost of $480, as follows: Line Item Description Amount Direct materials $350 Direct labor 90 Factory overhead 40 Total $480 It is estimated that the competitive selling price for color laser printers of this type will drop to $570 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: 1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit.2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $12 per unit.3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 42% of the factory overhead are related to…
RelyaTech Corporation is planning its annual budget and has the following beginning and ending inventory levels planned for the year. Beginning Ending Inventory Inventory 20,000 30,000 50,000 40,000 Finished goods (units) Raw material (grams) (ID#87731) Each unit of finished goods requires 2 grams of raw material. RelyaTech plans to sell 150,000 units during the year. Q) How much of the raw material should RelyaTech purchase during the year? Multiple Choice O O 310,000 grams 360,000 grams
Making special pricing decisions Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Collector-Cardz with a special order. The Hall of Fame wishes to purchase 56,000 baseball card packs for a special promotional campaign and offers $0.38 per pack, a total of $21,280. Collector-Cardz’s total production cost is $0.58 per pack, as follows: Collector-Cardz has enough excess capacity to handle the special order. Requirements Prepare a differential analysis to determine whether Collector—Cardz should accept the special sales order. Now assume that the Hall of Fame wants special hologram baseball cards. Collector—Cardz will spend $5,700 to develop this hologram, which will be useless after the special order is completed. Should Collector-Cardz accept the special order under these circumstances, assuming no change in the special pricing of $0.38 per pack?
Subject: acounting
0 out of 3 points Alpha Industries manufactures and sells two models of watches, Prime and Delox. It expects to sell 5,200 units of Prime and 1230 units of Delox in 2023. The following estimates are given for 2023: Question 17 Selling price Direct materials Direct labour Prime $180 35 150 Manufacturing overhead 82 122 Alpha had an inventory of 330 units of Prime and 131 units of Delox at the end of 2022. It has decided that as a measure to counter stock outages it will maintain ending inventory of 380 units of Prime and 214 units of Delox in the current year. Selected Answer: 82,592 Delox $550 65 60 Each Delox watch requires one unit of Crimpson and has to be imported at a cost of $16. There were 121 units of Crimpson in stock at the end of 2022. The management does not want to have any stock of Crimpson at the end of 2023. Compute the dollar amount budgeted for purchase of Crimpson in 2023.
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Subject: acounting
CVP and BEP Veronique Inque. manufactures Unique, a patented rainbow coat of many colours. Veronique has a patent pending for the rain-repellant exterior shell. They anticipate its approval in the near future. They are in the process of budgeting for next year. They anticipate variable costs to increase to $330 per raincoat and fixed costs to remain rather steady at $1,100,000. Management believes that product pricing to customers will increase. They anticipate a sales price point of $440 per coat for next year. Management has not estimated the quantity of sales for next year. 1. Determine the projected CONTRIBUTION MARGIN RATIO. 2. Determine the projected BREAK-EVEN POINT - QUANTITY. 3. Determine the projected BREAK-EVEN POINT - SALES.