Chapter 1, Problem 13P

14. Cain Company is a sporting goods store. The company sells a tent that sleeps six people. The store expects to sell 280 tents in 2024 and 360 tents in 2025. At the beginning of 2024, Cain Company has 30 tents in Merchandise Inventory and desires to have 60% of the next year's sales available at the end of the year. How many tents will Cain Company need to purchase in 2024? Begin by selecting the labels, then enter the amounts to compute the budgeted tents to be purchased. Plus: Total tents needed Less: Budgetec Budgeted tents returned Budgeted tents to be sold Desired tents in ending inventory Tents in beginning inventory Z

Calculate Airbnb inventory turnover for the  year 2024. ( (COGS) was $1.829 billion for the previous 12 months)(average inventory for 2024 is showing a significant increase, with the company reporting over $491 million) What does inventory turnover tells an investor?

Cariman Company manufactures and sells three styles of door Handles: Gold, Bronze and Silver. Production takes 50, 50, and 20 machine hours to manufacture 1,000-unit batches of Gold, Bronze, and Silver Handles, respectively. The following additional data apply: Projected sales in units Per Unit data: Gold Bronze Silver 60,000 100,000 80,000 2. Determine the activity cost driver rate for setup costs and inspection costs? 3. Using the ABC system, for the Gold style of Handle: a. Calculate the estimated overhead costs per unit? b. Calculate the estimated operating profit per unit? 4. Explain the difference between the profits obtained from the traditional system and the ABC system. Which system provides a better estimate of profitability? Selling price $80 $40 $60 Direct materials $16 $8 $16 Direct labour $30 $6 $18 Overhead cost based on direct labour hours (traditional system) $24 $6 $18 Hours per 1,000-unit batch: Direct labour hours Machine hours Setup hours Inspection hours 80 20 60…