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- am. 133.Michael Brown manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 300-litre batch: 90.00 litres of grape concentrate at $1.40 per litre 40.50 kg of granulated sugar at $0.60 per kilogram 87.00 lemons at $0.60 each 72.00 yeast tablets at $0.25 each 69.00 nutrient tablets at $0.20 each 112.50 litres of water at $0.10 per litre Michael estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, e.g. 1.251.) Standard cost of the ingredients for one litre of wine $If you were John Glaser, what would you do? Why? How will you measure the risks and rewards? Suppose Compass Box had whisky that they had bought 6 years ago as new fill whisky with inventoriable costs incurred to date (i.e., historic cost) of £300, completion cost of £130, and an expected selling price of £600. Assume that the cost to buy comparable whisky on the spot market (i.e., replacement cost) is more than £300. What journal entries would be required if: The selling price dropped to £500? The selling price remained at £600, but the replacement cost dropped to £100? The selling price dropped to £400 and the replacement cost dropped to £100? The selling price previously dropped to £400, and then recovered to £650?
- Solve the following problems 1. if it takes 6 cups of flour to make 48 cupcakes, calculate how much flour does it take to make 60SagarYou have an order from your customer in Milan, ITALY for 200 sets of Burtons GoreTex Gloves. Your terms are CIF. There are 10 sets to one box, and 20 boxes in the shipment. How much will the shipment cost (You must show YOUR work Each box weighs 5 kg. and measures 12x12x12 Total value of shipment = $ 7,500 Insurance per $100/value = $0.50 Airfreight: $5 per kilo from LAX to MIL • Customs duty = 15% • VAT = 20% Local delivery in Milan = $150 %3D
- Yankee is the Plant Manager of Reebok International Limited and he wants to determine the product mix that will result in maximum profit. He is able to determine the data necessary for him to make a decision. It will take 10 minutes to cut 1 unit of Classic and 16 minutes to cut 1 unit of Freestyle and he has a total of 160 minutes available for the cutting process per day. It will take 14 minutes to sew 1 unit of Classic and 8 minutes to sew 1 unit of Freestyle and he has a total of 112 minutes available for the sewing process per day. It will take 20 minutes to adhere 1 unit of Classic and 22 minutes to adhere 1 unit of Freestyle and he has to use up at least 440 minutes of subcontracted adhesion process per day. He will earn P350 for every unit of Classic produced and P380 for every unit of Freestyle produced. Let x be the number of Classic rubber shoes and let y be the number of Freestyle rubber shoes.A chemist has three different acid solutions. The first acid solution contains 20 % acid, the second contains 40 % and the third contains 85 %%. They want to use all three solutions to obtain a mixture of 72 liters containing 45 % acid, using 2 times as much of the 85 % solution as the 40 % solution. How many liters of each solution should be used? The chemist should use liters of 20 % solution, liters of 40 % solution, and liters of 85 % solution.Heriot and Watt are planning to open a small shop selling lunch boxes, which they will prepare on the premises. After experimenting for some weeks Heriot and Watt have arrived at two possible lunch box sets, which they think will be popular: Lunch Box A and Lunch Box B. As they can only prepare one lunch box on the premises, they need to decide, which one to choose. The following information is available: Lunch Box A: Selling price £8 Ingredients £3 preparation time £1 Biodegradable box £0.50 Lunch Box B: Selling price £7 Ingredients £2 preparation time £0.70 Biodegradable box £0.50 Required: You are tasked to help Heriot and Watt to make their decision and provide the information below: What is the break-even point for both options? What profit would the expected sales of each option achieve? How many boxes of each option would Heriot and Watt have to sell if they wanted to achieve a profit of £800. Heriot and Watt are considering a…
- How long will it take to recover an investment of $245,000 in enhanced CNC controls that include axis control to 8 axes (on the milling model) if theassociated income is $92,000 per year, expenses are $38,000 per year, and the salvage value is assumed to be 15% of the first cost? Use a MARR of 15% per year.Assume this is January 2019. You’re running a Wine company that has 80% domestic sales and 20% export sales as measured by shipped bottles. Of the domestic sales, 50% is sold via the restaurant channel, 30% is sold to supermarket chains. You production capacity for this year 2019 is for 100,000(Q) bottles (from grapes processed in 2018) if you bottle this already this year. This wine is currently kept in wine casks (տակառ)․ If aged the wine will be more valuable. Land, cellar and casket capacity has been fixed since the establishment of your château (գինետուն). These are prices received (P) and costs per bottle (AC) per sales channel: Domestic Restaurant channel: Price – 3300AMD, Total Cost (AC) – 1900AMD Domestic Retail/supermarket channel: Price – 3600AMD, Total Cost – 1900AMD Export channel: Price – 13USD, Total Cost (incl. shipment) – 4100AMD Current exchange rate is 485AMD per 1 USD Please calculate profit margin per Sales channel (in percent)A recognized pharmaceutical company buys and sells a dangerous chemical. This substance is purchased once a month at the beginning of this because its shelf life is one month. If there is any amount of the substance left at the end of the month, the laboratory hires the services of a specialized company to dispose of the product. This company charges $ 1000 for each kilogram of substance handled. The cost of the substance is $ 3,000 / kg and the selling price is $ 12,000 / kg. If there is no substance available when a customer requires it, the laboratory incurs a cost of $ 10,000 / Kg because its policy is to always satisfy the demand. The $ 10,000 includes the cost of the product and the cost of transportation to supply the product in a very short time. The monthly demand follows a triangular distribution (10,40,60). Calculate the optimal order quantity.